International Financial Services

Business Accounting

Network: 
Law Society Finuas Network
Location of Course Online
Trainer Chartered Institute of Manangement Accountants
Methods of Assessment Computer Based Assessment
All five assessments for
the Certificate in Business
Accounting are exclusively
taken using computer based
assessment and use objective
test questions. Each assessment
runs for two hours and the pass
mark is 50%. The three main
advantages of computer based
assessment are that you:
• have the opportunity to sit
assessments at your nearest
Computer Based Assessment
(CBA) centre - based in
Athlone, Cavan, Cork, Dublin,
Galway, Letterkenny, Limerick,
Waterford and Belfast
• can sit assessments, and if
necessary re-sit assessments,
whenever you are ready, at
any time during the year
• gain instant results and
performance feedback.
Further Enquiries Email: finuas@lawsociety.ie
Phone: 01 881 5727
Course Content There are five modules that make up the Certificate in Business Accounting. The learning
and skills you will develop from these modules will provide you with an excellent grounding
in the fundamentals of the different areas of accounting and how these relate to the
business world
Enrolment and Start Dates Comment Ongoing - Online Course
Subjects Taught C01 Fundamentals of Management Accounting
• Cost determination
• Cost behaviour and breakeven analysis
• Standard costing
• Costing and accounting systems
• Financial planning and control

C02 Fundamentals of Financial Accounting
• Conceptual and regulatory framework
• Accounting systems
• Control of accounting systems
• Preparation of accounts for single entities

C03 Fundamentals of Business Mathematics
• Basic mathematics
• Probability
• Summarising and analysing data
• Inter-relationships between variables
• Forecasting
• Financial mathematics
• Spreadsheets

C04 Fundamentals of Business Economics
• The goals and decisions of organisations
• The market system and the competitive process
• The financial system
• The macroeconomic context of business

C05 Fundamentals of Ethics, Corporate Governance and Business Law
• Ethics and business
• Ethical conflict
• Corporate governance
• Comparison of English law with alternative legal systems
• The law of contract
• The law of employment
• Company administration and finance

Course Fee Fee: €895 per person
Discounted *Fee: €670 per person
*Applicable to Law Society Finuas Network members
Course Web Page: 
www.lawsociety.ie/Lspt
Available to Job Seekers: 
No
Certified: 
Yes

JSSP - CIMA Diploma in Islamic Finance

Network: 
Law Society Finuas Network
Location of Course CIMA Ireland, Harcourt Road, Dublin 2
Trainer Chartered Institute of Management Accountants (CIMA)
Further Enquiries Email: jssp@lawsociety.ie
Phone: 01 881 5727
Course Content The Chartered Institute of Management Accountants (CIMA) has launched the CIMA Diploma in Islamic Finance (CDIF) in Ireland. As the first professional accountancy body to introduce a professional qualification to the Irish market, CIMA is taking the lead at a time when the Irish government is actively working to establish the IFSC as a European hub for the provision of wholesale Islamic finance services.
The CDIF is the first global qualification of its kind to be created by a professional chartered accountancy institute. In conjunction with an advisory group of Shari'ah academics and scholars, CIMA has worked closely with the International Institute of Islamic Finance Inc. to develop a relevant and highly applicable qualification.

Islamic finance
The Islamic finance industry is growing at an exponential rate and the sector’s global worth is estimated to be between €870bn and €990bn with an annual growth rate of 15% to 20%. This growth has continued throughout the global economic crisis –albeit at a slower pace - largely because of its vigorous screening processes and stringent corporate governance practices in dealing with excess liquidity in many oil producing countries.
Islamic finance is both a new and old phenomenon. Its guiding principles originate in the early days of Islam. The modern form under the current financial framework is new to many stakeholders such as regulators, standard setting bodies, shareholders, practitioners and much of the general Muslim population.

