The Certificate in Regulated Investment Funds, a consortium bid between WIT and MTU, will be taught over one academic year and its aim is to enable participants to:
Prepare investment fund financial statements and NAV calculations for a variety of fund types.
Interpret the principles and provenance of investment fund regulation.
Discuss the role of governance in the oversight of investment funds.
The programme will be delivered online, one evening per week. Candidates will receive practical training in Excel, Eikon and portfolio selection techniques. The programme will provide candidates with insights into some of the core elements of the operation of regulated investment funds in Ireland.
The financial sector has performed well during the Covid period, however, it is a sector where educational attainment is extremely important with 80% of those employed having a third level qualification (National Skills Bulletin 2021). The Ireland for Finance 2025 strategy notes that it is important to advance coordination between industry and third-level institutions to support the development of skills and innovation in financial services. As WIT and MTU have previously collaborated with industry on a separate level 9 Masters qualification in this field, which has been funded under HCI pillar 3, key relationships already exist with industry partners and the requisite skills, resources and expertise to deliver this programme are in place.
In the South East, there is a strong demand for individuals with skills in fund administration. Indeed, in an October 2021 Summary of Demand from Industry for Skills in the financial services sector (SE Regional Skills, 2021), the roles in demand include: risk & compliance professionals, fund accountant and associate accounting roles. In the same report, employers identified skills shortages and a need to upskill staff in the following disciplines: fund accounting, regulation, risk & compliance, presentation skills and intermediate Excel. This certificate will provide graduates with the skills to access these types of roles.
Ireland South-West region is home to approximately 40 international financial services companies, employing upwards of 3,500 people, with the investment fund and asset management sector undergoing huge growth (Cork Chamber, 2021). However, there is a dearth of funds education in the South West and often a lack of industry awareness among undergraduates and recent graduates. Industry partners have expressed a difficulty in attracting and retaining talent we believe that by creating this certificate as a gateway to the funds industry for recent graduates and others looking to up-skill, we will improve job readiness and enhance the attractiveness of participants to these thriving industry partners.
The course is 90% funded by Government for employed people who will pay 10% of the total programme fee - please reference www.setu.ie/springboard .
The course is fully funded for unemployed people and people returning to formal employment - please see http://springboardcourses.ie/eligibility
Fee ( Payable by employed people) €150
This course gives learners an introduction to the concepts of fund accounting.
Issues to be addressed include valuation of equity funds, accounting for fund shares, accounting for corporate actions, accounting for fund expenses and NAV calculations.
This module introduces learners to the concept of regulation and what it means to be a “regulated entity”.
Learners will have the opportunity to explore key regulatory issues and will get a high-level overview of the various legislative frameworks.
This module addresses more complex aspects of fund accounting, including accounting for money market and bond funds.
Next issues around accounting and valuing specialist securities are explored. Incentive fee accounting will also be discussed.
The aim of this module is to introduce learners to the structure of the funds industry in Ireland,
the responsibilities of service providers and the concept of fund governance. Students will engage in a mentorship arrangement with a fund professional.
The minimum entry requirements for students to be accepted on the Certificate (Level 8) in Regulated Investment Funds are as follows:
a) Applicants must hold at least a Level 7 qualification in business/finance/economics/IT
b) Students holding a non-business/IT honours degree of the type listed above are eligible to apply. Applicants may be asked to attend an advising interview. These applicants will need to provide evidence that they possess numeracy and IT skills.
c) Students without a Level 7 qualification may qualify under RPL as per WIT or MTU (as appropriate) academic guidelines on RPL.
d) International students must meet the WIT or MTU (as appropriate) requirements for postgraduates in IELTS or equivalent. This programme resides in the School of Business of both institutions (this can b important when determining the appropriate English language competency criteria to apply).
Successful candidates will be in a position to apply for entry level roles in investment fund administration (fund accounting, investor services, depositary, custody and client services)