Governance, Risk and Regulatory Compliance

Unit 1: Understanding Governance, Risk and Regulatory Compliance

• What is effective regulatory compliance?
• Conduct of business
• Prudential compliance
• What are the objectives of compliance?
• What is integrity in the eyes of the regulator?
• Managing regulatory compliance in a dynamic environment

Unit 2: Why we need to understand the regulated environment

Part A – Contexts

• History: why it is so significant
• Does this mean that regulation failed?
• The key influences on the regulatory environment

Part B – Application

• So, what is happening now?
• Know your regulator in the environmental context
• The future: developments

Unit 3: Why are governance and culture essential for effective regulatory compliance risk management?

Part A – Contexts

• Introduction and some definitions
• Culture and values
• Behavioural compliance
• Accountability and responsibility
• Ethics and integrity
• Remuneration
• Corporate governance codes, regulation and compliance

Part B – Application

• Using corporate social responsibility as a tool to embed values, ethics and principles
• The benefits of effective GRC
• Ethics in practice: combatting financial crimes and avoiding reputational damage

Unit 4: The role of the compliance department and the compliance professional

Part A – Key requirements

• Training and education
• Advice, guidance and consultation
• Assurance and reporting
• Relationship management
• Knowledge

Part B – Practicalities

• Designing and implementing systems and controls
• Managing change
• Examples of what good looks like

Unit 5: Risk management as the key to effective compliance

• Understanding regulatory risk
• The risk management process
• Systems and controls are risk management tools
• What to remember when designing an effective risk management system
• Opportunities and threats from risk management developments
• Dealing with regulatory issues and enforcement

Unit 6: Some case studies