Institution: Singapore University of Social Sciences (SUSS)
Program Type: University Modules
Field/Skills tags: Compliance
Full Fee: $2,200
Nett Fee After Subsidies (Singaporeans): $2,200.00
Full Time/Part Time: Part time
FIN575 Compliance Risk Framework draws on the knowledge acquired in FIN571 Compliance, Regulations and the Regulatory Environment and FIN573 Financial Crime Compliance with the principal objective of designing and implementing an effective compliance risk framework for a financial institution. Students will learn how to identify and measure compliance risks, which compliance risks to prioritise addressing, different types of controls, how controls can be designed and evaluated, how a risk-based approach can be applied, as well as how a holistic compliance risk framework can be designed, implemented and regularly reviewed for continued relevance. Throughout this course, students will also learn to appreciate the importance of designing a compliance risk framework that suits the financial institution's scale, business model and risk profile, rather than a one-size-fit-all approach.