The modern rebirth of Islamic finance took place in the Middle East in 1975 when the Dubai Islamic Bank became the first Islamic commercial bank in the world. The first Islamic insurance companies, or Takaful, were established shortly afterwards in Sudan and Dubai in 1979. Today, there are 300 Islamic finance institutions operating in more than 75 countries. As the sector grows, an international focus becomes more important.

Blended Tuition

Enrolment and Start Dates Comment Enrolment and Start Dates: 07/03/2013 for 07/05/2013
Subjects Taught The CDIF is comprised of four individual certificates that will be delivered via CIMA’s blended tuition package. Upon completion of all four certificates you will be awarded the CIMA Diploma in Islamic Finance.

The content of each of the four modules is as follows:
Certificate in Islamic Commercial Law
• The sources of the Islamic commercial law including the Qur’an and the traditions of the Prophet Mohammad
• The methodologies used to solve modern problems in Islamic finance
• The historic contracts involved in Islamic commercial law
• Shari’ah compliance and the importance of the Shari’ah standards.

Certificate in Islamic Banking and Takaful
• The developments which have taken place with regard to Islamic financial institutions and systems
• The main source of funds available to banks and how these sources are rewarded
• The various products developed by Islamic banks for their customers
• The products and services offered under Takaful and issues relating to underwriting, deficits, surpluses and Retakaful
• The financial and operational risks common to both the banking and insurance sectors.

Certificate in Islamic Capital Markets and Instruments
• The differences between conventional and Islamic capital markets
• The primary and secondary capital markets
• Regulation within the Islamic capital market
• Screening processes used in accepting/ rejecting Shari’ah compliant products.

Certificate in Accounting for Islamic Financial Institutions
• The reporting framework and standards of Islamic financial institutions
• The analysis and classification of Islamic funding and financing transactions
• How transactions adopting different contracts of financing are reported in the Islamic financial statements
• Financial accountability and Shari’ah compliance of Islamic financial institutions.

Comment The Diploma in Islamic Finance is a recognised CIMA qualification which carries the designatory letters of 'CDIF’.
Number of Places 10
Course Fee This course is for Jobseekers (solicitors) and is Free of Charge
Course Web Page: 
http://www.lawsociety.ie/Pages/CPD-main/Job-Seeker-Courses/
Available to Job Seekers: 
Yes
Certified: 
No

JSSP - Corporate Governance Risk Compliance, Investment Funds & Credit Union Law

Network: 
Law Society Finuas Network
Location of Course Law Society of Ireland, Blackhall Place, Dublin 7
Trainer Law Society Finuas Network
Further Enquiries Email: jssp@lawsociety.ie
Phone: 01 881 5727
Course Content The overall aim of the Corporate Governance, Risk, Compliance, Investment Funds and Credit Union Law Course is to provide solicitors with the necessary competencies, skills and knowledge to enable them to work within these sectors with sufficient knowledge as to enable them to contribute to the employer for whom they work. The course will be delivered through three separate modules and the aims and learning outcomes of each module are set forth below. The three modules will be delivered over a three week period and will comprise of 15 full-time days comprising of six hours of teaching and learning delivery per day.
Enrolment and Start Dates Comment Enrolment and Start Dates: 07/03/2013 for 08/04/2013
Subjects Taught Module 1 – Corporate Governance, Risk and Compliance
Content

Introduction to the Irish Financial Services Sector
 History and background to the establishment of the International Financial Services sector
 Current industry position, strategy and future

Introduction to Regulation & Compliance within the financial services sector
 The Role of the Compliance Officer
 Terms of Reference of the Compliance Officer

Introduction to Corporate Law & Governance
 Legal Framework

Corporate Governance within the Financial Services Sector
 Defining governance and its application to authorized financial services providers

Powers and duties of Directors
 Statutory regulations
 Duties and roles defined
 Restrictions and disqualifications

Transactions involving Directors
 Legal framework and applicable regulations

Corporate Compliance & Secretarial Management
 Statutory framework and best practice

Office of the Director of Corporate Enforcement
 Statutory Powers and functions
 Terms of Reference
 Investigation, compliance and enforcement

Governance from a practitioner’s perspective
 Best practice and knowledge management

