Risk-based Compliance Monitoring - In House Training

Corporate Training Partnerships
Course summary
1 day
Next available date: Contact us for in house training information - United Kingdom
Corporate Training for Teams

Course description

Risk-based Compliance Monitoring - In-House

This in house training course is designed for Compliance and Monitoring teams, to help them identify the main compliance risks in their business, to design and to execute a risk/based compliance monitoring plan accordingly. The training uses practical examples, case studies and exercises, to help delegates effectively identify, categorise and prioritise compliance risks, while exploring the use of Key Indicators for risks and controls.

The course programme also covers monitoring techniques, including desk-based, exception reporting, systems, visits, and provides delegates with a decision-structure framework to help them decide when to escalate issues and change monitoring levels. Overall, the training enables them to construct a comprehensive compliance monitoring plan that will prioritise risks and  tailor their reporting to different groups to make sure critical messages are received and understood.

In addition, the programme helps participants to develop a set of soft skills, helpful in a compliance environment. They will be able to establish credibility, obtain buy-in, manage resistance and demonstrate the effectiveness of their controls to the regulator.

Suitability - Who should attend?

This training course is designed to enable Compliance and Monitoring staff develop their capabilities and skills, It is also suitable for more seasoned Compliance Managers to refresh and update their approach and beneficial to Risk and Audit professionals who wish to improve their knowledge of compliance risk management.

Training Course Content

This Risk-based Compliance Monitoring course will cover the following key topics:

The risk based monitoring approach

  •     The definitions of risk and compliance risk
  •     The requirements for risk management
  •     The responsibilities of risk, audit and compliance compared – where should boundaries be drawn

Latest regulatory developments in risk based monitoring

  •     Risk based ARROW 2 approach
  •     Current hot topics
  •     How the risk register informs compliance
  •     CASE STUDY – using the profile of a typical firm identify the key risks from a regulators perspective

Researching the risks facing your firm

  •     SYNDICATE EXERCISE - categorising the compliance risks
  •     Prioritising the likely areas of impact and likelihood
  •     Building the rationale for your approach

Preparing the monitoring plan

  •     The structure of the plan
  •     Defining KPI’s and setting goals for the firm
  •     Establishing activities and populations for monitoring
  •     Deciding on the appropriate monitoring tools
  •     Setting hurdle point for escalation of issues and change sampling levels
  •     Estimating resources

Reporting results

  •     Typical contents of the Report
  •     Seeing the “wood for the trees”- layering information
  •     Case studies - explaining the implications and recommending remedial actions

Remedial monitoring

  •     When enhanced checking becomes appropriate
  •     Setting and agreeing new targets and timescales
  •     Gaining buy in for changes


Corporate Training Partnerships deliver this training course in-house, anywhere in the UK, to meet the specific needs of your team.

About provider

Corporate Training Partnerships - CTP: Regulatory, Risk Management and Technical Training for Financial Services Organisations

CTP are a specialist training company serving the financial services sector since 2002. Our clients include both dual (FCA and PRA) regulated and solo (FCA) regulated firms. Fully independent with no consulting or technology arms or products, no third party...

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