Training on Risk Management & Asset-Liability Management in Pensions

Module 1: Pension Risk Landscape & Governance

• Overview of pension fund risk types

• Risk governance and accountability

• Risk appetite and policy frameworks

• Case Study: Pension fund risk failures and lessons learned

Module 2: Understanding Pension Liabilities & Funding

• Defined benefit and defined contribution liabilities

• Actuarial assumptions and funding ratios

• Contribution strategies and benefit promises

• Case Study: Funding challenges in pension schemes

Module 3: Asset-Liability Management (ALM) Frameworks

• ALM concepts and models

• Matching assets to liabilities

• Scenario analysis and stress testing

• Case Study: Designing an ALM strategy for a pension fund

Module 4: Investment Risk Management & Hedging Strategies

• Market, interest rate, inflation, and longevity risk

• Diversification and risk mitigation tools

• Use of hedging instruments

• Case Study: Managing market and interest rate risk in pensions

Module 5: Integrated Risk Management & ALM Application

• Integrating ALM into investment strategy and governance

• Monitoring, reporting, and regulatory compliance

• Capstone Exercise: Development of a pension fund risk management and ALM action plan

• Case Study: End-to-end ALM decision-making simulation