Validate the assumptions inside any model supporting board risk and compliance committees.
Establishing Risk and Compliance Committees Within Bank Boards
Build a working method for board risk and compliance committees that stands up to scrutiny and survives daily pressure.
📍 Tripoli🗓️ 5 training days📚 4 modules🎓 Accredited certificate
5intensive training days
4scientific modules
8training sessions
32detailed points
Course Overview
The audit trail behind board risk and compliance committees matters as much as the decision itself. Capital, liquidity and reputation are all exposed by weak handling of compliance committees. The course sets out a working method for the practice within financial and banking practice that participants can apply the week they return. Participants develop a defensible line of reasoning for the choices they make about board risk and compliance committees. Teams frequently over-invest in documenting this part of financial and banking practice and under-invest in testing it. The method assumes participants will be challenged on their handling of compliance committees and prepares them for it. The content is relevant to those who own board risk and compliance committees and to those who are held accountable for its results. Field experience suggests that the barrier to better compliance committees is rarely technical. The course ends by identifying what the participant will stop doing to make the practice within financial and banking practice sustainable.
Expected Learning Outcomes
Present the case for investment in compliance committees in terms that a finance function will accept.
Prepare the regulatory submissions arising from board risk and compliance committees.
Build a register of the risks attaching to compliance committees and keep it current.
Distinguish the parts of board risk and compliance committees that must be standardised from those that require judgement.
Document the approval chain for exceptions to policy on compliance committees.
Stress test board risk and compliance committees against scenarios that are plausible rather than comfortable.
Who Should Attend
Operations staff executing and settling board risk and compliance committees.
Financial technology and change staff modernising compliance committees.
Consultants and advisers supporting clients on board risk and compliance committees.
Analysts producing the data on which decisions about compliance committees rest.
Relationship and product managers whose targets depend on board risk and compliance committees.
Regulatory reporting analysts covering compliance committees.
Course Modules
Board risk and compliance committees: risk appetite, limits and policy
2 sessions · 8 pointsSession 1Stress scenarios for board risk and compliance committees that are plausible rather than convenient
- Establish who is informed, consulted and accountable in board risk and compliance committees.
- Review the pricing of compliance committees against the risk being assumed.
- Review whether board risk and compliance committees is aligned with the objectives of the business line.
- Translate the appetite for compliance committees into limits someone monitors daily.
Session 2Where compliance committees typically breaks, and why
- Document the remediation plan for each known weakness in board risk and compliance committees.
- Verify reconciliation and settlement controls covering compliance committees.
- Collect evidence on the present handling of board risk and compliance committees before proposing changes.
- Prepare the summary of compliance committees that senior management will read.
Compliance committees: stress testing and scenario analysis
2 sessions · 8 pointsSession 1Who answers for compliance committees, and to whom
- State the risk appetite for board risk and compliance committees as a number, not an adjective.
- Check the accounting treatment applied to compliance committees against current standards.
- Design the exception process for board risk and compliance committees and require a documented rationale.
- Reduce the variation in how compliance committees is carried out between teams.
Session 2What compliance committees does to capital and liquidity under stress
- Define the trigger that would require board risk and compliance committees to be redesigned.
- Rehearse the briefing on compliance committees that would follow an incident.
- Confirm segregation of duties across initiation, approval and settlement of board risk and compliance committees.
- Verify six months later that changes to compliance committees have held.
Compliance committees: reporting that supports a decision
2 sessions · 8 pointsSession 1What to measure in compliance committees and what to ignore
- Agree who signs off board risk and compliance committees and record that they did.
- Identify the data already collected that bears on compliance committees.
- Establish the boundary of board risk and compliance committees and record what sits outside it.
- Prepare the evidence pack demonstrating compliance committees operated as designed.
Session 2What a supervisor will ask about board risk and compliance committees, and in what order
- List the assumptions in any model supporting board risk and compliance committees and when each was last challenged.
- Set early warning indicators for compliance committees with defined action thresholds.
- Confirm reporting on board risk and compliance committees reaches the committee that can act on it.
- Confirm client due diligence standards applied to compliance committees are current.
Compliance committees: regulatory obligation and supervisory expectation
2 sessions · 8 pointsSession 1Pricing compliance committees for the risk actually taken
- Test board risk and compliance committees against a scenario the organisation would rather not model.
- Set out the decisions in compliance committees that require sign-off and by whom.
- Assess the capital consumed by board risk and compliance committees under current and stressed conditions.
- Compare the cost of compliance committees with the cost of its absence.
Session 2Setting a limit on compliance committees that will actually be respected
- Record the rationale for each significant choice made about board risk and compliance committees.
- Confirm that contractual obligations around compliance committees are understood.
- Set escalation thresholds for board risk and compliance committees that work out of hours.
- Check that compliance committees still works when volumes rise unexpectedly.
Choose the package that suits you
Silver Package
At least 3 people
USD1,250
- Workshop or Program Participation
- Airport Transfers
- Customized Badge
- Expert Mentorship (Private Sessions)
- Supervision & Secretarial Services
- Accredited Certificate of Participation
- Complete Training Kit
- Coffee Break
- Closing Ceremony
Gold Package
At least 3 people
USD1,850
- 5-night stay in a 5-star hotel
- Workshop or Program Participation
- Airport Transfers
- Customized Badge
- Expert Mentorship (Private Sessions)
- Supervision & Secretarial Services
- Accredited Certificate of Participation
- Complete Training Kit
- Coffee Break
- Closing Ceremony
Complete your registration
We will contact you within one business day to confirm.