The Proposed New Companies Bill
 Preparing for the future

Corporate governance – a focus on the financial services sector
 Sector specific issues and how they are addressed

Introduction to risk in the context of a solicitor acting as in-house counsel
 Law Society guidelines for in-house counsel
 In-house counsel view of risk

Risk assessment and management
 Risk analysis, accountability, operational risk, classifying risk and exposure to risk

Module 2- Investment Funds
Content
Introduction to the funds Industry in Ireland
 The establishment of the International Financial Services Centre (the ‘IFSC’)
 The Dublin Fund Industry Association & Statistics in Dublin
 Role of the IFSRA and what is a fund/collective investment scheme
 Role of Promoters, Management Company, Investment Advisers, Trustee, Service Providers, Accountants, Advisers

Introduction to funds
 Application for approval of Promoter, Manager and Investment Manager by IFSRA
 Authorisation of fund by IFSRA and process involved
 Preparation of authorization documentation e.g. prospectus, memorandum and articles of association, trust deed, partnership agreement, administration agreement form
 Review of prospectus by IFSRA

Fund Listing Procedure
 Listing documents and listing procedure of the ISE
 Listing of shares or units on the ISE and listing particulars
 Listing of both Irish domiciled and foreign domiciled funds
 Examination of directors

Types of collective investment schemes and their objectives
 Types of collective investment schemes and their objectives
 Umbrella funds and sub funds
 Open ended and closed ended schemes, feeder funds, venture funds, fund of funds, retail fund, professional and qualifying investor fund, property schemes, hedge funds, umbrella funds
 Professional investors, qualifying investors, retail investors, institutional investors and other investors

UCITS Funds
 Unit Trusts, Variable capital investment companies
 UCITS Directives, regulation and notices
 Investment restrictions for UCITS
 Borrowing powers, redemption, capital, EU. Passport

Non-UCITS Funds
 Unit trusts, variable capital investment companies and limited partnerships
 Investment limited partnership Act 1994
 IFSRA’s Non-UCITS notices and burrowing powers

Unit Trusts & Investment Companies
 Trust deed, management company
 Unit Trust legislation and regulations
 Issue, redemption and transfer of units
 Role and liability of Trustee
 Termination
 Investment Company memorandum & articles of association
 Part XIII Companies Act 1990 or UCITS regulations
 Issue, redemption & transfer of shares
 Board of Directors, incorporation and termination

Administration of fund administration agreements and related agreements
 Administration of fund administration agreement
 Duties of trustees & custodian agreement
 Duties of investment manager
 Management agreement and investment advisory agreement
 Determining the net asset valuation (NAV) per share or unit

Supervision of funds by IFSRA
 Supervision of funds by IFSRA
 IFSRA guidelines and notices for UCITS and non-UCITS
 Restrictions on investments of schemes
 Restrictions on advertising guidelines-marketing of funds
 Investment funds, companies and legislative provisions

Introduction to the General Irish Financial Services Sector
 History and background to the establishment of the International Financial Services sector
 Current industry position, strategy and future

Introduction to Regulation & Compliance within the financial services sector
 The role of compliance
 Terms of Reference of the Compliance Officer

Introduction to Corporate Law & Governance
 Legal Framework

Corporate Governance within the Financial Services Sector
 Defining governance and its application to financial services providers

Powers and duties of Directors
 Statutory regulations
 Duties and roles defined
 Restrictions and disqualifications

Transactions involving Directors
 Legal framework and applicable regulations

Corporate Compliance & Secretarial Management
 Statutory framework and best practice

Office of the Director of Corporate Enforcement
 Statutory Powers and functions
 Terms of Reference
 Investigation, compliance and enforcement

Governance from a practitioner’s perspective
 Best practice and knowledge management

The Proposed New Companies Bill
 Preparing for the future

Taxation of Collective Investment Schemes & Exemptions
 Taxation of collective investment schemes and exemptions
 Foreign schemes and taxation of foreign domiciled funds
 European passport and relocating funds

