Banking and Financial Regulation: Mastering Compliance and Risk Management

Training Overview

“Banking and Financial Regulation: Mastering Compliance, Risk Management, and Dispute Avoidance/Management Techniques” is a five-day intensive training program designed to empower African legal, banking, and financial professionals with cutting-edge skills and practical insights for navigating the complexities of Nigeria’s regulatory and banking ecosystem. Delivered in Lagos, this program combines theoretical knowledge with real-world application, ensuring participants are equipped to address industry-specific challenges confidently.

With a curriculum crafted for experiential learning, this training emphasizes practical workshops, case studies, mock arbitration, and capstone projects. Attendees will master compliance frameworks, risk management tools, financial crime prevention strategies, FinTech regulations, and dispute resolution techniques. By bridging academic rigor with actionable strategies, this program offers participants transformative expertise tailored to Africa’s financial and regulatory environment.

Learning Outcomes

Participants will:

• Gain comprehensive knowledge of Nigeria’s banking regulatory ecosystem and key stakeholders.
• Develop robust expertise in compliance frameworks, AML/CFT standards, and enterprise risk management.
• Master financial crime prevention and mitigation strategies.
• Explore the regulatory challenges and compliance strategies for cross-border banking and FinTech operations.
• Enhance their skills in dispute avoidance, management, and resolution within financial contexts.
• Design actionable compliance programs and risk management strategies tailored to African financial systems.

Training Methodology

This training program is designed for maximum engagement and hands-on learning:

• Case Studies: Analysis of real-world compliance breaches and regulatory challenges.
• Workshops: Practical exercises, including AML/CFT audits and compliance program design.
• Simulations: Mock arbitration sessions and risk management scenarios.
• Interactive Faculty-Led Discussions: Insights from industry veterans and regulatory experts.
• Capstone Projects: Collaborative group activities that integrate knowledge into actionable strategies.
• Networking Opportunities: Peer-to-peer collaboration and engagement with leading professionals.

By focusing on experiential methods, the program ensures participants leave with tools and frameworks they can implement immediately.

Key Takeaways

Participants will:

• Acquire practical tools for regulatory compliance, risk identification, and mitigation.
• Enhance expertise in handling financial crimes, cross-border transactions, and FinTech compliance.
• Gain knowledge of ESG compliance and its integration into financial practices.
• Understand the latest trends in African financial regulation and dispute resolution.
• Develop career-transforming skills and earn certifications that highlight their expertise.

Who Should Attend

This training is tailored for:

• Banking Professionals: Compliance officers, risk managers, auditors.
• Legal Professionals: Banking lawyers, in-house counsel, private practice lawyers.
• Regulators: Central bank officials, AML officers, financial enforcement experts.
• Financial Services Professionals: Investment bankers, wealth managers, treasury teams.
• Technology Specialists: FinTech compliance officers, cybersecurity experts.
• Corporate Executives: Finance directors, consultants, policymakers.

Call to Action

Position yourself at the forefront of banking and financial regulation! Join us in Lagos for this career-transforming training and gain the expertise to master compliance, mitigate risks, and lead with confidence in Africa’s dynamic financial sector. Register now to secure your spot and advance your professional journey!

 

Day 1: Fundamentals of Banking and Financial Regulation

Morning Session: Nigeria’s Regulatory Landscape

1. Understanding Nigeria’s Regulatory Ecosystem
   • Overview of key regulators: Central Bank of Nigeria (CBN), Nigeria Deposit Insurance Corporation (NDIC), Securities and Exchange Commission (SEC), National Insurance Commission (NAICOM), Economic and Financial Crimes Commission (EFCC), and Asset Management Corporation of Nigeria (AMCON).
   • Legal and operational mandates of each regulatory body.
   • Coordination and overlaps between regulators.
2. Core Nigerian Banking Laws and Regulations
   • Banking and Other Financial Institutions Act (BOFIA).
   • Companies and Allied Matters Act (CAMA).
   • Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) regulations.
   • Insights into recent regulatory updates and their implications for financial institutions.

