Compliance Management - Introduction: Laws & Regulations (Part 1)

Duration 90 Mins
Level Intermediate
Webinar ID IQW20H0849

  • In Part 1 we cover;
  • 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

Overview of the webinar

Creating a culture of compliance is an important risk management strategy. Recent corporate collapses have reflected the need for good corporate governance and an effective compliance program is an integral part of this structure. This introduction to Compliance Management provides a blueprint for compliance professionals to follow to ensure that the risk profile in his/her organization is limited by a thorough understanding of the individual regulatory environment.

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.

This is the first of a series of seven webinars on the subject of Compliance Management. This session is an Introduction and a closer look at laws and regulations in the compliance field.

Who should attend?

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.

Why should you attend?

  • Attending the full series will allow you to:
  • Define the meaning of compliance in your firm / organization and be able to develop an organizational response to compliance demands
  • Understand what drives your firm’s / organization’s compliance exposure both in the home country and abroad
  • Understand the risk consequences of non-compliance
  • Understand 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
  • Learn how to create a corporate compliance program tailored to your own organization
  • Learn how to optimize your organizational structure to ensure maximum compliance

Faculty - Mr. Stanley Epstein

Stanley Epstein has a Master’s in Economics, which he earned with a dissertation on financial innovation, and a Bachelor’s in Accounting. He has had extensive experience in banking and IT specifically the operations, payments, RTGS and the operational risk aspects of banking in the UK, Europe, the USA, Australia and Southern Africa. His bank-operations, payments systems, operational risk, and clearing house experience is wide ranging and includes working closely with organizations such as UNCITRAL, Deutsche Bank and CHIPS in New York; APACS, British Bankers Association, CLS and Barclays Bank in London; Crédit Agricole in France; UBS and Credit Suisse in Switzerland, the central bank in the Netherlands; Alpha Bank in Greece; the central bank in Romania; the central bank in Kazakhstan; Bank Leumi and the central bank in Israel; the Standard Bank, Clearing Bankers Association; Bankserv and the central bank in South Africa and ANZ and Commonwealth Bank in Australia.

 

Commencing his career at the Standard Bank of South Africa he gained a thorough grounding in all aspects of banking ranging from the bank’s branch system, back-office payments processing. He was also closely involved in the development of electronic banking at the Standard Bank. At a banking industry level he was involved in the creation and development of STRATE (Central Securities Depository) in South Africa dealing with the dematerialization, clearing and settlement of all financial instruments in that country. He also served as Vice Chairman of the South African Clearing Bankers Association’s ERAG Group (an interbank payments/operations risk initiative established to identify and eliminate operational, legal and other risks in electronic payments) and later as Chairman of the Payments Association of South Africa Operational Risk Committee.

On leaving South Africa he joined Fundtech Corporation, a leading provider of financial technology based in the US.

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