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Challenges to Governance, Risk and Compliance (GRC) in the New Digital Age
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Challenges to Governance, Risk and Compliance (GRC) in the New Digital Age
  • Overview
  • Objectives & Outline
  • Methodology
  • Participant Profile
  • Trainer
  • Overview
    PROGRAMME DETAILS

    DATE

    6 September 2018

    TIME

    9:00 AM – 5:00 PM

    VENUE

    Asian Banking School
    7
    AICB
    CPD HOURS
    10
    SIDC
    CPE POINTS
    Global businesses are increasingly relying on technology and digital information for their operations. Risks related to digitalised financial services have been escalated to the Board of Director’s agenda. As such, businesses need to improve their cyber security practices and resilience to be successful in this environment.

    At the same time, new capabilities in data analytics present opportunities to manage traditional risks more effectively, through greater automation, prediction and risk identification. However, challenges remain in the areas of regulatory updates, legal issues impacting on governance, risk and compliance for every single organisation.

    This 1-day programme starts by looking at the trends, developments and features of the digitalised world of financial services that are impacting governance, risk and compliance. Participants will learn key technology trends and business practices, and consider how businesses can apply them to improve their management of risk, governance and compliance.
    LEARNING LEVEL

    Intermediate

    PROGRAMME FEE

    AICB MEMBER

    MYR

    2,600

    / PAX

    NON-MEMBER

    MYR

    3,100

    / PAX

  • Objectives & Outline
    LEARNING OBJECTIVES

    By the end of the programme, participants will be able to:

    • Keep abreast of the latest digital trends and developments impacting the banking industry
    • To be updated of regulatory, legislation and laws with regards to governance, risk and compliance pertaining to digitalised financial services
    • Recognise risk, compliance and governance vulnerabilities arising from digitalisation
    • Setup a GRC framework for effective monitoring and control 

    PROGRAMME OUTLINE
    Financial Services in the Digital Age
    • Digital Age of robo-advisors, FinTech, P2P and virtual banking
    • Challenges to the existing financial services industry
    • Impact on governance, risk and compliance

    Types of Challenges arising from Governance, Risk and Compliance in the Digital Age
    • Issues on cloud architecture
    • Data location, risk, governance and compliance management
    • Financial crime, cyber security on data integrity and banking secrecy
    • Fraud, money laundering and terrorism financing
    • Algo trading and conduct challenges
    • Licensing and liability issues with robo-advisors
    • Relevant and recent cases will be highlighted and discussed

    Challenges to Laws and Regulations in the Digital Age
    • Latest update on the Financial Advisory (FA) Act and Banking Act
    • Conduct and governance risk impacting FA representatives
    • Latest update on anti-money laundering and combating terrorist financing
    • Awareness of latest changes in Securities and Futures Act
    • Challenges of digitalisation onto existing laws and regulations
    • Key concerns to governance, risk and compliance

    Governance, Risk and Compliance (GRC) Methods to Combat Digital Challenges
    • What is governance, risk and compliance?
    • Integrate risk and compliance with governance to corporate strategy
    • Roles and responsibilities of BOD, CEO and Exco on Governance, Risk and Compliance
    • Techniques to identify, analyse and control new technology or digital channels for financial services
    • Establish a Holistic Digital Risk GRC Framework for effective management of digital opportunities

    Case Studies
    • Case Study: Commonwealth Bank of Australia – ML case using ATM, 2018
    • Case Study: Wells Fargo Bank Fiasco, 2016
    • Case Study: Sri Lanka Makes Arrests in $60 Million Taiwanese Bank Cyber Heist, 2018
    • Case Study: Can you trust Deloitte again? (CyberAttack, 2018)
    • Case Study: UniCredit Says 400,000 Accounts Were Hacked, Exposing Data, 2018
  • Methodology

    Instructor led facilitation using video-based learning, case study discussions, quizzes and exercises

  • Participant Profile
    Risk and compliance professionals, auditors and back-office staff who would like to be more informed on this topic
  • Trainer

    Dr Christopher Goh

    Dr Christopher Goh has 25 years’ experience in treasury, corporate finance and wealth management – with a rare blend of derivatives trading, wealth, corporate finance, credit analysis, treasury, risk management and investment valuation. He also has extensive experience in compliance, operations/settlement, treasury trading on derivatives, exotic options, behavioural finance, structuring products using derivatives and enterprise risk management, an area that he spent 12 years in.

    He is passionate about enterprise risk management with excellent technical knowledge on a broad range of financial instruments and gained practical experience through diverse economic cycles. He has been the Chief Risk Officer for 3 international banks in Asia where he established holistic enterprise risk management frameworks and has worked for 6 different banks over a period of 25 years across 6 different cultures, business practices and management styles. This had given him a deep knowledge in handling clients and managing staff from diverse cultural backgrounds.
    Dr Goh has conducted many in-house corporate seminars around the world over the past 13 years training international and central bankers and provides consultancy support to many international companies in the Middle East, Asia and Africa in the formation of enterprise risk management frameworks, policy, governance, compliance, as well as hand-holding them in the implementation of operational risk management frameworks and policies.

    Dr Goh is also an Adjunct Visiting Faculty member at several foreign universities including Shanghai JiaoTong University, Central University of Finance and Economics (Beijing), Harbin Institute of Technology (Harbin) and S.P. Jain (Singapore and Dubai campus) in banking certification courses and/or EMBA courses focusing on Enterprise Risks Framework as well as Enterprise Risk Management modules.

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