Feedback

HEC-Ecole de gestion de l'Université de Liège
HEC-Ecole de gestion de l'Université de Liège
MASTER THESIS
VIEW 65 | DOWNLOAD 0

Implementation of an operational risk management system at the level of the management company and at the level of investment funds

Download
Vanderheyden, Romain ULiège
Promotor(s) : Hambuckers, Julien ULiège
Date of defense : 19-Jun-2020/23-Jun-2020 • Permalink : http://hdl.handle.net/2268.2/10250
Details
Title : Implementation of an operational risk management system at the level of the management company and at the level of investment funds
Translated title : [fr] Mise en place d'un système de gestion des risques opérationnels au niveau de la société de gestion et au niveau des fonds d'investissements
Author : Vanderheyden, Romain ULiège
Date of defense  : 19-Jun-2020/23-Jun-2020
Advisor(s) : Hambuckers, Julien ULiège
Committee's member(s) : Boniver, Fabien ULiège
PONS, Bernard 
Language : English
Number of pages : 146
Keywords : [en] Operational risk
[en] Operational risk management
[en] Risk management
[en] Financial industry
[en] Investment funds
[en] Management Company
Discipline(s) : Business & economic sciences > Finance
Institution(s) : Université de Liège, Liège, Belgique
Degree: Master en sciences de gestion, à finalité spécialisée en Banking and Asset Management
Faculty: Master thesis of the HEC-Ecole de gestion de l'Université de Liège

Abstract

[en] The purpose of this thesis is to explain precisely the implementation of an operational risk management framework in the context of Pure Capital SA, a mid-sized management company active in the wealth management, investments funds and Manco services.
To this regard, the report contains partly a theoretical and academic approach on operational risk management in the financial industry. From the regulatory approach of minimum operational risk capital induced by Basel Agreements to the practical methods including RCSA or scenario analysis for the assessment of operational risks, the dissertation covers the best practices regarding the subject in the financial industry.
Moreover, a detailed analysis containing the different steps of the implementation of the project is provided. The project led to the production of a matrix that takes into account the main functions of any operational risk management system: identification, assessment, control, monitoring and reporting of operational risks. In order to achieve this task, I used RCSA scoring methods and scenarios analyses during risk-based interviews for each department. The results of this internal analysis are reported in operational risk factsheets for every department.
In addition to the matrix, the mission resulted in the development of an operational risk database where operational incidents including operational losses, near miss events and unintentional gains are reported. A detailed internal procedure has been established for the reporting of an operational incident.
Finally, this thesis contains a reflective analysis on a key aspect of operational risk management highlighted by the COVID-19 crisis during which this project was carried out: Business Continuity Management.
Thanks to the implementation of these tools, Pure Capital can demonstrate to its regulatory supervisor and its stakeholders appropriate operational risk management among its activities.


File(s)

Document(s)

File
Access Project thesis Romain Vanderheyden s141963.pdf
Description:
Size: 5.03 MB
Format: Adobe PDF

Author

  • Vanderheyden, Romain ULiège Université de Liège > Master sc. gest., à fin.

Promotor(s)

Committee's member(s)

  • Boniver, Fabien ULiège Université de Liège - ULiège > HEC Liège : UER > UER Finance et Droit
    ORBi View his publications on ORBi
  • PONS, Bernard PURE CAPITAL
  • Total number of views 65
  • Total number of downloads 0










All documents available on MatheO are protected by copyright and subject to the usual rules for fair use.
The University of Liège does not guarantee the scientific quality of these students' works or the accuracy of all the information they contain.