This module studies key concepts and issues in bank compliance and group-wide compliance management. The course will provide insight into compliance-related non-financial risks, including Financial Crime, Bribery and Corruption, Markets and Customer Conduct, and Data Protection, from both regulatory and business perspectives. At the end of the course, the students will be able to cover compliance-related topics from both the compliance and business functions’ perspectives. They also gain an understanding of possible measures of regulatory scrutiny, such as settlement agreements, US Monitorships, UK Skilled Person Regimes, and how banks can undertake major compliance transformations and ensure group-wide compliance management.
- Understand the key non-financial risks banks are facing both from a regulatory and process perspective
- Understand possible sanctions mechanisms for banks in various markets and ways to cooperate with the respective authorities
- Assess the riskiness of business models and specific markets
- Understand the challenges and possible approaches for a group-wide compliance management
This course is part of the prestigious part-time Master in Finance program, conducted in English on Fridays and Saturdays on Campus Westend. It offers a valuable opportunity to network and gain expertise without committing to a full degree program. Upon completion, participants receive a Certificate of Participation. This course may be credited towards the Certificate of Advanced Studies (CAS) in Risk Management & Regulation when completed together with the other required courses within one academic year. As the number of seats is limited, we recommend to register early. If you're a GBS or Goethe University alum, explore our attractive alumni discount options.
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Next course offering: Summer Semester 2027. New dates will be announced soon.
Norbert Gittfried, LL.M
Norbert Gittfried is a Partner and Director at Boston Consulting Group (BCG) and a senior compliance expert. He serves as global topic coordinator for compliance and regulation at BCG, is a member of the IIF working group on Anti-Money Laundering, and leads national and international compliance roundtables. He has advised multinational banks on compliance, digitalization, and transformation initiatives worldwide. Before joining BCG in 2011, he was Senior Manager at a Big Four firm. Norbert holds an LL.M. from Frankfurt School, a business degree from Hamburger Fern-Hochschule, is a Certified Risk Manager, and has completed all CFA levels.
Candidates with an undergraduate degree (i.e., bachelor or equivalent) of 180 credit points (CP) based on the European Credit Transfer System (ECTS) can apply for our Open Programs. The allocation of credit points for work experience will appear on the Academic Transcript of Records and be titled ‘Prior Learning Assessment’.
Open Program applicants must submit a recent proof of English language proficiency at the higher B2 level per the Common European Framework of Reference (CEFR). The GBS Office of Admissions will accept test results of the following tests, taken no longer than two years ago upon the date of submission:
- TOEFL iBT®
- TOEFL iBT® Home Edition
- IELTS
- Cambridge Certificate of Proficiency in English
- English Language Level Test (ELLT) - Oxford International Digital Institute
Applicants may request a waiver of proof of proficiency in English in case one of the following conditions applies. The applicant
- is a native speaker of English;
- has graduated from an international baccalaureate program
- has completed their undergraduate or master-level studies in a program taught entirely in English;
- has worked in an English-speaking country for at least one year.
If the applicant has not taken any of the above tests when submitting the application, the applicant can upload a confirmation of the test registration to the online admissions portal.
Applicants who submit a language certificate older than two years but without an expiry date will be invited for an additional interview with a native speaker of English.
Proof of relevant post-undergraduate work experience of at least one year is to be submitted, e.g., a performance review, reference letter, or written confirmation from your employer.