Planning and Implementing an Ethics and Compliance Risk Assessment Program
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Speaker : STANLEY EPSTEIN
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When : Thursday, December 12, 2024
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Time : 11 : 30 AM EST
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Stanley holds a Master’s degree in Economics and a BCom. degree in Accounting from the University of South Africa, Pretoria. He has extensive banking and IT experience, 33 of which were with the Standard Bank of South Africa. He also filled several industry-level roles in South Africa. This included that of Chairman of the South African interbank PASA Risk Committee, member of the South African Clearing Bankers Association’s ERAG Group and of having represented South Africa at UNCITRAL (United Nations Commission for International Trade Law) in New York, in the formulation of the foundational legal concepts for electronic banking.
He has had extensive exposure to banking practice and banking operations in a number of countries including the USA, United Kingdom, South Africa, Israel, Europe, and Australia. He has also acted as an advisor to a number of central banks on payment systems, oversight, policy and payments risk issues.
More recently, he spent time in the high-tech sector as a payment systems designer and consultant to a global payments software developer.
An ethics and compliance risk assessment is the foundation of an effective ethics and compliance risk management program. This detailed webinar provides a 12-stage framework that will help you complete your own ethics and compliance risk assessment.
The 12 stages are divided into two components, the Planning Phase and the Implementation Phase.
The planning phase consists of six stages:
- Leadership buy-in
- Setting up the process
- Resources
- Framework and methodology
- Risk appetite
- Automation
The Implementation Phase has six stages too:
- Collecting the data
- Identifying ethics and compliance risk factors
- Inherent risk
- Identifying, mapping, and rating mitigating controls
- Residual risk
- Developing the action plan
In this hands-on webinar, we provide a wealth of practical tips on how to go about these tasks. Along the way we are also going to look at a number of major components and themes relating to the ethics and compliance risk assessment; items such as;
- Definitions
- Understanding why ethics and compliance risk assessment are so important
- Regulations and compliance requirements in the US, the UK, France and the OECD
- How the COVID-19 pandemic changed the risk profile and what we need to do to counter these additional risks
- Details of the main risk management systems currently in use
With a completed ethics and compliance risk assessment and armed with your findings and action plan, you will be equipped to develop and implement an effective ethics and compliance risk management program.
As an added bonus, the approach that we use in this webinar is easily applied to any form of compliance, ethics, or conduct risk. What this means is that the process will work equally well for data privacy, bribery and corruption, conflict of interest, financial integrity and fraud, modern slavery, and other forms of economic crime.
- Explore why ethics and compliance are so important for modern business
- Identify essential elements of the main regulatory ethics and compliance requirements in the US, the UK, the OECD, and France
- Recognize the key stages of the planning and implementation phases
- Explore the different risk management frameworks
Areas Covered
- Introduction and overview
- Planning phase
- Implementation phase
Who Should Attend
Chief Compliance Officers (CCOs), Chief Ethics Officers, Compliance Managers, Risk Managers, Internal Auditors, Legal Counsel, Corporate Governance Officers, Human Resources Managers, and Regulatory Affairs Specialists.
Why Should You Attend
- Gain Comprehensive Knowledge: This webinar provides an in-depth understanding of the principles and processes involved in ethics and compliance risk assessment. Attendees will learn about the foundational elements of creating and maintaining an effective program, which is crucial for any organization committed to ethical practices and regulatory compliance.
- Identify and Mitigate Risks: Effective risk assessment is key to identifying potential ethical and compliance issues before they escalate. The webinar will cover methodologies for recognizing, assessing, and prioritizing risks, and provide strategies for mitigating these risks to safeguard the organization.
- Stay Ahead of Regulatory Requirements: Keeping up with evolving laws and regulations is challenging but essential. The webinar will address current regulatory landscapes and how to ensure compliance, thus minimizing the risk of legal penalties and protecting the organization’s reputation.
- Develop a Robust Program: Participants will receive practical guidance on planning and implementing a comprehensive ethics and compliance risk assessment program. This includes setting clear objectives, designing effective frameworks, and integrating the program into the broader risk management strategy of the organization.
- Benchmark Against Best Practices: Learning from case studies and best practices from leading organizations helps in benchmarking and improving your own programs. The webinar will share real-world examples and insights into what works best, allowing participants to apply these lessons within their own contexts.
- Enhance Organizational Culture: A strong ethics and compliance program promotes a culture of integrity and accountability. Attendees will learn how to embed ethical behavior and compliance into the organizational culture, leading to a more trustworthy and productive workplace.
Topic Background
This webinar is a strategic investment for professionals dedicated to fostering high ethical standards and ensuring regulatory compliance within their organizations. By participating, attendees will gain essential knowledge, practical tools, and expert insights necessary to develop and sustain effective ethics and compliance programs. This effort not only mitigates risk but also fosters a culture of integrity, ultimately contributing to the long-term success and reputation of their organizations.
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$160.00
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