Overview
A practical course that will give you a solid understanding of core compliance issues. Suitable for anyone who wants to learn more about compliance and the regulatory environment.
This certification is to lay down the minimum standards of knowledge and skills that are required to perform the identified functions those are essential to the job/position of the Compliance Officer.
Assessment Structure
- This will be a 150 minutes examination of 100 Multiple Choice Questions (MCQs).
- All questions will carry equal marks.
- There will be no negative marking.
Awarding Body
This certification is awarded by the Institute of Financial Markets of Pakistan (IFMP) and the examination is conducted on the IFMP Learning Management System (LMS).
Download BrochureLearning Outcomes
This certification is intended to enable the individuals designated to undertake or manage the regulatory compliance requirements for their respective firms have the necessary knowledge and skill levels to carry out their responsibilities of their job in a responsible manner.
Course Outline
- 2.1: The Compliance Department and its Organizational Structure
- 2.2: The Compliance and Control Functions
- 2.3: Functions of Compliance Department
- 2.4: Establishing a Compliance Culture within the Organization
- 2.5: Importance of Compliance Department Coordination with Business Units and Senior Management
- 2.6: The Importance of Compliance Department Coordination with Risk Management and Internal Audit as other Control Departments
- 2.7: The Key Factors Determining the Effectiveness of a Compliance Program
- 2.8: The Role and Job Description of a Compliance Officer
- 3.1: The Roles and Responsibilities of the Board of Directors
- 3.2: The Roles and Responsibilities of the Management
- 3.3: The Roles, Responsibilities and Duties of the Compliance Officer
- 3.4: The Roles and Responsibilities of the Compliance Committee
- 3.5: The Roles and Responsibilities of the Audit Committee
- 3.6: The Roles and Responsibilities of Internal Audit
- 4.1: Laws and Regulations
- 4.2: Establishing an Effective Compliance Infrastructure in an Organization
- 4.3: Designing and Developing a Comprehensive Compliance Program
- 4.4: The Importance of Carrying Out an Effective Compliance Monitoring Program
- 4.5: Chinese Walls
- 5.1: Principles of Risk Management
- 5.2: The Risk Management and Compliance Framework
- 5.3: The Important Elements That Support a Strong Risk Management Infrastructure
- 5.4: Various Types of Risk
- 5.5: Risk Management Tools
- 5.6: The Importance of Risk Monitoring and Review
- 6.1: The Costs of Compliance and Non-compliance
- 6.2: Evaluating the Benefits of Compliance
- 6.3: Case Studies
- 7.1: The Regulations of Standardized Account Opening Form (SAOF) and the Required Compliance
- 7.2: The Regulations Governing Manner of Transaction of Member's Business and the Required Compliance
- 7.3: The Regulations Governing the Confirmations of Client Orders and the Required Compliance
- 7.4: The Regulations Governing the Maintenance of Accounts of Members and the Required Compliance
- 7.5: The Regulations Governing the Maintenance of Books of Accounts of Members both Corporate and Non-Corporate and the Required Compliance
- 7.6: The Regulations for Printing the Details on Members Correspondence and Contracts and the Required Compliance
- 7.7: The Regulations Governing Registration of Brokers and the Required Compliance
- 7.8: The Regulations Governing the Registration of Agents and the Required Compliance
- 7.9: The Regulations Governing Agent's Dealings and the Required Compliance
- 7.10: The Regulations Governing Deliverable Futures Contracts and the Required Compliance
- 7.11: The Regulations Governing Short Selling under Ready Market and the Required Compliance
- 7.12: The Regulations Governing the Members Branch Offices and the Required Compliance
- 7.13: The Regulations Governing the Net Capital Balance and Capital Adequacy Requirement of the Brokers and the Required Compliance
- 7.14: The Regulations Governing the Leveraged Financing and Pledging in the Securities Markets and the Required Compliance
- 7.15: The Regulations Governing the Segregation of Client Fund and Securities and the Required Compliance
- 7.16: The Regulations Governing the Trading by the Employees of the Brokerage Houses and the Required Compliance
- 7.17: The Listing Regulations of the Exchanges and the Required Compliance
- 7.18: The Regulations Prohibiting the Illegal Financing (In-House Badla)
- 7.19: The General Obligations of the Brokerage House/Broker
- 7.20: The Regulations Governing Internet Trading and the Required Compliance
- 7.21: The Scope for Joint Inspection carried out for Brokers Compliance
- 8.1: Why Controls are Required
- 8.2: The Control Framework - COSO
- 8.3: The Control Framework - a.k.a. CoCo
- 8.4: Other Control Models
- 8.5: Links to Risk Management
- 8.6: Control Mechanisms
- 8.7: The Importance of Procedures
- 8.8: The Importance of Integrating Controls
- 8.9: The Importance of Internal Control Awareness Training
- 8.10: The Fallacy of Perfection
- 8.11: Guidelines for Internal Control System and Compliance Function for Securities Brokers
- 9.1: The Purpose of Auditing
- 9.2: Definition: Internal Audit
- 9.3: The Audit Charter
- 9.4: Audit Services
- 9.5: The Importance of Independence
- 9.6: Audit Ethics
- 9.7: Audit Competencies
- 9.8: Training and Development Needs
- 10.1: The Audit Professionalism
- 10.2: Internal Auditing Standards
- 10.3: Due Professional Care
- 10.4: Professional Consulting Services
- 10.5: The Quality Concept
- 10.6: Defining the Client
- 10.7: Internal Review and External Review
- 10.8: The Need of Marketing the Audit Role
- 10.9: The Value of Continuous Improvement
- 11.1: The Agency Concept
- 11.2: Corporate Ethics and Accountability
- 11.3: International Scandals and their Impact
- 11.4: Models of Corporate Governance
- 11.5: Put Governance into Practice
- 11.6: The External Audit
- 11.7: The Audit Committee Functions
Price: US$495
Course Features
- Modules 11
- Duration 8 Weeks
- Content Type Text & media
- Assessment Yes
- Pass Percentage 70%
- Certificate Yes
