Courses

Course Description

Importance, Key Component and Benefits

No matter the industry or company size, all businesses must adhere to certain laws and regulations as part of operations.

A solid and comprehensive compliance risk management will ultimately reduce the likelihood of a major non-compliance event or ethics failure. It shall increase the quality of business processes and customer satisfaction, which enables the institution to set itself apart in the marketplace from their competitors.

Compliance Management is at the core of every financial institution and it encompasses all the activities that affect the bank’s risk profile. History of financial institutions had witnessed collapse of large banks as a result of non – compliance of legal and regulatory requirements. Due to non-compliance, Banks across the world have also faced penal actions worth millions of dollars & loss of reputation. This program sheds light on the significance of compliance function, components of compliance risk management and responsibilities of individuals engaged in the banking business.

LEARNING OUTCOMES:

 At the end of this program, participants will be able to:

• Risk and various types of Risk
• Understand regulatory compliance and its important functions.
• Develop understanding of important and frequently used regulations that needs to be complied with by the banks.
• Understand the consequences of non-compliance of regulations.
• Make a checklist at their banks for self-assessment with respect to compliance.

TARGET AUDIENCE

Chief Compliance officers
Compliance Managers and compliance staff
Professionals in Internal Control and Internal Audit functions
Bank Staff engaged in AML/KYC/CDD functions
Trade and Exchange
Manager Operations, Branch Banking Officials, Branch Managers

CONTENT

• What is Regulatory Compliance?
• What is Risk, Types of Risk
• Risk Assessment Process
• Difference between Inherent Risk and Residual Risk
• Acquaintance with the Concept, Scope & Importance of Compliance Function
• Frequently Used Regulations related to Compliance Management: o AML/CFT Regulations o Corporate & Commercial Banking Regulations o Branch Operations including fraud/forgery, internal control, etc.
• How SBP ensure Regulatory Compliance?
• SBP Inspection
• Consequences of non-compliance
• Penalties
• Compliance Control Self-Assessment Check list