Advanced Sanctions Risks

Sanctions risk training at Redcliffe is delivered by an investment banking governance, audit, risk and compliance specialist who has extensive international experience. He holds an MBA from CASS Business School, London and is a Chartered Certified Accountant.

He worked for Price Waterhouse in Kingston, Jamaica before arriving in London just after the Big Bang in 1986. He has worked for several major institutions including Manufacturers Hanover Trust, Continental Bank, CIBC and ABN AMRO. His roles have included internal audit, product control, risk management and SOX.

In addition to gaining experience in the major global financial centres the above roles covered all aspects of regulation, governance and internal controls over the origination, sales and trading of a broad range of investment banking and capital market products. These products include credit trading and credit derivatives; asset securitisation and structured finance; foreign exchange and foreign exchange options; interest rate derivatives; commodities and treasury.

This sanctions risk course trainer has also served as a business manager where he played a leading role in the development and implementation of major strategic initiatives within global banking and markets. This was followed by the delivery of a training and cultural change programme in alignment with that strategy, across 50 countries.

He currently delivers financial crime courses for major banks (HSBC, Soc Gen, SMBC, RBS, Lloyds, Nordea and Handelsbanken) covering AML, Sanctions, Tax Evasion, Terrorist Financing Bribery & Corruption, as well as their related governance aspects. This delivery encompasses frontline staff and senior managers across global markets, private, corporate and retail banking in the UK, Europe, Asia, the Middle East, Africa, the US and the Americas. He was a Master Trainer on HSBC’s global financial crime training programme.

Based on his considerable experience in the financial markets, he has developed specialist AML and Sanctions courses in financial market products, securities and investments. He has also run train-the-trainer (TTT) courses and delivered presentations in front of US regulators. In addition, he has delivered training programmes in Audit, Conduct Risk, Operational Risk, Treasury, Basel III, Liquidity Management, Capital Management and the Internal Capital Adequacy Assessment Process (ICAAP).

He is also the author of three books including Clearing The Bull, The Financial Crisis And Why Banks Need A Human Transformation (2012 iUniverse).

To assist you in developing:

• An understanding of the major US, EU and UK sanctions regimes and how they impact financial institutions. Especially those concerning Russia, Iran, North Korea, Syria, Cuba, Belarus and China.
• A deeper understanding of the nature of sanctions regimes and the nature of sanctions risk exposures.
• A deeper understanding of how sanctions risk exposures arise, how they permeate business activities in financial institutions and their business relationships.
• Awareness of some of the key sanctions risk management topics and issues that must be addressed within financial institutions.
• The major challenges presented by sanction evasion techniques.
• Best practices in deterring and detecting sanctions risk violations.
• Sanctions training will ensure you gain a greater awareness of the roles and responsibilities of managing sanctions risks.

Sanctions training is designed to provide:

• An overview and analysis of major Western sanctions regimes.
• Insight into how sanctions risk exposures arise and how they might be properly assessed.
• Effective insights, approaches and best practices in the management and mitigation of sanctions risk exposures.
• Numerous case studies and exercises are drawn directly from specific events and institutional failures. As such, this sanctions risk course will be highly interactive.
• The course is developed and delivered by a professional trainer with extensive experience in banking and the financial markets, as well as training in financial crime in both wholesale and retail markets.

This sanctions risk course is suitable for staff in entities with sanctions risk exposures, including:

• Banks, assets managers, hedge funds, brokers and other financial institutions with sanctions
  • Compliance, Audit, Legal and other Risk Professionals
  • Frontline Relationship Managers, Advisors, Salespersons and Traders who make routine decisions on financing and investment on behalf of their customers and their firms
  • Customer Due Diligence, Transaction Processing, Operations and Administrators
• International Law Firms, Accountants, Real Estate Agents, Trust & Corporate Services
• Commodity Trading Firms
• Oil companies and Multinationals

This sanctions course is designed to improve your awareness and knowledge of sanctions risks in financial and non-financial institutions. It focuses on some of the most significant control issues and how best to approach the development of a sanctions risk management framework.

Sanctions risk training will be of significant benefit to sanctions specialists, financial crime specialists and other risk professionals, as well as executives and managers who have a responsibility for managing their organisation’s sanctions risk exposures.