Course description
Compliance has rapidly become mandatory when there are heavy punishments for financial crimes and heightened enforcement of organizational functions. The role of the compliance analyst cannot be overemphasized; it has become more important in mitigating foreseen and unforeseen risks in the tightening supervisory and regulatory environment with huge and subject to criminal and civil liability for non-compliance.
This Rcademy course will focus on international standards recommended in creating a compliance framework to strengthen any organization’s existing compliance culture. With the knowledge acquired in this course, the participants will gain hands-on and practical experience to enhance their organization’s compliance culture through better procedures and policies.
By taking this course, participants will gain the necessary practical experience to identify and successfully mitigate risk, which is an important function in any organization to create a better compliance framework. Trainees will also gain the experience to identify the common indicators of market misconduct and fraud and learn the necessary risk mitigation procedures in an organization. With this knowledge and skills, participants will gain a better competitive advantage over their peers and therefore be placed at a better place to be marketable to the complex working environment.
Upcoming start dates
Suitability - Who should attend?
Who Should Attend?
The Compliance Analyst Certification Course by Rcademy is ideal for:
- Directors
- Compliance managers
- Company secretaries
- Compliance officers
- Senior management
- Corporate governance officers
- Anti-money laundering officers and their relevant deputies
Outcome / Qualification etc.
Upon completing The Compliance Analyst Certification Course by Rcademy, participants will be able:
- Develop the essential compliance framework and concepts
- Identify and discuss emerging compliance issues and global trends
- Understand the importance of developing a good compliance culture in an organization
- Understand the role of corporate governance in implementing a compliance framework
- Learn how to develop compliance policies and how they are implemented
- Gain practical skills that can be used to solve real-life problems
- Understand how to produce a corporate compliance program that serves the needs of an organization
- Learn how to evaluate the risk consequences of non-compliance
- Learn how to optimize the organizational structure for compliance
- Appreciate the relationship between compliance and market expectation
- Understand what drives compliance both local and internationally
Training Course Content
The topics below are required for this course to be considered completed and to become a certified compliance analyst.
Module 1: Introduction to Compliance
- Compliance as a necessary measure
- The regulatory scenario and its importance
- Why is compliance important
- The relationship between compliance and risk
- The History of Compliance
- Compliance definition within an industrial setting
- The risks of non-compliance
- Audits
- Compliance Commitment
Module 2: Management System in Compliance
- Introduction to the compliance management system (CMS)
- Personnel that are responsible for CMS
- Important elements of a CMS
- Audit
- Compliance program
- Oversight by the board of director
- Monitoring and evaluation
- The backbone of the CMS
Module 3: Compliance and Ethics
- Similarity and differences in compliance and ethics
- The role of compliance and ethics in any organization
- The key components of compliance and ethics
- Encouraging a culture of compliance and ethics
- Importance of compliance and ethics
- Compliance with strong ethics
- Compliance and ethics program
Module 4: Types of Risk Management
- Market
- Longevity
- Interest rate
- Opportunity
- Sequence of returns
- Tax
- Inflation
Module 5: Elements of Effective Compliance
- Enforcement of standards and best practices through well-publicized disciplinary guidelines
- Effective training and education for the members
- Written procedures and policies
- A fast and effective response to already identified compliance issues
- Better communication methods
- Effective monitoring and auditing
Module 6: Audits and Compliance
- Compliance audit procedure
- Five steps for compliance
- Sample audit checklist
- Benefits of compliance auditing
- Types of audits
- Channel compliance controls
- Reviewing the state of payment card compliance
Module 7: Compliance Risk Management Process
- Identification of the risks
- Risk assessment
- Treatment of Risk
- Response strategies
- Creating a treatment plan
- Reporting and monitoring
Module 8: Issues in Compliance
- Employee behavior
- Corruption
- Environmental impact
- Processes
- Quality of compliance
- Social responsibility
- Data management
- Workplace health and safety
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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...