Key Details

Duration: 2 Days

Delivery method: In-house

Overview

The demands on Compliance departments within authorised firms continue to grow as companies respond to the more intensive, and intrusive, approach of the regulators. As a result, it is vital that new members of the Compliance team quickly gain a thorough understanding of the basics of Compliance, and the ways...

The demands on Compliance departments within authorised firms continue to grow as companies respond to the more intensive, and intrusive, approach of the regulators. As a result, it is vital that new members of the Compliance team quickly gain a thorough understanding of the basics of Compliance, and the ways in which Compliance relates to other parts of the business.

This induction programme is intended to provide new compliance staff with a comprehensive overview of the role of a Compliance department. It considers the ways in which Compliance risks are assessed and managed, as well as a range of significant Compliance issues. The focus is on the practical working of a Compliance department, and its interaction with the business and regulators, rather than on theoretical knowledge of rules.

Who is this for?

The course is designed for those who are starting work in compliance for the first time. This includes new graduates, interns and others who may have industry experience and are moving into compliance roles.

Role of Compliance

  • What is compliance?
  • Responsibility for compliance
  • Why does compliance matter?
  • Relationships with the business
  • Interaction with the regulators

Compliance Risk

  • What is compliance risk?
  • Risk assessment
  • Monitoring and testing
  • Compliance and risk management – three lines of defence

Compliance Functions

  • Structure of compliance departments
  • Advisory
  • Monitoring
  • Control room

Compliance Issues

  • Corporate governance
  • Conflicts of interest
  • Whistleblowing

Managing the Risk of Financial Crime

  • Risks of financial crime
  • Anti-money laundering
  • Anti-bribery & corruption
  • Insider dealing & market abuse

After attending this course, participants will:

  • Understand the role of a Compliance department within an authorised firm
  • Know the main elements of the risk assessment process and the place of Compliance within the ‘three lines of defence’ model
  • Know the principal functions of a Compliance department, and how Compliance relates to other parts of the business
  • Understand a range of important Compliance issues faced by firms
  • Know the principal forms of financial crime, and the related obligations on both firms and individuals