ISFB Certificate
Regulatory Specialist

Catalog | Support and Back-office

Context

A thorough and extensive knowledge of the aspects related to banking regulation is nowadays an essential skill for any player in the global financial market, regardless of the functions performed.

Beyond the regulatory requirements, mastering the compliance perimeter is an essential strategic and commercial asset insofar as it impacts aspects such as the attractiveness of the bank and the financial center, its image and reputation, and even its solidity and durability. Beyond the knowledge of the regulatory framework, the ability to apply it efficiently and to set up a risk management system allowing to mitigate the impacts while pursuing business development, constitutes a crucial if not vital skill for financial institutions.

Key objectives

  1. Understand and assess the risk management implications of new regulations
  2. Understand the framework, scope and application of the main currents in banking compliance
  3. To apply the national standards regulating the wealth management activity

Target audience

  • Lawyers, compliance officers and risk managers in the banking and financial sector with previous experience in compliance, or lawyers wishing to acquire a specialization

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.

Organization

Program director: Frédéric Ruiz

Product Manager: Larissa Kungudi

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 8 one-day modules:

Module 1: Refresh Legal & Compliance

  • Organisation and system of banking regulation in Switzerland
  • FINMA
  • LB / OFP
  • Banking secrecy
  • Anti-money laundering
  • Management Mandate
  • Rules of conduct

Module 2: Applied Compliance - Clients & Transactions I

  • Legal framework for the fight against money laundering & terrorist financing
  • Verification of the identity of the contractor
  • Identification of the beneficial owner (natural / legal person, foundation or trust)

Module 3: Applied Compliance - Clients & Transactions II

  • Customer & transaction risk categories and their consequences for customer acceptance and relationship management
  • Transaction monitoring and risk management
  • Bleaching Indices

Module 4: Banking Law I

  • Swiss and European law
  • Swiss legal basis
  • Law enforcement
  • Clients and Cross Border Rules
  • Clients and AMLA / CDB
  • Clients and LSFin (I/II)

Module 5: Banking Law II

  • Market Abuse
  • Insider trading
  • Market manipulation
  • Conflict of interest
  • Regulatory framework
  • Remuneration received from third parties

Module 6: Tax compliance - FATCA

  • FATCA Models and Rules applicable in Switzerland
  • FATCA Statutes and Classification of Entities
  • Obligations of the FFI Agreement
  • Diligence and identification of US accounts
  • IRS documentation and forms
  • Transmission of information to the IRS (reporting)
  • Withholding tax
  • Responsible Officer Certifications

Module 7: Tax Compliance - IQ

  • Beneficial owner and holder
  • Documentation
  • Retention
  • Reporting
  • Certifications

Module 8: Finance for Legal Practice

  • The concept of investment risk and diversification
  • Nomenclature of asset classes (money market, bonds, equities, alternatives etc)
  • Risk types and risk profiles by asset class
  • Determining a client's risk profile
  • From risk profile to client portfolio
  • Discretionary mandate vs. advisory mandate
  • Analysis of the financial markets in historical perspective

Module 9: Information Security

  • Cyber attacks: examples and techniques of attacks
  • FINMA rules on technology risk management, cybersecurity, continuity management and protection of customer data
  • The fundamental principles of information security: integrity, confidentiality and availability
  • The principles of personal data protection according to the Swiss DPA and the EU DPA (General Data Protection Regulation of the EU)
  • The information life cycle and technical protection measures
  • Information risk management, ISO27000 and NIST market standards
  • IT outsourcing, cloud computing and underlying risks

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

Information session: Spring 2025

The next session will take place in 2025
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 - December 19, 2024

Examination schedule

Application for registration