Course description
Banks in the modern world require more regulations that they need to comply with than ever before, which makes bank regulatory training a critical part of any compliance training. Rcademy has stood out as the best education service for a while by helping professionals get better training for their banks and other financial jobs. It has also been enabling organizations and institutions to stay compliant and competitive. It is reliable and up-to-date for any team training. Banks have the urgent need to stay compliant continuously. At the same time, there is a growing list of local and international laws and regulations, such as bank secret acts and anti-money laundering requirements. All bank professionals need to know the relevant rules, risk assessment, cybersecurity, fraud, money laundering, ethics, SEC rules, and other compliance-related issues.
Why is the role of compliance personnel important?
The role of compliance personnel is now more important than ever because of enhanced regulatory regimes, which have caused banks to be increasingly exposed to regulatory sanctions. There is a common recognition of how the existing rules-driven system never meets the required risk mitigation measures and the demand for a more regulatory compliance system.
Upcoming start dates
Suitability - Who should attend?
Who should attend?
The Bank Regulatory Compliance Training Course by Rcademy is ideal for:
- Bankers
- Board of directors
- Compliance officers
- Bank managers
- Financial services supervisor
- Financial Advisor
- Investment bankers
Outcome / Qualification etc.
The Bank Regulatory Compliance Training Course by Rcademy has the objective of enabling participants:
- Develop the necessary skills to work effectively with an independent mindset
- Understand the usage of the correct tools to ensure that they communicate effectively in organizations
- Discover modern and up-to-date knowledge of the regulatory requirements of the compliance function and how to embed an organizational risk culture
- Understand how to navigate complex compliance scenarios by using practical investigation skills
- Satisfy their organizations with reasonable steps that have been taken to ensure compliance risks are mitigated
- Increase professionalism, cost-effectiveness, and efficiency of the compliance function
- Understand how to give their stakeholders and regulators compelling evidence of their compliance crucial function
- To have an insight into relationship management from outside and inside their organizations
- To enjoy a greater rendition of top-notch skills in compliance and competitive advantage in their field
Training Course Content
Module 1: Becoming Compliant
- Compliance stakeholder relationship
- Integrated risk management
- The three lines of defense
- The function of compliance in the eye of the regulator
- Introduction to the regulatory environment
- Financial Conduct Authority (FCA)
- European and international context
- Prudential Regulation Authority (PRA)
- The role and responsibility of the compliance function
- Managing relationships with stakeholders and senior managers
- PRA rule book and FCA handbook
- Dialogue with regulators
Module 2: The Business and Compliance
- Effectively managing compliance conversations
- Preparing for certified person regime
- Technical suite– Benchmarking requirements after LIBOR– Treating customers fairly– Renumeration in a bank under CRD IV, MIFID II and AIFMD– Anti-money laundering and market abuse– Complaints handling and root cause analysis
- Dealing with difficult characters in the front office
- Investigative principles
- Accurate and accessible reporting
- Constructive way of continuing conversations
- Adding value to the business and reducing reputational risk
- Competence and capability of staff
- Regulators expectations
Module 3: Regulators and Compliance
- Communicating and ensuring there is effective communication with regulators
- Preparing for regulatory visits and interviews
- Challenges and compliance regulations in foreign banks
- Establishing a positive culture in the compliance function and beyond
- Preparing staff accordingly
- Understanding regulators’ expectations
- Risk management and best practices
- Understanding your duties and responsibilities
- Embedding the right organizational culture to drive change
Module 4: Control Functions and Compliance
- Stakeholders’ Population and Politics
- The relationship between compliance and risk
- The common understanding of the organizational language
- Organizational dynamics
- The relationship between compliance and internal audit
- Communicating with the internal team
Module 5: The Board and Senior Management
- Senior person regime
- The relationship between the board and compliance
- Corporate governance requirements
- Regulatory Perspective to bank governance
- Personal regulatory risk to senior managers
- Responsibilities and management responsibilities map
- Training and competence requirements
- Combined code and regulatory structure
- Corporate governance framework
- Directors’ duties
Module 6: Laws and Regulations
- Financial crimes compliance
- Global corruption compliance, regulations, and enforcement
- Regulating funds and investment advisors
- Introduction to finance regulations
- Banker dealers regulations
- Cybersecurity laws, compliance and privacy
- Data breaches, corporate governance considerations
- Law enforcement compliance
- Standard cybersecurity compliance
Module 7: Key Compliance Risks In Banks
- Competition law
- MiFID
- Market abuse
- Treating everyone fairly
- Bribery prevention
- Money laundering prevention
- Business protection
Module 8: The Financial Conduct Authority
- Introduction to FCA
- Financial Conduct Authority regulations
- Timely regulatory reporting
- Actively engaging the FCA
- Roles and responsibilities of FCA
Request info
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...