Midday Session: Governance, Risk, and Compliance (GRC)

1. Foundational Concepts in Governance, Risk, and Compliance (GRC)
   • Intersections between governance, risk management, and compliance.
   • The role of compliance as a business enabler and strategic tool.
   • Frameworks for embedding GRC in financial institutions.
2. Compliance Program Essentials
   • Building a robust compliance program: Policies, procedures, and controls.
   • Understanding the “Three Lines of Defense” model: Roles and responsibilities of management, risk teams, and auditors.
   • Strategies for fostering a culture of compliance within organizations.

Evening Session: Regulatory Compliance in Practice

1. Managing Risks and Regulatory Audits
   • Categories of risk: Operational, strategic, reputational, financial, and credit.
   • Preparing for regulatory audits and examinations: Best practices and common pitfalls.
   • Managing enforcement actions, remediation plans, and regulatory relationships.
2. Case Study: Managing a Compliance Breach in a Nigerian Bank
   • Participants analyze and propose solutions to address a simulated compliance breach scenario.

Day 2: Compliance Strategies and Risk Management Frameworks

Morning Session: Risk Identification and Mitigation

• Risk types and their impact on financial institutions (credit, market, liquidity, operational, and systemic risks).
• Enterprise Risk Management (ERM) frameworks for financial institutions.
• Stress testing and scenario planning in risk management.

Midday Session: AML/CFT Compliance

• AML/CFT compliance requirements under Nigerian and global frameworks.
• Financial crime detection: Red flags and transaction monitoring techniques.
• Workshop: Conducting an AML/CFT compliance audit.

Evening Session: Financial Crime Prevention

• Investigating and preventing fraud and financial crimes.
• Case studies of financial crime enforcement actions in Nigeria.
• Forensic accounting tools for compliance officers.

Day 3: Cross-Border Banking and Emerging Regulatory Challenges

Morning Session: Managing Cross-Border Transactions

• Regulatory considerations for cross-border financial transactions.
• Correspondent banking: Compliance obligations and challenges.
• Case study: Addressing regulatory gaps in African regional banking systems.

Midday Session: FinTech and Digital Banking Compliance

• Regulatory frameworks for FinTech companies in Nigeria and Africa.
• Cybersecurity and data protection in digital banking.
• Workshop: Designing compliance strategies for a FinTech platform.

Evening Session: Innovations in Financial Regulation

• Leveraging RegTech for real-time compliance.
• Blockchain, cryptocurrency, and regulatory implications for African markets.
• Case study: Managing compliance risks in FinTech operations.

Day 4: Dispute Avoidance and Resolution in Financial Regulation

Morning Session: Conflict Prevention in Banking

• Preventing disputes through effective contract drafting and negotiation.
• Ensuring regulatory compliance in financial contracts.
• Drafting robust service level agreements (SLAs).

Midday Session: Alternative Dispute Resolution (ADR)

• Mechanisms for resolving disputes: Mediation, arbitration, and litigation.
• Cross-border dispute resolution frameworks in financial regulation.
• Workshop: Drafting dispute resolution clauses.

Evening Session: Simulated Arbitration Exercise

• Mock arbitration focusing on a banking-related dispute.
• Roles: Arbitrators, legal counsel, and disputing parties.

Advanced Compliance Practices and Capstone Project

Morning Session: Advanced Compliance Practices

• Building a sustainable compliance culture in financial institutions.
• Handling enforcement actions and remediation plans.
• Future trends in banking regulation: Climate finance and ESG compliance.

Midday Session: Capstone Project

• Group activity:
  • Design a compliance program for a multinational bank operating in Nigeria.
  • Include AML/CFT frameworks, a risk management plan, and a dispute resolution mechanism.

Evening Session: Presentations and Feedback

• Group presentations of capstone projects.
• Peer reviews and feedback from faculty.
• Certificate award ceremony and closing remarks.

This expanded five-day curriculum ensures depth, breadth, and a balance between theoretical knowledge and hands-on learning. It equips participants with actionable skills to navigate the complexities of banking and financial regulation in Nigeria and Africa.