Governance, Risk and Compliance - Searchlight Insurance Training

Governance, Risk and Compliance

Examining the question, ‘Compliance or Good Business Practice?’ this course focuses on the triumvirate of governance, risk and compliance, as well as considering the vital importance of senior managers taking responsibility for setting the appropriate tone and culture within their organisations.

This course is intended for those wishing to gain a better understanding of how governance, risk and compliance may be brought together seamlessly to ensure alignment of approach, consistency of communications and effectiveness of controls.

Who Should Attend?

  • Executive and non executive directors
  • Company Secretarial staff
  • Compliance staff
  • Risk managers
  • Operations managers

Level:

Duration: 0.5 day(s) CII CPD Hours: 3
     

WORKSHOP OBJECTIVES

By the end of this workshop delegates will be able to:

  • articulate the importance of maintaining effective business practices and robust systems and controls
  • understand the importance of conducting regular top-down reviews of systems and controls
  • consider the organisation’s values and ethics and how these can be evidenced in line with the regulator’s expectations
  • consider the way in which compliance may be positioned within own business to encourage support and acceptance in all areas
  • understand how fair treatment of customers needs to be addressed, achieved and evidenced within own business
  • determine how Senior Management, Compliance and Risk arrangements work and interact within own business and what changes may be needed to meet the regulator’s expectations

 

WORKSHOP CONTENT

The FCA’s expectations

  • business culture and the fair treatment of customers
  • establishing and maintaining effective, transparent governance arrangements, systems and controls

 Compliance, or good business practice?

  • what is meant by ‘Good business practice’?
  • Senior Management, Compliance and Risk – creating the successful triumvirate
  • winning hearts and minds – communication and engagement from the top, down
  • ethical business – setting the appropriate culture and tone
  • quality checking and reporting – measuring success and receiving reassurance from the bottom, up

 Effective risk management

  • putting the customer at the heart of the risk assessment process
  • understanding, reporting and managing risk
  • addressing Conduct Risk