Training course on Risk-Based Compliance Frameworks

Module 1: Introduction to Risk-Based Compliance

Evolution from rules-based to risk-based approaches

Benefits of a risk-based framework

Regulatory expectations and international standards

Module 2: Compliance Risk Identification and Categorization

Types of compliance risks (AML, KYC, data privacy, conduct, operational)

Risk taxonomies in compliance frameworks

Case examples of compliance failures

Module 3: Risk Assessment Methodologies

Risk identification, analysis, and evaluation techniques

Inherent vs. residual risk

Risk scoring and prioritization

Module 4: Designing a Risk-Based Compliance Framework

Key components of a compliance framework

Aligning with risk appetite and organizational objectives

Policies, procedures, and control design

Module 5: Compliance Monitoring and Testing

Developing compliance monitoring plans

Using Key Risk Indicators (KRIs) and Key Compliance Indicators (KCIs)

Reporting and escalation mechanisms

Module 6: Leveraging Technology for Compliance

Role of RegTech and data analytics

Automated monitoring and reporting systems

Case study: technology-enabled compliance frameworks

Module 7: Embedding Compliance into Governance and Culture

Role of the board, senior management, and compliance function

Training and awareness programs

Encouraging ethical conduct and accountability

Module 8: Adapting to Regulatory Change and Emerging Risks

Managing new and evolving compliance obligations

Cross-border compliance challenges

Future trends: AI, ESG compliance, real-time supervision

Module 9: Case Studies and Practical Applications

Group exercise: conducting a compliance risk assessment

Case studies of effective risk-based frameworks

Developing a compliance roadmap for an organization