Certified Compliance Officer Program

The Institute of Banking is delighted to
introduce the “Certified Compliance
Officer” (CCO), which is a newly
developed comprehensive training
program.
The CCO was designed by carefully
selected group of specialists and
faculty members in the Compliance,
AML, and Corporate Governance
fields in the Saudi Arabia monetary
agency (SAMA), the Banking and
Financial services sectors, and the
Institute of Banking (IOB).
The aim of the CCO program is to enhance the ability of compliance managers,
officers and other employees working in compliance departments and other control
functions. Real-life compliance cases from the financial and banking industry in
Saudi Arabia will be used in the program to increase compliance practitioners’
awareness of key compliance issues presented in the program.
Certified Compliance Officer
Certified Compliance Officer Program
The importance of the program
After completing the CCO program successfully, participants will obtain the
“Certified Compliance Officer” Certificate. More importantly, participants and
will acquire the required skills and abilities that will develop their expertise and
competencies to work in compliance departments and/or any other related
control departments in the Banking and Financial Institutions. More specifically,
the program will help participants:
1. U
nderstand compliance principles, corporate governance and anti-money
laundering concepts; thus, strengthening their bank’s ability to respond
professionally to the regulatory requirements.
2. O
btain information to build and implement compliance programs to fight money
laundering practices, and to apply Corporate Governance rules.
3. Identify and understand compliance risks, and the consequences of noncompliance.
4. U
nderstand and strengthen the relationship between Compliance and Corporate
Governance.
1
Certified Compliance Officer
2
CCO Program Outline
CCO contains three integrated courses covering the following topics:
1- Compliance principles (3 Days)
The regulatory authorities now
require all banks and financial
institutions to comply with rules,
regulations and ethical standards to
maintain and protect their integrity,
reputation and the interests of
their shareholders and depositors.
Compliance with these rules will
eventually protect banks from
regulatory sanctions.
Compliance is a comprehensive and
multi-aspect responsibility involving
all parties in the financial institutions. This three day course will focus on the
following topics:
Day One
Day Two
Day Three
► T he regulatory environment and the role of regulators.
► Governance and Compliance framework.
► The Compliance functions
in Banks.
► The Role and Responsibilities of chief Compliance officer.
►R
isk Management and
Compliance risk.
►B
uilding an effective Compliance Program.
► Compliance Culture.
► Compliance Code.
► The Code of Ethics.
► Case studies.
► Exam.
The illegal and irregular activities,
such as drug trafficking, weapons,
prostitution,
corruption
and
concealment, if took place, can
affect and impact the integrity and
reputation of many international and
local banks and even some banking
systems. As this matter affects
Governments,
authorities
and
supervisory bodies, the regulatory
authorities in the Kingdom of Saudi
Arabia issued rules, regulations
and instructions in order to help banks and financial institutions to avoid illegal
operations and to maintain the integrity and reputation of the banking system and
to protect them from regulatory sanctions. Therefore, this course will cover the
following topics:
Day Two
► Money laundering and Legal Framework.
► F inancial Action Task Force – FATF- 40
Principle.
► AML/CTF Compliance Program.
► Risk Based Approach.
►K
YC Principles and Customer acceptance
policy.
Certified Compliance Officer
2 - Anti-money Laundering and terrorism financing
(two days)
Day Two
► Applying KYC principles and enhance due
diligence on high risk customers.
► ML/TF indicators.
► Reporting suspicious transactions.
► Case studies.
► International Sanctions.
► Exam.
3
Certified Compliance Officer
4
3–C
orporate Governance (2 Days)
Corporate Governance has become
of considerable importance especially
in today’s turbulent, ever-changing
and challenging financial and
business environment. As a result,
several financial institutions have
adopted many of the best Corporate
Governance standards and practices
applied in the developed world.
Applying such important standards
will result in positive changes for
companies since it will not only help
them avoid the financial crises experienced by their counterparts in other major
financial centers, but in responding to the regulatory requirements as well.
Day Two
Day Two
► Theoretical background.
- Different Definitions, School of Thoughts.
- Main Corporate Governance Principles.
▪ Transparency and Disclosure
▪ Fairness.
▪ Accountability.
- Historic development:
- Internationally and in KSA.
- Importance: Governance and Performance.
► Saudi Approach towards Corporate Governance: Legal Framework.
► Main Corporate Governance Institutions.
- Internal Institutions: Right and responsibilites
of Shareholders, Board of directors and
External Management.
- External Institutions: Regulators, Market
forces, related parties and stakeholders.
► Corporate Social Responsibility.
►C
orporate Governance Function Set Up: Live
cases and discussion.
► Regulatory Reports.
- Compensation Report, Audit reports,
Financial Reports.
- Board of Directors’ Annual report, Form 8:
Live cases and discussions.
► General Thoughts and discussion
► Exam.
Code
Month
Date
Module
Gender
Langauage
Loation
Male
Arabic
Riyadh
Male
Arabic
Riyadh
Male
Arabic
Jeddah
Male
English
Riyadh
Female
Arabic
Riyadh
Male
Arabic
Riyadh
Compliance
CCO1A2
March
9-17/3/2014
AML/CTF
Corporate Governance
Compliance
CCO1A2
April
6-14/4/2014
AML/CTF
Corporate Governance
Compliance
CCO1A2
May
18-26/5/2014
AML/CTF
Certified Compliance Officer
CCO Calendar 2014
Corporate Governance
Compliance
CCO1E2
September 14-22/9/2014
AML/CTF
Corporate Governance
Compliance
CCO1A2
November 16-24/11/2014
AML/CTF
Corporate Governance
Compliance
CCO1A2
December 21-29/12/2014
AML/CTF
Corporate Governance
5
Certified Compliance Officer
Professional Trainers
The three courses will be conducted
by certified and qualified experts in
the compliance, AML and Corporate
Governance field.
CCO
Who should attend this Program
Assessment
► Compliance officers and managers.
At the end of each session there will be
an exam to measure knowledge
and skills
CCO
gained. If the participant pass the three
exams, he/she will receive a “Certified
Compliance Officer certificate”
►M
anagers/Officers working in Human
resources, Risk Management, Internal
audit, and AML departments.
►B
ank Board secretaries.
► Advisors to the board of directors.
► L awyers, legal advisers work in the Compliance, AML Corporate Governance
field.
► S taff who wish to work in the Compliance, AML and Corporate Governance
field.
For registration
Website:www.iobf.org
E-mail: [email protected]
Fax: +966 11 4662415
Phone: +966 11 4662030
6
For more Information
E-mail: [email protected]
Phone: +966 11 4662080
Program Fees: SR 11500

Download Report