Compliance Management

Course description: The Compliance management online course will teach compliance professionals and managers the main concepts that will help guide them through the complexities of compliance.

First, we will discuss in detail in the course why compliance is needed and in today’s day and age, how it has evolved to what it is. Next we will address some of the main regulatory bodies that businesses are expected to comply with on a daily basis. Then we will go through both developing and managing an effective compliance program, which includes creating policies and procedures around those and ensuring that they are followed and monitored. A core part of compliance process is risk assessments which we will discuss in the course, so you can prepare your company for all possible scenarios. Lastly, we will go through disciplinary action and how it should be taken to ensure proper consequences for employees who violate disciplinary policies.

Learning Objectives:

• Explain the importance of compliance.

• Identify key regulatory bodies and the impact on organizations.

• Explore how to manage a comprehensive compliance program that includes:

◦ Creating and monitoring policies and procedures around those regulations.

◦ Conducting risk assessments and creating plans for emergencies and scenarios that may arise from poor planning or execution of compliance activities.

◦ Implementing disciplinary actions to ensure consequences are meted out to employees who violate compliance policies.

Audience:

• Compliance professionals wanted to hone their skills.

• Managers of compliance or investigations units in companies and organizations.

• Anyone working in a company with an existing compliance policy who want to explore best practices and new approaches to managing the program and increasing effectiveness and efficiency of compliance efforts.

Description: The Compliance management course is designed for anyone who wants to learn about compliance, how to manage it effectively and how to comply with regulatory bodies. It will be presented in three sections:

1) Compliance needs & trends, 2) Managing your compliance program, 3) Best practices for managing a compliance program.

Compliance Management Course Outline :

Section 1 – Compliance needs & trends

– Compliance in the boardroom: Why compliance is needed

– The different types of compliance

– What is required for effective compliance?

– Compliance issues that businesses are facing today and what to do about it.

Section 2 – Managing your compliance program

– Introduction to the “Compliance Management Model” (CMM) – 3 Stages: Policy/Procedure Development and Implementation, Monitoring and Enforcement

– 5 steps of the CMM

– Who needs to be involved in developing and implementing a compliance program?

– How to monitor effective compliance efforts?

– How to measure performance of the compliance program?

Section 3 – Best Practices for managing a compliance program:

– Policies & Procedures: Approaches and best practices for writing policies and procedures

– Risk assessment: How to do a risk assessment, what should be included in the policy, how to prepare for emergencies?

– Disciplinary Action: Why it is important, when actions should be taken, who is responsible for taking action.

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F.A.Q

Who are compliance managers?

Compliance managers are those responsible for ensuring that an organization adheres to all applicable laws, regulations, standards, and ethical practices. They develop and implement policies and procedures to ensure that the organization is in compliance with all relevant requirements and take action to address any non-compliance issues that arise.

What is a compliance management system (CMS)?

A compliance management system (CMS) is a set of policies, procedures, and processes that an organization uses to ensure that it is in compliance with all relevant laws, regulations, standards, and ethical practices. The CMS should be tailored to the specific needs of the organization and include input from all relevant stakeholders.

What are the benefits of compliance management?

There are many benefits to compliance management, including reducing the risk of financial penalties, reputational damage, and legal action; protecting the organization’s assets; and ensuring the safety of employees, customers, and other stakeholders.

What are some common compliance risks?

There are many potential compliance risks that organizations face, including financial fraud, corruption, bribery, money laundering, and terrorist financing. Compliance risks can also arise from environmental, health and safety, and data privacy laws and regulations.

How can compliance be managed effectively?

There are many steps that organizations can take to manage compliance effectively, including appointing a dedicated compliance officer, establishing a compliance committee, developing and implementing policies and procedures, and providing training and education on compliance-related topics.

What are some common compliance violations?

Some common compliance violations include failing to file required reports, failing to maintain adequate records, and engaging in prohibited transactions. Other violations can occur when an organization fails to meet its obligations under environmental, health and safety, or data privacy laws and regulations.

What are the consequences of non-compliance?

The consequences of non-compliance can be severe, and can include financial penalties, reputational damage, and legal action. In some cases, non-compliance can also lead to criminal charges.

How can I ensure my organization is compliant?

There are many steps that organizations can take to ensure compliance, including appointing a dedicated compliance officer, establishing a compliance committee, developing and implementing policies and procedures, and providing training and education on compliance-related topics.Organizations can also seek certification from third-party organizations, such as the Compliance Certification Board (CCB), that they meet certain standards for compliance.

What is the difference between compliance and ethics?

Compliance is focused on ensuring that an organization adheres to all applicable laws, regulations, standards, and ethical practices. Ethics are the principles that guide an individual or organization’s conduct. While compliance is concerned with what an organization should do, ethics is concerned with what an organization ought to do.

Glossary of terms and concepts the training program will help learners get familiar with, in their specific & relevant context:

• Compliance Managers
• Compliance management program
• compliance management challenges
• ensure compliance management
• business processes
• regulatory compliance
• Compliance management tools
• Compliance requirements
• Compliance risk
• Managing compliance
• Compliance Manager
• Compliance solutions
• non compliance incidents
• Internal procedures
• Compliance benchmarks
• Business functions and operations
• Employee unions
• Implement Security controls
• Senior management training
• Regulatory bodies
• How and why compliance management is important
• Integrated platform
• legal requirements
• regulatory requirements
• regulatory changes
• judgment calls
• regulations and laws
• Documentation guidelines
• Cost
• Compliance risks
• Health and safety guidelines
• Industry guidelines
• Compliance Systems
• Compliance Tasks
• Govern
• Corporate responsibilities