What are the tasks of the compliance function?

What are the tasks of the compliance function? The identification of the essential legal regulations and requirements, the non-compliance with which can lead to a risk to the assets of the institute, is carried out by the compliance function at regular intervals, taking risk aspects into account. The compliance function shall work towards the implementation of effective procedures for compliance with the legal regulations and requirements essential for the institution and corresponding controls. Furthermore, the compliance function shall support and advise the management with regard to compliance with these legal regulations and requirements.  

#1 What are the tasks of the compliance function?

In principle, the compliance function reports directly to the Executive Board. It can also be linked to other control units, provided there is a direct reporting line to the management. In order to fulfil its tasks, the compliance function may also have recourse to other functions and units. Depending on the size of the institution as well as the type, scope, complexity and risk content of the business activities, the compliance function is to be located in an area independent of the market and trading divisions. Book the seminar What rights does the compliance officer have? online. Convenient and easy with the seminar form online and product no. A01.  

#2 Target group for the course: What rights does the compliance officer have?

# Board members and managing directors at banks, financial service providers, insurance companies, leasing and factoring companies # Compliance officers and employees of compliance and legal departments, heads of internal audit, data protection officers, # One unit §25h (7) German Banking Act, legal advisors, compliance specialists and managers  

#3 Your benefits with the course: What rights does the compliance officer have?

#1 Practical implementation of a compliance system – new duties of care and liability risks for the compliance function – whistle-blowing system according to §25 of the German Banking Act (KWG) #2 Compliance interfaces with data protection, the one unit §25(7) German Banking Act and internal auditing #3 Minimum requirements for an overall ICS with compliance, corporate governance, data protection, internal audit and the central office  

#4 Your advantage with the course: What rights does the compliance officer have?

Each participant receives the following S+P Tool Box free of charge with the seminar What rights does the compliance officer have? + Compliance and Corporate Governance Organisational Handbook (incl. EBA requirements, 40 pages) + S+P Check: Data protection for practitioners in accordance with EU-DSGVO + Checklist: Monitoring and documentation of control actions + Sample report for the reporting of guarantors and authorised representatives + S+P Tool Legal Inventory: Risk Assessment for Compliance Officers     Programme for the course: What rights does the compliance officer have?

Agile Compliance Management in Practice

• Requirements of MaRisk and European banking supervision for a compliance system
• MaRisk-compliant organisation and staffing of the compliance function
• Guarantor position under liability law – BGH rulings on the responsibility of agents
• „Red Flags“: Limiting Personal Liability Risks for the Compliance Function
• Minimum requirements for a whistle-blowing system
• Compliance reporting: monitoring and control plan, sample for audit-proof reporting

Each participant receives the following S+P Tool Box free of charge with the seminar What rights does the compliance officer have? + Organisational manual Compliance and Corporate Governance (incl. EBA requirements, length: approx. 40 pages).  

Manage compliance interfaces to DPO, CISO, MLRO, outsourcing officer and internal audit securely.

• The Three Lines of Defence Model: Compliance and Internal Audit Interface
• Risk-oriented auditing, documentation and reporting by the commissioners
• IT compliance: Supervisory requirements for IT and the CISO
• Data protection compliance: rights and duties of the data protection officer – optimally designing interfaces between compliance, IPM and data protection

Each participant receives the following S+P Tool Box free of charge with seminar What are the rights of the compliance officer? + Checklist: Data Protection for Practitioners acc. to DSGVO + Checklist: Monitoring and documentation of control actions  

MaRisk AT 4.4.2: Tasks and Duties of the Compliance Officer

• ICS significance for a proper business organisation §25a German Banking Act
• MaRisk AT 8: What must the compliance officer pay attention to in adjustment processes?
• Managing compliance-relevant risks securely with ICS key controls:
• Remuneration Directive: Control and approval duties of compliance officers on remuneration policy
• Avoiding legal risks: integrated risk analysis for an audit-proof legal inventory
• Avoiding duplication of work – clearly assigning interfaces and tasks
• Self Assessment § 25d German Banking Act: Are Executive Board and Supervisory Board Compliant?

Each participant receives the following S+P Tool Box free of charge with the seminar: + S+P Check: Compliance of the business organisation §25 KWG + Sample instructions for setting up an audit-proof ICS system (approx. 50 pages) + S+P Tool Legal Inventory: Risk Assessment for Compliance Officers + S+P Check: InstitutsVergV – Control duties of the compliance officer  

Participants have also booked the following Compliance courses: