Advanced Certification in Regulatory Compliance

Why select this training course?

Given that laws are dynamic and modern-day practices evolve from one form to another, it is important for compliance professionals and persons interested in Regulatory Compliance, in general, to be conversant with the latest Regulatory Compliance practices and skills. Furthermore, as a general principle, failure to adhere to Regulatory Compliance would expose an organization to risks, potential lawsuits, financial penalties, and other hazards.

What does regulatory compliance mean?

Regulatory compliance refers to laid down processes, procedures, and policies of a company that agrees and syncs with the laws, rules, regulations, requirements, and guidelines stipulated by lawmakers in the jurisdiction where a company or organization carries out its operations.

How to ensure regulatory compliance?

Ensuring Regulatory compliance is specific to every organization, institution, or corporation. However, there are a few general ones to be cognizance of. First, identify and document relevant regulations to the specific company and those the company is willing to comply with. Next, establish compliance training regularly for employees and internally audit the company. Finally, seek the services of external experts when necessary and use the right technology.

The Advanced Certification in Regulatory Compliance Training Course by Rcademy will help both participants and companies. It will help participants to keep up-to-date with the newest regulatory requirements and industry standards, which is crucial in today’s fast-expanding regulatory environment. Secondly, it will cover regulatory compliance concepts, legislation, compliance management systems, and risk management techniques. It will increase job chances and compensation, especially for compliance professionals. An effective compliance program may limit risks and avert legal and reputational damage, improving stakeholder trust and performance.

Who should attend?

The Advanced Certification in Regulatory Compliance Training Course by Rcademy is suitable for several people, especially those whose key responsibilities are to ensure constant compliance by their organization, perform managerial functions, and be responsible for the administration of an organization. In addition, the course is ideal for the following set of personnel:

• Compliance, anti-money laundering, and financial crime officers are responsible for the organization’s constant adherence to a jurisdiction’s rules and regulations about its operating activities.
• Internal and external auditors are responsible for monitoring and assessing the organization’s funds and ensuring compliance with conventional Regulatory Compliance rules
• Personnel of insurance companies that engage in sales, underwriting, claims, accounting, and customer service
• Managers responsible for the formation of risk compliance strategies, policies, assessments, documentation, monitoring, and reporting
• Company secretaries are responsible for ensuring the organization’s compliance with regulations and corporate governance
• Employees responsible for carrying out managerial responsibilities, and compliance responsibilities for an organization
• Lawyers who are responsible for providing advisory services to financial institutions
• Portfolio managers, fund managers, and securities dealers responsible for the management and compliance of customers’ funds and portfolios with standard regulations
• Any other personnel interested in a better understanding of compliance and the globally recognized qualification it confers

What are the course objectives?

The Advanced Certification in Regulatory Compliance Training Course by Rcademy aims to achieve the following objectives so that at the end of the training, participants will be able to:

• Learn well-developed skill sets and qualities that would enable them to provide great advisory services and create awareness of the need for compliance
• Understand the concept of Regulatory Compliance by all employees and staff of a company or an organization
• Discover the ability to decipher potential areas of risks or vulnerability and develop strategies to combat or prevent it
• Understand the fundamentals of Regulatory Compliance and provide participants with necessary skills in specific compliance areas such as advisory, monitoring, or financial crime
• Develop the abilities required to employ data as a strategic asset and manage it for the benefit of the company or organization
• Develop the ability to identify products and services in the financial industry and their accompanying risks

How will this course be presented?

The content of this course is designed solely to suit participants. The course is taught employing several effective methodologies that guarantee learning by participants. Also, the course is delivered by professionals with sound expertise and experience in Regulatory Compliance and its rudiments. The individual modules in this course cover a large subject matter area.

The Rcademy course on Regulatory Compliance is more tailored to ensure practical learning through hands-on experience in the course of learning. To provide a relatable and practical experience, the course is taught using case studies and scenarios to confirm the understanding and retention of theoretical knowledge. The course also encompasses modern practices and effective methods. Feedback is also received from participants to aid the addressing of areas to improve on before the completion of the course.

What are the topics covered in this course?

Module 1: Introduction to Regulatory Compliance

• Definition
• Importance and Purpose of Regulatory Compliance
• Regulated environment
• Objectives
• Factors responsible for the regulation
• Importance of consumer and investor protection
• Role of Regulators in the Markets of Stakeholders
• Structures of regulation
• Approaches to regulation
• Strategies employed by regulators
• Laws and regulatory frameworks governing Regulatory Compliance
• International regulation
• Compliance-related practices
• Products and services in the financial sector
• Retail banking
• Corporate banking
• Investment banking
• Asset management and insurance
• Private banking

Module 2: Identification and Report of Regulatory Compliance Risk

• Risks faced by financial institutions
• Types of risk reporting
• Risk management
• Risk management assessment
• Identification of financial crime
• Money laundering
• Terrorist financing
• Proliferation financing
• Management of the risks of financial crime
• Significance of financial crimes assessment
• Identification of money laundering processes and vulnerabilities

Module 3: Managing Compliance in Practice

• Management of regulatory issues and enforcement action
• Prudential regulation
• Corporate Governance
• Creation and benefits of compliance culture
• Ethical Culture
• Compliance training
• Advisory services to business units on Regulatory compliance matters

Module 4: Specialist Routes

• Compliance advisory
• Policy implementation and revision
• Compliance monitoring
• Monitoring and surveillance
• Financial Crime Compliance
• Policy implementation and revision
• Customer check and onboarding

Module 5: Leveraging Data for Business Purposes

• Meaning of data and its value
• Methodologies and Techniques in data mining and Analysis
• Data modeling
• Data storytelling

Module 6: Compliance Policy

• Scope of compliance policy
• Task Determination policy
• Tasks of the Board of Directors
• Tasks of the compliance committee
• Tasks of the organization’s staff
• Responsibilities of the executive management team
• Qualifications of the compliance department
• Communication with regulatory bodies
• Compliance monitoring and examination process
• ­Monitoring of simple requests
• ­Monitoring of periodic reports to regulators
• ­Role of Compliance in work procedures and advisory services
• Case studies

Module 7: The Compliance Functions

• Structure of Compliance
• The Role of compliance personnel
• ­Board of directors
• ­Supervisors
• ­Internal and external auditors
• ­Compliance officer
• Compliance Activities and Processes
• ­Compliance training
• ­ Compliance with laws and regulations
• ­ Compliance and corporate governance

Module 8: Establishment of an Effective Compliance Function

• Factors to be considered in designing a compliance system
• Developing an internal compliance system
• Compliance Manual
• Record keeping of compliance reports
• Implementation and communication of internal compliance arrangement

Module 9: Compliance Success Factors

• Management of ISO compliance
• Design a compliance process using a regulatory authority
• Implementation of a compliance program
• Compliance failures
• ­Causes
• ­Results

Module 10: Procedures for Carrying out a Compliance Cost Assessment

• Assessment of the regulatory scope
• Identification of data sources and strategies
• Selection of methodological approaches
• Process analysis
• Calculation of estimate of each type of compliance cost
• Sensitivity analysis
• Presentation and publishing of results