This training program aims to equip participants with the knowledge and skills necessary to pass the Certified Compliance Officer professional exam. Participants will gain insights into effectively performing compliance officer duties, managing risks associated with non-compliance, and implementing risk-based anti-money laundering programs. Additionally, the program will cover the development of related policies, procedures, and internal controls.
- The concept of compliance and its importance, and the risks of non-compliance.
- Rules and regulations issued by the Saudi Arabian Central Bank regarding compliance.
- Compliance rules and regulations issued by the Capital Market Authority for financial institutions.
- Organizational structure of compliance management, the independence of the compliance function.
- The relationship of the compliance function with risk management and internal audit.
- Lab: Potential questions in this unit.
- Compliance policy (general compliance policy, responsibilities: Board of Directors, senior management, and compliance staff).
- Compliance monitoring and testing process, stages of compliance monitoring and testing.
- Risk-based compliance and designing a risk-based compliance plan.
- Financial crimes, international and regional sanctions, data protection standards.
- Code of conduct, ethical work practices, duties, and responsibilities of financial institution staff.
- The role of the compliance function in upholding sound standards in the financial institution.
- Disclosure and transparency (general principles of disclosure and its importance).
- Lab: Potential questions in this unit.
- Corporate governance (pillars and standards of governance).
- Best practices in implementing governance in financial institutions.
- Corporate governance reporting model.
- Financial crimes, international and regional sanctions.
- Combating financial and administrative corruption.
- Lab: Potential questions in this unit
- The concept, stages, and risks of money laundering and terrorism financing.
- International and regional efforts and initiatives to combat money laundering and terrorism financing.
- The legislative framework in the Kingdom to combat money laundering and terrorism financing.
- Reporting suspicious transactions protocol and indicators of suspicion.
- Due diligence procedures and enhanced due diligence measures.
- Lab: Potential questions in this unit.
- Introduction to financial risks and their types.
- Measuring the adequacy of capital in facing credit risks.
- Risk matrix composition (source, probability, impact).
- Risk management (acceptance, transfer, confrontation).
- The role of the risk management committee at the Board of Directors.
- Lab: Potential questions in this unit.