Certified Regulatory and Compliance Professional (CRCP) Certification Course

Why select this training course?

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.

Is compliance officer a good job?

Ranked #17 according to Best Business Jobs, Compliance Officers enjoy longevity in the workplace, especially owing to work-life balance, low-stress level, and a strong propensity to improve, get promoted, and earn higher salaries.

The Certified Regulatory and Compliance Professional (CRCP) Certification Course by Rcademy will improve the skills of professionals and their knowledge of industry regulations. This course also provides a vast knowledge of the theory of concepts in compliance and the practical implementation of securities, laws, and regulations.

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 professionals are assigned to ensure the organization’s compliance with regulatory requirements and internal policies
• High-potential regulatory, legal, and compliance staff responsible for identifying risks and highlighting the consequences of non-adherence to regulations and compliance policies
• Business line professionals that are vested with compliance responsibilities
• Regulators (State, Federal, International) dealing with the evaluation of compliance to contractual obligations with the government
• Employees involved in management responsibility
• Managers responsible for the creation of risk compliance strategies, policies, assessments, documentation, monitoring, and reporting
• Any person interested in understanding fundamental regulatory compliance principles

What are the course objectives?

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

How will this course be presented?

The content of this course is designed to be participant-oriented. The course employs several methodologies and techniques to achieve optimum learning by participants. Also, well-experienced professionals with considerable expertise engage in this course’s teaching. The modules have been carefully curated concerning relevance, suitability, and depth.

The Rcademy course on certified regulatory and professional compliance certification engages in both the theoretical and practical mode of learning by putting into practice through case studies the concepts and principles learned using available lecture materials. Participants also engage in presentations, seminars, and quizzes. The platform also gives room for review and feedback to ensure optimum participants learning and satisfaction.

What are the topics covered in this course?

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