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Compliance has emerged as one of the most important challenges for the BFSI sector as it is witnessing metamorphic transformation at an unprecedented speed and magnitude. Compliance function in banks/FIs plays a vital role in banks’ corporate governance.
This Course is structured in 6 modules followed by Evaluation Test (non-scoring) and a Final Evaluation Test at the end of the course.
After a course session ends, it will be archived.
Non-compliance has dire consequences, like regulatory penalties, sanctions, risk of fraud, other financial losses and huge reputational losses for the organization.
To improve compliance level in any organisation, compliance function must be supported by a healthy compliance culture within the organization. A health compliance culture can be sustained only if everyone in the organization is well aware and concerned about it and compliance is trated as an integral part of the business.
State Bank Academy trains professionals from in and around India in the field of compliance. Our core strength lies in experienced faculties, who are professional bankers with hands on experience of working in this domain.
This course will delve in to various principles, standards and procedures relating to compliance function consistent with the Global Compliance perspective and is aimed at improving the compliance level and developing a compliance culture in banks/financial institution.
2
Module I: Regulation & Supervision
Banking Regulation
Different Regulatory Approaches
Banking Supervision
Basle Core Principles of Banking Supervision
Common Global Regulations
Emerging Supervision & Regulatory Expectations
Challenges of doing business while meeting regulation
**Module II: Compliance Function **
Definition & Scope of Compliance Function
Compliance Principles- Basel Committee
Compliance Policy & Manual
Compliance governance structure
Role of Compliance Function
Compliance Testing
Compliance Monitoring /Compliance Reporting
Intersection between Compliance & Risk Management
Emerging Trends & Future Outlook
Module III: Compliance in Corporate Governance & Risk Management
Understanding Corporate Governance
Why Corporate Governance
Principles of Corp Governance
Board of Directors & Committees of the Board.
Senior Management
Risk Management & Internal Controls
Compensation
Disclosure & Transparency
Module IV: Financial Crime Risk and Compliance
Understanding Financial Crime
Concept of Money Laundering & Terrorist Financing
Predicate Offences & Role of Financial Service Firms in Financial Crime
Regulatory Landscape
Inhibiting Financial Crime through AML KYC Compliance
Fraud & Cybersecurity
STR/ SAR reporting to FIU
Module V Compliance Risk & Compliance Culture ****
Understanding Compliance Risk
Implications of Compliance Risk: Regulatory Penalties, Reputational Damage, Business Continuity, Frauds
Contributing factors to compliance Risk
Three Lines of Defence
Creating compliance culture
Setting the Tone at Top
Module VI: Ethics in Compliance
Understanding Ethics
Why Ethics
Relationship between Ethical Principles and Regulations, Professional Codes & Internal Code of Conduct
Ethical Behaviour & Rule Based Compliance
Ethical Decision-Making Guide
Market Integrity: Implications of false and misleading statements, behaviours and practices
Fair Conduct: Honesty & Fair Treatment, Acting in Best Interest
ESG Initiatives
