Program Summary

Introduction

Some of the greatest organizational challenges of the 21st century are related to corporate governance, compliance and risk management. Increasing stakeholder demands for transparency are intensified by growing public scrutiny resulting from a range of catastrophic compliance failures from around the globe.

This intensive Certified Compliance Professional (CCP)TM program provides a blueprint for compliance professionals to ensure that the risk profile of your organization is limited by a thorough understanding of your regulatory environment. Led by Mr Sam Gibbins, a compliance specialist with more than 15 years of experience in designing regulations and compliance solutions, you will be equipped with essential compliance management skills and information about the latest regulatory and legislative changes specific to the region. These skills will guide you through an increasingly complex compliance environment and enable you to appropriately develop a strong culture of compliance within your organization.

Through identifying what drives the compliance exposure both at home and abroad, you will learn to develop an effective organizational response to mitigate the risk consequences of non-compliance, and minimize the implications of Sarbanes Oxley for corporate accountability and ethical behaviour. In addition to exploring key areas for information technology (IT) as a contributor to compliance, you will be presented options for implementation along with associated costs.

This program covers meeting regulatory requirements while satisfying the demands of stakeholders by utilizing flexibilities and grace periods within the regulations. You will also be equipped with strategies to optimize organizational structure for compliance and promote behavioral change in creating a pro-active culture of prevention. Driven by practical examples and interactive case studies, this program will ensure that you walk away with both theoretical considerations and contemporary applications of compliance and risk issues relevant to your organization, as well as develop strong networking relationships with industry peers and regulators. Furthermore, you will be designated as a Certified Compliance Professional (CCP)TM, a title that you can use in your resume and business card.

-PROGRAM REQUIREMENTS AND CERITIFICATION-

Delegates must meet the following criteria to be eligible to become (CCP)TM:

• Attendance – delegates must attend all sessions of the course. Delegates who miss more than two hours of the course sessions will not be eligible to sit for the course exam.

• The passing grade is 70% and the passing rate is 90%. The final grade takes into consideration the participation in class and the homework grades, other than the course exam.

• Successful completion of the course assessment – after successfully passing the exam, the certificate will be prepared by the IABFM and will be directly posted to your company address.

What You Can Expect

• Define the meaning of compliance for your organization and develop an organizational response to its demands

• Identify what drives the compliance exposure both at home and abroad

• Mitigate the risk consequences of non-compliance

• Strengthen the relationship between corporate governance and compliance, including the market expectation of that relationship

• Minimize the implications of Sarbanes Oxley for corporate accountability and ethical behaviour

• Optimize organizational structure for compliance

This course places the role of the GRC professional in an array of overlapping contexts in order to help students attain a deep, immersive analysis of the field, the work and its discrete functions. From surveying the broader global regulatory frameworks that underpin compliance to exploring the responsibilities and powers that devolve onto the Securities Commission Malaysia, we proceed to a considered study of the function of, and industry roles associated with, compliance. From there we examine how to manage compliance risk, adopting a rigorous risk management approach, before delving into the idiosyncratic complexities posed by Capital Markets products.

The aim is to provide students with a practical understanding of:
• both the macro and micro pressures associated with GRC
• how to manage regulatory and compliance risk for the benefit of your firm
• how to design and build world-class GRC systems and controls, aligned to ISO 19600 (Compliance
Systems)
• how to protect your firm from the risk of money laundering, financial crime and terrorist financing

-KEY BENEFITS-

• Successful completion of this fully certified course makes you a Certified Compliance Professional (CCP)TM where you can use the designations of (CCP)TM on your business card and resume.

• Up to 18 months membership to the International Academy of Business and Financial Management (IABFM) professional body.

• Access to the IABFM network and body of information online.

• Preferred access to education centers in USA, UK, Europe, Asia, Middle-East and Latin America.

• Access to the IABFM international journal published online.

• Gold Embossed (CCP)TM Certificate with your name and designation as MIABFM-Member (Member of the International Association of Business and Financial Management).

Who Will Benefit Most

Managing Directors, Directors, Senior Managers, Managers, and Compliance professionals from the following divisions:

• Compliance

• Risk management

• Operational risk

• Legal advisers & Lawyers

• In-house corporate counsel

• Audit & Internal audit

• IT with responsibility for the implementation of compliance solutions

• Data security management

• Regulations

Program Outline

Day 1
Module 1: Global Regulatory Frameworks

• Overview of the global regulatory environment
• Models of Regulatory and Compliance development
• The objectives of financial services regulation
• International comparisons and cross jurisdictional challenges
• The role and expectations of regulators
• ISO 19600: Compliance Management Systems
• The regional regulatory environment
• Using regulatory and compliance toolkits
• Identification and management of cross border complexity
• Impact and understanding of FATCA and OECD Common Reporting Standards

Day 2
Module 2: The Compliance Function

• An introduction to compliance
• Compliance structure
• The role of the board of directors, the supervisors, the internal and external auditors
• The Role and Responsibilities of Chief Compliance officer
• Key compliance risk inventory
• General principles of crafting written policy and procedures
• Who are the Stakeholders?
• Corporate Governance
• Compliance training
• Conflicts of interest
• The company and other stakeholders
• Toolkits used to keep stakeholders up-to date on compliance status within the organization
• Managing the regulators and change in regulations
• Creating a Compliance Monitoring Program
• General principles for performing Compliance Monitoring Testing

Module 3: Compliance Risk Management

• Understanding a Risk Management Approach
• Risk Management Approaches and the Risk Based Approach
• The need for Internal Controls
• Understand how to identify, mitigate and control risks effectively
• Approaches to risk assessment
• Risk assessment on approving a conflict request
• Risk culture
• Conduct risk

Day 3
Module 4: Financial Crime Risk

• Understanding Money Laundering
• International frameworks, agencies, and regulatory bodies
• Financial services vulnerability
• The role of the MLRO
• Development of the Risk Based Approach
• Understanding terrorist financing
• Suspicious Transaction/Activity Monitoring, Detection and Reporting
• Designing an effective internal reporting system
• Bribery and Corruption
• Sanctions and their role in the global economy
• Trade Based Money Laundering
• Third Party Risks and Due Diligence

Course Exam