ICM Series: Islamic Equity Market Explained

Past Programmes

05
Sep 2019

8:30 am - 5:00 pm

Securities Commission Malaysia

10 CPE

MYR 750 *Fee is not inclusive of 6% SST

Compliance Insights: Past Lessons And Future Direction

 

Compliance is no longer the check-in-the-box activity that it was before. Over time, the compliance function has made a dramatic turn towards innovation-fueled strategies, as it seeks to deliver the risk management outcomes required in an era of digital transformation. As technology becomes pervasive, regulators across the globe are making security and compliance regulations stringent and the cost of non-compliance unbearable.

As the industry continues its rapid evolution i.e. open banking, cryptocurrency and quantum computing are just examples of shocks to the industry that create uncertainty and test the resilience of compliance. Compliance needs a new, forward-thinking approach to continuously monitor its situation and evaluate and improve its ability to remain resilient in a financial services landscape that is subject to disruption and overnight change.

Through the use of case studies of real-world examples and hypothetical situations, this workshop is designed to give insights on compliance issues and lessons that can be learnt to assists compliance officers in carrying out their duties and responsibilities. It will also discuss the future of compliance as technology becomes pervasive, changing the way compliance is managed and changing the role of a compliance officer.

Programme Objective

The aim of this programme is to give an in-depth understanding on compliance from a practical perspective through high-level discussions and exposure of real-world case studies in which compliance officers’ face in executing their duties and responsibilities.

Learning Outcome

By the end of this programme, participants will be able to:

  1. illustrate the duties and responsibilities of a compliance officer from the perspective of both regulators in key major aspects of compliance;
  2. demonstrate an understanding of the key compliance areas, issues and challenges as well as the implications and how to deal with them appropriately based on the case studies which has been discussed;
  3. discuss the future of compliance with technology assistance and changing the way compliance is managed including the role of compliance officers; and
  4. recognise the best practices in the compliance function that lead to an effective compliance function and hence strengthening the organsitional trust and market reputation.

Methodology

This programme is a workshop style training course using effective learning methods which include presentations, discussions, case studies, examples and participant interaction to help attendees quickly grasp and internalise new knowledge with well experienced trainers in their field.

ICF Compentencies Covered

  1. Functional (Process Skills) – Compliance (FUP03)
  2. Core – Corporate Governance (CC03)
  3. Foundational (Regulatory) – Capital Market Product Regulations (FOR04)
  4. Functional (Technical Skills) – Digital Technology Application (FUT04)
  8.30 am Registration
  9.00 am DUTIES AND RESPONSIBILITIES OF A COMPLIANCE OFFICER
This session examines  the duties and  responsibilities of a compliance officer from the perspectives of both regulations and practice in the following major aspects:

  • Anti-Money Laundering and Counter Terrorism Financing
  • Safeguarding Investors’ Interests
  • Mitigating Reputational Risk
  • Monitoring and Surveillance
  • Compliance vs. Ethics

 

  • Speaker:
  • Natalie Sylvia Chow, Assistant General Manager with the Intermediary and Fund Supervision Business Group of Securities Commission
 10.45 am Refreshments
 11.00 am CASE STUDY DISCUSSION: KEY COMPLIANCE AREAS, ISSUES AND CHALLENGES
An interactive discussion session based on both local and international case studies facilitated by the trainers. The aim is to fully understand the key compliance areas, issues and challenges via thorough discussion of the cases and the exchange of views and experiences the compliance issues faced by compliance officers in carrying their duties.

  • Key Areas – AML/CFT, Corporate Governance, Internal Process and Controls/SOP; and Common Non-compliance and/or Breaches of extant guidelines, rules and regulations
  • Red Flags and Indicators
  • Identification, Escalation and Resolution Non-Compliance Matters
  • Addressing the Compliance Failure

 

  • Speaker:
  • Pete Viksnins, Director and Core Forensic Services & Anti-Corruption Leader, PwC Malaysia
  • Michael Sprake,  Director Risk Consulting,   PwC Malaysia
  • Clement Almaide, Head, Remisers Services & Head, Dealing, Maybank Investment Bank
 1.00 pm Lunch
2.00 pm THE FUTURE OF COMPLIANCE:  TECHNOLOGY ENABLING THE COMPLIANCE FUNCTION
This session will discuss on the future of compliance with the assistance of technology enabling the compliance and how it is changing the way compliance is managed.

  • Blockchain and Compliance
  • Forensic Technology and Artificial Intelligence

  • Speaker:
  • Jasmine Ng, Director of Investments and Special Projects, NEM Technology
  • ​Rohit Kumar,  Director & Leader (Forensic Technology and Data Analytics), PwC Malaysia
 3.45 pm Refreshments
 4.00 pm BEST PRACTICES: WHAT CAN BE LEARNED AND CHALLENGES (Q&A SESSION)
This final session focuses on the best practices of a compliance function, the challenges faced by compliance officers especially in gaining high level support and commitment from the BOD as well as the importance of compliance to a Company’s reputation. These best practices would lead to an effective compliance function and hence strengthening the organsitional trust and market reputation.  Moderator:
Natalie Sylvia Chow, Assistant General Manager with the Intermediary and Fund Supervision Business Group of Securities Commission

  • Panelist:
  • Pete Viksnins, Director and Core Forensic Services & Anti-Corruption Leader, PwC Malaysia
  • Clement Almaide, Head, Remisers Services & Head, Dealing, Maybank Investment Bank
  • Rohit Kumar,  Director & Leader (Forensic Technology and Data Analytics), PwC Malaysia
  • Michael Sprake,  Director Risk Consulting,   PwC Malaysia
  • Jasmine Ng, Director Of Investments And Special Projects, Nem Technology
  5.00 pm Debrief of Session and Key Take Away
  5.30 pm END OF PROGRAMME

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