ISO 19600: Compliance Management Systems for Financial Services

ISO 19600: Compliance Management Systems for Financial Services

Objective:
By the end of this course, participants will understand the principles of ISO 19600, its application in financial services, and how to establish, monitor, and improve a compliance management system in line with international standards.

Introduction to ISO 19600 and Compliance Management Systems
• Overview of ISO 19600 and its relevance to financial services.
• Key principles of compliance management: Leadership, risk-based approach, and continuous improvement.
• Benefits of implementing an effective compliance management system (CMS) in financial institutions.

Establishing a Compliance Management System
• Key components of a CMS: Policy, procedures, risk assessment, and internal controls.
• Roles and responsibilities of compliance officers and other stakeholders.
• Framework for setting up a CMS in line with ISO 19600.

Risk Management and Internal Controls in Financial Services
• Identifying and assessing compliance risks in financial services.
• Designing internal controls to mitigate risks and ensure compliance.
• Monitoring and auditing internal controls for effectiveness.

Improving and Maintaining a Compliance Management System
• Techniques for evaluating and improving a CMS.
• Conducting internal audits and management reviews.
• The role of training, awareness, and communication in maintaining compliance standards.