ISO 19600 – Compliance Management System Auditing in Financial Services

Course Objectives

• Understand the key principles and framework of ISO 19600 for compliance management.
• Identify and assess compliance risks in financial services.
• Conduct effective audits of compliance management systems tailored to the financial services industry.
• Develop audit reports and provide actionable recommendations for continuous improvement.

Course Content

Introduction to ISO 19600 and Compliance in Financial Services

• Overview of ISO 19600: History, principles, and framework.
• Importance of compliance in financial services.
• Regulatory landscape and its impact on compliance requirements.
• Key components of a compliance management system (CMS).

Compliance Risk Identification and Assessment

• Understanding compliance risk in financial services.
• Tools and methodologies for risk assessment.
• Aligning compliance objectives with organizational goals.
• Case studies: Common compliance risks and scenarios.

Auditing Compliance Management Systems

• Planning and preparing for a compliance audit.
• Audit techniques: Interviews, document reviews, and process evaluation.
• Evaluating the effectiveness of compliance measures.
• Key considerations for audits in financial services.

Reporting, Follow-up, and Continuous Improvement

• Structuring audit findings and preparing reports.
• Communicating audit results to stakeholders.
• Developing recommendations for corrective actions and improvements.
• Ensuring ongoing compliance and maintaining an audit cycle.

DATE:
1ST BATCH: 21st – 24th Jan, 2025
2ND BATCH: 24th – 27th June, 2025