The Role of the Compliance Officer

The role of compliance officer within an authorised firm is an important one, and it is vital that holders of the position have a good understanding of the regulators’ approach and expectations. This is particularly the case where the Compliance Oversight (CF10) function is held, as these individuals must be able to demonstrate to the regulators that an appropriate level of competence has been achieved and maintained.

This workshop will consider the responsibilities of the compliance officer as well as practical aspects of the role, including compliance monitoring. Failure to comply with regulatory expectations could result in the FCA and/or PRA taking action against the firm and its senior managers. This workshop will look at instances where this has happened and the lessons that can be learned.

Who will benefit

This workshop is particularly suitable for individuals who are new to the role of Compliance Officer and/or the Compliance Oversight function, but will also be of benefit to junior members of compliance teams who are seeking career development and progression.

After attending this workshop you will:

  • Have an awareness of the principal regulatory requirements governing UK financial services
  • Understand where the responsibility for compliance lies within a firm
  • Know the principal tasks of a Compliance Officer, and the key skills required
  • Understand the importance of a compliance monitoring plan, and how to construct and implement a plan
  • Have knowledge of the regulator’s approach to supervising firms, and ways in which to prepare for, and manage, a visit by the regulator
  • Understand the FCA’s enforcement process and powers

  • Fundamentals of FCA Regulation
  • Compliance Responsibilities
  • The Job, Principal Tasks, Skills
  • Compliance Manual & Records
  • Compliance Monitoring
  • Compliance and Financial Crime – Insider Dealing & Market Abuse
  • Regulator Visits
  • Complaints & Enforcement

Registration: 09:00
Start: 09:30
Close: 17:00

Lunch will be served and there will be two 15-minute breaks (mid-morning and mid-afternoon).

*Please note that the workshop sequence and/or subject matter may differ from that described here.  The programme is constantly being updated to embrace new ideas and developments as they evolve

Approach to training

This workshop uses a combination of trainer input, knowledge sharing with interactive syndicate work and case studies. Group size is kept to a maximum of 16 to facilitate sharing of experience amongst the delegates.

Nigel Sydenham

Nigel Sydenham combines extensive experience as a trainer with practical knowledge drawn from his time as a Compliance Officer in the private banking and stockbroking sectors. He specialises in training senior management teams, and other staff, on their regulatory obligations and responsibilities. Recent projects have included training the senior management team of a private bank in relation to the senior managers regime, providing a ‘crash-course’ in financial regulation for the prospective CEO of an investment firm and designing a compliance induction programme for a top tier investment bank. He also delivers training on a range of financial crime related topics

 

Nigel has an interactive training style and is expert at attaining audience participation through the use of case studies, group exercises and discussion. He is a CFA Charterholder, Chartered Wealth Manager and Chartered Fellow of the CISI, as well as being a qualified teacher.

 

Prior to joining CCL he was a trainer with a major financial services training company, where he was primarily responsible for designing and presenting training courses on financial services regulation and compliance, ranging from one day introductory courses to multi-phase diploma courses. He also taught towards the CFA and the CISI Chartered Wealth Manager Qualification. Prior to this he was Compliance Officer in a private bank and before that held a range of compliance, training and technical roles in a private client stockbroker.

 

Nigel is an active member of the CISI and is a member of the editorial panel for the CISI Review. He was previously also a member of the CISI Compliance Forum committee. He is also a member of the CFA UK Ethics Committee.

Take this workshop in-house

If you have five or more delegates who wish to attend this course, it may be more cost effective to run it in-company. To find out more about in-company training, please contact Philip Allen Director of Learning on 0207 216 8843 or philip.allen@bba.org.uk