The programme's syllabus is intended to cover all key aspects of the value chain for funds and address the key governance issues faced by fund directors. The content delivered by the Programme's faculty is dynamic - reflecting key prevailing industry topics and trends, such as the rise of sustainable finance and the evolving technology and digital landscape - to ensure participants are well equipped with the knowledge to become successful fund directors in the industry today.
Delivered through an intensive combination of class-based, on-line, and self-directed learning.
You will study 10 modules;
Fundamentals of Alternative Investments
Overview of risk management concepts, including inherent and residual risks and risk appetite
Role, governance and organisation of the risk management function of a management company
Role of fund directors in providing risk oversight
Future developments and trends impacting risk management
Purpose of investment fund governance
Governance sources: hard law and soft law
Role of investment fund boards including risk management and embedding culture
Fit and Proper assessments
Composition of boards: knowledge, independence and diversity
Investor engagement and stewardship
Induction and continuing training
Directors' duties, collective responsibility and accountability
Distribution life cycle from a customer and product perspective
The role of the board in relation to fund distribution
Relevant regulatory requirements
Industry trends relating to distribution
A distribution oversight model
Overview of transfer agency function
The Regulated and Controlled Environment
A case study to help understanding what the main points of attention for a Fund Director are
Evaluate the key components of the portfolio management function
Identify the impact of the key economic macro drivers on the potential investment opportunities and risks for funds
Comprehend how the portfolio management function is evolving through the growth in private markets and new ways of investing
Assess the evolving regulatory environment which is shaping fund strategy
Custody models / prime broker models
European regulatory framework and the implications for depository liability
Effective board oversight of custody of asset
NAV Calculation Vs. Valuation of a Fund's Assets
Considerations when choosing your Calculation Agent
Legal and Regulatory Framework
Considerations for the Valuation Operating Model Accounting for fair value accounting
Role of external audit
Financial statements of investment funds
Audit Process and Audit Opinions
EU Audit reform
Relevance of regulation to specific business areas
Cross border distribution of funds: considerations
'When things go wrong' case-based discussion
Preparing for board meetings, virtual meetings
Ethical decision making
On successful completion of the CIFD Programme, candidates will be invited to apply for the professional designation of Certified Investment Fund Director. As a CIFD designate you will be part of a strong network of investment fund directors and industry contacts from the programme and benefit from recognition within the investment fund industry.
You will become part of a community of investment fund professionals who recognise the value of governance education and share similar values and beliefs in relation to the objective of investor protection.
You will also have access to exclusive material and events to ensure your own continuing professional development.
Cohort 23 – Dublin
8 April to 19 May 2024
In person class week:
20 to 24 May 2024
Cohort 24 – Dublin
27 August to 13 October 2024
In person class week:
14 to 18 October 2024
The CIFD Programme is designed for
Investment Fund Directors
Directors of Fund Management Companies
Those with extensive fund/asset management experience who aspire to become Fund Directors and/or Directors of Fund Management Companies
Those with extensive fund/asset management experience holding senior leadership positions in the funds industry
It is also a valuable programme for those responsible for the regulation of investment funds and institutional investor personnel responsible for the oversight of investment fund governance frameworks within their portfolio of investment funds.
Please contact Kate Walsh for details on the CIFD, Certified Investment Fund Director programme at [email protected]
I would thoroughly recommend the course. It has enabled me to have effective conversations and to grow my network within the funds industry.
Jonathan McKeown, TopRiver Partners
The CIFD Programme gave me a professional insight to a variety of topics with top presenters in a timely fashion.
Stephan Sommer, Independent Non-Executive Director
The CIFD Programme was excellent in that it encapsulated all the pertinent issues of a fund and the integral role the CIFD can play.
Philip Craig, Independant Non-Executive Director