Course description
Given that laws are dynamic and modern-day practices evolve from one form to another, it is important for compliance professionals and persons interested in Regulatory Compliance, in general, to be conversant with the latest Regulatory Compliance practices and skills. Furthermore, as a general principle, failure to adhere to Regulatory Compliance would expose an organization to risks, potential lawsuits, financial penalties, and other hazards.
What does regulatory compliance mean?
Regulatory compliance refers to laid down processes, procedures, and policies of a company that agrees and syncs with the laws, rules, regulations, requirements, and guidelines stipulated by lawmakers in the jurisdiction where a company or organization carries out its operations.
Upcoming start dates
Suitability - Who should attend?
Who should attend?
The Advanced Certification in Regulatory Compliance Training Course by Rcademy is suitable for several people, especially those whose key responsibilities are to ensure constant compliance by their organization, perform managerial functions, and be responsible for the administration of an organization. In addition, the course is ideal for the following set of personnel:
- Compliance, anti-money laundering, and financial crime officers are responsible for the organization’s constant adherence to a jurisdiction’s rules and regulations about its operating activities.
- Internal and external auditors are responsible for monitoring and assessing the organization’s funds and ensuring compliance with conventional Regulatory Compliance rules
- Personnel of insurance companies that engage in sales, underwriting, claims, accounting, and customer service
- Managers responsible for the formation of risk compliance strategies, policies, assessments, documentation, monitoring, and reporting
- Company secretaries are responsible for ensuring the organization’s compliance with regulations and corporate governance
- Employees responsible for carrying out managerial responsibilities, and compliance responsibilities for an organization
- Lawyers who are responsible for providing advisory services to financial institutions
- Portfolio managers, fund managers, and securities dealers responsible for the management and compliance of customers’ funds and portfolios with standard regulations
- Any other personnel interested in a better understanding of compliance and the globally recognized qualification it confers
Outcome / Qualification etc.
The Advanced Certification in Regulatory Compliance Training Course by Rcademy aims to achieve the following objectives so that at the end of the training, participants will be able to:
- Learn well-developed skill sets and qualities that would enable them to provide great advisory services and create awareness of the need for compliance
- Understand the concept of Regulatory Compliance by all employees and staff of a company or an organization
- Discover the ability to decipher potential areas of risks or vulnerability and develop strategies to combat or prevent it
- Understand the fundamentals of Regulatory Compliance and provide participants with necessary skills in specific compliance areas such as advisory, monitoring, or financial crime
- Develop the abilities required to employ data as a strategic asset and manage it for the benefit of the company or organization
- Develop the ability to identify products and services in the financial industry and their accompanying risks
Training Course Content
Module 1: Introduction to Regulatory Compliance
- Definition
- Importance and Purpose of Regulatory Compliance
- Regulated environment
- Objectives
- Factors responsible for the regulation
- Importance of consumer and investor protection
- Role of Regulators in the Markets of Stakeholders
- Structures of regulation
- Approaches to regulation
- Strategies employed by regulators
- Laws and regulatory frameworks governing Regulatory Compliance
- International regulation
- Compliance-related practices
- Products and services in the financial sector
- Retail banking
- Corporate banking
- Investment banking
- Asset management and insurance
- Private banking
Module 2: Identification and Report of Regulatory Compliance Risk
- Risks faced by financial institutions
- Types of risk reporting
- Risk management
- Risk management assessment
- Identification of financial crime
- Money laundering
- Terrorist financing
- Proliferation financing
- Management of the risks of financial crime
- Significance of financial crimes assessment
- Identification of money laundering processes and vulnerabilities
Module 3: Managing Compliance in Practice
- Management of regulatory issues and enforcement action
- Prudential regulation
- Corporate Governance
- Creation and benefits of compliance culture
- Ethical Culture
- Compliance training
- Advisory services to business units on Regulatory compliance matters
Module 4: Specialist Routes
- Compliance advisory
- Policy implementation and revision
- Compliance monitoring
- Monitoring and surveillance
- Financial Crime Compliance
- Policy implementation and revision
- Customer check and onboarding
Module 5: Leveraging Data for Business Purposes
- Meaning of data and its value
- Methodologies and Techniques in data mining and Analysis
- Data modeling
- Data storytelling
Module 6: Compliance Policy
- Scope of compliance policy
- Task Determination policy
- Tasks of the Board of Directors
- Tasks of the compliance committee
- Tasks of the organization’s staff
- Responsibilities of the executive management team
- Qualifications of the compliance department
- Communication with regulatory bodies
- Compliance monitoring and examination process
- Monitoring of simple requests
- Monitoring of periodic reports to regulators
- Role of Compliance in work procedures and advisory services
- Case studies
Module 7: The Compliance Functions
- Structure of Compliance
- The Role of compliance personnel
- Board of directors
- Supervisors
- Internal and external auditors
- Compliance officer
- Compliance Activities and Processes
- Compliance training
- Compliance with laws and regulations
- Compliance and corporate governance
Module 8: Establishment of an Effective Compliance Function
- Factors to be considered in designing a compliance system
- Developing an internal compliance system
- Compliance Manual
- Record keeping of compliance reports
- Implementation and communication of internal compliance arrangement
Module 9: Compliance Success Factors
- Management of ISO compliance
- Design a compliance process using a regulatory authority
- Implementation of a compliance program
- Compliance failures
- Causes
- Results
Module 10: Procedures for Carrying out a Compliance Cost Assessment
- Assessment of the regulatory scope
- Identification of data sources and strategies
- Selection of methodological approaches
- Process analysis
- Calculation of estimate of each type of compliance cost
- Sensitivity analysis
- Presentation and publishing of results
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Rcademy
Rcademy is a global training and consultation organisation set out to bridge the gap between you now and what you can be in the near future. We are facilitators of knowledge impartation. Our team of established and experienced training enthusiasts...