Compliance Analyst Certification Course

Why Select this Training Course?

Compliance has rapidly become mandatory when there are heavy punishments for financial crimes and heightened enforcement of organizational functions. The role of the compliance analyst cannot be overemphasized; it has become more important in mitigating foreseen and unforeseen risks in the tightening supervisory and regulatory environment with huge and subject to criminal and civil liability for non-compliance.

This Rcademy course will focus on international standards recommended in creating a compliance framework to strengthen any organization’s existing compliance culture. With the knowledge acquired in this course, the participants will gain hands-on and practical experience to enhance their organization’s compliance culture through better procedures and policies.

Compliance certification is the required credential that shows that a professional has met the required and important criteria to be recognized internationally as a certified compliance analyst. The criteria can vary from one supervisory body to another, but they will include rigorous standards for the right professional code of conduct.

How do I become a certified compliance analyst?

The compliance analyst certification requires one to undertake a certification examination or have at least two years of field experience. The knowledge contained in this course is also relevant to obtaining this certification.

The Compliance Analyst Certification Course by Rcademy is prepared to ensure you are ready for the market and are well equipped with practical skills that are required in the real world to solve problems. It will also give you recognition from peers and organizations for your commitment and dedication to the compliance analyst profession. This course will train the participants on the international compliance requirements, best practices, and frameworks designed to strengthen the compliance culture in their organizations. It will give practical lessons on developing, setting, and improving compliance culture by utilizing procedures and policies that foster good relationships in an organization. It will also highlight the common mitigation and identification procedures for compliance frameworks to understand fraud indicators, risk handling, and market misconduct. Board reporting and other program development will be looked at deeply, and their importance will be stipulated.

Who Should Attend?

The Compliance Analyst Certification Course by Rcademy is ideal for:

• Directors
• Compliance managers
• Company secretaries
• Compliance officers
• Senior management
• Corporate governance officers
• Anti-money laundering officers and their relevant deputies

What are the Course Objectives?

Upon completing The Compliance Analyst Certification Course by Rcademy, participants will be able:

• Develop the essential compliance framework and concepts
• Identify and discuss emerging compliance issues and global trends
• Understand the importance of developing a good compliance culture in an organization
• Understand the role of corporate governance in implementing a compliance framework
• Learn how to develop compliance policies and how they are implemented
• Gain practical skills that can be used to solve real-life problems
• Understand how to produce a corporate compliance program that serves the needs of an organization
• Learn how to evaluate the risk consequences of non-compliance
• Learn how to optimize the organizational structure for compliance
• Appreciate the relationship between compliance and market expectation
• Understand what drives compliance both local and internationally

How will this course be presented?

Rcademy thoroughly designs this course training to help participants gain real-world experience that will be applied to solve real-world problems. It is meant to ensure that the participants are ready for the job market. The course will use unique and well-tested methods and case studies in its teaching. It will also be facilitated by the industry’s best professionals who thoroughly understand how to apply the theoretical learned knowledge in real life. Some methods include projects, lectures, group discussions, and case studies.

What are the Topics Covered in this Course?

The topics below are required for this course to be considered completed and to become a certified compliance analyst.

Module 1: Introduction to Compliance

• Compliance as a necessary measure
• The regulatory scenario and its importance
• Why is compliance important
• The relationship between compliance and risk
• The History of Compliance
• Compliance definition within an industrial setting
• The risks of non-compliance
• Audits
• Compliance Commitment

Module 2: Management System in Compliance

• Introduction to the compliance management system (CMS)
• Personnel that are responsible for CMS
• Important elements of a CMS
• Audit
• Compliance program
• Oversight by the board of director
• Monitoring and evaluation
• The backbone of the CMS

Module 3: Compliance and Ethics

• Similarity and differences in compliance and ethics
• The role of compliance and ethics in any organization
• The key components of compliance and ethics
• Encouraging a culture of compliance and ethics
• Importance of compliance and ethics
• Compliance with strong ethics
• Compliance and ethics program

Module 4: Types of Risk Management

• Market
• Longevity
• Interest rate
• Opportunity
• Sequence of returns
• Tax
• Inflation

Module 5: Elements of Effective Compliance

• Enforcement of standards and best practices through well-publicized disciplinary guidelines
• Effective training and education for the members
• Written procedures and policies
• A fast and effective response to already identified compliance issues
• Better communication methods
• Effective monitoring and auditing

Module 6: Audits and Compliance

• Compliance audit procedure
• Five steps for compliance
• Sample audit checklist
• Benefits of compliance auditing
• Types of audits
• Channel compliance controls
• Reviewing the state of payment card compliance

Module 7: Compliance Risk Management Process

• Identification of the risks
• Risk assessment
• Treatment of Risk
• Response strategies
• Creating a treatment plan
• Reporting and monitoring

Module 8: Issues in Compliance

• Employee behavior
• Corruption
• Environmental impact
• Processes
• Quality of compliance
• Social responsibility
• Data management
• Workplace health and safety