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Risk, Compliance and Governance

Application Form
Complete Online Application Form at
https://www.wits.ac.za/zahrah/display/external/public/163/AabSAeQlpQ#section-intro

Start Date
20 May 2024

Apply By
26 April 2024

Cost
R20,500.00

Duration & Format
This is a block release course where participants attend daily lectures from 08:30 to 16:30 during the period 20 to 24 May 2024. It will also be offered during the period 21 to 25 October 2024.  Courses might be delivered through blended learning. Students are required to have basic computer skills and stable internet connection.

Overview
Recent events in the financial sector have re-emphasised the need for heightened efforts aimed at promoting, developing, managing and maintaining risk management controls across all the sector as well as individual institutions’ activities. Attaining these objectives necessitates, among other core elements, individuals who have a complete grasp of new and rapidly changing global and local initiatives, processes and procedures that ensure that a financial institution’s activities are compliant with legal and regulatory requirements.

The Risk, Compliance and Governance Law postgraduate certificate course seeks to reinforce and embed knowledge of how to design, implement and maintain financial institutions’ internal and external systems of control. It is aimed at individuals in the banking, pensions, insurance and capital markets who are tasked with promoting the demanding and complex task of fulfilling risk and compliance awareness culture in their organisations. It is also suitable for individuals who would want to acquire an in-depth understanding of relevant laws and regulations and other internal procedures that enhance compliance with good governance.

Course Outcomes
At the end of the course, the participant should be able to:

  • Explain existing regulatory as well as supervisory mechanisms that ensure the creation of a deep, efficient, transparent and accountable financial sector
  • Demonstrate an effective understanding of the role of the compliance officer/manager in the firm
  • Identify the elements or characteristics of an effective risk management, compliance and governance framework in the financial institution
  • Evaluate the risk of internal and external systems of control in their institution
  • Design, implement and maintain an effective risk, compliance and governance structure.

Course Content
The course consists of the following modules:

Compliance

  • The South African regulatory environment
  • The international regulatory environment (UK and USA)
  • The case for compliance – why comply?
  • The compliance framework
  • The regulator and its objectives
  • The role of the compliance function and the compliance officer
  • The building blocks of an effective compliance programme

Corporate Governance

  • The need for good corporate governance
  • Corporate governance principles
  • Creating a governance culture
  • The legislative framework

Risk Management

  • An overview of the compliance risk management process
  • Training and awareness
  • Business risk vs compliance risk
  • Loss of reputation – case studies
  • Risk management and good governance

Financial Markets

  • Understanding financial markets
  • Financial sector regulation
  • Market abuse, market manipulation and insider trading
  • Case studies (local and international)
  • Comparative analysis – South Africa, UK and USA

Financial Crime

  • Money laundering
  • Bribery and corruption
  • Financing terrorism
  • Data security
  • Financial sanctions
  • High risk clients and politically exposed persons
  • The Financial Action Task Force recommendations
  • South African legislative framework
  • UK legislative framework
  • USA legislative framework.

Target Audience
Risk managers, compliance officers, legal advisors, board members, and individuals involved in risk management and corporate governance roles.

Application Process
While a Bachelors Degree in Law or Commerce will be preferred the course is open to anyone with exceptional relevant work experience.

Applicants without a legal background may be required to complete a bridging course in law, namely the Introduction to Law for Non-Lawyers course.

You will be required to submit a copy of your Bachelors Degree, academic record as well as a copy of your identity document or passport.

A detailed Curriculum Vitae will be required if your application is based on work experience.

Kindly note that all foreign qualifications must be submitted with a SAQA Evaluation Letter.

Additional Information
One of the following certificates can be obtained:

  • Certificate of Attendance: To obtain a certificate of attendance, students are required to attend and participate in 75% of the lectures. 
  • Certificate of Competence: To obtain a certificate of competence, students are required to attend and participate in 75% of the lectures and to complete the assessments as required in the course.

This postgraduate certificate course is accredited by the university in accordance with its statutory mandate.  It does not lead to a qualification registered on the National Qualifications Framework

Enquiries 
Mahlatse Masemola Tel No: +27 11 717 8438; Email mahlatse.masemola@wits.ac.za 
Ursula Dillner-Dangor Tel No: +27 11 717 8435; Email: ursula.dillner-dangor@wits.ac.za 
Website www.wits.ac.za/mandelainstitute/short-courses/

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