{"id":59758,"date":"2022-06-29T07:52:08","date_gmt":"2022-06-29T07:52:08","guid":{"rendered":"https:\/\/lgca.uk\/?post_type=event_listing&p=59758"},"modified":"2023-11-28T17:08:10","modified_gmt":"2023-11-28T17:08:10","slug":"risk-based-compliance-monitoring","status":"publish","type":"event_listing","link":"https:\/\/lgca.uk\/el\/\u03b3\u03b5\u03b3\u03bf\u03bd\u03cc\u03c2\/risk-based-compliance-monitoring\/","title":{"rendered":"Risk-Based Compliance Monitoring"},"content":{"rendered":"

Course Overview\u00a0<\/strong><\/p>\n

Compliance Monitoring is an essential tool in knowing that your controls are designed, and are operating, effectively.\u00a0 Without this, you cannot evidence an appropriately managed risk-mitigation programme and you are missing one of the key obligations of the compliance function.\u00a0 You shouldn\u2019t need to monitor and test *everything<\/b>* however, and the expected approach is to know where the risks are, both at an inherent and residual level, and to target your monitoring resource accordingly, ensuring appropriate coverage.\u00a0 This session looks at how you go about creating and operating an effective monitoring programme, what testing you need to do, and how you might document that to evidence good practice.<\/p>\n

 <\/p>\n\n\n\n\n\n\n
Date<\/td>\n16 of April 2024<\/td>\n<\/tr>\n
Time<\/td>\n13:30 – 17:30 UK Time<\/td>\n<\/tr>\n
Duration<\/td>\n4 hours<\/td>\n<\/tr>\n
Price<\/td>\nGBP 474 (incl. VAT)<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

Training Objectives<\/strong><\/p>\n

By the end of the programme, participants will:<\/span>\u00a0<\/span><\/p>\n

\u00a0\u2022 <\/span><\/span>Be able to evidence thought behind the structure of the compliance function and the approach to compliance risk management<\/p>\n

\u2022 Be able to analyse both distinct and the overlapping responsibilities between the regulators and the behavioural responses expected from firms<\/p>\n

\u2022 Have examined the impact of regulator focus and senior manager accountability on the compliance work plan<\/p>\n

\u2022 Understood how to manage resources to best effect in mitigating compliance risk and monitor controls over outsourced functions<\/p>\n

\u2022 Have considered whether your current structure is fit for purpose<\/p>\n

\u2022 Have reviewed the allocation of responsibilities between compliance, business senior management \/significant influence functions and other control functions such as risk, audit and finance<\/p>\n

\u2022 Understand how to embed compliance within the governance of the business to the right level<\/p>\n

 <\/p>\n

Training Outline\u00a0<\/strong>\u00a0<\/span><\/p>\n

\u00a0\u2022 Regulatory <\/span>expectations \u2013 the role of <\/span>Compliance Monitoring<\/span><\/span><\/span><\/span><\/p>\n

\u00a0\u2022 Compliance risk management<\/span><\/span>\u00a0<\/span><\/span><\/span><\/p>\n

\u00a0\u2022 Mapping risks for monitoring<\/span><\/span>\u00a0<\/span><\/span><\/span><\/p>\n

\u00a0\u2022 Getting the \u2018compliance dynamic right\u2019<\/span><\/span>\u00a0<\/span><\/span><\/span><\/p>\n

\u2022 Specific financial crime monitoring \u2013 market abuse, ABC, AML, Sanctions<\/span><\/span>\u00a0<\/span><\/p>\n

\u2022 Useful Tips \/ Common Errors<\/span><\/span>\u00a0<\/span><\/p>\n

 <\/p>\n

Industry Expert | Steve Fairclough<\/strong><\/p>\n

<\/p>\n

Steve began his financial services career in 1993 and has over 20 years practical training experience across a range of sectors and topics.\u00a0 He is a former Head of Education for HSBC covering the UK and Europe, responsible for regulatory and financial crime related compliance learning.\u00a0 His time at HSBC was during intense scrutiny from regulators and government functions during the bank\u2019s Deferred Prosecution Agreement.\u00a0 Other roles include leading the Monitoring and Testing programme for a UK Wealth Manager, and Senior Vice President responsible for Global Risk & Compliance training at a US-based bank.\u00a0 He also worked in the Insurance Firms division at the Financial Conduct Authority (in the FSA days) where he was the divisional expert for the rules and outcomes required under the Training & Competence handbook.<\/p>\n

The HSBC role, along with five years at Barclays in their Private Clients and Wealth functions, has seen Steve work with retail, commercial, wholesale and private banking channels.\u00a0 Since leaving HSBC, Stephen has worked with the compliance, HR and operational teams of firms to enhance their regulatory understanding, as well as delivering content across private equity firms, investment houses, banks and wealth managers.\u00a0 He regularly delivers core programmes for TISA and the Investment Association.<\/p>\n

Steve is a former member of the Investment Management Association Training & Education Committee and won the Thomson Reuters award for \u201cMost Effective Compliance Training at a Regulated Firm\u201d in 2010.<\/p>\n

 <\/p>\n

Who Should Attend\u00a0<\/strong><\/p>\n

The session is appropriate for all staff involved in scheduling or prioritising risks for further monitoring and testing.\u00a0 This is often Compliance staff but the session is also appropriate for risk managers and those in oversight roles, as well as Audit professionals.\u00a0 It assumes an understanding of the key terminology and structures but allows for a range of experiences.<\/p>\n

 <\/p>\n

 <\/p>","protected":false},"featured_media":59804,"template":"","meta":{"content-type":"","inline_featured_image":false},"event_listing_category":[117],"_links":{"self":[{"href":"https:\/\/lgca.uk\/el\/wp-json\/wp\/v2\/event_listing\/59758"}],"collection":[{"href":"https:\/\/lgca.uk\/el\/wp-json\/wp\/v2\/event_listing"}],"about":[{"href":"https:\/\/lgca.uk\/el\/wp-json\/wp\/v2\/types\/event_listing"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lgca.uk\/el\/wp-json\/wp\/v2\/media\/59804"}],"wp:attachment":[{"href":"https:\/\/lgca.uk\/el\/wp-json\/wp\/v2\/media?parent=59758"}],"wp:term":[{"taxonomy":"event_listing_category","embeddable":true,"href":"https:\/\/lgca.uk\/el\/wp-json\/wp\/v2\/event_listing_category?post=59758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}