Regulatory compliance, statutory returns & reports
 Regulatory compliance – money laundering
 Monthly returns, annual and half yearly accounts, capital requirement, filling requirements with IFSRA
 Continuous secretarial compliance & statutory books
 Recent developments

Module 3- Credit Union Law
Content
Credit Union Governance
 Background to Credit Unions
 Directing the credit union, management and control of the credit union
 Managing the credit union
 Control of the credit union
 Role of supervision within the credit union
 Individual volunteer roles & responsibilities

Credit Union Operations
 Credit Unions and their organizational framework
 Credit Union legal framework
 Membership requirements and the common bond
 Credit union core services
 Internal control issues
 Member services

The Legislative Framework of Credit Unions
 Credit union legislation
 Credit union regulation
 Compliance for credit unions
 Regulatory compliance

Lending & Credit Collection
 Lending and legislation
 Lending framework
 Lending assessment
 Credit control

Credit Union Finance
 The finance function in a credit union
 The fundamentals of accounting
 The income & expenditure account
 The analysis and use of accounting information

Credit Union Insurance
 Financial products
 Legal & regulatory principles of insurance
 Payment protection insurance
 General credit union insurance policies, home union, auto loan and travel insurance
 Loan protection, life savings insurance and death benefit insurance
 Mortgages and pensions
 Anti-money laundering and data protection for authorized products

Number of Places 22
Course Fee This course is for Job Seekers (solicitors) and is Free of Charge
Course Web Page: 
http://www.lawsociety.ie/Pages/CPD-main/
Available to Job Seekers: 
Yes
Certified: 
No

Accounting for Derivatives under IFRS & US GAAP

Network: 
Summit Finuas Network
Trainer Quickstep Consulting
Learning Outcomes At the end of this course participants will be able to:
• Describe how derivatives trades are processed
• Discuss the possible pricing sources for derivative instruments
• Highlight the challenges in valuing derivatives
• Outline best practice in relation to valuing OTC instruments
• Identify how derivative instruments are measured at a balance sheet date under US GAAP and under IFRS
• Allocate various instruments to levels within the fair value hierarchy
• Discuss the disclosure requirements under US GAAP and under IFRS in relation to derivatives
Further Enquiries Louise Ryan
e: louise.ryan@ibec.ie
t: 01 605 1546
Course Content This course outlines how derivative trades are processed, positions are priced, valuations are produced and financial reports are completed. It covers futures, options and interest rate swaps and addresses fair value measurement and disclosure challenges under US GAAP and IFRS.

Who should attend?
Fund accounting, financial reporting and auditing teams who need a greater understanding of how derivatives are accounted for. Participants should be familiar with basic derivatives and fund accounting.

Enrolment and Start Dates Comment Dates: Spring 2013
Please email louise.ryan@ibec. ie to register your interest.
Subjects Taught • Derivatives trading
• Exchange-traded instruments
• Over-The-Counter instruments
• Collateral
• Trade processing
• Pricing policy
• Pricing sources
• Valuation
• Fair Value Measurement under US GAAP and IFRS
• Fair Value Hierarchy
• Disclosures
Course Fee Non Members Fee: €600
Network Members Fee: €480
Course Web Page: 
http://www.summitfinuasnetwork.com/Funds-Courses/accounting-for-derivatives-under-ifrs-and-us-gaap.aspx
Available to Job Seekers: 
Yes
Certified: 
No

Derivatives

Network: 
Summit Finuas Network
Trainer Quickstep Consulting
Learning Outcomes At the end of this course, in relation to futures, options, CFDs and swaps, participants will be able to;
• Describe the different types of contract
• Explain how derivatives trading takes place
• Explain how fund managers use different types of derivatives
• Calculate income, gains & losses on derivatives trading
• Describe the potential benefits and risks associated with trading different types of derivatives,
Further Enquiries Louise Ryan
e: louise.ryan@ibec.ie
t: 01 605 1546
Course Content Who Should Attend?
Staff with little or no experience of derivatives.
Enrolment and Start Dates Comment Spring 2013
Please email louise.ryan@ibec.ie to register your interest.
Subjects Taught Futures
• Background
• Contract types
• Trading
• Margin
• Gains & losses
• Uses, benefits & risks

