RCS – Regulatory Compliance Specialist
RCS – Regulatory Compliance Specialist
Our RCS Certification teaches you how to manage the regulatory compliance business, compliance scope, compliance testing and examinations, and much more. The program discusses the scope of compliance with regulator instructions according to the laws and regulations of various countries. It also discusses the compliance department’s relationship to other departments within an institution — like the legal department and the internal audit department — and how to handle large quantities of local and international regulations to determine compliance responsibility.
Learning Objectives
Through this content, you’ll gain valuable skills and insights, including:
Understand the role and significance of international regulatory bodies such as the Bank for International Settlements (BIS), Basel Committee on Banking Supervision (BCBS), and Wolfsberg Group.
Understand the five stages of the compliance monitoring and examination process.
Request for Information (RFI), and its purpose in gathering necessary compliance-related information.
Periodic Regulatory Reports and their significance in reporting compliance status.
Regulatory Inventory Matrix (RIM) and its role in assessing regulatory compliance requirements.
Regulatory Control Matrix (RCM) and its importance in mapping control activities.
Compliance Examination and its role in evaluating the effectiveness of compliance measures.
Compliance Risk Assessment
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