Course details
Objectives
- Familiarize the participants with the compliance culture, compliance rules and consequences of noncompliance.
- Compliance policies, annual compliance program, compliance code (Code of Ethics)
- Provide the trainees with the compliance daily activities, Saudi Arabian Monetary Agency (SAMA) / CMA main rules and regulations that banks and insurance companies need to comply with.
- Explain how to build a compliance register, risk register and how to conduct compliance risk assessment for services, products and banking activities.
- Enable participants to learn how to prepare and build compliance reports and how to escalate the violations/breaches in the absence of solution to the upper levels if necessary.
Contents
- Compliance function in banks, its importance, structure, and its legal framework.
- Compliance Division, its responsibilities, and the role of the compliance officer in the bank/Insurance company.
- Risks of noncompliance such as (fines, loss of licenses, etc.), with the presentation of some of the examples in this regard
- The importance of a Compliance culture, and how to build an effective compliance program.
- Compliance Code and Code of Ethics.
- How to prepare a compliance reports
- Case studies and panel discussions
Course Location
About Institute of Finance
The Institute was first established by the Saudi Arabian Monetary Agency in 1964 under the name of “ Institute of Banking Training ” At that time, the institute provided only conventional academic education where the trainees, who were banking sector employees, were granted, after successfully passing the courses, a diploma in banking and financial studies. With the acceleration of the development of the banking business and the increasing introduction of advanced technologies in the banking sector, it became essential to change the Institute's goals and strategies to respond to such changes and to cope with the expectations of the leaders of the banking and financial sectors.
In 1989, SAMA established the present institute under the new name of “ The Institute of Banking''.
In 2015, the Institute of Banking has changed its name to the “Institute of Finance” with a new mission.
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