Options
• Terminology
• Exchange-traded options
• Over-The-Counter (OTC) instruments
• Premium, gains & losses
• Strategies, benefits & risks

Contracts for difference (CFD’s)
• Types
• Trading
• Benefits & risks

Interest rate swaps
• Flows
• Uses
• Benefits & risks

Overview of total return swaps and currency swaps

Course Web Page: 
http://www.summitfinuasnetwork.com/Funds-Courses/derivatives.aspx
Available to Job Seekers: 
Yes
Certified: 
No

UCITS Compliance

Network: 
Summit Finuas Network
Trainer Quickstep Consulting
Learning Outcomes At the end of this course participants will be able to;
• Describe the UCITS product
• Outline the key requirements and contents of the prospectus
• Describe the responsibilities of the investment manager, administrator, fund directors and trustee in relation to compliance
• Distinguish between eligible and ineligible assets
• Identify permitted financial derivative instruments
• Describe and apply the UCITS rules on investment restrictions and risk spreading
• Calculate global exposure, position exposure and counter-party risk exposure
• Apply the UCITS exposure limits
• Discuss the required contents of the risk management process document
• Outline on-going UCITS reporting requirements
• Discuss current regulatory and market developments affecting UCITS hedge funds.
Further Enquiries Louise Ryan
e: louise.ryan@ibec.ie
t: 01 605 1546
Course Content Who should attend?
Experienced compliance professionals working with fund administrators, managers and trustees who require a greater understanding of the UCITS (Undertakings for Collective Investment in Transferable Securities) Regulations and how they should be applied in practice. Fund professionals who require a greater understanding of the UCITS Regulations.
Enrolment and Start Dates Comment Spring 2013
Subjects Taught The UCITS Product
• Development
• Structure and types
• Market

Roles and responsibilities
• The investment manager
• The administrator
• The fund/investment company directors
• The trustee

General requirements
• Liquidity
• Eligible assets & investment restrictions
• Risk spreading rules

Financial derivative instruments
• Permitted FDI
• Commitment approach

Value at Risk (VaR) approach
• General principles
• Quantitative and qualitative requirements
• Additional safeguards and disclosures
• OTC counter-party risk exposure
• Position exposure
• Cover rules
• Risk management process

Reporting
• UCITS IV
• Developments

Course Web Page: 
http://www.summitfinuasnetwork.com/courses/ucits-compliance/
Available to Job Seekers: 
Yes
Certified: 
No

Money Market Funds

Network: 
Summit Finuas Network
Location of Course IFSC, Dublin 1
Trainer Quickstep Consulting
Learning Outcomes At the end of this course participants will be able to
• Describe the key features of money market funds and how they differ from other fund types
• Describe the main instruments used by money market funds
• Calculate fund yields, WAM & WAL
• Describe the amortised cost basis of valuation
• Explain how money market funds are priced
• Discuss the methodology behind money market fund ratings
• Describe the ESMA definitions of money market funds and short term money market funds
• Outline UCITS rules regarding money market funds
• Describe the essentials of Rule 2a-7
• Outline briefly some key recommendations from the IMMFA Code of Practice.
Further Enquiries Louise Ryan
e: louise.ryan@ibec.ie
t: 01 605 1546
Course Content Who Should Attend?
Staff with some funds experience but with little or no experience of money market funds.
Enrolment and Start Dates Comment Spring 2013- Please email louise.ryan@ibec.ie to register your interest.
Subjects Taught Course Content
• Money market funds and other mutual funds
• Types & characteristics
• Instruments
- Overview
- Commercial paper
- Asset-backed commercial paper
- Certificates of deposit
- Repurchase agreements
- Floating rate notes
- Variable demand obligations
- Government securities
- Government agency securities
- Time and call deposits
• Constant NAV and Variable NAV funds
• Yield calculation
• Weighted average maturity (WAM)
• Weighted average life (WAL)
• Amortised Cost Net Asset Valuation (NAV) calculation
• Pricing and the marked-to-market NAV calculation
• Money market fund ratings
• Money market fund regulation
- European Securities and Markets Authority (ESMA) definitions
- UCITS rules
- Rule 2a-7
• Institutional Money Market Fund Association (IMMFA) Code of Practice.
Course Web Page: 
http://www.summitfinuasnetwork.com/Funds-Courses/money-markets-funds.aspx
Available to Job Seekers: 
Yes
Certified: 
No

