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Compliance in Practice

Gain insights into the practical application of compliance by considering the need for a risk-based approach, managing stakeholder behaviour, prudential compliance and the importance of maintaining financial crime compliance.

Created by the subject matter experts within the International Compliance Association this certificate program highlights the value in adopting a risk-based approach to compliance and the process of risk management. It introduces you to the core elements of conduct risk, the importance of maintaining prudential compliance and the different financial crime risks faced by firms. You will also look at data protection, the impact of a global pandemic on compliance and understand the environmental, social and governance risks that firms must manage.

This course is suitable for professionals working in or aspiring to work in compliance, including internal and external audit staff, those working in risk functions, and regulatory representatives. Given the level of this qualification, it would be best suited to individuals who are early in their compliance career.

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What's inside

Learning objectives

Upon completion of this course, participants should be able to:
Outline the benefits of taking a risk-based approach to compliance
Understand the core elements of conduct risk
Appreciate the importance of prudential compliance
Recognise the need for financial crime compliance

Detail the importance of data protection
Understand why managing change effectively is essential
Explain what is meant by environmental, social and governance (esg) and consider the consequences for the compliance function
Describe the implications of a global pandemic on compliance

Upon completion of this course, participants should be able to:
Outline the benefits of taking a risk-based approach to compliance
Understand the core elements of conduct risk
Appreciate the importance of prudential compliance
Recognise the need for financial crime compliance
Detail the importance of data protection
Understand why managing change effectively is essential
Explain what is meant by environmental, social and governance (esg) and consider the consequences for the compliance function
Describe the implications of a global pandemic on compliance

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Explores financial crime compliance, which is standard in financial and compliance careers

Taught by experts within the International Compliance Association, indicating likely relevance for industry

Examines environmental, social and governance (ESG) issues, which are highly relevant for modern businesses

Develops risk management skills, which are core skills for compliance professionals

Includes a mix of media, such as videos, readings, and discussions, for a comprehensive learning experience

Prerequisites are not explicitly stated, allowing for flexibility in a learner's journey

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Reviews summary

Practical compliance for early career professionals

According to students, 'Compliance in Practice' is a highly practical and valuable course, especially for early career professionals entering the compliance field. Learners consistently praise its well-structured content and clear explanations, which make complex topics digestible. The course is noted for its coverage of highly relevant, modern issues like ESG risks and the impact of a global pandemic, alongside core elements such as financial crime compliance and a risk-based approach. While some learners with prior experience found the content too high-level, the course generally provides a solid foundational understanding across a broad spectrum of compliance areas.

Offers a broad and clear understanding of core compliance.

"A solid foundation for compliance. The section on data protection was particularly useful."

"It covers a broad range of topics like ESG and financial crime with excellent clarity."

"Very informative for understanding the breadth of compliance."

Perfectly suited for those new to compliance.

"Excellent program for early career professionals."

"As someone just starting in compliance, I found it incredibly valuable."

"Absolutely essential for anyone new to compliance."

Provides highly relevant and applicable insights.

"This course provided a highly practical overview of compliance."

"I especially appreciated the modules on ESG risks and the impact of a global pandemic, as these are highly relevant topics today."

"I particularly liked how it emphasized the practical application of concepts."

Delivery could be more interactive for some learners.

"While the topics are important, I found some of the lectures quite dry."

"I prefer more engaging delivery methods."

"I think adding some interactive elements or more practical exercises would improve engagement."

May lack advanced depth for seasoned professionals.

"Good for beginners, but I found it a bit too high-level for my existing experience."

"I was hoping for more advanced insights into regulatory frameworks."

"Some areas could benefit from slightly more in-depth case studies."

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 Practice with these activities:

Review the basics of financial crime compliance

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Review the basics of financial crime compliance to strengthen existing knowledge and refresh skills.

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Read articles and blog posts on financial crime compliance
Take online courses or webinars on financial crime compliance
Attend industry conferences and workshops on financial crime compliance

Read 'Compliance Risk Management' by Michael Rasmussen

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Read 'Compliance Risk Management' to gain insights from industry experts and strengthen understanding of compliance concepts.

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Acquire a copy of 'Compliance Risk Management'
Read the book and take notes
Apply the concepts to real-world scenarios

Follow tutorials on risk management in compliance

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Follow tutorials on risk management in compliance to develop a deeper understanding of the concepts.

Browse courses on Risk Management

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Find tutorials on risk management in compliance
Follow the steps outlined in the tutorials
Practice applying the concepts to real-world scenarios

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Join a study group focusing on compliance

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Join a study group focusing on compliance to engage with other learners and reinforce understanding.

Browse courses on Compliance

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Find a study group focused on compliance
Participate in discussions and share insights
Work together on practice problems and case studies

Create a presentation on the importance of prudential compliance

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Create a presentation on the importance of prudential compliance to enhance understanding and communication skills.

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Research the topic of prudential compliance
Organize your thoughts and create an outline
Develop slides and visuals
Practice presenting

Practice applying the principles of data protection in compliance

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Practice applying the principles of data protection in compliance to enhance practical skills and knowledge.

Browse courses on Data Protection

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Identify scenarios involving data protection in compliance
Analyze the scenarios and apply the relevant principles
Develop solutions and recommendations

Attend a workshop on environmental, social, and governance (ESG) risks

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Attend a workshop on environmental, social, and governance (ESG) risks to stay updated on emerging trends and best practices.

Browse courses on Sustainability

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Identify relevant ESG risks workshops
Register and attend the workshop
Participate actively in discussions
Follow up on key takeaways

Contribute to open-source compliance projects

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Contribute to open-source compliance projects to gain practical experience and demonstrate expertise.

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Identify open-source compliance projects
Review the project documentation
Contribute code or documentation to the project

Career center

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

Reading list

We've selected 41 books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in Compliance in Practice.

Financial Risk Manager Handbook

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A definitive guide to financial risk management, this handbook provides in-depth analysis of methods for measuring and managing risk in financial institutions. It covers various types of financial risk and crucial reference for professionals and advanced students in finance.

Compliance in Practice

What's inside

Learning objectives

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Reviews summary

Practical compliance for early career professionals

Activities

Career center

Reading list

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