Course description
Who are regulatory and compliance professionals? They are officers who identify risks and ensure that the organizations they evaluate compliance with the rules, laws, processes, and important policies mapped out by a particular industry. They also provide advisory services and guidance on regulations that may be local, state, federal, or international. Thus, a Certified Regulatory and Compliance Professional (CRCP) is the conferment given to compliance, regulatory, or legal professionals.
What is meant by regulatory affairs?
Regulatory Affairs is a specialized area, agency, or department tasked with ensuring that businesses and organizations stay within established industry rules and state laws.
Upcoming start dates
Suitability - Who should attend?
Who should attend?
The Certified Regulatory and Compliance Professional (CRCP) Certification Course by Rcademy is suitable for several ranges of people, especially those who are responsible for ensuring that their organizations adhere to regulatory and compliance policies laid down by the appropriate authority and agency. The course is ideal for the following set of personnel:
- Compliance professionalsare assigned to ensure the organization’s compliance with regulatory requirements and internal policies
- High-potential regulatory, legal, and compliance staffresponsible for identifying risks and highlighting the consequences of non-adherence to regulations and compliance policies
- Business line professionalsthat are vested with compliance responsibilities
- Regulators (State, Federal, International)dealing with the evaluation of compliance to contractual obligations with the government
- Employeesinvolved in management responsibility
- Managersresponsible for the creation of risk compliance strategies, policies, assessments, documentation, monitoring, and reporting
- Any personinterested in understanding fundamental regulatory compliance principles
Outcome / Qualification etc.
The Certified Regulatory and Compliance Professional (CRCP) Certification Course by Rcademy aims to achieve the following objectives as participants should be able to:
- Identify, promote, and establish the best regulatory and compliance practices
- Inform participants of the recent changes in laws, processes, and regulations on regulation and compliance
- Create a synergy between organizations and regulation and compliance agencies, and personnel
- Create a standard and benchmark for regulatory and compliance officers
- Facilitate and encourage implementation of compliance policies and processes
- Confer participants with the necessary skill set to identify flouting of compliance processes and the necessary sanctions
- Identify risks associated with non-adherence to regulations and compliance processes
- Learn and understand how to track and be conversant with licensing and regulatory requirements
- Improve the conduct of audits, investigations, and recommendations by professionals for their organizations
Training Course Content
Module 1: Background
- Introduction to Regulatory and compliance certification – What is regulation? – Objective of regulation – History of financial services regulation – The regulatory architecture
- Purpose of the certification
- Roles and responsibilities of regulatory and compliance professionals
- Supervisor practice and internal control
- Ethical concerns – Securities industry – Sustainability concerns – Securities law and regulatory organization
Module 2: Standards, Policies, and Procedures
- Existence of ethics policies and procedures – Non-retaliation – Record management – Conflict of interest – Privacy – Security – Confidentiality
- Compliance and ethics policies and procedures maintenance
- Code of conduct
- Inclusion of compliance and ethics standards in contractual agreements
- Documentation of compliance and ethics program – Compliance manual/plan
- Maintenance of governance policies
- Organizations value statement
- Policies and procedures for identified risks
Module 3: Compliance and Ethics Program Administration
- Report compliance activity of internal governing body and senior business leader
- Coordination of operational aspects of a compliance and ethics program
- Maintenance of relevant laws and regulations
- Development of annual compliance and ethics plan
- Conduct screenings and background checks
- Collaboration to improve best practices
Module 4: Monitoring, Auditing, and Internal Reporting Systems
- Monitoring for organizational misconduct – Violations of laws, regulations, policies, and procedures
- Anonymity and confidentiality of reporting
- Publication of reporting systems
- Platforms for reporting non-compliance
- Analysis of Compliance and audit results – Track – Trend – Evaluate – Benchmark
- Periodic risk-based audit compliance plan
Module 5: Communication, Education, and Training
- Dissemination of information on emerging risk areas
- Development of compliance training – Risk specific – Orientation – Remedial
- Evaluation of the effectiveness of compliance training
- Training delivery methods
Module 6: Risk Assessment
- Risk assessment methodology
- Execution of management action plans based on risk assessment and findings
- Due diligence
- Involvement of management in risk assessment practices
Module 7: Investigation and Response, Discipline and Incentives
- Discipline – Proportionality – Fairness and consistency – Documentation of disciplinary actions
- Incentives for compliant and ethical behavior
- Corrective action plan
- Metrics for compliance and ethics
- Non-retaliation policy
- Response to compliance and ethics escalations
- Maintenance of records on compliance investigations
- Development of internal controls
- Internal investigations
Module 8: Developments in the Field of Compliance
- Institutional compliance
- Compliance in specific areas
- The Burgeoning profession of compliance
Module 9: Regulation and Compliance in Practice
- Approaches and models of regulation
- Sources of regulation
- International legislation and best practices
- Regulators and their powers
- Compliance in practice – Role of the compliance department – Role of the compliance officer – Key compliance activities and processes – Key compliance relationship
- Key compliance areas – Anti-money laundering – Financial crimes prevention – Market abuse – Managing risk – Enforcement
Module 10: Sanctions Lists and Screening
- Screening systems and controls
- Who should be screened? – Individuals – Entities – Suppliers
- What should be screened? – Payments and transactions – Goods and services – Ships/Vessels
- External watch lists
- Internal watch lists
- Understanding sanctions – Definitions – Importance of sanctions – Purpose of sanctions
- Measurements – Financial – Non-financial
- Program – Regime-based – Activity-based
Module 11: Compliance Structure
- Governance of compliance
- Compliance policy statement
- Establishment of the compliance function
- Independence of the compliance officer
- Compliance culture and behavior
- Outsourcing
- Independent review
- IT and digital compliance management
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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...