Family Office Risk Management and Controls

Programme Overview

Singapore has established itself as a global financial centre attracting family offices and ultra high networth clients given its political stability, robust regulatory framework, transparency and effective legal system. The Family Office Risk Management and Controls Programme is designed to build capabilities in the family office ecosystem to maintain and safeguard Singapore’s position as an international financial centre with high standards of transparency and compliance risk management and controls. The programme will equip participants to grasp the regulatory environment for family offices, examine key regulatory and compliance risks, and identify solutions to address and mitigate these risks balancing robust risk management and innovation.

Total Training Duration: 8.5 CPD hours
Core FAA CPD: 4 hours
Core SFA CPD: 4 hours
Classroom Hours: 8.5
Preparatory Hours: 4

Course

By the end of this module, participants will be able to

Understand and explain the family office landscape and key players, family office structures and rationale, and key stakeholders in the family office eco-system
Identify and explain key regulatory frameworks and requirements for family offices and ultra-high networth individuals.
- Future proofing control frameworks.
Identify and analyse key risks associated with family offices and ultra-high networth individuals including client onboarding, complex structures and tax, higher risk jurisdictions, businesses and products, and cross-border issues.
- Equip participants with Skills, knowledge and confidence to provide effective solutions in the context of their respective organisations/contexts.
Identify, evaluate and assess appropriate risk mitigation strategies, policies and plans to address and manage such risks.
Develop and implement appropriate compliance risk management and control policies, procedures and activities to address risks identified.

The course structure consists of a combination of classroom learning and assessments, with a total duration of 8.5 hours.

Section 1: Family Office Landscape & Ecosystem, Regulatory Framework

Section 2: Key Risk issues and Risk Management

Section 3: Risk Mitigation Strategies and Procedures

Section 4: Issue Management & Handling

Download programme brochure

Who Should Attend

This programme is relevant for players within the family office ecosystem including financial institutions servicing family offices, asset managers, investment managers, wealth managers, law firms, trust companies, real estate companies as well as family office professionals, advisors and partners.

Useful Links

Certification

Participants who successfully complete the programme will be awarded:

Accreditation

IBF Accreditation

This course is eligible for funding under the IBF Standards Training Scheme (IBF-STS), subject to all eligibility criteria being met.
For more information on the Skills Framework for Financial Services, please visit www.ibf.org.sg/home/for-financial-institutions/resource-tools/skills-framework-for-financial-services.

For more information on the IBF-STS, please visit www.ibf.org.sg/home/for-financial-institutions/resource-tools/skills-framework-for-financial-services.

Certification

About IBF Certification

This course addresses the following Technical Skills and Competencies (TSCs) and proficiency level:

Regulatory Compliance (PL3)
Risk Management (PL3)

Participants are encouraged to access the IBF MySkills Portfolio (https://www.ibf.org.sg/programmes/Pages/MySkills-Portfolio.aspx) to track their training progress and skills acquisition against the Skills Framework for Financial Services. You can apply for IBF Certification after fulfilling the required number of Technical Skills and Competencies (TSCs) for the selected job role.

Find out more about IBF certification and the application process on https://www.ibf.org.sg/certification/Pages/Why-be-Certified.aspx

Modules	Full Fees (S$)	Fees after subsidies inclusive of 9% GST (With effect from 1 January 2024) (S$)
Before GST	After GST	Company-Sponsored	Self-Sponsored

Note:

Prices shown are based on the prevalent IBF-STS subsidies. T&Cs apply.

Click here to read more about the terms & conditions governing registration, payment, cancellation, deferment and no-show.

Eligible SG citizens may utilise SkillsFuture Credit to offset course fees. This is only applicable for the regular SkillsFuture Credit, and not applicable for the SkillsFuture Credit (Mid-Career) additional top-up funding.

The information above is correct at the time of publication. Wealth Management Institute reserves the right to amend the fees and/or terms and conditions as appropriate.