What is Compliance?

• What is Compliance?
• Why is it important?
• What does Compliance actually do in a financial institution?

Corporate Governance and Ethics

• Why do financial institutions have to have strong corporate governance procedures?
• The essential elements of a robust corporate governance system
• The importance of corporate culture and high ethical standards
• How the Compliance Function assists Senior Management in creating the framework for ensuring strong corporate governance and high ethical standards

Conflicts of Interest

• What is meant by conflicts of interest?
• The types of conflict that typically arise within a financial institution at the corporate level
• Corporate Conflicts & Personal Conflicts:
• How to mitigate and control the associated risks
• The implementation and operation of Chinese walls within a banking environment
• The types of conflict that typically arise within a bank at the personal level
• How to mitigate and control the associated risks

Conduct of Business Rules

• Regulations imposed on financial institutions by the regulator.  Who is responsible to ensure Compliance?
• Commercial Banking vs Investment banking
• Safeguarding of client assets
• Market abuse and Insider dealing Treating Customers Fairly
• Financial Promotions
• Complaints
• Best Execution

Role of the Compliance Function – Senior Management Arrangements Systems & Controls

• The ‘Tone from the Top’
• Essential elements of an Effective Control Environment
• Organisational Structure
• Risk Management Framework
• Compliance as a key control unit
• Internal Audit
• Ensuring staff are fit and proper
• Outsourcing Risks
• Business Continuity

Role of the Compliance Function – Key Roles & Duties

• The key roles of the Compliance Function in managing compliance risk in the financial institution
  • Advising
  • Educating
  • Monitoring
• Regulatory themes relating to the role
• What personal attributes should a compliance officer possess?
• Compliance risk mapping and determination of key risk indicators
• How should Compliance function as a team to be at its most effective
• The Compliance Manual, Compliance registers and standard forms
• How best to get the business to understand its obligations in the compliance manual
• The importance of Compliance education
• How to structure an Education Plan
• Establishing and carrying out a compliance monitoring program
• What areas should be targeted?
• What is the involvement of the business lines in monitoring?
• Reporting of findings?
• Action taken as a result of findings

1 Hour Assessment

• Multiple Choice Questions
• Short Answer Questions