Course description
Who is a Regulatory Compliance Manager? This is the personnel saddled with the responsibility of ensuring that an organization stays on track regarding legal, ethical, and financial compliance. A regulatory compliance manager is expected to be well trained and groomed to deliver professional compliance services, which is one of the aims of Rcademy in providing this certification course in regulatory compliance.
What do regulatory affairs managers do?
Regulatory Affairs Managers supervise the necessary regulation procedures for getting government approval on products starting from filing important applications and ensuring that all government dealings are successful.
Upcoming start dates
Suitability - Who should attend?
Who should attend?
New and updated compliance requirements are issued regularly in today’s complicated financial services market. Understanding what it takes to comply with regulatory requirements is difficult but vital to an organization’s success. The course is relevant to a wide range of professionals but with a special focus on the following category of people:
- Compliance managers and their assistantswho closely monitor and track the compliance and regulatory environment of the organization
- Managersaccountable for internal compliance controls and other regulatory issues within the organization
- Specialistsin legal, audit, risk, operations, and information technology continuously carry out operations that can border on compliance and regulation
- Risk managersare responsible for identifying potential threats and risks while creating a risk management plan
- Personnelassigned to risk-related functions to oversee the implementation of risk mitigation actions
- Accountantswho manage the financial status of the organization, including the payment of all statutory fees
- Internal & external auditorswho check the accounts and financial statements of an organization to ensure compliance
- Officersin charge of anti-money laundering and other financial crime-related cases
- Regulatory representativeswho provide technical support in ensuring the organization is not off track in its operations
- Legal counselresponsible for compliance with all relevant local and international laws
- Any other individualwilling or aspiring to secure a role in the regulatory compliance sector
Outcome / Qualification etc.
At the end of The Certified Regulatory Compliance Manager (CRCM) Certification Course by Rcademy, the following objectives are expected to be achieved:
- Recognize the aims, objectives, significance, and roles of regulation and compliance
- Acquire a firm grasp of compliance concepts and how it operates in principle
- Recognize the notion of compliance and the measures necessary to mitigate the risk associated with it
- Possess the necessary abilities to achieve organizational compliance and its associated duties with assurance effectively
- Identify compliance risks and the dangers of non-compliance to limit the risk of compliance breaches successfully
- Create a comprehensive compliance manual that will build the needed framework for effective compliance
- Develop compliance programs to combat money laundering and ensure that corporate governance requirements are followed
- Establish a culture of compliance in the workplace and help protect the reputation of the organization
- Develop a working relationship between compliance and corporate governance
- Learn how to establish the most effective ways to assist managers and mitigate risk within the organization
Training Course Content
Module 1: Overview of Regulatory Environment
- Introduction to the regulatory environment – Objectives of regulation – Local and international regulation
- Role of regulator
- Principles and Practices of Regulation
- Compliance management systems
Module 2: Functions of Compliance
- Importance of compliance – Definition
- Compliance structure – Board of directors – Supervisors – Auditors
- Compliance activities and processes
- Compliance and corporate governance
- Compliance laws
Module 3: Introduction to Risk
- Overview of risk in corporate governance – Definition and concept
- Risk and uncertainty
- Risk in the corporate environment
- Risk response
- Risk acceptance
- Risk avoidance
- Risk transfer
- Risk mitigation
- Threats and vulnerabilities
Module 4: Risk Management
- Overview of risk management approach
- Establishing a risk management approach
- Corporate governance, risk, and compliance
- Creating internal controls
- Risk assessment
- Compliance culture
Module 5: Building Compliance Functional System
- Designing a comprehensive compliance system
- Internal compliance system – Implementing internal compliance
- Compliance Manual – Policies – Procedures
- Compliance monitoring program
- Compliance record keeping
- Compliance reports
Module 6: Compliance Framework
- Integrated compliance framework
- Control environment
- Control activities
- Information and communication
- Financial Reporting
- Components of enterprise risk management
- Monitoring
Module 7: Managing Risk of Money Laundering
- Overview of money-laundering offenses – Money laundering-related offenses – Role of a compliance officer – Methods of execution of the role
- Money laundering detection
- Money laundering reportage
- Fraud prevention
- Bribery and corruption – Insider trading – Abuse of market functions
Module 8: Money Laundering and Terrorism Financing
- Terrorist financing
- Sources of funds
- Money laundering and terrorism financing – Difference between money laundering and terrorism financing – Consequences of money laundering actions
- Internal control measures
- Alert indicators for money laundering activities
Module 9: Local and International Sanctions
- Introduction to sanctions – Non-compliance sanctions – Importance of avoiding sanctions
- High risk – Countries – Institutions
- Sanction implementation methods and processes
- Local sanctions
- International Sanctions – Regional sanctions – United Nations
Module 10: Regulatory Compliance Management
- Understanding compliance management
- Regulatory bodies – Compliance with regulatory bodies’ requirements – Compliance with internal regulations
- Organizational structure – Integration of compliance with the operation
- Compliance process
- Implementation
- Evaluation
- Monitoring
- Issuing regulatory compliance reports
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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...