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Filed under: Hedge Fund / Alternative Investment Management, Operational Risk, Traditional Investment Management, Training, business continuity, buy-side, CIPM, hedge fund, investment management, operational risk, operations, performance, training
[...] This post was mentioned on Twitter by Joanne Kula, Bud Haslett, CFA. Bud Haslett, CFA said: is reviewing Operational Risk #3-Inadequate Training or Cross-Training #risk #cfa #investing http://lnkd.in/Ke3P4F [...]
In my experience, this is incredibly pertinent and right on. It’s amazing how a money manager can, on one hand, be so adept at navigating macroeconomic twists and turns in the global securities markets, yet be so obstinate about the micro climate of their own offices on the other.
As a Learning and Professional Development Specialist within the Financial Services environment (Buy Side, Sell Side and related service providers), I have come to the same conclusions. I have been an advocate that buy side firms need to have a solid grasp on competencies required for each role, a succession management plan, and adequate cross training (analyzed via a Training Needs Analysis). I believe it would be interesting to learn how many buy side firms actually have a formal process for each of the above- a study like that would go hand in hand with the article above.
[...] an earlier article, Operational Risk #3: Novices, Apprentices and Soloists—Inadequate Training or Cross-Training, we alluded to systems access capabilities. Many well-designed buy-side applications allow an [...]
[...] in the new product launch process, which we have previously mentioned in connection with training (Operational Risk #3) and workflow documentation (Operational Risk #6). Inaugurating a new investment strategy or [...]