In the rapidly evolving world of governance and regulation, understanding and managing risks is crucial. This training will equip you with the key skills and insights necessary to apply a thorough risk assessment to compliance risks.

In this training, we will explore the fundamental principles of risk assessment and how they apply to various compliance areas. Identifying, evaluating, and managing risks is vital to ensure compliance with regulations and maintain the integrity of your financial institution. We will delve deeper into the regulatory framework and examine methodologies for risk assessment. Throughout the training, we will discuss tools to identify risks, assess their impact, and implement strategies to remain compliant.

The objectives of this training are:

• provide a comprehensive understanding of the principles of risk assessment regarding compliance.
• share knowledge of relevant regulations and requirements with the aim of enabling financial institutions to remain fully compliant.
• offer strategies to efficiently allocate resources to areas with the highest risk, thereby allowing financial institutions to focus their efforts more effectively.

CONTENT

Context and objective

• Regulatory Framework: exploration of the legal and regulatory landscape and analysis of relevant laws and regulations.
• Objectives and requirements of the regulator.

Methodologies and Governance

• Various perspectives in approaching CRA (Compliance Risk Assessment) processes.
• Identification of inherent and residual risks in CRA processes.
• Documentation of CRA procedures and outcomes. 

Practical Tips and Case Studies

• Organization of workshops.
• Determination of risk categories.
• Identification of the inherent risk of specific activities or processes.
• Suitability and relevance of internal control measures.
• Determination of residual risk and implementation of preventive measures.

PRACTICAL INFORMATION

• Duration: ½ day training (3 class hours)
• Hours: 09:00 to 12:30
• Location: This training will be given online
• Language: This training will be given in English
• Additional information: How do you start the webinar? You will receive a login and password by email to access our platform. In the platform you will find a link. By clicking on the scheduled date the webinar will start. 

You follow a ‘Live webinar’ digitally in a group. It is ‘learning-apart-together’. At an agreed time, the teacher and participants log in to a video conference tool, each from his or her own location and with his or her own computer. Via this tool’s camera, microphone and chat function, there is an opportunity for interaction and feedback, both from the participants to the teacher and vice versa. The teaching material consists as a basis of a presentation via the MyFA learning platform, supplemented with various other items (such as digital syllabus, presentation, audiovisual fragments, etc.).

Course material: PowerPoint presentation

• For those who wish to go beyond the basics
• No travel time, but direct contact
• Deepen your knowledge and obtain recognized continuing professional development hours

• Be on time for the webinar. It’s best to join 10 minutes before it starts.
• Unexpected delay or technical issue ? You can reach us at +32 (0)2 507 69 61.
• To start the webinar, log in to the learning platform and open the training’s video conference link.
• You don’t need to download the video conference tool if you prefer not to; you can participate via your internet browser.
• If you haven’t logged in to the platform before, do so ahead of the training day.
• We recommend to review the learning material in advance and prepare your questions.

• To receive your (CPD) participation certificate for a live webinar, your presence and active participation are required throughout the entire session. Interaction is key to our trainings, whether through direct conversation, poll questions or chat.
• Your (CPD) participation certificate will be published on your MyFA account the day following the course.
• Febelfin Academy wishes you a great learning experience.

This training course can be followed by:

• Compliance Officers and their staff;
• Internal auditors;
• Risk managers and employees risk;
• responsible officers and employees internal control;
• .…