Compliance in Financial Institutions from edX

Non-compliance has dire consequences, like regulatory penalties, sanctions, risk of fraud, other financial losses and huge reputational losses for the organization.

To improve compliance level in any organisation, compliance function must be supported by a healthy compliance culture within the organization. A health compliance culture can be sustained only if everyone in the organization is well aware and concerned about it and compliance is trated as an integral part of the business.

State Bank Academy trains professionals from in and around India in the field of compliance. Our core strength lies in experienced faculties, who are professional bankers with hands on experience of working in this domain.

This course will delve in to various principles, standards and procedures relating to compliance function consistent with the Global Compliance perspective and is aimed at improving the compliance level and developing a compliance culture in banks/financial institution.

What you'll learn

This course aims to give learners a systematic overview and Important Compliance Function & Compliance Risk.
Learners will get to know the various sources of compliance risk and the strategies to manage those risks.
The learners will gain deeper insights on global standards of compliance and create a compliance culture in their organization.

What's inside

Learning objectives

This course aims to give learners a systematic overview and important compliance function & compliance risk.
Learners will get to know the various sources of compliance risk and the strategies to manage those risks.

The learners will gain deeper insights on global standards of compliance and create a compliance culture in their organization.

This course aims to give learners a systematic overview and important compliance function & compliance risk.
Learners will get to know the various sources of compliance risk and the strategies to manage those risks.
The learners will gain deeper insights on global standards of compliance and create a compliance culture in their organization.

Syllabus

Module I: Regulation & Supervision

Banking Regulation

Different Regulatory Approaches

Banking Supervision

Basle Core Principles of Banking Supervision

Common Global Regulations

Emerging Supervision & Regulatory Expectations

Challenges of doing business while meeting regulation

**Module II: Compliance Function **

Definition & Scope of Compliance Function

Compliance Principles- Basel Committee

Compliance Policy & Manual

Compliance governance structure

Role of Compliance Function

Compliance Testing

Compliance Monitoring /Compliance Reporting

Intersection between Compliance & Risk Management

Emerging Trends & Future Outlook

Module III: Compliance in Corporate Governance & Risk Management

Understanding Corporate Governance

Why Corporate Governance

Principles of Corp Governance

Board of Directors & Committees of the Board.

Senior Management

Risk Management & Internal Controls

Compensation

Disclosure & Transparency

Module IV: Financial Crime Risk and Compliance

Understanding Financial Crime

Concept of Money Laundering & Terrorist Financing

Predicate Offences & Role of Financial Service Firms in Financial Crime

Regulatory Landscape

Inhibiting Financial Crime through AML KYC Compliance

Fraud & Cybersecurity

STR/ SAR reporting to FIU

Module V Compliance Risk & Compliance Culture ****

Understanding Compliance Risk

Implications of Compliance Risk: Regulatory Penalties, Reputational Damage, Business Continuity, Frauds

Contributing factors to compliance Risk

Three Lines of Defence

Creating compliance culture

Setting the Tone at Top

Module VI: Ethics in Compliance

Understanding Ethics

Why Ethics

Relationship between Ethical Principles and Regulations, Professional Codes & Internal Code of Conduct

Ethical Behaviour & Rule Based Compliance

Ethical Decision-Making Guide

Market Integrity: Implications of false and misleading statements, behaviours and practices

Fair Conduct: Honesty & Fair Treatment, Acting in Best Interest

ESG Initiatives

Good to know

Know what's good

, what to watch for

, and possible dealbreakers

Develops foundational knowledge and skills in compliance and compliance risk for professionals working in the financial industry

Explores common global standards of compliance, which are essential for professionals in the financial industry to understand

Provides insights into creating a strong compliance culture in banks and financial institutions

Taught by experienced banking professionals who bring their practical knowledge and expertise to the course

Examines the role of compliance in corporate governance and risk management, which are critical areas for financial institutions

Covers a comprehensive range of topics related to compliance, including regulation, supervision, financial crime, and ethics

Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Compliance in Financial Institutions with these activities:

Volunteer with a Non-Profit Focused on Compliance

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Volunteering with a compliance-related organization will provide practical experience and exposure to real-world compliance challenges.

