Finance & Accounts

FA 18 Financial Sector Regulatory Compliance

Financial Sector Regulatory Compliance

Lift Compliance in Your Financial Institution to an International Level


Who should attend?

Managers and executives from financial sector organisations who wish to strengthen their compliance risk mitigation and want to effect a greater awareness of compliance within their organisation:

  • Risk managers
  • Decision makers in their organisation
  • New compliance officers
  • Internal auditors tasked with auditing the compliance function
  • Legal department managers & Treasury staff
  • Junior Managers, Fresh Graduates & Final Semester Students to acquire a promising career in a reputable organization.
Course Code:F/A.18
Course Fee:£385
Duration:3 Days

Learning Objectives

By the end of the course you should be able to:

  • Describe to role of the Chief Compliance Officer in regulatory compliance and risk management
  • Review your financial institution’s existing processes and procedures and make recommendations for changes to bring them to international standards
  • Establish policies and procedures for conflicts of interest management and application of internal controls
  • Improve internal reporting to the Regulator, Board and Senior Management
  • Identify, analyse and mitigate compliance risks

Course Content

Introduction to Regulatory Compliance and Compliance Risks

  • Short quiz exploring participant’s existing knowledge
  • Compliance as a concept – a vision of the essential part compliance plays in the financial services industry
  • Characteristics of good and bad regulatory compliance regimes

How The Shift from Shareholder to Stakeholder Value is Driving Strategy and Decision-Making

  • Value maximisation and stakeholder theory
  • The drivers of shareholder and stakeholder value
  • Linking decision-making to shareholder value – the long-term perspective
  • Ethical dimensions of decision-making

Role and Influence of International Standard-Setting Bodies, and their Supranational Standards

  • FATF (Financial Action Task Force)
  • BIS (Bank for International Settlements)
  • Financial Stability Board
  • British Standard 8453 – Compliance Framework for Regulated Financial Service Firms •  Central Banks / Regulators

Complying with External Regulations

  • Typical regulatory compliance requirements of a financial institution
  • Compliance risks; what are they and how can you mitigate them
  • Structure and activities of the compliance function to achieve regulatory requirements

Internal Compliance

  • The Chief Compliance officer – responsibilities, and attributes
  • Mapping your compliance universe
  • Developing a compliance culture in your organisation

Working with the Rest of the Internal and External Regulatory Compliance World

  • Compliance, Internal Audit and Risk Management Functions – compared, contrasted and cooperation
  • Operating entities
  • Working and communicating with the regulator
  • Reporting to the Board and Senior Management