Graduate Certificate in Sustainable Energy Finance

Network: 
Summit Finuas Network
Trainer Dublin City University (DCU)
Methods of Assessment Assessment is a mixture of continuous assessment, action learning, presentations and exams.
Learning Outcomes Students on this programme will:
• develop a general understanding of sustainability principles and practices and the fundamentals of climate change
• understand the global market dynamics in green products and services and the business opportunities that they present
• access current information developments in environmental policy and trends
• explore techniques and models of asset management, funds servicing, carbon trading, project financing and insurance associated with green finance
• explore corporate responses to climate change and finance solutions for sustainability projects
• interact with other professionals working in the area of sustainability and finance
Further Enquiries Louise Ryan
e: louise.ryan@ibec.ie
t: 01 605 1546
Entry Requirements Applicants should hold a minimum of a second class honours, grade two primary degree (Level 8) in a cognate discipline or equivalent professional qualification.

Consideration will be given to applicants on the basis of their work experience (with a minimum requirement of three years relevant experience) and / or other relevant professional and/or educational achievements.

Careers or Further Progression Progression from the Graduate Certificate in Sustainable Energy Finance:
Participants who complete the Graduate Certificate and later wish to undertake the MSc in Sustainable Energy Finance will be required to complete the following two requisite modules in the first year of the MSc before entry into the second year, (i) ‘Management for Sustainability’ and (ii) ‘Finance and Derivatives’. In the second year, participants will complete five modules and a dissertation. They will be exempt from the ‘Legal Issues for Sustainability’ module.
Course Content The Graduate Certificate in Sustainable Energy Finance is a one-year part-time programme leading to an award which is gaining increasing recognition across the sector.

The objective of the programme is to provide a broad and comprehensive overview of sustainable energy finance to support new business streams within investment banks, professional firms working in the broader green economy and companies which are developing renewable products and technologies.

The programme prepares participants for advanced management and leadership in all areas of sustainable energy finance by enhancing the depth and breadth of their knowledge of the sustainability environment and by enabling them to critically evaluate processes and programmes within this context.

Furthermore, the programme equips participants with a relevant range of analytical, technical and methodological skills. This will enable them to generate successful solutions to the opportunities and challenges that present themselves in the wider sustainable energy finance context.

Programme Structure
The programme is delivered on a part-time modular basis with attendance at Dublin City University on two-day blocks (Fridays and Saturdays, generally once a month) ensuring minimal disruption to work schedules while also respecting the personal time of participants.

The programme has six taught modules. Assessment is a mixture of continuous assessment, action learning, presentations and exams.

The programme incorporates a high level of input from senior executives from the IFSC. Students complete a practical project in the area of sustainable energy finance, directly related to their current role where appropriate.

The integration of high quality academic rigour and practical industry application is a unique feature of the learning approach, allowing both the individual student and host companies to benefit from the programme.

