Finance & Accounts

FA 18 Financial Sector Regulatory Compliance

Financial Sector Regulatory Compliance

Lift Compliance in Your Financial Institution to an International Level

Accredited by: LONDON INSTITUTE OF SKILLS DEVELOPMENT SIGNATURE PROGRAMME

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
Subject:Finance
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