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Provided by: JZ Partners

Certified Risk and Compliance Professional

Accounting and Finance

JZ Partners
Training Provided by JZ Partners In partnership with the International Association of Risk and Compliance Professionals (IARCP), we have the opportunity to offer this exciting new course. The CRCP course and exam is designed to provide you and your team with the knowledge and skills needed to understand and support regulatory compliance and enterprise wide risk management, and to promote best practices and international standards that align with business and regulatory requirements. This course will allow you to develop your own personal competitive advantage in the market for talent, giving you specialised knowledge in an area that is becoming ever more important in the financial services marketplace. The course provides you with the skills needed to pass the Certified Risk and Compliance Professional (CRCP) exam and includes membership to the IARCP.
Related Awards, Degrees or Certifications: Credit Risk and Compliance Professional (CRCP) qualification from the International Association of Risk and Compliance Professio
Related Jobs or Careers: Compliance, audit, risk management professionals. Accounting professionals, consultants. Business analysts.
This is primarily ilt training
Contact JZ Partners for more information
Course Level:basic through advanced
Duration:5 days
Training Presented in:English
Certified Risk and Compliance Professional This course and certification program offers:

* Training: Obtain the knowledge and skills needed to understand and support regulatory compliance and enterprise wide risk management within your organisation

* Certification: The CRCP accreditation from the International Association of Risk and Compliance Professionals (IARCP). If you pass the exam(s), you will be entitled to use the following designation: "Certified Risk and Compliance Professional (CRCP)"

* As a certified professional, you are entitled to write about your certification(s) in your CV, resume, web site, using the name and the logo of the association.

* Association : You will become (at no cost) a member of the International Association of Risk and Compliance Professionals (IARCP), to stay current with new developments in risk and compliance around the world. A detailed look at modern operational risk management, including quantification, loss modelling, key risk indicators and practical methods for operational risk managers


COURSE AGENDA:
PART A: COMPLIANCE WITH LAWS AND REGULATIONS, AND RISK MANAGEMENT

Introduction

Regulatory Compliance and Risk Management

Definitions, roles and responsibilities

The role of the board of directors, the supervisors, the internal and external auditors

The new international landscape and the interaction among laws, regulations, and professional standards

The difference between a best practice and a regulatory obligation

Benefits of an enterprise wide risk and compliance program

Compliance culture: Why it is important, and how to communicate the regulatory obligations

Policies, Workplace Ethics, Risk and Compliance

Policies, procedures and the ethical code of conduct

Privacy and information security

Handling confidential information

Conflicts of interest

Use of organizational property

Fair dealings with customers, vendors and competitors

Reporting ethical concerns

Governance, Risk and Compliance

The definition of Governance, Risk and Compliance

The need for Internal Controls

Understand how to identify, mitigate and control risks effectively

Approaches to risk assessment

Qualitative, quantitative

Integrating risk management into corporate governance and compliance

PART B: THE FRAMEWORKS

Internal Controls

The Internal Control Integrated Framework by the COSO committee

Using the COSO framework effectively

The Control Environment

Risk Assessment

Control Activities

Information and Communication

Monitoring

Effectiveness and Efficiency of Operations

Reliability of Financial Reporting

Compliance with applicable laws and regulations

IT Controls

IT Controls and Sarbanes Oxley Act Relevance

Program Development and Program Change

Deterrent, Preventive, Detective, Corrective, Recovery, Compensating, Monitoring and Disclosure Controls

Layers of overlapping controls

The COSO Enterprise Risk Management (ERM) Framework

Is COSO ERM needed for compliance?

COSO AND COSO ERM

Internal Environment

Objective Setting

Event Identification

Risk Assessment

Risk Response

Control Activities

Information and Communication

Monitoring

The two cubes

Objectives: Strategic, Operations, Reporting, Compliance

ERM Application Techniques

Core team preparedness

Implementation plan

Likelihood Risk Ranking

Impact Risk Ranking

COBIT - the framework that focuses on IT

Is COBIT needed for compliance?

COSO or COBIT?

Corporate governance or financial reporting?

Executive Summary

Management Guidelines

The Framework

The 34 high-level control objectives

What to do with the 318 specific control objectives

COBIT Cube

Maturity Models

Critical Success Factors (CSFs)

Key Goal Indicators (KGIs)

Key Performance Indicators (KPIs)

How to use COBIT for Sarbanes Oxley compliance

PART C: SARBANES OXLEY

The Sarbanes Oxley Act

The Need

US federal legislation: Financial reporting or corporate governance?

