ISFB Certificate
Compliance Officer

Catalog | Law, Risk and Compliance

Context

Due to the cross-border nature of its activities, the scope of banking compliance today covers a large number of specific issues and requires a wide range of knowledge as well as the ability to appreciate the regulatory environment in a panoramic manner. Constantly updated and focused on the evolutions of the main laws and other regulations (LSFin, LEFin, EAR, Fatca, etc.), this training also explores the main contemporary contextual territories (market integrity, information security, etc.)

Beyond knowledge of the regulatory framework, the ability to apply it efficiently, and to put in place a risk management system that mitigates the impacts while continuing to develop the business, is a crucial if not vital skill for financial institutions.

Key objectives

  1. Understand the framework, scope and application of the main currents in banking compliance
  2. Apply international standards governing the activity of wealth & asset management
  3. Implement and manage a complete compliance activity within a financial institution

Target audience

  • Lawyers, compliance officers and business risk managers in the banking and financial sector with previous experience in compliance
  • Experienced lawyers who wish to acquire a specialization in the financial field or to join the banking and financial industry

Stakeholders

ISFB lecturers have been working in the banking and financial world, or in their respective fields, for many years and are recognized as some of the best experts in our ecosystem in French-speaking Switzerland.

Certifications

  • 9 non-consecutive days 
  • In person at the ISFB premises
  • Weekdays, from 8:30 am to 5:00 pm
  • Language : French

The certificate is composed of 10 one-day or half-day modules:

Module 1: International Mutual Legal Assistance

  • International mutual assistance in criminal matters - principle and operation, including by means of practical cases
  • Mutual administrative assistance in stock exchange matters - principle and operation, in particular by means of practical cases
  • Mutual administrative assistance in tax matters - principle and operation, including by means of practical cases

Module 2: Sanctions

  • Typology of international sanctions.
  • International sanctions regimes - special features for Swiss financial institutions.
  • Sanctions Compliance Program: governance, organization and monitoring measures
  • Specific due diligence processes and relationship life cycle
  • Transactional and relational filtering systems.
  • Case studies: risk management in relation to business relationships and/or transactions

Module 3: Financial Crime

Module 4: Automatic exchange of information (EAR/CRS)

  • International context and EAR Rules applicable in Switzerland
  • Definition of financial institutions
  • Bonds of Swiss financial institutions
  • Diligence and identification of accounts subject to declaration
  • Identification of persons exercising control
  • Exceptions and special treatment
  • Documentation and forms
  • Transmission of information to the CFA
  • Partner countries

Module 5: FATCA / IQ Applications

  • FATCA (Foreign Account Tax Compliance Act)
  • QI (Qualified Intermediary)

Module 6: Cross border

  • Definition of cross border activity
  • Basic concepts (reverse solicitation, cross-border license, etc.)
  • Cross border risks
  • Market access restrictions with focus on the EU
  • Safe harbours

Module 7: MIFID / LSFIN

  • Customer classification and the concept of opting-in and opting-out
  • Rules of behaviour to be applied
  • Setting up an adequate organization
  • Specificities of the LSFin compared to MIFID II

Module 8: Legal aspects of digital finance

  • The status of the electronic payment service provider (PSU, TPP, PISP, AISP, PIISP, ASPSP, etc.) and the type of service (PIS, AIS, etc.) covered by PSD2
  • The status of digital asset service provider (DASP) and the typology of services involving digital assets
  • AML/CFT obligations of Fintechs and PSANs
  • Why PSD2, MiCA, PSAN activities are regulated
  • The challenges of PSD2 implementation (RTS, Open-Banking, NextGenPSD2): for whom and why?
  • The foundations and model of MiCA regulation and digital asset service providers
  • Book-entry, account maintenance and custody of digital assets
  • Why the market microstructure of decentralised finance is a challenge to regulate
  • How to approach AMLA compliance and automate its steps
  • Direct financing opportunities for growth companies
  • Interacting with a FinTech and responding to its requests
  • Comply with PSD2 requirements: inform, advise and support your customers and prospects in their digital asset projects
  • Accelerate customer acquisition and improve AML/CFT compliance efficiency

Module 9: Market Integrity

  • Insider Trading: Definitions and Exploitation of Insider Information
  • Manipulation and market abuse: definition and case studies
  • Conflicts of Interest
  • Organizational duty

Module 10: Compliance in asset management

  • Compliance aspects of product creation
  • Compliance aspects of product distribution

Module 11: Applied finance for compliance

  • Some basic investment rules
  • The different sources of risk
  • Case study: analysis of a customer risk profile
  • ESG strategies
  • Case study: compliance analysis of different ESG investments

Module 12: ESG Compliance

  • Evolution and ecosystem of the international regulatory environment
  • The main European initiatives
  • Transposition to Switzerland: close-up on MIFID 2
  • Switzerland's regulatory environment: current situation and future developments

Module 13: Compliance management

  • Organization of the compliance system and scope of the compliance function
  • Regulatory vision of the tasks and roles of the compliance function
  • Compliance officer risks
  • Case studies

Price

CHF 5'250.00 (member price)

CHF 6'570.00 (non-member price)

The member prices apply to all ISFB member institutes and their employees.

Registrations

Please complete the online application form.

Your registration will then be considered as firm and definitive. 3 weeks before the beginning of the training, you will have access to our ISFB collaborative space, then a few days before the beginning of the training to the specific space reserved for the participants of this training.

The general conditions of the ISFB apply as soon as you validate our offer.

Opening of the next session

Kick-off: October 09, 2024 at 5:30 p.m.

The next session starts on November 01, 2024 at 08:30.
The full training schedule is available here.

Examination information

The validation of the certificate is done through a written exam of the QCS type (simple choice questionnaire, one and only one correct answer) of 120 minutes. The emphasis is on understanding, application and the ability to analyze and solve concrete cases using the tools and methods seen in training. Candidates are allowed to consult course materials, appendices and personal notes (open-ended exam concept)

Review - open book - July 11, 2024

Examination schedule

Application for registration