Compliance in Financial Institutions

Non-compliance has dire consequences, like regulatory penalties, sanctions, risk of fraud, other financial losses and huge reputational losses for the organization.

To improve compliance level in any organisation, compliance function must be supported by a healthy compliance culture within the organization. A health compliance culture can be sustained only if everyone in the organization is well aware and concerned about it and compliance is trated as an integral part of the business.

State Bank Academy trains professionals from in and around India in the field of compliance. Our core strength lies in experienced faculties, who are professional bankers with hands on experience of working in this domain.

This course will delve in to various principles, standards and procedures relating to compliance function consistent with the Global Compliance perspective and is aimed at improving the compliance level and developing a compliance culture in banks/financial institution.

Module I: Regulation & Supervision

• Banking Regulation

• Different Regulatory Approaches

• Banking Supervision

• Basle Core Principles of Banking Supervision

• Common Global Regulations

• Emerging Supervision & Regulatory Expectations

• Challenges of doing business while meeting regulation

**Module II: Compliance Function **

• Definition & Scope of Compliance Function

• Compliance Principles- Basel Committee

• Compliance Policy & Manual

• Compliance governance structure

• Role of Compliance Function

• Compliance Testing

• Compliance Monitoring /Compliance Reporting

• Intersection between Compliance & Risk Management

• Emerging Trends & Future Outlook

Module III: Compliance in Corporate Governance & Risk Management

• Understanding Corporate Governance

• Why Corporate Governance

• Principles of Corp Governance

• Board of Directors & Committees of the Board.

• Senior Management

• Risk Management & Internal Controls

• Compensation

• Disclosure & Transparency

Module IV: Financial Crime Risk and Compliance

• Understanding Financial Crime

• Concept of Money Laundering & Terrorist Financing

• Predicate Offences & Role of Financial Service Firms in Financial Crime

• Regulatory Landscape

• Inhibiting Financial Crime through AML KYC Compliance

• Fraud & Cybersecurity

• STR/ SAR reporting to FIU

Module V Compliance Risk & Compliance Culture ****

• Understanding Compliance Risk

• Implications of Compliance Risk: Regulatory Penalties, Reputational Damage, Business Continuity, Frauds

• Contributing factors to compliance Risk

• Three Lines of Defence

• Creating compliance culture

• Setting the Tone at Top

Module VI: Ethics in Compliance

• Understanding Ethics

• Why Ethics

• Relationship between Ethical Principles and Regulations, Professional Codes & Internal Code of Conduct

• Ethical Behaviour & Rule Based Compliance

• Ethical Decision-Making Guide

• Market Integrity: Implications of false and misleading statements, behaviours and practices

• Fair Conduct: Honesty & Fair Treatment, Acting in Best Interest

• ESG Initiatives