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Introduction to Risk Management

Course Description

“Everyone can benefit from Risk Management training.”
Alf Esteban, Protecht

We are pleased to offer Protecht’s popular Introduction to Risk Management course. This course introduces the concept and nature of risk as it relates to a range of organisations using a variety of concepts to aid topic understanding.
Chapter 1 identifies the nature and behaviour of risk and explores concepts such as Risk Awareness, Risk Acceptance and the risk lifecycle. It describes how different types of controls minimise risk, and considers the types of risks usually faced by financial institutions.
Chapter 2 considers the aims, objectives and key components of the Risk Management process within an organisation. It expands on the concept of the risk lifecycle, as illustrated by a Risk Funnel chart. It explains the 3 Lines of Defence Model and the various Risk Management Standards and methodologies used globally.
Chapter 3 explores the Risk Management process as defined by ISO 31000 and AU/NZS, and explains how Risk Management tools apply to business processes.

WHO IS THIS TRAINING FOR?

This training is suitable for those seeking an introduction to the field of risk management and those who need to have a broad understanding of risk management.

Course Outline

Module 1 : The nature and types of risk

Module 2 : Risk Management, Frameworks and Standards

Module 3 : The Risk Management Process

Introduction to the Office of Foreign Assets Control (OFAC)

Course Description

This training is for banking staff on how to avoid dealing with sanctioned countries, businesses and persons

There are severe penalties for banks that commit OFAC violations. Staff need to understand how the OFAC works and how to avoid committing violations.

This short, single-module course gives an overview of OFAC, is functions and how it works. The training provides an overview of the Sanctions List and the sorts of individuals and entities that may be included in it.

Learners are introduced to the compliance obligations that OFAC imposes on banks and given information on how they, personally, should act to support the bank in meeting those obligations. The penalties for non-compliance are discussed.

Who is this training for?

The course is a suitable introduction for all banking staff who on-board customers or who handle customer transactions.

Scenario

Jasmine is an executive officer at My Save Bank, which has its head office in Ohio. While undertaking an audit of pending transactions, she discovers a number of large sums of money being transferred to a foreign national in Yemen. Jasmine is concerned that the account name and details look suspicious and are not what My Save Bank would typically deal with.

What should Jasmine do next?

Retail Banking Compliance Training

This course is part of the Retail Banking Compliance Suite

The courses available are

For more details, click on the course names above.

Course Outline

  • Explain the background and purpose of OFAC
  • Describe who must comply with OFAC
  • Explain the purpose of the SDN list
  • Promote understanding of the penalties for violations, civil and criminal

Operational Risk Management in a Period of Disruption – Will Normal Programming Resume Shortly?

In both normal times and uncertain times, policies and procedures seek to give all employees support in the carriage of business activities.

Online Learning Takes Off

The Latest GRC Asia report: Online Learning takes off / Consumption-Based Emissions / Latest version of Salt Compliance LMS

Not a question of if, but a matter of when: the vulnerability of data in business cyberspace

A moment of complacency, a daydream, or a (well-put-together) phishing email is all it takes for hackers to bypass even the most vigilant staff in your organisation.

Insider Trading

Course Description

Many organisations have a large number of employees who could come into contact with confidential information that could affect the share price of a listed company.

Are all of your employees familiar with insider trading laws? A person does not need to be an employee of a stockbroker or merchant bank to be caught by these laws.

Many listed companies have a large number of employee shareholders. Those employees should know when they can trade in the company’s shares.

Who is this training for

This training is suitable for anyone who comes in contact with confidential information regarding the share price of a listed company, such as:

  • personal assistants
  • senior managers
  • staff in mail rooms
  • IT departments

Custom courses

We have two versions of this course available:

  • Generic course
  • Insider Trading for Financial Services Organisations

Course Outline

  • Module 1: Introduction to insider trading
  • Module 2: Who is an insider?
  • Module 3:What is trading?
  • Module 4: Trading in Your Companys Securities?

 

Measuring Compliance Training Effectiveness

In this article, Thomas Fox, Compliance Evangelist based in Houston, TX, addresses the question, “What if you want to take your post-training analysis to a higher level and begin a more robust consideration of the effectiveness of compliance training?”

So be good for goodness sake: workplace behaviour at end-of-year events

As we head into the silly season, it’s worth keeping in mind that silliness is no excuse for poor standards of behaviour or even misconduct at work functions.

Fraud Awareness

Course Description

It may surprise you to learn that fraud in Australia is higher than the international average, arising in more than half of organisations. This costs the economy billions of dollars and organisations an average of $3 million. In addition, fraud can cause a loss of reputation and eventual loss of business profitability.

The most powerful anti-fraud weapon are educated and aware employees. The Salt Fraud course educates employees as to the types of behaviour that constitutes fraud, and provides a comprehensive list of fraud indicators to foster internal monitoring.

Building a culture of awareness and responsibility can reduce the risk of fraud and increase detection rates, thereby reducing the monetary and other costs of fraud.

Who is this training for?

The Salt Fraud course is tailored such that it is relevant to a diverse range of employees. This is because any person within an organisation is capable of committing fraud. This course is hence a valuable and appropriate tool for staff at all levels within an organisation, ranging from front-line staff to management.

Course Outline

  • Module 1: What is fraud?
  • Module 2: Fraud risks
  • Module 3: Common fraud schemes
  • Module 4: Fraud red flags
  • Module 5 :Risk management