Introduction to the Role of Compliance
Overview
The Compliance function plays a vital role within a financial services firm. Regulators internationally have high expectations of those who hold compliance responsibilities.
This course is designed to provide a comprehensive overview of the role and responsibilities of the Compliance function. It also explores the practical aspects of compliance, including compliance monitoring, as well as some of the challenges that can arise.
The workshop is highly-interactive and engaging, with practical exercises and discussion of real-life scenarios. Participants are encouraged to consider the application of what they have learnt, and to ask questions throughout the course.
Who is this for?
This course is ideal for anyone who requires an understanding of the role of Compliance within a financial services firm, including:
- Compliance professionals
- Senior managers with compliance responsibilities
- Legal, Audit, Risk and Operations
Learning Outcomes
After attending this course, participants will:
- Understand the role of the Compliance function within a regulated firm.
- Understand how the Compliance function relates to other parts of the business, and the way in which responsibility for compliance is shared across the firm.
- Know the principal tasks of the Compliance function, and the key skills required.
- Understand the importance of a compliance monitoring plan, and the basics of how to construct and implement a plan.
- Know some of the practical challenges that can arise when implementing a compliance programme.
Course Details
Session 1
- The role of Compliance within a regulated firm
- Compliance responsibilities:
- advice
- monitoring
- training
- The principal tasks and the skills required
Session 2
- A risk-based approach to compliance
- Compliance monitoring
- Regulatory supervision and enforcement
Delivery
All of CCL Academy’s public courses are delivered virtually using Zoom.
Firms with more than 5 staff to train have the flexibility to deliver training in-person by one of our trainers at your premises, or virtually via Zoom, Teams or Webex.
Find out more about your Virtual or In-Person training experience below.
Virtual Delivery
Our virtual training courses are designed to be every bit as engaging as our in-person courses. To achieve this, our trainers use market-leading technology and a range of training techniques to ensure high levels of interaction with participants. Courses include the use of:
- Virtual ‘break-out’ rooms: participants are divided into virtual rooms to facilitate small group discussion.
- Polling: multiple-choice questions, answered anonymously, allow the trainer to assess knowledge and understanding across the group.
- Case studies: true to life case studies and scenarios are used to highlight the practical application of theoretical knowledge.
- Messaging: participants can submit questions and comments, either to the whole group or privately to the trainer.
Additional Benefits:
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Recording: public course participants have the option to access a recording of the course for one month after the course. In-House clients also have the option to record their training for an additional fee.
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On-going Q&A: public course participants can access an ongoing Q&A facility allowing them to ask questions relating to the course.
In-Person Delivery
Our in-person training is delivered face to face at your offices, and includes:
- ‘In-the-moment’ questions & discussions: questions through conversations allow the trainer to assess knowledge and understanding across the group.
- Case studies: true to life case studies and scenarios are used to explore practical application of theoretical knowledge.
- Q&A: participants can ask questions during training, either to the whole group or privately to the trainer.