Browse courses on Compliance Culture

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Research non-profit organizations focused on compliance
Identify opportunities to volunteer
Participate in volunteer activities, such as compliance training or awareness campaigns

Attend Webinars on Global Compliance Standards

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Webinars led by industry experts will provide insights into current compliance standards, best practices, and regulatory updates.

Browse courses on Compliance Function

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Search for webinars hosted by reputable organizations or experts
Register and attend the webinars
Take notes and engage in discussions during the webinars

Develop a Compliance Manual for a Hypothetical Organization

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Creating a compliance manual will reinforce the concepts of compliance policy and function, as well as provide practical experience.

Browse courses on Compliance Function

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Research industry best practices and regulatory requirements
Identify key areas of compliance for the hypothetical organization
Draft policies and procedures for each compliance area
Review and finalize the compliance manual with feedback from stakeholders

One other activity

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Show all four activities

Contribute to Open-Source Projects Related to Compliance

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Contributing to open-source projects will provide hands-on experience with real-world compliance tools and technologies.

Browse courses on Compliance Function

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Identify open-source projects related to compliance, such as compliance frameworks or software tools
Review the project documentation and codebase
Identify areas where you can contribute, such as reporting bugs, suggesting improvements, or adding new features

Career center

Learners who complete Compliance in Financial Institutions will develop knowledge and skills that may be useful to these careers:

Risk Manager

A Risk Manager develops and implements strategies to minimize the financial, operational, and reputational risks faced by their organization. This course may be useful for understanding how to identify, assess, and manage compliance risks.

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Regulatory Affairs Specialist

A Regulatory Affairs Specialist stays up-to-date on regulatory changes and advises their organization on how to comply with them. This course may be useful for understanding the global standards of compliance.

See salaries and explore the career path for Regulatory Affairs Specialist

Compliance Officer

A Compliance Officer designs, develops, and implements compliance programs that ensure that their organization adheres to all applicable laws and regulations. This course may be useful for understanding the principles, standards, and procedures relating to the compliance function.

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Cybersecurity Analyst

A Cybersecurity Analyst protects their organization from cyberattacks and data breaches. This course may be useful for understanding the principles and practices of cybersecurity.

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Internal Auditor

An Internal Auditor evaluates the effectiveness of an organization's internal controls and compliance programs. This course may be useful for understanding the principles and practices of internal auditing.

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ESG Analyst

An ESG Analyst evaluates the environmental, social, and governance (ESG) performance of organizations. This course may be useful for understanding the principles and practices of ESG investing.

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Compliance Analyst

A Compliance Analyst monitors and reports on an organization's compliance with applicable laws and regulations. This course may be useful for understanding the principles and practices of compliance monitoring and reporting.

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Compliance Manager

A Compliance Manager oversees the compliance function for their organization. This course may be useful for understanding the principles and practices of compliance management.

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Fraud Investigator

A Fraud Investigator investigates and reports on fraudulent activities. This course may be useful for understanding the principles and practices of fraud prevention and detection.

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Financial Crime Analyst

A Financial Crime Analyst investigates and reports on suspicious financial transactions that may be related to money laundering or terrorist financing. This course may be useful for understanding the principles and practices of financial crime prevention.

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Ethics and Compliance Officer

An Ethics and Compliance Officer develops and implements ethics and compliance programs for their organization. This course may be useful for understanding the principles and practices of ethics and compliance.

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Regulatory Compliance Manager

A Regulatory Compliance Manager ensures that their organization complies with all applicable laws and regulations. This course may be useful for understanding the principles and practices of regulatory compliance.

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Corporate Governance Specialist

A Corporate Governance Specialist advises their organization on how to improve its corporate governance practices. This course may be useful for understanding the principles and practices of corporate governance.

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Anti-Money Laundering (AML) Analyst

An Anti-Money Laundering (AML) Analyst investigates and reports on suspicious financial transactions that may be related to money laundering. This course may be useful for understanding the principles and practices of AML compliance.

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Senior Compliance Officer

A Senior Compliance Officer reports to the organization's chief executive officer (CEO) and is responsible for the overall compliance function.

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