Compliance Management - Introduction; Laws and Regulations

Why Should You Attend:

Today in all financial markets, a formal compliance management system is a requirement. Beyond the regulatory requirements, compliance management has become a cornerstone of the principles of good corporate governance.

The past two decades has seen massive cases of financial miss-reporting, corruption, fraud, money-laundering and other ethical lapses. Names of firms like Enron, WorldCom, Xerox, Siemens, and now Wirecard come to mind.

The pressures on financial institutions and corporations to more transparently manage their compliance exposures have increased many times over.

Learning Objectives:

• Define the meaning of compliance in their firm / organization and be able to develop an organizational response to its demands.
• know and understand what drives their firm’s / organization’s compliance exposure both in their home countries and abroad.
• understand the risk consequences of non-compliance.
• appreciate the relationship between corporate governance and compliance, including the market expectation of that relationship.
• understand the implications of regional legislation (such as Sarbanes Oxley in the U.S.A. for corporate accountability and ethical behavior.
• understand how to produce a corporate compliance program tailored to their own organization.
• learn how to optimize their organizational structure to ensure maximum compliance.

Areas Covered in the Webinar:

• The GRC trilogy
• Governance, Risk Management and Compliance
• The compliance officer
• Key functions of the compliance department
• Regulation
• Corporate governance
• Corporate governance principles for banks
• Risk governance – A thematic review
• A risk governance framework
• Internal controls – Governance, Risk and Compliance
• Risk management – A wider view
• OECD principles of corporate governance

Who Will Benefit:

All professionals with responsibility for compliance and/or risk management will benefit by attending specifically:

• Directors and Senior Managers
• Company Secretaries
• Compliance Professionals
• Risk Managers
• Operations Managers
• Legal Advisers and Lawyers
• In-House Corporate Counsel
• Auditors and Audit Managers
• Compliance Officers and managers
• Senior staff in front, middle- & back-office and line functions.

From the following Industries:

• Banks, community banks, financial institutions, credit card operators, fund remittance operators, fintech operations.

Stanley Epstein
Company Director & Principal Associate, Citadel Advantage

Stanley is a Principal Associate and Director of Citadel Advantage Ltd., Since 2001 Citadel Advantage has been working with banks and financial institutions to make them safer and more profitable, through consulting and training, specifically in the key areas of Governance, Risk Management and Compliance.

Stanley has over 40 years of banking and IT experience, 33 of which were with the Standard Bank of South Africa where during the 1990s he filled an industry level role holding several key positions including that of Chairman of the PASA Risk Committee. He also represented South Africa at two sessions, in New York, of UNCITRAL (the United Nations Commission on International Trade Law).

He holds a Master Degree in Economics and a Bachelor of Commerce (BCom.) degree, both from the University of South Africa, Pretoria.

Stanley has had extensive exposure to banking practice and banking operations in a number of countries including the USA, United Kingdom, South Africa, Israel, Europe and Australia. He has also acted as advisor to a number of central banks on payment systems, oversight, policy and payments risk issues.

More recently, he spent time in the high-tech sector as a payment systems designer and consultant to a global payments software developer.

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