Compliance In Action: How To Set-Up A Compliance Programme
Dates: 27 August 2018 (8.30am - 5.00pm)
Venue: Securities Commission Malaysia
Accreditation: SIDC CPE-approved: 10 CPE points
Running a compliance department today means dealing with changing regulatory requirements, greater scrutiny from regulators, increasing mobile workforce and shrinking budgets.
The lack of training is often cited as reasons behind compliance failings. Globally, financial institutions are estimated to have paid over USD320 billion in regulatory penalties since the global financial crisis from market manipulation and money laundering to conduct failures.
In many organisations much of compliance workflows are still managed manually. This becomes difficult in multiple branch operations across multiple lines of businesses. As a result, the cost of compliance increases, compliance reporting timelines are missed, exam and audit exceptions occur and liability risk escalates.
An effective compliance programme using a risk-based approach coupled with the right leadership tone will provide the necessary customer protection, build an ethical organisational culture as well as maintain robust internal controls. These in turns will promote a sound market reputation and strengthen the business competitive advantage.
This programme is designed for participants seeking to be updated on global compliance developments and wish to develop or review the compliance programme in their organisations.
Upon completion of this programme, participants will be able to:
- monitor emerging issues affecting the compliance industry;
- assist in the development of a compliance programme for your organisation;
- support compliance activities to mitigate the risk of compliance breaches; and
- review and propose actions when there are compliance breaches.
Interactive presentation, Discussions on Case Studies and Question-and-Answer (Q&A) sessions
Compliance officers, risk management officers, investment advisors, lawyers, and accountants
Stockbroking firms, fund management companies, unit trust management companies (UTMCs), investment and commercial banks, insurance companies and PLCs
||Functional/Process Skills – Compliance
Foundational (Regulatory Knowledge) - Capital Market Institutions
Foundational (Regulatory Knowledge) - Capital Market Intermediaries
Foundational (Regulatory Knowledge) - Anti-Money Laundering
Future of Compliance
- Cybersecurity Challenges
- Key focus areas with high potential for risk and violation
- Leveraging on IT systems and risk sensing analytics
- Challenge of new technologies and business apps
- How and why some companies miss significant risk exposures?
- Whistleblowing Programmes – Part of Compliance DNA
- Whistleblowing and compliance
- Rules to govern whistleblowing
- Case studies
Speaker: Angelina Kwan, Managing Director and Head of Regulatory Compliance for Hong Kong Exchanges and Clearing Limited
Development of an Effective Compliance Programmes
- Key Elements
- High level direct reporting authority (e.g.to Audit Committee)
- Clear policies and procedures, code of conduct and disciplinary guidelines
- Customised training programmes – Compliance expectations, due diligence protocols and ethics
- Internal compliance monitoring, reporting and communication framework
- Internal control standards reviews and recommendation procedure
- Periodic risk assessments, reporting and recommendation procedure
- Prioritising the Activities
- Identifying high risk areas
- Planning and performing required risk assessments
- Example - Assessing business impact of non-compliance
- Regulatory Alerts and Updates
- Linking compliance to organisational work flows
- Flagging key action items and accountability
- Example – Communicating new expectations of regulator
- Aligning Regulations with Policies and Business Processes
- Integrating regulatory requirements with policies
- Consolidating policies for multiple regulations
- Challenge of designing compliant workflows
- Example - RegTech in compliance
Speaker: Maheswari Kanniah, Group Chief Regulatory and Compliance Officer, Kenanga Investment Bank Berhad
Case Studies: Tone at the Top and Organisational Culture
This session focuses on the internal challenges facing compliance officers ranging from commitment from the BOD and senior management attitude towards the way things are reported to the BOD. Typically these could include marketing, client disclosures and conflict of interest issues.
- Classic compliance failures
- Important lessons for compliance officers
Moderator: Natalie Sylvia Chow Mong Yean, SC Malaysia
Speakers: Angelina Kwan, Maheswari Kanniah
Future of Compliance: Thoughts and Deliberations on How to Anticipate and Mitigate Compliance and Ethics Risks
- Tone at the top and commitment to compliance and ethics
- Improprieties, allegations, complaints - What gets reported and what gets escalated?
- Reliance on internal controls
- Enter the ethics officer
- Conduct risk - sales practices, investor protection and market reputation
- Q & A with participants
Moderator: Natalie Sylvia Chow Mong Yean
Panel: Angelina Kwan, Maheswari Kanniah
End of Programme