Compliance in Financial Institutions
"Compliance in Financial Institutions” covers key concepts and issues in bank compliance and group-wide compliance management. The course will give insight into compliance-related non-financial risks like Anti Financial Crime, Anti 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 course, 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.
Learning objectives
Upon completion of this course, you 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
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.
Faculty
Norbert Gittfried, LL.M.
Norbert Gittfried is Partner and Associate 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 Gittfried 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).
Course Schedule
| Date | Sessions | |
|---|---|---|
| Sat., July 10, 2021 | 09:00-11:00 11:30-13:30 | |
| Sat., July 17, 2021 | 09:00-11:00 | |
| Sat., July 24, 2021 | 09:00-11:00 11:30-13:30 | |
| Sat., July 31, 2021 | 09:00-11:00 | |