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Operational resilience has become a term almost as important to regulators as that of ensuring adequate capital reserves for third-party investment groups, driven by market shocks of 2020 and the realisation that unthinkable doesn't mean impossible. Fund operational professionals need to react, and react fast, as regulators, senior managers, and clients come to ask, 'what happens to this fund in severe market changes?'

This special report follows on from our Operational Resilience for Buy-Side Investors virtual conference. The report examines from the UK Financial Conduct Authority's perspective along with industry practitioners, the latest thinking towards operational risk management (identification and mitigation), challenging perceptions as to how to best develop and manage an optimal operational resilience strategy to provide readers with actionable insight to improve their own approaches from.

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KEY NOTE PRESENTATION: Regulator update – the quest for organisational resilience and what it means in practice for firms
- Nick Miller, Head of Asset Management, Wholesale Supervision, Financial Conduct Authority


STAND ALONE PRESENTATION: Operational resilience – new thinking in ‘insurance’ based operating model design
- Paul Roberts, Chief Executive Officer, Milestone Group

STAND ALONE PRESENTATION: Raising oversight standards by accomplishing and triumphing more with outsourcers
- Frank Carr, Chief Marketing Officer, Financial Risk Solutions

PANEL DEBATE: How to govern operational resilience standards both internally and among third-party providers

Moderator:
- Sara Benwell, Editor, Fund Operator
Panellists:
- Mike Tumilty, Global Chief Operating Officer, Standard Life Aberdeen
- Nick Simms, Director, Cornwood Risk Management (former Operational Resilience Director, M&G Plc., and Programme Manager for Pandemic Flu programme, NHS Tower Hamlets)
- Professor Gianluca Pescaroli, Assistant Professor in Business Continuity and Organisational Resilience, University College London's Institute for Risk and Disaster Reduction
- Amanda Flynn, EMEA Regulatory Change Manager, J.P Morgan Corporate Investment Banking

Nick Miller

Head of Asset Management, Wholesale Supervision, Financial Conduct Authority

Paul Roberts

Chief Executive Officer, Milestone Group

Frank Carr

Chief Marketing Officer, Financial Risk Solutions

Mike Tumilty

Global Chief Operating Officer, Standard Life Aberdeen

Nick Simms

Director, Cornwood Risk Management (former Operational Resilience Director, M&G Plc., and Programme Manager for Pandemic Flu programme, NHS Tower Hamlets)

Professor Gianluca Pescaroli

Assistant Professor in Business Continuity and Organisational Resilience, University College London's Institute for Risk and Disaster Reduction

Amanda Flynn

EMEA Regulatory Change Manager, J.P Morgan Corporate Investment Banking

Milestone Group is an institutional fintech firm serving the investments industry and is recognized globally as the architect of a new class of digital enterprise and industry level solutions based on its pControl investment platform. Milestone Group provides a fresh approach to data, process and product management delivering transparency and operational agility as integrated capabilities across key investment and operational functions.


Currently supporting some $17 trillion in assets, pControl solutions are driving industry innovation for asset allocators including pension funds, fiduciaries and multi-asset product providers, and are category leaders in NAV automation and fund oversight including backup NAV capabilities. Milestone Group’s innovative pControl SmartSourcing™ cloud delivery model provides intelligent and more flexible blended operating model choices. Clients trust Milestone Group to consistently deliver innovative and dynamic solutions backed by deep industry expertise. For more information, visit: www.milestonegroup.com

With over 20 years delivering Investment Administration software, Financial Risk Solutions Ltd (FRS) is a trusted technology partner to asset managers, life assurance and wealth management firms worldwide. Led by an expert team of actuaries, compliance and IT specialists, clients license FRS software to help navigate the ever-changing challenges of growth, regulatory pressures and competition in the industry.

The award-winning* InvestProTM platform is relied on by over 65 blue-chip financial services and BPO clients to reduce operational costs, increase efficiencies and mitigate risk in the manufacture and management of investment products. More than150,000 funds are managed on the Invest|Pro™ platform today.

Delivered on-premise or cloud-hosted, Invest|ProTM securely automates multiple complex fund administration processes including oversight, unit-pricing, cash allocation and rebalancing; and NAV validation of operational activity performed by outsourced partners; and in Europe monitoring and reporting for PRIIPs, KID requirements, and Pillar III asset reporting for Solvency II.

FRS is part of the Constellation Software Inc. group and headquartered in Dublin, Ireland, with offices in Hong Kong and Sydney.

For more information visit frsltd.com or follow FRS on LinkedIn at www.linkedin.com/company/frs-ltd

*2019 - Best Solvency II Tech Solution - Insurance Asset Management Awards, Pensions Technology Provider of the Year - Irish Pensions Award, 2017 & 2018 – Tech Firm of the Year – Insurance Asset Management Awards, 2016 – Tech Provider of the Year, Governance Risk and Compliance – Risk.Net Awards.

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All our sponsorship packages are ‘tailor made’ to ensure complete success for our clients, so you can feel assured that your specific aims are being addressed. If you’re interested in any of the above benefits then please contact us below about sponsorship:

Call +44 (0) 207 1931 487 or send a message

All our sponsorship packages are ‘tailor made’ to ensure complete success for our clients, so you can feel assured that your specific aims are being addressed. If you’re interested in any of the above benefits then please contact us below about sponsorship:

Call +44 (0) 207 1931 487 or send a message