Course Details

Building Financial Integrity: Governance in Financial Institutions Training Course

INTRODUCTION

The financial sector demands the highest standards of governance to maintain stability, protect stakeholders, and foster public trust. This Governance in Financial Institutions Training Course equips participants with the specialized knowledge and skills needed to navigate the unique governance challenges within financial institutions. Participants will learn to implement robust governance frameworks, ensure regulatory compliance, and mitigate risks specific to the financial industry. This program is designed to empower professionals to build a culture of integrity and accountability, safeguarding the stability and reputation of their institutions.

This comprehensive program is tailored for board members, executives, compliance officers, risk managers, internal auditors, and regulatory professionals within financial institutions, including banks, insurance companies, investment firms, and credit unions. Through interactive workshops, case studies, and practical exercises, attendees will develop the ability to understand and implement best practices in financial governance, navigate complex regulatory landscapes, and contribute to the long-term sustainability of their organizations. The course emphasizes the importance of aligning governance with risk management and ethical conduct.

DURATION

5 days

COURSE OBJECTIVES

Upon completion of this course, participants will be able to:

• Understand the specific governance challenges within financial institutions.
• Implement robust governance frameworks tailored to the financial sector.
• Ensure compliance with relevant financial regulations and standards.
• Manage and mitigate financial risks effectively.
• Understand the role of the board in overseeing financial governance.
• Implement effective internal controls and audit processes.
• Understand the ethical considerations specific to financial institutions.
• Navigate the evolving regulatory landscape and emerging trends.

COURSE MODULES

• Foundations of Financial Institution Governance:
• Understanding the unique characteristics of financial institutions.
• Exploring key governance frameworks and principles specific to the financial sector.
• Understanding the roles and responsibilities of the board and management.
• The importance of regulatory oversight in financial institutions.
• Regulatory Compliance and Risk Management:
• Understanding relevant financial regulations (e.g., Basel Accords, AML/KYC).
• Developing and implementing compliance programs.
• Identifying and mitigating financial risks (credit, market, operational).
• Understanding the importance of stress testing.
• Board Oversight and Accountability:
• The board's role in overseeing financial governance and risk management.
• Establishing effective board committees (audit, risk, compensation).
• Ensuring transparency and accountability to stakeholders.
• Understanding the importance of independent directors.
• Internal Controls and Audit Processes:
• Implementing effective internal control systems.
• Conducting risk-based internal audits.
• Utilizing technology for audit and compliance monitoring.
• Understanding the importance of segregation of duties.
• Financial Reporting and Disclosure:
• Understanding financial reporting standards specific to financial institutions.
• Ensuring accurate and timely financial disclosures.
• Managing regulatory reporting requirements.
• Understanding the importance of accurate capital adequacy reporting.
• Ethical Conduct and Corporate Culture:
• Promoting ethical values and behaviors within the institution.
• Implementing codes of conduct and ethics training.
• Establishing whistleblower policies and procedures.
• Understanding the impacts of compensation structures on ethical behaviour.
• Crisis Management and Business Continuity:
• Developing crisis management plans for financial institutions.
• Ensuring business continuity in the face of disruptions.
• Managing reputational risks and stakeholder communication.
• Understanding the importance of liquidity management.
• Emerging Trends and Regulatory Changes:
• Exploring the impact of fintech and digital transformation.
• Addressing cybersecurity risks and data privacy concerns.
• Navigating evolving regulatory landscapes and international standards.
• Understanding the importance of climate risk in financial institutions.

CERTIFICATION

• Upon successful completion of this training, participants will be issued with Macskills Training and Development Institute Certificate

TRAINING VENUE

• Training will be held at Macskills Training Centre. We also tailor make the training upon request at different locations across the world.

AIRPORT PICK UP AND ACCOMMODATION

• Airport pick up and accommodation is arranged upon request

TERMS OF PAYMENT

• Payment should be made to Macskills Development Institute bank account before the start of the training and receipts sent to info@macskillsdevelopment.com