This elective studies key concepts and issues in bank compliance and group-wide compliance management. The course will give insight into compliance-related non-financial risks like Financial Crime, Bribery and Corruption, Markets and Customer Conduct as well as Data Protection both from a regulatory as well as a business perspective. At the end of the elective, the students will be able to cover compliance-related topics both from a compliance function and from a business function perspective. They also gain an understanding of possible measures of regulatory scrutiny like settlement agreements, US Monitorships, UK Skilled Person Regimes and how banks can perform major compliance transformations and ensure group-wide compliance management.
The content is delivered through readings, classroom presentations, discussions and exercises. Grading will be based on a take-home assignment with a mix of regulatory and management-related questions.
- 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. As the number of seats is limited, we recommend to register early. If you’re a GBS alumni, explore our attractive alumni discount options.
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Participants have the choice of completing the course with a qualified certificate or attending as a guest auditor. As an auditor, you are not required to complete assignments, take exams or earn academic credits.
| ECTS | Certificate | |
|---|---|---|
| Guest auditor | - | Certificate of Participation |
| Full participant | 3 CP | Qualified Certificate |
This course can also be upgraded to a Certificate of Advanced Studies (CAS) in Risk Management & Regulation in combination with other courses from our Master in Finance program.
Norbert Gittfried, LL.M
Norbert Gittfried is Partner and Director at The Boston Consulting Group (BCG). He is a senior compliance expert and global topic coordinator for compliance and regulation at BCG. He is a member of the IIF working group on Anti-Money Laundering and leads several national and international compliance roundtables. He published a handbook on Money Laundering Prevention and is regularly quoted by major national and international newspapers. Norbert advised several large multi-national banks both in optimizing and digitalizing their compliance function and in major compliance transformations in the course of regulatory scrutiny in the US, UK, Singapore, Hong Kong and other markets worldwide. Before joining BCG in 2011, he was Senior Manager at a Big-4-company, amongst others being in charge of the establishment of bad banks. Norbert holds an LL.M from Frankfurt School and a degree in business administration from Hamburger Fern-Hochschule. He is also a Certified Risk Manager (GARP) and has passed all levels of the Chartered Financial Analyst (CFA Institute).
| Date | Session |
|---|---|
| Fri., May 16, 2025 | 15:30-20:00 |
| Sat., May 31, 2025 | 09:00-11:00 |
| Sat., June 14, 2025 | 09:00-13:30 |
| Fri., June 27, 2025 | 13:00-15:00 |