Compliance Risk Management for Monetary Operations Training Course

Introduction
As central banks navigate increasingly complex financial environments, managing compliance risks within monetary operations has become critical to preserving institutional integrity and maintaining market confidence. The Compliance Risk Management for Monetary Operations Training Course equips central bank professionals and financial authorities with the tools and strategies needed to identify, monitor, and mitigate compliance risks in areas such as open market operations, reserve management, payment systems, and currency issuance. This course promotes a risk-based and governance-driven approach, ensuring that monetary functions adhere to legal, regulatory, and ethical standards.

Delivered over five intensive days, the training focuses on enhancing internal control mechanisms, aligning operations with evolving regulatory frameworks, and embedding compliance culture within central banking structures. Participants will engage with practical methodologies for compliance assessments, policy implementation, transaction monitoring, and control audits. The course draws on international best practices to strengthen transparency, accountability, and effectiveness in executing monetary policy.

Duration: 5 days

Target Audience:

  • Central bank compliance and legal officers
  • Monetary operations and financial markets staff
  • Risk management and audit professionals
  • Internal control and governance teams
  • Financial regulators and treasury function managers

Course Objectives:

  • Understand the key compliance risks in central bank monetary operations
  • Implement robust control systems and policies to manage risk
  • Align operational procedures with regulatory and institutional frameworks
  • Strengthen internal compliance monitoring and reporting mechanisms
  • Foster a proactive compliance culture across monetary functions

Course Modules

  1. Introduction to Compliance Risk in Monetary Operations
  • Defining compliance risk in the context of central banking
  • Key areas of exposure in monetary policy execution
  • Role of compliance in supporting institutional mandates
  • Relationship between compliance, governance, and reputational risk
  • Regulatory expectations and international best practices
  1. Legal and Regulatory Frameworks for Monetary Activities
  • Overview of relevant laws, regulations, and policy guidelines
  • Central bank charters and statutory obligations
  • Compliance with financial sanctions, AML, and CFT measures
  • Interplay between domestic and international regulatory regimes
  • Developing a compliance map for operational units
  1. Risk-Based Approach to Compliance Management
  • Identifying and categorizing compliance risks by activity
  • Risk assessment methodologies and control design
  • Integrating compliance into enterprise risk management
  • Prioritizing compliance interventions using risk scores
  • Risk tolerance thresholds and exception handling
  1. Internal Controls and Compliance Assurance Mechanisms
  • Key control tools: segregation of duties, authorization, reconciliation
  • Embedding preventive and detective controls in operational workflows
  • Role of internal audit in compliance validation
  • Control testing, assurance reviews, and self-assessment
  • Reporting and escalation of control failures
  1. Compliance in Open Market and Liquidity Operations
  • Operational risks and ethical standards in open market transactions
  • Compliance checks for collateral eligibility and valuation
  • Documentation and verification in repo and reverse repo operations
  • Monitoring execution against policy directives
  • Mitigating conflicts of interest and insider risks
  1. Currency Management and Issuance Compliance
  • Compliance in note printing, distribution, and destruction
  • Controls over currency storage, inventory, and transportation
  • Prevention of fraud and counterfeiting risk
  • Compliance in currency recall, demonetization, and issuance policies
  • Transparency and audit trails in currency logistics
  1. Governance, Training, and Compliance Culture
  • Governance frameworks for compliance oversight
  • Role of compliance committees and senior management engagement
  • Training and awareness programs for staff
  • Encouraging ethical behavior and accountability
  • Whistleblower protections and internal reporting channels
  1. Case Studies, Compliance Testing, and Action Planning
  • Real-life central bank compliance breach scenarios
  • Conducting mock compliance reviews and gap analyses
  • Designing a compliance risk mitigation plan
  • Peer feedback on compliance frameworks
  • Final group presentation of an institutional compliance strategy

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

 

Compliance Risk Management For Monetary Operations Training Course in Tunisia
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