CFA Society Melbourne | March 2016 Issue
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UPCOMING EVENTS Financial Services Forum | Reimagine the Future Hosted by Actuaries Institute
APAC Society Leadership Conference - Seoul, Korea 2016 By Desmond Goh & Benjamin Listokin
Keynote Speaker: Alisa Camplin Reimagine a world without Google, Facebook, iPhones… The emergence of “disruptors” in recent years across the consumer landscape has changed our operating environment. Consumers and corporations alike are now more savvy and empowered with an increasing amount of information and choices. Businesses must evolve to remain competitive and so must actuaries. How will disruptors impact the actuarial profession? How do you reimagine your career in this future world? Where are the opportunities? Facilitated by Virginia Trioli, the Forum offers you the opportunity to: · hear from Keynote Speaker Alisa Camplin and our other high-profile speakers; · choose from five plenary sessions and 56 concurrent sessions;
In February the CFA Institute held its annual Society Leadership Conference (SLC) in Seoul, South Korea. CFA Society Melbourne sent 2 of its board members, Desmond Goh and Ben Listokin, to join more than 120 other delegates from around the Asia Pacific region. The conference theme was Leadership Excellence, with sessions focused on enhancing society governance as well as showcasing tools available to help local societies deliver more value to their members. Among these presentations was an introduction to Member Nation, an integrated society platform with strong analytics capabilities used to help better understand our members and benchmark against other global CFA societies. Also featured at the SLC was the launch of the Asia Research Exchange (ARX), an interactive platform for participants to share expertise and insight, learn about subjects of interest, and engage others. The SLC wrapped up with the unveiling of the CFA Institute’s new global brand campaign ‘A difference that matters’ which is currently being rolled out globally. The 2 aims of the campaign are to create awareness and understanding of CFA Institute as the leading global advocate for the advancement of the investment profession and also to get investment firms and investors to demand professionals with the highest levels of competences, embodied in the CFA designation.
Global Investment Performance Standards | Invitation to Comment The exposure draft for the Guidance Statement on Broadly Distributed Pool Funds is now available on the GIPS website for public comment, until 29 April 2016.
· gain in-depth insights and analysis; · build relationships with actuarial professionals and leaders; plus · catch up with old colleagues and make new friends at the Cocktail Party. Date: Monday 16 - Tuesday 17 May 2016 Register before 22 April 2016 to receive the Early Bird special Click here for more details
RESEARCH CHALLENGE 2016 This year, the regional
competitions will be held with the global final, in Chicago, USA, for the week starting from 11 April 2016. Hosted by the CFA Institute, the winner from each local competition advances to one of the three regional competitions. The winner from each regional competition will advance to the global final Click here for more details
JOB SEARCH AND ADVERTISEMENT Visit JobLine for hundreds of Australian jobs. Australian employers can post job openings free of charge. Are you looking for a new job opportunity? Send us your details and we'll feature your profile in the newsletter for employers to contact you directly. Or if you prefer, we can keep your profile anonymous and connect you to any interested potential employers.
Funding Grants for Women in All Sectors CFA Society of Melbourne is committed to supporting the career development and professional excellence of its
A recording of the webinar held in January introducing this new guidance is now available on the GIPS website. Another webinar is scheduled for March this year. Members and other industry participants who work closely with pooled funds are encouraged to review this exposure draft and submit comments, view the January and March webinars.
Job Opportunities
Great opportunities exist for the right candidates to work for Mercer, a global leader in talent, health, retirement and investments. Investment Risk Analyst Mercer | Melbourne If you take pride in providing high quality support, and have a minimum 3 years’ experience gained in a multi-manager, superannuation fund or asset consulting organisation, then this could be the job for you! Responsibilities
Provide investment analysis at the portfolio level and attribution between asset allocation and manager selection Contribute to the management of internal information systems used by the investment team, with particular focus on performance and risk management monitoring Provide support to internal and external groups with market and portfolio position reporting information which is required to enable regular client reporting Continue to evolve the process for and prepare risk analytics for multi-sector and sector funds Contribute to the management and application of the Floating Asset Allocation (FAA) process from a risk perspective
Analysis and production of performance data (including attribution) across Mercer’s product range as required, and the underlying investment manager performance, for internal and external purposes Click here for more details Senior Asset Allocation Analyst Mercer | Melbourne You will provide a high level of support to the Portfolio Management team in the management of the investment structure, with the ultimate goal of achieving competitive returns for portfolios across relevant time periods. Additionally, you will deliver a high level of analytical support for asset allocation work. Responsibilities:
Provide a high level of contribution to the management and application of the Floating Asset Allocation (FAA) process Collation and analysis of market data and portfolio position information, which is used in decision making and also for monthly and quarterly reporting. Respond to ad hoc queries as required Management of asset allocation systems and implementation of asset allocation changes, including liaising with the Operations function as required Monitoring and analysis of performance data across Mercer’s product range for internal and external purposes.
