Training- How to Build a Successful Compliance Function
By Vytautas Danta, Head of Compliance, Europe, Revolut Bank
In recent years, the compliance profession in Europe has experienced significant growth, driven by the rise of fintech companies, increasing regulation, heightened environmental, social, and governance requirements, and greater business awareness of risk management in general. But once you go beyond the theoretical basics, it can be very confusing in practice.
This ECPA training session will focus on practical implementation of the compliance operating model in the organisation, structure and areas of responsibility, controls, reporting and escalation requirements, KPIs and team competencies. Participants will be invited to examine the guiding principles and limitations of the compliance function operating model. The session will also highlight how to effectively leverage organisational data to monitor compliance risks and measure the success of compliance efforts.
Designed for compliance professionals dealing with practical challenges, senior management seeking to enhance their organisation's compliance capabilities, and anyone with an interest in the field, this session offers valuable insights into modern compliance practices.
Programme Outline:
1. Main elements for compliance function
Objective: To review the main requirements for successful compliance function - tone from the top, team, function mandate, structure, risk appetite, policy.
2. Building Compliance controls
Objective: To discuss the main controls which are used by compliance - advisory services, product and process reviews, customer acceptance, assurance, incident management and other.
3. Making Use of Organisational Data in Compliance: Looking for Early Warnings
Objective: To discuss examples of how existing organisational data can help identify potential compliance risks and create frameworks for monitoring the effectiveness of different policies.
4. Collaboration Across Functions
Objective: To discuss the roles and responsibilities associated with compliance across internal teams, including Business, Risk, Legal, and Audit.