Integrated Risk Management and Governance of Recovered Asset Funds

Course overview

Recovered asset funds hold money taken from crime and promised to the public. That makes governance failures especially damaging: a conflicted appointment, an unapproved investment or a missing reconciliation can undo years of recovery work in one headline. This recovered asset fund governance course helps boards, managers and risk officers build the structures and habits that prevent such failures.

Participants examine governance models for recovered funds, from ring-fenced accounts within ministries to independent trusts and statutory funds, and the roles of boards, investment committees, management and auditors. The course then applies enterprise risk management to the whole fund: strategic, investment, operational, integrity, legal and reputational risks, together with risk appetite, registers, controls and assurance. Integrity receives particular attention, including conflicts of interest, political interference and the risk of assets returning to offenders. Participants work on a case fund facing a governance crisis and design the reforms needed to restore confidence.

Participants leave with a governance and risk framework they can benchmark their own fund against, and a prioritised improvement plan.

What you will be able to do

• Compare governance models for recovered asset funds
• Define the roles of boards, committees, management and auditors
• Apply enterprise risk management across a recovered fund
• Set a risk appetite and maintain a useful risk register
• Design controls for integrity, conflicts of interest and political interference
• Plan assurance through internal audit and independent review
• Prepare a governance improvement plan for a recovered fund

Who should attend

For board and committee members, senior managers and risk and compliance staff of recovered asset funds and asset recovery agencies.

• Board and trustee members
• Investment committee members
• Chief executives and fund managers
• Risk and compliance officers
• Internal auditors
• Legal advisers
• Ministry of finance oversight officers

Course outline

Fees are per participant in US dollars and cover tuition, course materials and your certificate. Travel and accommodation are not included.