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
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.
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
Introduction to Trade Finance
Course Description
Trade is not without risk for buyers and sellers, and international trade has certain features that enhance that risk.
In a globally interconnected world trade has become a part of our daily lives. This prominent feature of the global economy has developed and matured over hundreds of years and is a tribute to human ingenuity to cooperate for mutual benefit. However, trade is not without risk for buyers or sellers and international trade has certain features that enhance that risk. Banks have traditionally played a crucial role as facilitators to mitigate the risks inherent to international trade. This training will review features of international trade, focus on the financing of trade and in particular on the role that banks play.
The Introduction to Trade Finance e-learning course has especially been designed by subject matter experts to provide banking professionals with an overview of Trade Finance and the role of Financial Institutions.
Link with Trade Based Money Laundering
On completion of the course you will have developed a good foundational understanding of global trade and how companies settle their international commerce. Therefore this course, in combination with i-KYC’s TBML course, will also be valuable for learners who are still developing their technical Trade Finance knowledge.
Who should do this training?
This course is suitable for:
- Client-facing Commercial Bankers
- Trade & Commodity Finance specialists
- Customer support staff
- Risk Management analysts
- AML Compliance officers.
Download the course outline here
Specialized Financial Economic Crime Training
GRC Solutions is thrilled to collaborate with leading financial crime advisory firm, i-KYC, pairing their premium content library with our award-winning Salt Learning technologies to improve your approach to addressing Financial Economic Crime (FEC).
Download our brochure here
Course Outline
Module 1: Introduction
- Fundamentals of International Trade
- International Trade Governance & Risks
- Introduction to Trade Finance
Module 2: Trade Settlement Methods
- Clean Payments
- Documentary Collections
- Letter of Credits
- Guarantees
Module 3: Risks & Roles of Banks
Module 4: Knowledge Check
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
Foundation Member
Established in 2016, the RegTech Association is a collaboration of members, focused on developing best practice for the compliance sector.
