The investment fund industry landscape has gone through significant changes over the past years. This is due to continuous changes and evolutions in the investors and distributors expectations. But this is also the result of the adoption of technological disruptors.
In close collaboration with PwC's subject matter experts, PwC's Academy has developed a multi-layered training curriculum for junior and more experienced fund industry employees and managers, who seek to gain further knowledge, allowing them to grow and get familiar with the topic/anticipate future trends.
This new curriculum more specifically focuses on the Fund Accounting roles through 2 different learning paths:
- UCITS Fund Accounting curriculum
- AIF Fund Accounting curriculum
Both offer a learning experience over 2 levels (Foundation and Knowledge & Competence) to answer your questions and training needs at different stages of your career (in Fund Accounting or not).
While the foundation level is common to both curriculums, the Knowledge & Competence level, predominantly aimed towards operational teams, will specifically cover regulations, financial products, processes and controls specific to either UCITS funds or AIFs.
2 levels: Foundation, Knowledge & Competence
Foundation
This Foundation level is common to both UCITS and AIFs.
Please click on the links to get further details about each building block's contents or to register for a session.
This training pack is designed around 4 complementary building blocks:
Investment funds - Introduction and market data (1h) Investment funds is one of the major industries in Luxembourg. With this training we propose to make a first step into the funds world by detailing some key concepts that can be developed further in other more specific training modules.
Investment funds - Actors, roles and responsibilities (1h) In the continuity of the module Investment Funds - Introduction and Market Data, this course will cover the main actors involved in the investment funds value chain.
Investment funds - Operational aspects (1h) In the continuity of the module Investment Funds - Introduction and Market Data, this course will cover operational aspects of funds through a fund accounting prism.
Investment funds - Distribution platforms (1h) In the continuity of the module Investment Funds - Introduction and Market Data, this course will cover the role and tasks of a fund distribution platform.
This training pack is designed around 3 complementary building blocks.
Investment funds - Regulatory framework (UCITS and AIFs) (2h) In the continuity of the previous modules, this course will cover the main regulations applicable to investment funds (UCITS and AIFs) in Luxembourg and their service providers.
AML - Follow the money (e-learning) (1h) This is the new immersive digital case-study designed by PwC’s Academy and PwC’s subject matter experts to support the acquisition and assessment of essential AML knowledge and competence.
GDPR essentials (e-learning) (1h20) This course is made up of small bite-sized courses, with 12 engaging videos which break down larger, more complex topics into interactive modules. The course covers personal data processing, regulation, data subject rights and data breaches.
Knowledge & Competence
This Knowledge & Competence level provides you with 2 distinct learning paths: a first learning path for UCITS and a second one for AIFs.
Please click on the links to get further details about each building block's contents or to register for a session.
This training pack is designed around 4 complementary building blocks.
Derivative instruments - Step by step - The essentials (2h) This module will cover derivative instrument characteristics and functions, risks and valuation method.
Performance fees: calculation techniques and market practices (2h) This course will highlight performance fee calculation principles, impacts and issues.
Eligible assets and Investment restrictions for Luxembourg UCITS (4h) This course will give participants a clear view on the eligibility criteria applicable to the different UCITS types of investments, on the investment limits and the guidelines referring to the financial derivative instruments’ risks management.
Operational risks in fund accounting (1h30) aims at helping participants understand and monitor the different risks inherent to the Fund Accounting operations and processes.
This training pack is designed around 6 complementary building blocks.
About financial products
Derivative instruments - Step by step - Forward and future (2h) This course will allow participants to define the general characteristics of forward and futures, understand the instruments’ functions, valuation method, impacts and risks.
Derivative instruments – Step by step - Swaps (2h) This course will allow participants to define the general characteristics of swaps, understand the instruments’ functions, valuation method, impacts and risks.
Derivative instruments – Step by step - Options (2h) This course will allow participants to define the general characteristics of options, understand the instruments’ functions, valuation method, impacts and risks.
Derivative instruments – Step by step - Credit derivatives (2h) This course will allow participants to define the general characteristics of credit derivatives, understand the instruments’ functions, valuation method, impacts and risks.
About risks
Coming soon! CSSF circular 02/77 and compliance breaches (latest developments and last amendments)
Coming soon! CSSF circular 02/77 and NAV errors (latest developments and last amendments)
You may want to enrich your learning path with the following courses about accounting standards and processes:
IFRS for investment funds - Focus on UCITS (3h) This course will give you a clear overview of IFRS key technical elements, issues, and accounting treatments specific to the UCITS investment fund industry
Lux GAAP vs IFRS: key similarities and differences (4h) This module will provide participants with the framework’s basic principles and their differences.
Coming soon! US GAAP for investment funds (4h) This module will allow participants to identify the US GAAP principles applicable to investment funds, but also to apply the reporting requirements.
The AIF learning path is still under development and will be available soon.
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