Compliance Officer

Compliance Officer

 

Compliance Officer qualification represents a professional qualification required in the labor market, that arises from domestic and international legal regulations requiring the existence of this function,  as well as from the internal need of the banks fot the existence of an independent function support compliance risk management.

OBJECTIVES

Quality assurance of the exam preparation for participants, as well as the certification of knowledge, skills and competences described in the Compliance Officer occupational standard.

TARGET GROUP

The target group consists of staff from the banking system employed in the following departments: compliance, risk, audit and corporate/retail operations, legal

PREREQUISITES

Participants must demonstrate their economic or legal  academic background  and that they are banking and financial system employees.

DOCUMENTS REQUIRED

  • bachelor’s degree (copy)
  • an official letter from your employer
  • identity card (copy)
  • application form

CONTENT

Developing the 8 Competences Specific to the Occupation of Compliance Officer:

Competence 1. Advising bank management to ensure compliance with the legal obligations

1.1. Establishment of legal obligations

1.2. Assessing the degree of risk associated with non-compliance with legal obligations

1.3. Defining staff responsibilities

1.4. Identifying internal compliance measures

1.5. Compilation report

Exercises and case studies

Competence 2. Assist bank management in the development of the Compliance Program

2.1. Drafting compliance policy

2.2. Approval by the bank’s management of compliance policy

2.3. Provide advice to the bank’s management in the development of internal procedures

2.4. Regularly assessing the suitability of internal procedures to the requirements of the law

2.5. Reporting the deficiencies found to the bank’s management

2.6. Proposing to approve proposals to modify existing internal procedures

Exercises and case studies

Competence 3. Conducting training of bank staff

3.1. Elaboration of the training plan

3.2. Preparation of the training materials and subjecting them both to their plan and the approval of the bank’s management

3.3. Executing training for bank staff

3.4. Evaluation of the training activity and archiving of the execution records

Exercises and case studies

Competence 4. Monitoring compliance

4.1. Elaboration of the compliance monitoring plan and its approval

4.2. Conduct compliance monitoring activities

4.3. Identification of deficiencies in the conformity assurance activity

4.4. Propose remedies for deficiencies

4.5. Monitor the way to solve the deficiencies

4.6. Periodic evaluation of the monitoring plan

Exercises and case studies

Competence 5. Reporting noncompliance

5.1. Determining the purpose and destination of reporting

5.2. Identifying nonconformity situations, hierarchy of non-compliance in terms of associated risk

5.3. Proposed measures to address non-conformities

5.4. Drawing up the report on non-compliance, associated risk and proposed measures

Exercises and case studies

Competence 6. Fulfill the role of compliance officer in the field of money laundering prevention and terrorist financing

6.1. Performing the designated person’s role in the relationship with the ONPCSB

6.2. Develop procedures for preventing money laundering and terrorist financing

6.3. Regular execution of bank staff training in the field

6.4. Analyzing suspicious information and reporting to the ONPCSB on reasonably justified suspicions

6.5. Coordination of reporting to the NOPCML and response to Office requests

Exercises and case studies

Competence 7. Granting advice to bank staff

7.1. Analysis of bank projects and recommendations

7.2. Granting the compliance approval stamp and exercising

7.3. Assisting bank staff to comply and issue views on compliance compliance

Exercises and case studies

Competence 8. Representation of the bank in relations with authorities.

8.1. Performing the designated person’s role in dealing with authorities

8.2. Managing inspections by authorities

8.3. Answers to authorities’ requests and liaison with authorities

Exercises and case studies

TRAINER

Maria-Magdalena Calangiu, licensed in Law, is the Director of the  ING Global Compliance Center, coordinating the monitoring of specific compliance risks, both standardized and centralized, on behalf of the global compliance function at  the level of ING group.

She has a vast legal and compliance expertise, gained during her more than 20-years career in various organizations such as the Ministry of Finance, Local F.I.U., Credit Europe Bank, ING, BRD-GSG. Her international certifications include Diploma in Compliance – ICA & University of Manchester, UK; Certified AML Specialist – ACAMS, USA; MBA Open University UK.

Since 2010 she has been certified  by MMFPSPV and MEN both as a Trainer and as a Professional Competence Evaluator.

Ms. Calangiu is the author of the analysis and standard for the Compliance Officer’s occupation, as well as of the subsequent course.

PERIOD

The course will take place over 54 hours of training (five sessions), scheduled for the weekend out of which: 18 hours for theoretical training and 36 hours for practical training between June 7 and July 27, 2019

 

Session 1: June 7-8, 2019; Friday 14:00 – 20:00; Saturday 9:00 to 17:30

Session 2: June 21-22, 2019; Friday 14:00 – 20:00; Saturday 9:00 to 17:30

Session 3: July 5-6, 2019; Friday 14:00 – 20:00; Saturday 9:00 to 17:30

Session 4: July 19-20, 2019; Friday 14:00 – 20:00; Saturday 9:00 to 17:30

ASSESSMENT

It takes place at the end of the course and consists of a theoretical test and a practical test.

Theoretical test takes place on the last day of the course and consists of a written test in the form of a grid test, comprising 40 questions, with multiple answers, with one or more correct answers. The evaluation is done with the admitted / rejected rating; the admitted qualification is awarded for at least 35 correct answers. Only candidates admitted to the theoretical test will be able to support the practical test.

At the beginning of each course the participants receive the paper support course and the final project theme. Course support is the basis for theoretical training, and practical exercises during training sessions are the basis for drawing up the final project, alongside the independent research conducted by participants during the course.

Practical test takes place during the exam, which will be held no later than two weeks after the completion of the course and consists of a final project.

The final project will be submitted to an examination and Evaluation Board composed of: Maria Magdalena Calangiu, MBA, ICA, ACAMS; Doru Bebe Bulata, ICA, ACAMS, Advisor, Corporate Governance, Risk and Conformity EximBank and Dr. Gabriela Hârţescu, General Manager, Romanian Banking Institute.

The evaluation of the final draft is done by 2 members of the Examination Board with marks between 1-10.

Participants who obtain a score of at least 7 for the final project will receive Graduation Certificate issued by Romanian Banking Institute (under the aegis of the founding members: National Bank of Romania and Romanian Association of Banks), with  54 Continuing Professional Development credits (CPDs) and the Descriptive Supplement of the acquired specific competences.

Maximum number of participants: 18

RBI will hold the course on its premises, providing specialised lecturers, course materials and catering services during the training day.

CONTACT

Maria Plăişanu

Training Manager

Telephone: 0372 394 427

Mobile telephone: 0748 886 846

E-mail: maria.plaisanu@ibr-rbi.ro