The Sarbanes-Oxley Act of 2002: Key Sections

SEC, EDGAR, PCAOB, SAG

The Act and its interpretation by SEC and PCAOB

PCAOB Auditing Standards: What we need to know

Management's Testing

Management's Documentation

Reports used to Validate SOX Compliant Infrastructure

Documentation Issues

Sections 302, 404, 906: The three certifications

Sections 302, 404, 906: Examples and case studies

Management's Responsibilities

Committees and Teams

Project Team Section 404: Reports to Steering Committee

Steering Committee Section 404: Reports to Certifying Officers

and cooperates with Disclosure Committee

Disclosure Committee: Reports to Certifying Officers and cooperates with Audit Committee

Certifying Officers and Audit Committee: Report to the Board of Directors

Control Deficiency

Deficiency in Design

Deficiency in Operation

Significant Deficiency

Material Weakness

Is it a Deficiency, or a Material Weakness?

Reporting Weaknesses and Deficiencies

Examples

Case Studies

Public Disclosure Requirements

Real Time Disclosures on a rapid and current basis?

Whistleblower protection

Rulemaking process

Companies Affected

International companies

Foreign Private Issuers (FPIs)

American Depository Receipts (ADRs)

Employees Affected

Effective Dates

PART D: BASEL II

The New Basel Capital Accord (Basel II)

Realigning the regulation with the economic realities of the global banking markets

New capital adequacy framework replaces the 1988 Accord

Improving risk and asset management to avoid financial disasters

"Sufficient assets" to offset risks

The technical challenges for both banks and supervisors

How much capital is necessary to serve as a sufficient buffer?

The three-pillar regulatory structure

Purposes of Basel II

Pillar 1: Minimum capital requirements

Credit Risk 3 approaches

The standardized approach to credit risk

Claims on sovereigns

Claims on banks

Claims on corporates

The two internal ratings-based (IRB) approaches to credit risk

Some definitions: PD - The probability of default, LGD - The loss given default, EAD - Exposure at default, M Maturity

5 classes of assets

Pillar 2: Supervisory review

Key principles

Aspects and issues of the supervisory review process

Pillar 3: Market discipline

Disclosure requirements

Qualitative and Quantitative disclosures

Guiding principles

Employees Affected

Effective Dates

Operational Risk

What is operational risk

Legal risk

Information Technology operational risk

Operational, operations and operating risk

The evolving importance of operational risk

Quantification of operational risk

Loss categories and business lines

Operational risk measurement methodologies

Identification of operational risk

Operational Risk Approaches

Basic Indicator Approach (BIA)

Standardized Approach (SA)

Alternative Standardized Approach (ASA)

Advanced Measurement Approaches (AMA)

Internal Measurement Approach (IMA)

Loss Distribution (LD)

Standard Normal Distribution

Fat Tails in the normal distribution

Expected loss (EL), Unexpected Loss (UL)

Value-at Risk (VaR)

Calculating Value-at Risk

Stress Testing

Stress testing and Basel

(AMA) Advantages / Disadvantages

Operational Risk Measurement Issues

The game theory

The prisoner s dilemma and the connection with operational risk measurement and management

Operational risk management

Operational Risk Management Office

Key functions of Operational Risk Management Office

Key functions of Operational Risk Managers

Key functions of Department Heads

Internal and external audit

Operational risk sound practices

Operational risk mitigation

Insurance to mitigate operational risk

Basel II and other regulations

Capital Requirements Directive (CRD)

Markets in Financial Instruments Directive (MiFID)

What will be the impact of MiFID to EU and non EU banks?

Aligning Basel II operational risk and Sarbanes-Oxley 404 projects

Common elements and differences of compliance projects

New standards

Disclosure issues

Multinational companies and compliance challenges

PART E: DESIGNING AND IMPLEMENTING A RISK AND COMPLIANCE PROGRAM

Designing an Implementing an enterprise wide Risk and Compliance Program

Designing an Internal Compliance System

Compliance programs that withstand scrutiny

How to optimize organizational structure for compliance

Documentation

Testing

Training

Ongoing compliance reviews and risk assessments for continuing compliance with laws and regulations

Compliance Monitoring

The company and other stakeholders

Managing the regulators and change in regulations

International and national regulatory requirements

Regulatory compliance in Europe

Regulatory compliance in the USA. What is different

The GCC countries

The Caribbean

The Pacific Rim

Common elements and differences of compliance projects

New standards

Disclosure issues

Multinational companies and compliance challenges
About The Training Provider: JZ Partners
JZ Partners - JZ Partners is a Hong Kong-based consultancy and training company working in the financial services industry. We are specialists in the areas of Basel II, risk management and compliance. We offer compliance training in key areas of interest in Asia. Currently we offer the following courses: Basel II: From Fundamentals to Latest Thinking Understand the Basel II regulations and discover...
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