Introduction

The escalating volume and complexity of regulatory requirements across industries, particularly in financial services, have propelled Regulatory Technology (RegTech) from an emerging concept to an indispensable strategic imperative. This essential training course focuses on RegTech Implementation and Audit, equipping professionals with the critical knowledge and practical skills to strategically leverage innovative technologies like AI, machine learning, and blockchain to streamline compliance processes, enhance risk management, and ensure regulatory adherence with unprecedented efficiency. You will learn to navigate the intricacies of selecting, deploying, and rigorously auditing RegTech solutions, transforming traditionally manual and resource-intensive compliance functions into agile, data-driven operations.

Target Audience

• Compliance Officers
• Internal & External Auditors
• Risk Management Professionals
• IT Managers & System Architects
• Legal Counsel (Regulatory Focus)
• Financial Technology (FinTech) Specialists
• Regulatory Affairs Professionals
• Business Process Owners

Course Objectives

• Understand the fundamental concepts and drivers behind Regulatory Technology (RegTech).
• Learn the various types of RegTech solutions and their applications across industries.
• Master methodologies for selecting and implementing RegTech solutions effectively.
• Develop skills in integrating RegTech tools with existing legacy systems and data infrastructure.
• Understand the unique challenges and best practices in auditing RegTech systems.
• Learn about data governance, quality, and security considerations in RegTech implementations.
• Explore best practices for continuous monitoring and real-time compliance using RegTech.
• Master techniques for assessing the effectiveness and efficiency of RegTech solutions.
• Understand the regulatory oversight of RegTech and its implications for compliance.
• Learn about the role of artificial intelligence and machine learning in RegTech auditing.
• Apply practical RegTech implementation and audit strategies to real-world scenarios.

Duration

5 Days

Course Content

Module 1: Introduction to Regulatory Technology (RegTech)

• Defining Regulatory Technology (RegTech) and its evolution.
• Exploring the drivers for RegTech adoption (cost reduction, regulatory burden, risk mitigation).
• Understanding the key capabilities of RegTech (automation, data analytics, AI, blockchain).
• Overview of the RegTech ecosystem and its impact on industries.
• The strategic value of RegTech for compliance and risk management.

Module 2: RegTech Solution Landscape & Selection

• Learning about different categories of RegTech solutions (e.g., regulatory reporting, KYC/AML, risk management)
• Understanding how various technologies power RegTech (AI, ML, NLP, RPA, DLT).
• Methodologies for assessing organizational needs and selecting appropriate RegTech tools.
• Evaluating vendor capabilities and solution architectures.
• Developing a business case for RegTech investment.

Module 3: RegTech Implementation Strategies

• Mastering phased approaches to RegTech implementation and deployment.
• Strategies for integrating RegTech solutions with existing IT infrastructure and data sources.
• Understanding data migration, standardization, and quality requirements.
• Managing stakeholder expectations and change within the organization.
• Best practices for pilot programs and scaling RegTech solutions.

Module 4: Data Governance and Quality in RegTech

• Understanding the critical role of data governance for effective RegTech
• Implementing policies and procedures for data quality, integrity, and lineage within RegTech systems.
• Ensuring compliance with data privacy regulations (e.g., GDPR, CCPA) in automated processes.
• Managing data security and access controls for sensitive regulatory data.
• The impact of poor data quality on RegTech effectiveness.

Module 5: Auditing RegTech Systems and Controls

• Developing methodologies for auditing RegTech solutions and their underlying controls.
• Understanding the unique audit considerations for automated compliance processes.
• Assessing the accuracy, reliability, and completeness of RegTech-generated reports.
• Evaluating the effectiveness of internal controls embedded within RegTech systems.
• The role of continuous auditing in the RegTech environment.

Module 6: AI, ML, and Advanced Analytics in RegTech Audit

• Learning how to audit AI and Machine Learning (ML) models used in RegTech
• Understanding the challenges of explainability and bias in AI-driven compliance.
• Utilizing advanced analytics for anomaly detection and predictive risk assessment within RegTech.
• Techniques for validating the performance and fairness of AI-powered RegTech solutions.
• The future role of automated auditing with AI.

Module 7: RegTech Compliance, Reporting & Future Trends

• Ensuring ongoing compliance with regulatory requirements through RegTech
• Optimizing regulatory reporting processes with automation and real-time capabilities.
• Understanding the regulatory oversight of RegTech adoption and its implications.
• Exploring emerging trends in RegTech (e.g., SupTech, ESG reporting, digital regulation).
• Preparing for the evolving landscape of regulatory technology and its impact on audit.

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 10 working days before commencement of the training.