Forward training from BakkerPlatt

Compliance and Risk Management

Course Details

Duration:     12 x 2 Hour Seminars (09:00 - 11:00)
Venue:         Forward Training Suites, 2 Mulcaster Street, St Helier
Cost:            £875 (FastForward Units are not applicable)
CPD Hours:  24 Hours

Course Overview

The Compliance and Risk Management Programme examines the key risk management issues and topics that are of vital importance in today’s highly regulated environment.

Target Audience

As well as being targeted at Compliance Officers, MLROs, MLCOs and other risk management professionals, it is also aimed at members of senior management and board members keen to know more about what to expect from the risk control functions within their organisations.

The Programme is lectured by subject matter experts and is highly practical.

Full written notes and copy PowerPoint slides are included.

Course Content

Seminar Programme Schedule

Seminar 1:  Identifying and Evaluating Key Risks
(26 January 2009)

  • Avoiding expectation gaps.
  • Analysing the role of the Compliance Officer, MLRO, MLCO, Internal Audit and the Board.
  • What makes an effective Compliance Officer/MLRO/MLCO?
  • Responsibilities and accountabilities of the Compliance Officer.
  • Interdependencies with other control functions.
  • Primary, secondary and on demand compliance activities.
  • Key Emerging Risks.
  • Formulating a business risk assessment.

Seminar 2: Designing and Implementing an effective Compliance Framework including a Monitoring Programme
(4 February 2009)

  • Analysing legal and regulatory rules.
  • Identifying risks.
  • Designing Risk Based Level 1 operating procedures.
  • Designing Risk Based Level 2 Monitoring Programmes.
  • Evaluating culture.

Seminar 3: Preparing for and Managing a Commission Visit
(25 February 2009)

  • Disclosure of documentation – pre-visit.
  • Types of visit and what to expect.
  • Preparing staff and management.
  • Common pitfalls and how to avoid them.
  • Handling a visit.

Seminar 4: Handling Enforcement Action
(25 March 2009)

  • Managing the risk of document destruction and creation.
  • Responding to production orders.
  • Avoiding fishing expeditions.
  • Legal professional privilege.
  • Managing an internal investigation.
  • Issues arising during an inspection process.
  • Responding to asset seizure attempts.
  • The likely impact of civil confiscation provisions.

Seminar 5: Managing the Risk of Fraud
(13 May 2009)

  • Emerging frauds.
  • Analysing different types of fraud(internal/external).
  • Fraud detection and prevention.
  • Counting the cost of Fraud.

Seminar 6: Human Factors in Risk Management
(3 June 2009)

  • The importance of human error in procedure driven environments.
  • Common human factor problems.
  • Steep authority gradients.
  • Reliance vacuums.
  • Dominant individuals.
  • Identifying and addressing human factor issues.
  • Developing an effective compliance culture.

Seminar 7: Compliance and Corporate Governance (15 July 2009)

  • Concepts in CG and how these help manage risk.
  • Role of the director.
  • Creating an effective board.
  • The roles of the executive and NED.
  • Creating and effectively utilising CG committees e.g. Audit, Remuneration.
  • Financial reporting and CG.

Seminar 8: Managing the Risk of Funding Terror
(5 August 2009)

  • The risks.
  • Local anti terror legislation.
  • NGOs and charities.
  • Use of cash couriers.
  • Underground banking.

Seminar 9: Criminal Abuse of Trusts and Companies
(30 September 2009)

  • Offshore companies and corporate services analysed.
  • Offshore trusts and trustee services analysed.
  • The criticality of the fiduciary duty.
  • Understanding commercial rationale.
  • AML trust and company vulnerabilities.
  • Examples of abuse.
  • Case studies.

Seminar 10: Criminal Abuse of Banking Services, Structured Products and SPVs
(29 October 2009)

  • Vulnerabilities of Private Banking.
  • Vulnerabilities of SPVs and Funds.
  • Correspondent accounts.
  • Understanding the bigger picture.
  • Threats from arrangements and arrangers.

Seminar 11: Insider Dealing, Market Manipulation and Market Abuse
(12 November 2009)

  • What is insider dealing?
  • What is market manipulation?
  • Price sensitive information.
  • The facilitation of insider dealing through offshore arrangements.
  • The impact of the EU MAD Directive.

Seminar 12: The Risks of Transacting in US$
(17 December 2009)

  • The Risks of Civil Action.
  • Constructive Trusteeship.
  • Breach of Trust Case Study.
  • Civil Recovery in Jersey.
Learning Outcomes

Having attended this course, delegates will:

  • The Programme is designed to equip attendees with sufficient knowledge to assess the adequacy of their organisation’s existing risk management controls and practices and to make enhancements.
  • Certificates of attendance  are provided for each Seminar.
  • Interchangeable delegate places.
  • Online evaluation questionnaire.