Operational Risk Management in a Period of Disruption – Will Normal Programming Resume Shortly?
In both normal times and uncertain times, policies and procedures seek to give all employees support in the carriage of business activities.
Online Learning Takes Off
The Latest GRC Asia report: Online Learning takes off / Consumption-Based Emissions / Latest version of Salt Compliance LMS
Not a question of if, but a matter of when: the vulnerability of data in business cyberspace
A moment of complacency, a daydream, or a (well-put-together) phishing email is all it takes for hackers to bypass even the most vigilant staff in your organisation.
Measuring Compliance Training Effectiveness
In this article, Thomas Fox, Compliance Evangelist based in Houston, TX, addresses the question, “What if you want to take your post-training analysis to a higher level and begin a more robust consideration of the effectiveness of compliance training?”
Introduction to Risk Management
Course Description
“Everyone can benefit from Risk Management training.”
Alf Esteban, Protecht
We are pleased to offer Protecht’s popular Introduction to Risk Management course. This course introduces the concept and nature of risk as it relates to a range of organisations using a variety of concepts to aid topic understanding.
Chapter 1 identifies the nature and behaviour of risk and explores concepts such as Risk Awareness, Risk Acceptance and the risk lifecycle. It describes how different types of controls minimise risk, and considers the types of risks usually faced by financial institutions.
Chapter 2 considers the aims, objectives and key components of the Risk Management process within an organisation. It expands on the concept of the risk lifecycle, as illustrated by a Risk Funnel chart. It explains the 3 Lines of Defence Model and the various Risk Management Standards and methodologies used globally.
Chapter 3 explores the Risk Management process as defined by ISO 31000 and AU/NZS, and explains how Risk Management tools apply to business processes.
WHO IS THIS TRAINING FOR?
This training is suitable for those seeking an introduction to the field of risk management and those who need to have a broad understanding of risk management.
Course Outline
Module 1 : The nature and types of risk
Module 2 : Risk Management, Frameworks and Standards
Module 3 : The Risk Management Process
Introduction to the Office of Foreign Assets Control (OFAC)
Course Description
This training is for banking staff on how to avoid dealing with sanctioned countries, businesses and persons
There are severe penalties for banks that commit OFAC violations. Staff need to understand how the OFAC works and how to avoid committing violations.
This short, single-module course gives an overview of OFAC, is functions and how it works. The training provides an overview of the Sanctions List and the sorts of individuals and entities that may be included in it.
Learners are introduced to the compliance obligations that OFAC imposes on banks and given information on how they, personally, should act to support the bank in meeting those obligations. The penalties for non-compliance are discussed.
Who is this training for?
The course is a suitable introduction for all banking staff who on-board customers or who handle customer transactions.
Scenario
Jasmine is an executive officer at My Save Bank, which has its head office in Ohio. While undertaking an audit of pending transactions, she discovers a number of large sums of money being transferred to a foreign national in Yemen. Jasmine is concerned that the account name and details look suspicious and are not what My Save Bank would typically deal with.
What should Jasmine do next?
Retail Banking Compliance Training
This course is part of the Retail Banking Compliance Suite
The courses available are
- Introduction to Fair Credit Reporting Act (FCRA)
- Fair Lending
- Introduction to Regulation Z and the Truth in Lending Act (TILA)
- Introduction to Regulation CC and the Expedited Funds Availability Act
- Introduction to Regulation E and the Electronic Funds Transfer Act
- Introduction to Regulation D: Reserve Requirements
- Introduction to Regulation DD and the Truth in Savings Act
For more details, click on the course names above.
Course Outline
- Explain the background and purpose of OFAC
- Describe who must comply with OFAC
- Explain the purpose of the SDN list
- Promote understanding of the penalties for violations, civil and criminal
So be good for goodness sake: workplace behaviour at end-of-year events
As we head into the silly season, it’s worth keeping in mind that silliness is no excuse for poor standards of behaviour or even misconduct at work functions.
Webinar: The new Global Estimates of Modern Slavery – The numbers, methodology & implications for supply chain risk mitigation
On 12 September, for the first time since 2017, new Global Estimates of Modern Slavery will be announced.
Free Webinar: Key sustainability considerations for asset managers for 2024
In 2024, businesses and financial institutions are expected to embrace ESG criteria not just for compliance or risk management, but as a chance to fundamentally transform their business models to become more sustainable and increasingly more transparent
Insider Trading
Course Description
Many organisations have a large number of employees who could come into contact with confidential information that could affect the share price of a listed company.
Are all of your employees familiar with insider trading laws? A person does not need to be an employee of a stockbroker or merchant bank to be caught by these laws.
Many listed companies have a large number of employee shareholders. Those employees should know when they can trade in the company’s shares.
Who is this training for
This training is suitable for anyone who comes in contact with confidential information regarding the share price of a listed company, such as:
- personal assistants
- senior managers
- staff in mail rooms
- IT departments
Custom courses
We have two versions of this course available:
- Generic course
- Insider Trading for Financial Services Organisations
Course Outline
- Module 1: Introduction to insider trading
- Module 2: Who is an insider?
- Module 3:What is trading?
- Module 4: Trading in Your Companys Securities?
Foundation Member
Established in 2016, the RegTech Association is a collaboration of members, focused on developing best practice for the compliance sector.
