The Role & Importance of Compliance Function in Banks and its Branches

Course details

Objectives :

• Provide participants with the necessary knowledge on the concept and importance of compliance in the banking sector institutions.
• Familiarize participants with compliance function in banks as issued by the Basel Committee on banking supervision and in accordance with the applicable international best practices in this regard.
• Familiarize participants with sound practices for compliance function in banks and banking institutions.
• Display regulatory methodology to assess the efficiency and effectiveness of the compliance department in banks and their compatibility with the best global practices in this area.

Contents :

• The importance of the function of compliance and defined and objective .
• The principles of the Basel Committee on the compliance function.
• The aim of the function of monitoring compliance.
• Functions and responsibilities of monitoring compliance.
• The definition of compliance risk.
• Types of compliance risks.
• The structure of the organization and function of monitoring compliance.
• The independence of the compliance monitoring function.
• Recipes in compliance of banks and branches circles staff.
• The role and responsibilities of the board of directors at the bank.
• The role of monitoring compliance in the fight against money laundering.
• Role in monitoring compliance with operational risk.
• The role and function of compliance with branches in terms of the application of the instructions and the fight against money laundering.
• The relationship with internal audit.
• The role of internal audit in monitoring compliance.
• Relationship with other departments.
• Monitoring compliance across the border.
• Monitor compliance program.
• Monitor compliance tools.
• The work of monitoring compliance procedures.
• Corporate governance and compliance.
• Self-assessment of compliance.
• Monitor compliance with the policy of the bank and its branches.