Data Governance And Privacy Compliance In Financial Institutions Training Course

Introduction

In the digital era, financial institutions handle vast amounts of sensitive data, making robust data governance and privacy compliance essential to maintaining trust, regulatory adherence, and operational integrity. With evolving global regulations such as GDPR, CCPA, and sector-specific mandates like AML and KYC, the stakes for effective data management have never been higher. A proactive approach to data governance ensures data quality, security, and ethical usage while addressing the increasing complexities of cross-border data flows and emerging technologies like AI and Big Data.

The Advanced Data Governance and Privacy Compliance in Financial Institutions training course provides participants with the tools and frameworks needed to manage data effectively and ensure compliance with global and regional regulations. The course covers data governance best practices, privacy impact assessments, third-party risk management, and strategies for fostering a data-driven organizational culture, equipping professionals to lead in a rapidly evolving regulatory landscape.

Target Audience

This course is tailored for:

• Compliance Officers: Professionals overseeing regulatory adherence and privacy policies.
• Data Governance Leaders: Managers and officers responsible for organizational data strategies.
• Risk Managers: Specialists managing data-related risks and cybersecurity threats.
• IT and Cybersecurity Professionals: Experts safeguarding data systems and ensuring secure access.
• Policy Makers and Regulators: Officials shaping and enforcing data privacy regulations.
• Legal Advisors: Lawyers specializing in data protection and compliance.

Course Objectives

By the end of this course, participants will:

Master Data Governance Frameworks

• Understand the principles and components of effective data governance.
• Design and implement governance structures tailored to financial institutions.

Ensure Privacy Compliance with Global Standards

• Navigate global and regional regulations such as GDPR, CCPA, and financial compliance mandates.
• Conduct Data Privacy Impact Assessments (DPIAs) to mitigate risks.

Strengthen Data Security and Protection

• Implement advanced security measures, including encryption and access controls.
• Develop incident response plans for data breaches and cybersecurity threats.

Manage Third-Party and Cross-Border Risks

• Assess and manage risks in vendor contracts and international data transfers.
• Ensure compliance with data-sharing agreements and jurisdictional requirements.

Foster a Data-Driven Culture

• Build awareness and accountability for data practices across the organization.
• Integrate data governance into decision-making and operational processes.

This course equips professionals with the expertise to manage data assets responsibly, ensure privacy compliance, and drive organizational excellence in a highly regulated and data-centric financial environment.

Module 1: Introduction to Data Governance and Privacy Compliance

• Definitions of data governance and privacy compliance.
• Key drivers for implementing robust data governance frameworks.
• Role of data governance in regulatory compliance and risk management.

Module 2: Building a Data Governance Framework

• Data governance policies, standards, and guidelines.
• Roles and responsibilities: Data owners, stewards, and custodians.
• Establishing a data governance council and oversight mechanisms.

Module 3: Regulatory Landscape for Data Privacy

• General Data Protection Regulation (GDPR).
• Financial regulations (e.g., Basel III, PSD2, AML/KYC).
• Local data protection laws and sector-specific compliance requirements.

Module 4: Data Classification and Lifecycle Management

• Data classification levels (public, sensitive, confidential).
• Processes for data creation, storage, usage, archiving, and destruction.
• Automating data lifecycle management with advanced tools.

Module 5: Data Privacy Impact Assessments (DPIA)

• Steps for performing a DPIA.
• Identifying high-risk data processing activities.
• Mitigating risks and documenting compliance efforts.

Module 6: Data Security and Protection Measures

• Encryption, tokenization, and anonymization techniques.
• Access controls and multi-factor authentication.
• Incident response plans and breach notification protocols.

Module 7: Third-Party Risk Management

• Assessing third-party data practices and contracts.
• Establishing data-sharing agreements and vendor audits.
• Managing risks associated with cloud services and external systems.

Module 8: Data Governance for AI and Big Data

• Ethical considerations in using data for AI and machine learning.
• Ensuring data quality and integrity in Big Data projects.
• Regulatory considerations for AI-driven decision-making.

Module 9: Monitoring and Reporting Compliance

• Key Performance Indicators (KPIs) for data governance.
• Developing compliance dashboards and audit trails.
• Preparing reports for regulatory bodies and senior management.

Module 10: Building a Data-Driven Culture

• Training and awareness programs for employees.
• Encouraging accountability and ownership of data practices.
• Embedding data governance in decision-making processes.

Module 11: Managing Cross-Border Data Transfers

• Understanding cross-border data transfer regulations (e.g., Schrems II ruling).
• Mechanisms for lawful data transfers (e.g., Standard Contractual Clauses).
• Managing risks in global financial operations.

Module 12: Future Trends in Data Governance and Privacy Compliance

• Trends in privacy-enhancing technologies.
• Anticipating changes in data regulations and enforcement.
• Integrating blockchain and decentralized technologies in data management.

Learning Outcomes

By completing this course, participants will:

1. Understand the principles of data governance and its critical role in financial institutions.
2. Develop frameworks to ensure compliance with global and regional data privacy regulations.
3. Implement robust data security measures to protect sensitive information.
4. Conduct Data Privacy Impact Assessments (DPIAs) and manage third-party risks effectively.
5. Build a data-driven culture and enhance decision-making processes.
6. Prepare for future challenges and leverage emerging technologies for better data management.

This course equips financial professionals with the expertise to navigate the complexities of data governance and privacy compliance, ensuring organizational resilience and trust in a data-centric world.

Tailor-Made Course

This course can also be tailor-made to meet organization requirement. For further inquiries, please contact us on: Email: info@skillsforafrica.org, training@skillsforafrica.org  Tel: +254 702 249 449

Training Venue

The training will be held at our Skills for Africa Training Institute Training Centre. We also offer training for a group at requested location all over the world. The course fee covers the course tuition, training materials, two break refreshments, and buffet lunch.

Visa application, travel expenses, airport transfers, dinners, accommodation, insurance, and other personal expenses are catered by the participant

Certification

Participants will be issued with Skills for Africa Training Institute certificate upon completion of this course.

Airport Pickup and Accommodation

Airport pickup and accommodation is arranged upon request. For booking contact our Training Coordinator through Email: info@skillsforafrica.org, training@skillsforafrica.org  Tel: +254 702 249 449

Terms of Payment: Unless otherwise agreed between the two parties’ payment of the course fee should be done 5 working days before commencement of the training.