ISO 19600: Compliance Management Systems for Financial Services

Objectives

By the end of this course, participants will be able to:
• Understand the principles and framework of ISO 19600: Compliance Management Systems.
• Develop, implement, and maintain an effective compliance management system within financial services.
• Identify and address compliance risks in financial operations, leveraging the ISO 19600 standard.
• compliance management with organizational strategies and operational processes.
• Foster a culture of compliance within the financial services sector.
• Evaluate and monitor the effectiveness of compliance systems using ISO 19600 guidelines.
• Adapt the compliance framework to align with other standards such as ISO 37001 (Anti-Bribery) and ISO 31000 (Risk Management).

Course Content:
Introduction to ISO 19600
o Overview of ISO 19600 and its importance in financial services.
o Key definitions and terminology.
o Benefits of adopting a Compliance Management System (CMS).

Principles of Compliance Management
o Risk-based approach to compliance.
o Leadership and commitment to compliance.
o Organizational culture and integrity.

Framework for Compliance Management Systems
o Structure of ISO 19600.
o Understanding the context of the organization.
o Key roles and responsibilities in compliance management.

Compliance Risk Assessment in Financial Services
o Identifying compliance risks in financial institutions.
o Tools and techniques for risk assessment.
o Prioritizing risks based on impact and likelihood.
Developing a Compliance Management System
o Designing policies and procedures.
o Setting up compliance objectives and indicators.
o Allocating resources and defining responsibilities.

Implementing Compliance Management Systems
o Integrating compliance into daily operations.
o Training and awareness programs for employees.
o Communication and documentation processes.

Monitoring and Evaluation
o Compliance performance measurement and reporting.
o Internal audits and assessments.
o Addressing non-compliance and corrective actions.

DATE:

1ST BATCH: 18th – 21st Mar,                                       2025    

2ND BATCH: 1st – 4th July,                                           2025