Trimester start date
30 September 2019
23 September 2019
Trimester start date
30 September 2019
23 September 2019
IFS Skillnet: €1,380* or Non-member: €1890
See 'details' for more information
The Professional Certificate in International Investment Fund Services is a unique and specific programme, designed to support the international investment funds industry.
The programme will be of interest and particular relevance to those working, and those seeking to work, in the investment funds industry and newly practising professionals working in the asset management and investment funds areas in the legal and auditing advisory firms.
The Professional Certificate in International Investment Fund Services is the acknowledged qualification of, and for, the international funds industry.
This programme is offered in partnership with Irish Funds (if).
A three module programme, the first module, Introduction to Investment Funds, introduces and contextualises the fund as an investment product, discusses the investment fund from its establishment right through its life cycle and the various involvements and interjections through that life cycle. The Fund Accounting and Valuation for International Investment Funds module outlines the accounting and valuation aspects of investment funds, including the accounting statements for funds, the calculation of the Net Asset Value (NAV) and the importance of and controls around ensuring an accurate NAV. The third module, Custody and Transfer Agency, examines the operation and the roles and responsibilities of the custody and transfer agency functions for international investment funds.
The overall aim of the programme is to introduce, discuss and describe the investment fund from its inception right through to its termination detailing the functions and parties to a fund; the roles, responsibilities and activities of all the parties to the fund and how each area interacts with each other. It will enable you to;
Describe the functions, objectives, structures and types of investment funds
Explain the legal and regulatory environment for investment funds including investor classifications and risk controls
Discuss the role of outsourcing and specialist servicing jurisdictions in the international fund industry
Understand the fundamental accounting principles, standards and the financial statements of an investment fund
Calculate the Net Asset Value (NAV) for single and multi-share class funds and understand the importance of an accurate NAV and the controls surrounding its calculation
Describe and understand the critical role and responsibilities of the custodian and transfer agent in the global investment funds industry
Explain the main custody and shareholder services including cash management, dealing, settlements registration, investor trade processing and investor-level fee calculations
Discuss and have a strong awareness of Anti-Money Laundering, Common Reporting Standards (CRS) and other major international industry initiatives and developments.
If you hold an Institute designation or a designation managed by the Institute, CPD hours may be awarded on successful completion of this programme.
This programme has IFS Skillnet funding available for certain companies.
IFS Skillnet price: €1,380*
*2019 modules are eligible for IFS Skillnet funding for a limited number of places on a first come, first served basis. You should check if your company has IFS Skillnet approval and if so, please complete this form
Note: students without IFS Skillnet funding should apply using the Enrol now button above.
Blended – online and workshops
Details and schedules for the delivery for each module are set out in the study guides accompanying each module.
100% continuous assessment. The pass mark is 40% in all modules in line with UCD academic policy.
William Lawless- Programme Manager
Monday, 23 September 2019
The minimum entry requirements are as follows:
• Five passes in the Leaving Certificate, including English and Mathematics
• Five O Level/GCSE passes, including English Language and Mathematics.
The Institute will also consider applications on a mature candidate basis from applicants who are 23 years of age before the date of their application for admission to the programme.
You must be a current member, or become a member of The Institute of Banking.
Describe the core components of an investment fund, the various functions and parties to an investment fund, their roles and how they interrelate
Set out the process, parties and documentation involved in setting up a fund and how and when a fund might terminate
Describe the legal and regulatory framework in which the fund industry manufactures and administers investment funds including the different fund vehicles and structures, portfolio instruments, financial markets and strategies
Explain how regulatory policy is decided, implemented and supervised; the role of the regulatory and industry bodies in policy determination and discuss recent and current policy developments
Discuss the globalisation of the investment funds industry, the role of fund manufacturing jurisdictions, outsourcing and specialist servicing jurisdictions in the international fund industry
Describe the various types of risk that commonly present within the investment fund lifecycle; where these risks occur, their impact on the various stakeholders and how the risks can be managed and/or mitigated
Describe the fundamental principles of accounting and their application to investment funds
Identify the classification of the various account types and the structure of a Trial Balance
Create the accounting entries required to record the activity of an Investment Fund
Outline the key components of Financial Statements and the various International Accounting Standards that apply to Investment Funds
Calculate the Net Asset Value (NAV) for various fund structures and understand the importance of an accurate NAV and the controls surrounding its calculation.
Detail the role and responsibilities of the depositary, the custodian and the transfer agent in the Investment Funds Industry
Explain trade instructions, the settlement/payments processes, safekeeping of assets, securities and cash management from a custody perspective
Describe the activity of Securities Lending, the key parties involved and the associated risks
Describe the other ancillary services and processes provided by the Custodian such as book of records, RFP’s etc.
Explain the critical Anti-Money Laundering, FATCA and other major international industry initiatives and developments in mitigating financial crime risk in international investment funds services.