Compliance Professional Summit
Today’s compliance professionals are facing an era of dynamic and rapid regulatory change. The Dodd-Frank Act and other initiatives have changed securities regulation in fundamental ways. More demanding regulatory inspections and tougher SEC enforcement activity are also demanding increased compliance resources. Now, more than ever, the periodic identification and assessment of both compliance and operations risk is fundamental to the compliance discipline and essential for an investment adviser to understand its mitigation needs and resource allocation requirements. Accordingly, compliance officers must increasingly place a premium on risk intelligence skills, and seek to cultivate this aptitude within the organization.
The risk assessment is the foundation upon which the compliance house is to be built and CCOs are a key player – if not the key player – in the effort to identify, assess and mitigate risk in their firms. While CCOs have been conducting compliance risk assessments since the advent of the Compliance Programs Rule, in the wake of the market meltdown and Dodd-Frank, there is a newfound sensitivity to enterprise and operations risk management. CCOs are now compelled to think about risk management in a more comprehensive and integrated way. Regulators have followed this evolution and their expectations have evolved along the same lines. Regulatory examiners now expect CCOs to have a solid understanding of how the firm manages compliance and operations risks. An experienced panel of CCOs will offer practical insights and their collective strategic vision on these intriguing and all-important developments.
After attending this course, attendees should be able to:
- Explore the nature and implications of the increasing focus on risk management on the role of the compliance professional
- Understand how to structure the risk assessment process to expand its focus from beyond core regulatory compliance obligations under the securities laws to consideration of compliance and operations risks that emanate from other sources
- Conceptualize and organize firm operations from a risk perspective, based on an understanding of how regulation in one area impacts other areas and the firm’s overall enterprise risk exposure.
Chief Compliance Officers
Compliance Staff at all levels
Suggested Skill Level: Intermediate
Instructional Method: Group Internet-Based
Pre-requisites for participation:
No pre-requisites are required. However, attendees can benefit by reviewing the Investment Advisers Act of 1940 and related SEC Rules
Advance Preparation: None.
Continuing Education Credits:
NRS Continuing Education Guide
Recommended CPE Credit: 2 in the Regulatory Ethics field of study
Recommended IACCP® CE Credit: 2