Compliance Risk Management

Compliance Risk Management Course Overview

Compliance Risk Management will equip learners with the expertise needed to identify, manage, and mitigate compliance risks within financial institutions. This course explores key areas such as Anti-Money Laundering (AML) and Know Your Customer (KYC) processes, offering a comprehensive understanding of how these frameworks protect institutions from legal and reputational risks.

Learners will engage in practical exercises, using examples of real-life compliance risk failures to deepen their understanding. The course also covers essential strategies for maintaining effective compliance programs that adhere to global regulations. By the end of the course, participants will be able to confidently contribute to the implementation of effective compliance programs, ensuring their organizations remain compliant and resilient in a rapidly evolving regulatory environment.

Compliance Risk Management Learning Objectives

• Identify and assess various types of compliance risks
• List the three stages of money laundering and identify red flags that would enable effective AML detection
• Describe key KYC procedures financial institutions employ to ensure regulatory compliance, including those for Politically Exposed Persons (PEPs)
• Evaluate and respond to compliance incidents by applying best practices in internal investigation, reporting, and remediation strategies.

Who Should Take This Course?

This course is ideal for compliance officers, risk managers, and financial professionals responsible for ensuring that their institutions adhere to regulatory standards and manage compliance risks effectively. It is also suitable for senior management and board members who need a deeper understanding of compliance risk to oversee and support their organization’s risk management strategies.

Recommended Prerequisites

• Introduction to Risk
• Basel III and Risk Management