Enrolment and Start Dates Comment Summer 2013 - for further information on the application process, please contact Louise Ryan at louise.ryan@ibec.ie
Subjects Taught Semester 1
• Climate Change, Sustainability and Policy
• Climate Change and Markets
• Finance for Sustainability

Semester 2
• Accounting and Taxation for Sustainability
• Legal Issues for Sustainability
• Sustainable Energy Finance Project

Duration 1 Year Part time
Course Fee €4,500 for non members
€2,800 for network members
Course Web Page: 
http://www.summitfinuasnetwork.com/green-enterprise/graduate-certificate-in-sustainable-energy-finance.aspx
Available to Job Seekers: 
No
Certified: 
Yes

Sustainable Energy Finance

Network: 
Summit Finuas Network
Location of Course DCU Campus
Trainer Dublin City University (DCU)
Methods of Assessment Assessment is a mixture of continuous assessment, action learning, presentations and exams.
Learning Outcomes Programme participants will:
• develop a general understanding of sustainability principles and practices and the fundamentals of climate change
• understand the global market dynamics in green products and services and the business opportunities that they present
• access current information developments in environmental policy and trends
• explore techniques and models of asset management, funds servicing, carbon trading, project financing and insurance associated with green finance
• explore corporate responses to climate change and finance solutions for sustainability projects
• understand renewables markets and technologies
• develop a range of technical, analytic and quantitative skills for application to problems and challenges in green finance
• explore the structure and dynamics of environmental markets
• explore the use of derivative instruments in carbon trading and weather and catastrophe risk management.
• interact with other professionals working in the area of sustainability and finance.
Further Enquiries Louise Ryan
e: louise.ryan@ibec.ie
t: 01 605 1546
Entry Requirements Applicants should hold a minimum of a second class honours, grade two primary degree (Level 8) in a cognate discipline or equivalent professional qualification.

Consideration will be given to applicants on the basis of their work experience (with a minimum requirement of three years relevant experience) and / or other relevant professional and/or educational achievements.

Careers or Further Progression Progression from the Graduate Certificate in Sustainable Energy Finance
Participants who have completed the Graduate Certificate in Sustainable Energy Finance and later wish to undertake the MSc programme will be required to complete the ‘Management for Sustainability’ and ‘Finance and Derivatives’ modules in the first year. In the second year, participants will complete all modules with the exception of the ‘Legal Issues for Sustainability’ module, for which an exemption will apply from the Graduate Certificate.
Course Content The MSc in Sustainable Energy Finance is a two-year part-time programme leading to an award which is gaining increasing recognition across the sector.

The objective of the programme is to provide a broad and comprehensive overview of sustainable energy finance to support new business streams within investment banks, professional firms working in the broader green economy and companies which are developing renewable products and technologies.

Programme Structure
The MSc programme is delivered on a part-time modular basis with attendance at Dublin City University on two-day blocks (Fridays and Saturdays, generally once a month) ensuring minimal disruption to work schedules while also respecting the personal time of participants.

The programme has twelve taught modules and a dissertation.

Year 1 incorporates a high level of input from senior executives from the IFSC. In Year 2 participants benefit from leading academic and industry contributors, bringing further research depth and academic rigour to the course. A significant dissertation will be undertaken on a supervised basis, allowing students to build up expertise in a practitioner-relevant topic of academic or industry focus.

In exceptional circumstances, the programme will facilitate participants deciding to exit early with a Graduate Certificate (30 credits - level 9 NFQ) or Graduate Diploma (60 credits - level 9 NFQ).

Enrolment and Start Dates Comment Summer 2013 - For furhter information, please contact Louise Ryan at louise.ryan@ibec.ie
Subjects Taught Year 1 – 30 Credits
Semester 1
• Climate Change, Sustainability and Policy
• Climate Change and Markets
• Finance for Sustainability

Semester 2
• Accounting and Taxation for Sustainability
• Management for Sustainability
• Finance and Derivatives

Year 2 – 30 Credits
Semester 1
• Renewable Energy: Technology and Economics
• Applied Econometrics for Sustainable Energy Markets
• Investment and Project Appraisal

Semester 2
• Carbon Markets
• Derivatives and Insurance for Climate Change
• Legal Issues for Sustainability

Year 2 – 30 Credits
• Dissertation

Duration 2 Years part time.
Course Fee €14,500 for non network members
€9,500 for network members
Course Web Page: 
http://www.summitfinuasnetwork.com/green-enterprise/msc-in-sustainable-energy-finance-1.aspx
Available to Job Seekers: 
No
Certified: 
Yes

