Bank Regulatory Compliance Training Course

Why select this training course?

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.

What are the implications of non-compliant banks?

Non-compliant banks can face several negative consequences due to failure to comply with relevant laws, regulations, and industry standards. Some of the implications of non-compliant banks include the following:

• Financial penalties
• Reputation damage
• Legal liability
• Operational disruption
• Loss of business
• Difficulty raising capital
• Increased scrutiny

The Bank Regulatory Compliance Training Course by Rcademy can help both banks and professionals to learn all the compliance requirements and attain them, saving them from complex and costly investigations with the potential to cost them millions or billions of money in fines. Rcademy ensures that this course is regularly updated by the best experts in the field and continuously checked against performance to ensure it greatly benefits the participants. Therefore, being part of this course will be a secure way of getting the best in this field and fully being prepared for real-world roles in any banking field. It will also become handy in updating the professionals who started their careers long ago and have not been catching up with the industry developments.

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

What are the course objectives?

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

How will this course be presented?

This course will be facilitated by the industry’s best experts using the following methods:

• Presentation
• Lecture notes
• Short videos
• Exercises
• Examples
• Case studies

What are the topics covered in this course?

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