Compliance Monitoring in Investment Management Firms

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This training will help to examine the practical implications of the regulatory framework and assist you in considering how best to manage Compliance Monitoring within your firm.

Attendees will complete a series of exercises within groups that will provide fresh ways of assessing their compliance monitoring activities, structure and programmes. Using the knowledge and insight gained in this course, attendees can critically evaluate the robustness of their current arrangements and identify areas that may be strengthened.

The course is pitched at a New to Role / Refresher level. It is likely less valuable for experienced staff in larger firms with more established or mature compliance monitoring functions and dedicated monitoring personnel.

Key Learning Objectives:

• Be up to date on the key changes that will impact the compliance function and approach to compliance risk management.
• Understand the expectations of regulators and the behavioural responses expected from firms.
• Through reference to specific rule books, be able to position the purpose, scope and role of Compliance Monitoring within a firm generally but also regarding the Three Lines of Defence (3LOD) Model.
• Understand how to apply and control resources to the best effect, so that appropriate mitigation of compliance risk and adequate controls over key functions within the business are in place.
• Gain the ability to effectively assess whether your current structure is fit for purpose.
• Understand the models and processes which can be used to identify, prioritise and record the risks and relevant operational arrangements in your firm whilst building your Compliance Monitoring plan.

09:30 Introductions and Welcome

09:45 Introduction to Compliance Monitoring

• Overview of compliance monitoring and its importance for investment firms
• Regulatory requirements and industry best practice
• Supervisory Approaches and Expectations
• Group Discussion – “The Future of Compliance - Current Themes & hot topics”

11:00 Coffee break

11:15 Compliance Monitoring Frameworks

• Developing a compliance monitoring framework for Investment firms
• The monitoring universe (SMCR, SYSC, COLL, FUND, COBS and other relevant handbooks)
• How traditional compliance models may need to adapt; Risk Assessment, Testing and Reporting
• Role of the compliance team in monitoring and reporting
• Group Discussion - The 3LoD model in practise

12:30 Lunch

13:15 Conducting Compliance Monitoring

• Key steps in conducting compliance monitoring, from planning to risk-based testing to reporting
• Best practice for documenting and reporting findings
• Effective communication with management and stakeholders and how to challenge the business
• Group discussion – A focus on Financial Crime and SARs

14:15 Case Studies and Examples

• Mapping your firm's compliance risk to its permissions, business model, regulatory requirements and supervisory priorities
• Review of real-world case studies and examples of compliance monitoring in Investment management firms
• Group discussion – Applying the principles learned

15:00 Coffee break

15:15 Emerging Trends and Challenges

• Current and emerging trends in compliance monitoring
• Key challenges and strategies for addressing them

16:00 Key Takeaways and Action Plan

• Summary of key takeaways
• Group discussion – Develop an action plan for enhancing compliance monitoring in your firm

16:15 Conclusions and Close

Patrick Girling BA and CRIM Associate 
Patrick Girling is an experienced risk, compliance, and governance practitioner.  Patrick has worked in Financial Services for over 25 years.  Before setting up his own consultancy Patrick was Group Risk Director at Royal London Mutual Insurance.  In permanent employment Patrick held regulatory positions responsible for risk, compliance and audit.   

Since leaving the corporate world Patrick has supported businesses and Boards to develop appropriate risk and compliance frameworks as well as developing comprehensive approaches to governance and also served as Non-Executive Director where he chaired the Audit, Risk and Compliance Committee. 

Patrick is member of the Institute of Risk Management and has been a speaker at ILAG and business sponsored events. 

The course is pitched at a New to Role / Refresher level. It is likely less valuable for experienced staff in larger firms with more established or mature compliance monitoring functions and dedicated monitoring personnel. 

IA Member £645.00 +VAT
Non-Member £795.00 +VAT

Pay using a credit card online, or if you wish to be invoiced please email your full details to: Training@theia.org

PLEASE NOTE: Full payment for the course must be made prior to the course commencement date.

• Any cancellation must be made in writing.
• For all cancellation received 15-30 days prior to the course start date, 50% of the course fee is still payable.
• No refund is given for a cancellation made 14 days or less prior to the commencement of a course.
• Transferring from one course to another is treated as a cancellation. You can substitute one delegate for another at no additional cost. In this instance, please give two business days’ notice.