Regulatory Compliance In Financial Services: Mastering Complex Landscapes

Introduction:

The financial services industry is heavily regulated, demanding meticulous compliance to avoid penalties and reputational damage. This comprehensive training course on Regulatory Compliance in Financial Services equips participants with the specialized knowledge and skills to navigate complex regulatory landscapes. Participants will learn how to interpret and apply regulations, develop robust compliance programs, and mitigate regulatory risks. This course bridges the gap between regulatory theory and practical implementation, empowering professionals to drive compliance excellence.

Target Audience:

This course is designed for professionals involved in regulatory compliance within financial services, including:

• Compliance Officers
• Risk Managers
• Legal Counsel
• Internal Auditors
• Financial Institution Personnel
• Anyone involved in regulatory oversight

Course Objectives:

Upon completion of this Regulatory Compliance in Financial Services training course, participants will be able to:

• Understand the key regulations governing the financial services industry (e.g., Dodd-Frank, Basel Accords, GDPR, AML).
• Interpret and apply complex regulatory requirements.
• Develop and implement effective compliance programs.
• Conduct regulatory risk assessments and gap analyses.
• Monitor regulatory changes and adapt compliance strategies.
• Understand Customer Due Diligence (CDD) and Know Your Customer (KYC) requirements.
• Assess compliance with Anti-Money Laundering (AML) and sanctions regulations.
• Develop and implement compliance training programs.
• Communicate compliance requirements effectively to stakeholders.
• Manage regulatory examinations and inquiries.
• Mitigate regulatory risks and avoid penalties.
• Stay up-to-date with the latest regulatory developments.
• Contribute to a strong compliance culture within their organization.
• Enhance their understanding of financial services regulatory frameworks.
• Become a more valuable and sought-after compliance professional.

DURATION

5 Days

COURSE CONTENT

Module 1: Introduction to Financial Services Regulation

• Overview of the financial services regulatory landscape.
• Key regulatory bodies and their roles (e.g., SEC, FINRA, OCC, FCA, etc.).
• The purpose and evolution of financial services regulation.
• Understanding the impact of regulatory changes on financial institutions.
• Building a strong compliance culture.

Module 2: Key Regulatory Frameworks and Legislation

• Detailed examination of major regulations:
• Dodd-Frank Act
• Basel Accords (I, II, III)
• GDPR (General Data Protection Regulation)
• AML/KYC (Anti-Money Laundering/Know Your Customer) regulations
• MiFID II (Markets in Financial Instruments Directive II)
• And other relevant regional or country specific regulations.
• Understanding the legal and ethical implications of non-compliance.

Module 3: Risk Assessment and Compliance Program Development

• Conducting regulatory risk assessments and gap analyses.
• Developing and implementing effective compliance programs.
• Establishing internal controls and monitoring mechanisms.
• Creating compliance policies and procedures.
• Developing a risk-based approach to compliance.

Module 4: Customer Due Diligence (CDD) and Know Your Customer (KYC)

• Understanding CDD and KYC requirements.
• Customer identification and verification procedures.
• Enhanced due diligence (EDD) for high-risk customers.
• Beneficial ownership requirements.
• Ongoing customer monitoring and screening.

Module 5: Anti-Money Laundering (AML) and Sanctions Compliance

• Understanding AML regulations and reporting requirements (SARs, STRs).
• Implementing transaction monitoring systems.
• Screening customers and transactions against sanctions lists (OFAC, etc.).
• Managing sanctions risks and compliance.
• Understanding terrorist financing and related regulations.

Module 6: Data Privacy and Cybersecurity Compliance

• Understanding data privacy regulations (GDPR, CCPA, etc.).
• Implementing data protection measures.
• Managing cybersecurity risks and threats.
• Developing incident response plans.
• Auditing data privacy and cybersecurity controls.

Module 7: Compliance Training and Communication

• Developing and delivering effective compliance training programs.
• Communicating compliance requirements to employees and stakeholders.
• Creating a culture of compliance awareness.
• Using technology to enhance compliance training.
• Documenting and tracking training activities.

Module 8: Regulatory Examinations and Inquiries

• Preparing for regulatory examinations and audits.
• Managing regulatory inquiries and investigations.
• Responding to regulatory findings and recommendations.
• Developing remediation plans.
• Building relationships with regulators.

Module 9: Emerging Trends and Future of Regulatory Compliance

• The impact of FinTech and digital transformation on compliance.
• The use of RegTech solutions.
• The evolving regulatory landscape (e.g., open banking, AI regulation).
• The future of compliance in a globalized financial system.
• Continuous improvement in compliance practices.

Training Approach

This course will be delivered by our skilled trainers who have vast knowledge and experience as expert professionals in the fields. The course is taught in English and through a mix of theory, practical activities, group discussion and case studies. Course manuals and additional training materials will be provided to the participants upon completion of the training.

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.