Compliance Induction - 13 December 2019

Date: 
13 December 2019 - 09:30am - 5:00pm GMT
Type: 
Training (London)
Division: 
ACA Compliance (Europe)
Location: 
ACA Compliance (Europe) Limited 130 Jermyn Street London SW1Y 4UR
Cost: 
£699 + VAT

Course Overview:

Senior management in Financial Services firms have a responsibility to ensure their employees have sufficient knowledge and understanding of the Regulatory environment they are working in. This knowledge helps in emphasising the need for compliance with policies and procedures in order to protect the firm and the individual from failing to “do the right thing”.

This course is designed to assist Senior Management to embed a compliance ethos in the individual and a strong compliance culture throughout the firm.

Course Objectives:

  • A sound knowledge of the UK Regulatory Environment
  • An understanding of the reason for policies and procedures
  • The ability to evidence a risk-based approach
  • An understanding of the obligations on firms to develop a strong compliance culture
  • Knowledge of what can happen if you do not “do the right thing”

Key Topic:

  • The UK Regulatory Environment
  • High-level business standards
  • Personal obligations
  • Systems and Control
  • An introduction to the Conduct of Business Rules
  • Financial Crime Prevention
  • Examples of Enforcement action on firms and individuals

Course aimed at: any individuals who are working or are seeking to work in a regulated environment.

This course can be delivered onsite or as an instructor lead course at a firm’s office.

Course Overview:

The role of the Compliance Officer (CO) is a mandatory position in all firms in the Financial Services industry. The CO plays a major role in assisting Senior Management to ensure that appropriate and effective systems and controls are in place to achieve and maintain compliance with the applicable Rules.

While the nature of the Compliance Function is likely to differ from one firm to another, this course provides an easy to follow breakdown of what the Regulator expects of a CO and explains, in practical terms, how the regulatory expectations and those of Senior management can be achieved.

Course Objectives:

  • A sound knowledge of what is expected of a Compliance Officer and why
  • Practical ways to meet the expectations
  • An understanding of the importance of the Compliance Monitoring Plan
  • An opportunity to benchmark your knowledge and current compliance arrangements

Key Topic:

  • Responsibilities of Senior Management for Compliance
  • The CO’s principal tasks & skill sets
  • Getting the basics right
  • The independence of the role
  • Understanding and meeting expectations
  • Embedding the compliance culture
  • The Compliance Monitoring Programme (CMP)
  • Compliance Monitoring Methodology
  • Think about opportunities for adding value
  • Managing visits from the Regulator(s)
  • Examples of what can go wrong: messages for the CO

Course aimed at: Anyone currently or considering becoming a Compliance Officer.

This course can be delivered onsite or as an instructor lead course at a firm’s office.

If you would like to discuss your training requirements in more detail please contact Graham Dix on +44 (0)20 7484 3987 or your usual ACA consultant.