Executive Education

COMPLIANCE IN FINANCIAL INSTITUTIONS

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, class-room presentations, discussions and exercises. Grading will be based on a take-home assignment with a mix of regulatory and management-related questions.

 

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Ludmila Ketterer

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Course
Format

This course is offered in the part-time Master in Finance program and may be attended on a “no credit” basis by individuals not enrolled in the program. Course participants are visitors who are not responsible for assignments and do not take an exam or earn academic credits. As the number of seats in the course is limited, we recommend to register online early.

Learning
Objectives

Upon completion of this course, students will be able to:

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

Key
Concepts

Bank regulation and compliance
Non-financial risk management
Risk assessment and risk appetite statements
Code of conduct
Compliance management
Dealing with supervisory investigations

Faculty

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 a LL.M. from Frankfurt School of Finance, a degree in business administration from Hamburger Fern-Hochschule. He also is a Certified Risk Manager (GARP) and passed all levels of the Chartered Financial Analyst (CFA Institute).

Key Facts

Course materials

Course materials will be provided in electronic form.

Language

English

Venue

Campus Westend of Goethe University Frankfurt.

Certificate of participation

A GBS certificate of participation is awarded upon completion of the course.

Course Fee

€ 950 (fee is exempt from VAT). The fee for GBS students or alumni amounts to € 400.

Course Schedule
Date Session
Sat., June 08, 2024 09:00-11:00, 11:30-13:30
Sat., June 29, 2024 14:30-16:30
Fri., July 05, 2024 18:00-20:00
Sat., July 13, 2024 09:00 - 11:00, 11:30 - 13:30
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There are two main things which make returning for Open Programs such a valuable and worthwhile experience. The first is being back on campus – meeting the current students, returning to campus again, the whole experience was just so pleasant. The second is the level of quality in the courses – the faculty teaching are absolute experts.

Stephan KieneDuke-Goethe Executive MBA Class of 2009
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