Course Description
Compliance is an all-encompassing function of a bank, and is related to every business and support activity. This programme is designed to keep the Compliance Officers (COs), Internal Control Officers (ICOs) and Money Laundering Reporting Officers (MLROs) abreast of their responsibilities, duties, limits, and liabilities and to update them on new changes in regulation. The programme also introduces the compliance officer to the various compliance requirements both from the external regulatory and internal policy requirements.
Course Objectives
- Defining regulations
- Discussing regulatory objectives in the context of the changing nature of banking regulations
- Mapping compliance with regulatory objectives
- Describing the roles and responsibilities of the compliance officer
- Explaining the risks associated with non-compliance
- Interpreting international compliance and reporting requirements domestically
Who Should Attend?
- Money laundering reporting and prevention officers and their deputies
- Compliance officers and their deputies
- Internal audit and regulatory staff
- Anyone seeking to acquire a detailed understanding of fundamental regulatory principles and how to assist businesses to comply with the regulatory environment
Course Details/Schedule
- Setting the scene of the changing banking landscape within the context of regulations
- Definition of regulations
- Development of regulations
- Factors that have contributed to change in regulations
- Why are compliance regulations necessary?
- Banking regulation principles
- Instruments and requirements of banking regulations
- Regulatory approaches
- International regulations and current trends
- Regulatory compliance issues
- Regulatory arbitrage
- Ring-fencing regulation
- Improving the effectiveness and reducing the cost of compliance programs
- Design and implementation of compliance process
- Access to information and personnel
- Regulatory readiness reviews
- Risk and control assessments
- Systematic risk measurement
- Intervention and resolution arrangements
- Head of Compliance Team : roles and responsibilities
- Required certificates
- Roles and responsibilities of a compliance officer
- Required personal and interpersonal skills
- Regulatory change management
- Dealing with conflicts of interest
- An overall assessment of rule-based regulation
- Monitoring and supervision by regulatory agencies: need for change in approach
- Seeing the bigger picture: improving bank crisis management
- Thinking globally: regulatory strategy going forward
- Bank Compliance Checklists: current areas of focus
