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
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Validate the assumptions inside any model supporting board risk and compliance committees.
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Present the case for investment in compliance committees in terms that a finance function will accept.
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Prepare the regulatory submissions arising from board risk and compliance committees.
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Build a register of the risks attaching to compliance committees and keep it current.
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Distinguish the parts of board risk and compliance committees that must be standardised from those that require judgement.
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Document the approval chain for exceptions to policy on compliance committees.
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Stress test board risk and compliance committees against scenarios that are plausible rather than comfortable.
Who Should Attend
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Operations staff executing and settling board risk and compliance committees.
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Financial technology and change staff modernising compliance committees.
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Consultants and advisers supporting clients on board risk and compliance committees.
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Analysts producing the data on which decisions about compliance committees rest.
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Relationship and product managers whose targets depend on board risk and compliance committees.
