Risk Based Compliance Monitoring Programme

At Redcliffe, our risk and compliance training is delivered by a time-served specialist with a lengthy and fast-tracked career in the finance industry. Experiencing early success with Lloyds Bank, our trainer worked through differing roles, quickly making his way to senior management, within the private banking & wealth management division.

During his tenure with Lloyds Bank, this trainer was headhunted to join a merchant bank at the main board director level. Here he headed the private bank and the group risk management function. With forty-plus years dedicated to this industry, there’s nobody better suited to deliver compliance risk training.

Having worked freelance since retirement, our dedicated expert works as an external Master Trainer at HSBC and Bank of China. He helped design their global flagship Risk Management Programme, aiding its delivery worldwide over the last five years. Working with huge companies through to partnerships, this trainer delivers extensive compliance and risk training in the UK, USA, South America, Europe, Africa, Asia and the Middle East.

Compliance risk management training covers:

• The importance of an effective compliance function
• How to successfully employ a risk-based approach for effective resource allocation
• The immediate impact of an effective compliance program
• How to recognise the damage caused by an ineffective process
• Appreciating good compliance must be embedded into the culture of an organisation (it can’t just be imposed)
• The importance of keeping up with regulatory changes
• Ensure processes are robust, effective and can be demonstrated to all stakeholders concludes this risk based compliance course

• Risk and compliance training is highly sought after and at Redcliffe, we have been the primary training supplier to two of the world’s largest banks, for many years
• This is a core competency for us and we’re certain nobody delivers more effectively than Redcliffe Training
• Programs are delivered by an acknowledged subject matter expert, who has run similar sessions with the world’s largest trade finance bank
• Our trainers aren’t simply ‘academics’ as opposed to long-serving industry experts achieving at minimum a senior management position
• Our course director has been in the industry for over 40 years. He was a former main board director of a London-based merchant bank
• Compliance risk training is packed full of real-life case studies and discussion sessions. Delegate involvement is encouraged at all times
• We are judged solely by our results and are proud to say that participant feedback over many years has always been of the highest quality regarding this course

Compliance and risk training is a comprehensive programme at Redcliffe and a ‘must know’ for:

• Anyone in a compliance, risk or support/challenge function
• Senior and top managers seeking a better understanding of their responsibilities
• Compliance & Risk Officers
• Internal audit
• Department Heads, Team Leaders & Supervisors
• Anyone with an interest or whose roles and responsibilities involve compliance and/or risk oversight will benefit from compliance monitoring training

Risk and compliance training at Redcliffe covers the necessary information required to further progress. Courses can be fully personalised upon request and delivered to your team accordingly.

Under the SMCR, risk management is now very ‘personal’ across the whole regulatory financial services industry; the concept of ‘risk ownership and management’ resting with the SMF, has changed the role of compliance and it’s important to remain current.

Regulatory requirements have grown exponentially in recent years, now touching almost all operational areas. Compliance has become extremely complex and expensive with extensive new regulations, multiple overlapping information sources, and operational impacts that are difficult to identify and track. Financial Institutions typically manage compliance workflows manually. As a result, compliance and operational costs are high, compliance requirements and timelines are missed, exam and audit exceptions occur and liability risk increases. Compliance risk management training and the relevant attributes should be in place before things escalate to this point.

A risk-based approach involves identifying high-risk areas within your organisation's compliance universe and then building and prioritising investment around these. Compliance risk training focuses your organisation and resources on the areas most likely to cause concern. This risk-based approach also re-positions compliance from a function executed in a vacuum to one that provides real value and reaches into each part of the business supported by relevant analysis, understanding and documentation.