Click here for more details
members, as well as diversity in the workplace, and so would like to make members aware of a potential scholarship opportunity that may be of interest. However, CFA Society of Melbourne is not affiliated with, and has no opinion on, the content, format or outcomes of the Leadership Programs involved. In 2016 Women & Leadership Australia is administering a national initiative to support the development of female leaders across all industry sectors. From February 10th 2016 the initiative will provide women in all industry sectors with grants for leadership development. More specifically, grant applications are open to women employed in all sectors at two levels. Please click on the preferred program link for details. The deadline for expressing your interest for this funding in your sector ends on April 29th.
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Senior Management and Executive level Women Leaders can apply for $12,000 Individual Grants to undertake theAdvanced Leadership Program. Women Managers can apply for $5,000 Individual Grants to undertake theAccelerated Leadership Performance Program.
Expressions of Interest Should you wish to discuss the initiative in more detail please contact Ian Johnson at the office of the National Industry Scholarship Program, Australian School of Applied Management on 03 9270 9016 or
CFA Melbourne Advocacy Update Dear members,
It’s been a busy start on the advocacy front and I’m pleased to say we have continue to make progress in building our brand as a respected and sought out source of thought leadership within financial markets. A couple of the key initiatives we have completed recently are as follows:
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The formation of the Advocacy Council for Australia and New Zealand with the ultimate goal to improve the recognition and the value of the CFA charter. This will involve championing ethical behaviour in investment markets, set benchmarks and standards for good market integrity and establish credentials for professional excellence in financial services. I’m excited with what the council can achieve as its Members include industry experts with practical experience and have the ability to make a real difference to our community. With the ethical and moral hazard issues overhanging the financial planning industry, the local societies have come together and put a submission to the Treasury in relation to the Corporations Amendment Bill 2015 (relating to the Professional Standards of Financial Advisers). The two key recommendations in our submission are as follows:
Adopting Level 1 as the standard accreditation for all financial advisors. This seems logical given the rigorous ethical and technical requirements individuals need to master in order to successfully pass Level 1. Having an ethical framework and mindset when financial planners give advice can only be beneficial to clients. Appointing a CFA representative to the new Standards Body fulfilling the role of an ethics expert. Again this is sensible given we as a group champion ethical behaviour and are all committed to uphold our Code of Ethics and Standards of Professional Conduct. Having a voice on the Standards Body will ensure an ethically and morally correct viewpoint is considered when decisions are made.
There are a number of exciting initiatives we continue to be working on over the coming months which I look forward to giving you an update on as they come to fruition. Regards, Thomas Tam Advocacy Chair
CFA Candidate Education Update - CFA Review Course CFA Society Melbourne is offering a 2 day intensive overview course for the June Level I and Level II exams.
The course will be held over 2 Saturdays: 7 May and 14 May 2016. Each day is structured around 4 sessions, taught by a combination of CFA Charterholders and industry practitioners. Alternatively, if you would like to brush up on a particular topic, tailor your preparation by selecting an individual day. Location: Monash University, Lecture Theatre HB.39, Caulfield Campus. Cost: Early bird rate for the 2 days: $240. For 1 day: $130. Early bird rate expires 15 April 2016. To register for the early bird rate, click here.
[email protected]
December 2016 CFA Level I Exam Registration Registration for the December 2016 CFA Exam (Level I only) is now open.
Standard registration fee: USD 860 (ends 17 August 2016) Late registration fee: USD 1280 (ends 14 September 2016)
View the fee schedule and register now
Regular price:after price:after 15 April: 2 days is $350, 1 day is $190. To register after this date, click here. here Bonus: Free 1 year Candidate Membership of CFA Society Melbourne, normally $100, with every 2 day review course enrolment. Click here for more information and to view the Level I and Level IIcourse II program. For any queries related to the courses please contact
[email protected] melbourne.com.au. For any queries related to the CFA Program, please contact CFA Institute CFA Australia @CFASocietiesAus Join the Conversation on Emerging Markets at the 2016 Middle East # #Investment Conference in Bahrain cfa.is/1PXxZT9#MEIC16 MEIC16
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