If you are interested & require further information, we will email you a copy of the programme brochure.
As you are not registered with us, you will need to upload proof you can enrol to this programme.
I know, let’s sign upI have an account, let me sign in firstThe 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.
Download the CIFD programme brochure
David O'Callaghan speaks about the benefits he found in completing the Certified Investment Fund Director Programme.
The CIFD Programme is delivered through an intensive combination of class-based, online, and self-directed learning. This is a blended learning programme, where class-based learning is supported by additional reading, online webinars and individual learning outside the classroom. This approach allows for time-constrained professionals to manage their own learning journey whilst still benefiting from the interactive and peer learning that a classroom environment provides.
The Programme comprises ten modules. Seven modules are delivered in the classroom and three are delivered online (see programme modules). The classroom-based modules are delivered over one block of five consecutive days’ duration and are supplemented by assigned pre-reading material and, for some modules, short supporting webinars. The CAIA module - Fundamentals of Alternative Investments - is a self directed online course. The Custody and Board Oversight and Risk Management and Board Oversight modules are delivered through a combination of live and recorded webinars.
Participants on the CIFD Programme have access to a student portal where they can access webinars and a library of reading material recommended by the programme faculty.
The Programme Director hosts a live webinar to welcome participants at the start of the programme. This provides recommended timelines for participants to navigate through the programme. As participants, you will play an important role in the success of the programme. Prior to the classroom week, engaging with the assigned reading and webinars is critical. We estimate that approximately 70 hours of online and self-directed learning is required for this purpose. Inside the classroom, over the five-day block, active participation and discussion is facilitated and encouraged by lecturers. Contextualising the programme material in the day-to-day experiences of participants within the classroom is an integral part of the CIFD Programme.
For further information on the CIFD programme please contact the Relationship Manager, Kate Walsh at [email protected]
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.
On successful completion of this programme, participants will be equipped to:
critically evaluate the investment fund governance models they are involved with as a director or asset manager and identify gaps in the objectives, framework and process;
articulate the objectives of investment fund governance;
implement an effective investment fund governance framework;
maximise the effectiveness of fund board, fund promoter and service provider relationships from an investment fund governance perspective;
understand the behaviours required from wellfunctioning boards and individual directors.
The Certified Investment Fund Director Programme is delivered through an intensive combination of class-based, on-line, and self-directed learning.
This is a blended learning programme, where class-based learning is supported by additional reading, online webinars and individual learning outside the classroom.
This approach allows for time-constrained professionals to manage their own learning journey whilst still benefiting from the interactive and peer learning that a classroom environment provides.
You will study 10 modules;
ONLINE
Fundamentals of Alternative Investments
ONLINE:
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
DAY 1
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
DAY 2
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
DAY 3
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
Custody risk
Effective board oversight of custody of asset
DAY 4
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
DAY 5
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
Board dynammics
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
Online elements:
8 April to 19 May, 2024
In person class week:
20 to 24 May, 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]
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