Introduction

The ever-increasing complexity of financial regulations and the growing volume of data have made manual compliance processes in credit and risk management unsustainable. This has led to a surge in demand for RegTech (Regulatory Technology) solutions. These innovative tools leverage automation, artificial intelligence, and big data to transform compliance from a reactive, cost-center function into a proactive, strategic advantage. This Streamlining Compliance: Training Course on RegTech Tools for Credit & Risk Management is a 10-day intensive program designed for professionals to master the next generation of compliance.

This course will provide a comprehensive overview of the RegTech landscape and its specific applications in credit and risk management. You will learn how to identify, select, and implement the right tools to automate tedious tasks, enhance risk assessment, and ensure continuous adherence to regulatory mandates. By the end of this training, you will be equipped to not only improve your organization's compliance posture but also to optimize operational efficiency and foster a culture of proactive risk management.

Duration: 10 Days

Target Audience

• Credit risk managers
• Compliance officers
• Anti-Money Laundering (AML) professionals
• Financial auditors
• Fraud prevention specialists
• Data analysts in finance
• Bank operations managers
• Regulatory affairs specialists
• FinTech product developers
• Legal professionals in financial services

Objectives

• Understand the core concepts and drivers of RegTech.
• Identify key areas of credit and risk management for automation.
• Evaluate and select appropriate RegTech tools for specific needs.
• Learn to integrate RegTech solutions with existing systems.
• Explore AI and machine learning applications in compliance.
• Understand the role of data governance in RegTech implementation.
• Master continuous monitoring and real-time reporting.
• Analyze case studies of successful RegTech adoption.
• Develop a strategic plan for implementing a RegTech solution.
• Stay updated on the latest trends and future of the industry.

Course Modules

Module 1: The Regulatory Landscape & RegTech Fundamentals

• The evolution of global financial regulations
• The challenges of manual compliance
• Introduction to the concept and benefits of RegTech
• The key drivers behind RegTech adoption
• A high-level overview of the RegTech ecosystem

Module 2: Credit & Risk Management Pain Points

• The manual process of loan application and credit checks
• Challenges in real-time risk assessment
• The limitations of traditional credit scoring models
• The burden of regulatory reporting and documentation
• The risk of human error and fraud

Module 3: Introduction to Compliance Automation Tools

• Tools for automated regulatory change management
• Solutions for digital identity verification (KYC/KYB)
• Automated transaction monitoring systems
• Tools for real-time risk assessment
• Automated reporting and audit trail generation

Module 4: Data Analytics and AI for Risk Assessment

• Using big data to enhance risk models
• Application of machine learning in credit scoring
• Predictive analytics for fraud detection
• Behavioral analysis for identifying suspicious patterns
• The role of unstructured data in risk analysis

Module 5: Selecting the Right RegTech Tools

• How to conduct a needs assessment
• Criteria for evaluating RegTech vendors
• Understanding the total cost of ownership
• The importance of security and scalability
• Building a business case for RegTech investment

Module 6: Implementation & Integration Strategy

• The process of integrating new tools
• Data migration and system interoperability
• Managing change and training staff
• Phased vs. big-bang implementation
• Best practices for a smooth rollout

Module 7: Continuous Monitoring & Real-Time Reporting

• Setting up automated alerts and notifications
• Dashboards for real-time compliance status
• Automated generation of regulatory reports
• The role of data visualization
• Ensuring auditability and data integrity

Module 8: Case Studies in Credit & Risk Management

• A case study on automated KYC/AML checks
• How a bank automated its credit scoring process
• A scenario on using AI for loan default prediction
• The use of RegTech to manage third-party risk
• Analyzing the ROI of a successful RegTech implementation

Module 9: Legal, Ethical, & Governance Considerations

• The legal implications of automated decisions
• Ensuring fairness and avoiding algorithmic bias
• Data privacy and GDPR compliance
• Establishing a strong governance framework
• The role of human oversight in automated systems

Module 10: Future of RegTech

• The impact of emerging technologies (blockchain, quantum computing)
• The rise of open banking and its implications
• The potential for cross-border regulatory harmonization
• The evolving role of the compliance professional
• Building a future-proof compliance strategy

Module 11: Capstone Project Part 1: Design

• Defining a specific compliance challenge
• Designing a hypothetical RegTech solution
• Creating a blueprint for system integration
• Planning the data requirements and process
• Outlining the project's success metrics

Module 12: Capstone Project Part 2: Build

• Building a simple prototype of a tool
• Configuring and testing a mock system
• Simulating data flows and automated processes
• Validating the solution against a set of rules
• Preparing the final project for presentation

Module 13: Capstone Project Part 3: Present & Discuss

• Presenting the final project and its findings
• Explaining the solution's value proposition
• Q&A and peer feedback session
• Discussing the challenges and limitations faced
• Receiving expert recommendations

Module 14: Career Pathways in RegTech

• The skills needed for a career in RegTech
• Identifying job opportunities in the field
• Networking with industry professionals
• The role of continuous learning and certification
• Navigating a career in the digital finance landscape

Module 15: Course Certification

• A final comprehensive assessment
• A final review of key concepts and objectives
• Issuance of a certificate of completion
• Post-course career guidance and networking
• A final Q&A with instructors

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.