European Institute of Management and Finance | Building an Effective Compliance Monitoring Programme Course
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Building an Effective Compliance Monitoring Programme Course

Building an Effective Compliance Monitoring Programme Course

The Compliance / AML unit is a key control function within regulated financial institutions, and it is of critical importance that Compliance and AML Officers can demonstrate they have the key skills required to do the job properly, including being able to monitor the firm’s compliance with its regulatory obligations.


This workshop-style programme will enable participants to identify the full range of compliance risks faced by their firm, and then provide them with the practical skills to conduct effective monitoring and evaluate the effectiveness of the monitoring programme.  It is highly interactive with group and individual exercises designed to allow participants to apply what they have learnt.



Training Objectives


At the end of this course, attendees will:

  • understand how to identify their firm’s compliance risks
  • be able to create a risk-based assessment of their firm’s compliance risks
  • discuss the importance of key risk indicators
  • know how to employ appropriate monitoring techniques
  • understand the regulatory requirements regarding the assessment and evaluation of the monitoring programme
  • be able to determine which breaches are notifiable events
  • know how to classify breaches by typology
  • be familiar with the most common forms of compliance monitoring
  • understand how to write the compliance monitoring programme report



Training Outline


Identifying and Assessing Compliance Risks

  • Identifying your risk universe
  • The Risk-Based Approach
  • Key Risk Indicators


Choosing Appropriate Monitoring Techniques

  • Desk-based monitoring
  • Exception reports
  • Automated systems
  • Site visits
  • Frequency


Evaluating the Monitoring Programme

  • Meeting regulatory expectations
  • Management buy-in
  • Assessment processes
  • Continual improvement


Dealing with Breaches

  • Breach classifications
  • Minor breaches vs notifiable events


Reporting results

  • The Compliance Monitoring Programme Report