Professional Diploma in Governance & Risk

Network: 
Summit Finuas Network
Trainer Institute of Bankers School of Professional Finance
Methods of Assessment Assessment
Candidates are assessed by a combination of closed-book examinations and continuous assessment, based on assignments and case studies.
Learning Outcomes Upon successful completion of this programme candidates will be able to:
• Critically appraise the theory and practice of corporate governance in the risk management context.
• Explain and discuss the importance of an integrated management information system in managing an institution’s risk appetite
• Ascertain the tradeoffs between a financial institution’s risk appetite and its profitability and stakeholder value maximisation
• Formulate policies to ensure that an institution’s integrated risk management system is consistent with its risk appetite
• Analyse and interpret data from an institution’s internal models and information systems in order to prepare reports to communicate effectively with key external stakeholders (e.g. Financial Regulator, external auditors, shareholders, government)
• Appraise current risk exposures and compare risk exposures with organisational policies on the institution’s risk appetite
• Evaluate management reports to ensure that they are compliant with an institution’s risk appetite
• Explain and effectively communicate (both orally and in writing) the strategic aspects of their institution’s risk management processes and risk appetite to management and external stakeholders , including the Central Bank and Financial Regulator, external auditors, shareholders and Government.
Further Enquiries Louise Ryan
e: louise.ryan@ibec.ie
t: 01 605 1546
Entry Requirements As this is a postgraduate programme the normal entry requirement is an honours degree in business or a related discipline.

In addition, those who do not hold a primary degree but have exceptional experience at mid to senior management level, are also eligible to apply.

Course Content The Professional Diploma in Governance and Risk is designed to meet the needs of individuals who have a direct interest in the strategic management of risk in a financial institution. The programme adopts an enterprise integrated risk management (ERM) perspective and is fundamental to those charged with the management of a financial institution’s “risk appetite” and the alignment of risk appetite with the institution’s strategic planning process.

The Central Bank of Ireland has recently published the Corporate Governance Code for Credit Institutions and Insurance Undertakings 2010. A central issue in this Code are governance considerations associated with the management of an institutions “risk appetite”. In this context the members of a Board are required to understand the risks to which an institution is exposed and is required to establish a documented risk appetite. This appetite shall be expressed in qualitative terms and shall also include quantitative metrics to allow performance and compliance tracking with agreed strategy. In addition it is required that the risk management framework, information systems and internal controls within a financial institution reflect the risk appetite. The Central Bank emphasises that the governance and management of risk must be seen to cascade down through all key operating divisions, including subsidiary boards and key management committees. The Professional Diploma in Governance and Risk is specifically designed to address these issues.

The programme is designed to enhance the skills and experience of participants and to create a learning forum within which challenges can be explored, and wisdom and insights dissected and shared.

Who should undertake this programme?
The Professional Diploma in Governance is especially relevant to individuals operating at Board level and also to those employed at a mid to senior managerial charged with the management of an institution’s enterprise integrated risk management system or aspiring to such a role. It is also relevant to experienced people aspiring to Board level positions in financial institutions.

Programme Structure
The programme consists of a suite of four intensive modules. Each module is delivered over three consecutive days. Two modules will be delivered in Semester 1 and the remaining two modules delivered in semester 2. Lectures take place in the Institute of Bankers School of Professional Finance’s Conference and Learning Centre, in the IFSC, Dublin 1

Enrolment and Start Dates Comment Autumn 2013
Comment Award
Those who successfully complete this programme are awarded the Professional Diploma in Governance and Risk by UCD. This is a level 9 qualification on the National Framework of Qualifications and carries 20 ECTS credits.
Course Fee €5600 - Non Network Members Fee
€3920 - Network Members Fee
Course Web Page: 
http://www.summitfinuasnetwork.com/courses/professional-diploma-in-governance-and-risk/
Available to Job Seekers: 
No
Certified: 
Yes
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