Interswitch Skillbase

Goal of this Course

For Risk and Compliance professionals, meeting management's expectation can sometimes be a huge task, most especially when expectations exceed the team's capability to deliver, thereby resulting in disappointing outcomes.

This program is designed to bridge knowledge gap and provide participants with better understanding of the regulatory compliance needs, potential risks and important stakeholders in the payments industry. The goal of this course is to provide participants with knowledge and skills that can immediately be used upon return to the organization.

In an era where support functions are mostly seen as mere cost centers in an organisation, participants will learn to appreciate the extent to which Risk and Compliance functions can positively impact the organization’s bottom-line through effective Risk-Based management approach.

Who is the Course for

Compliance Officers/Managers
Risk Officers/Managers
Chief Audit Executives
Audit Directors
Audit managers and Team Leads
Key individuals
Business Development Executives
Anyone who is responsible for risk and compliance affairs or regulatory relationships

Course Content

Module 1: Compliance Risk Management

Compliance
Role of Compliance
Levels of Compliance Risk Management

Module 2: Anti-Money Laundering and Counter Financing of Terrorism, Counter Proliferation Financing

Definition (ML/TF/CPF)
Three (3) Stages of Money Laundering
Comparison between ML, TF and PF
What Legislation Exist in Nigeria to Address ML/TF/PF?
The Financial Action Task Force (FATF) -FATF Standards
AML/CFT/CPF trends and challenges today

Module 3: Compliance Programme

Pillars of Compliance
Elements of an Effective Compliance Programme
Elements of an AML/CFT Programme
Customer Due Diligence
Monitoring/Reporting
What Are Suspicious Transactions / Activities?
KYC Principles
Record Keeping - Sec 35 & 36
Role of the board and senior management - Section 9 of CBN AML/CFT/CPF Regulation 2022
AML/CFT Offences and Penalties

Module 4: Ethics and Compliance (WB/AB&C/OBI/Gift Policy)

Anti-bribery and Corruption

Overview of Bribery and Corruption
Corruption Risks
Legal and Regulatory Framework to address Bribery and Corruption
Elements of an Anti-Bribery and Corruption (ABAC) Programme

Whistle Blowing

Definition
Components of a Whistle blowing programme
Compliance Maturity Model

Risk and Control

Definition and Identification of Risk
Risk Prioritization
Compliance officer - Section 13 CBN AML/CFT/CPF regulation
Monitoring/Reviewing Risk and Controls
Role of Internal Audit

Module 5: Electronic Payment Risk Management

Risk Management Principles for Electronic Payment

Risk and Risk Management
Risk Analysis
Risk Categories
Risk Impact Scoring
Risk Heat Map
Inherent Risk Vs. Residual Risk
Principles Of Risk Management
Benefits Of Risk Management
Risk Management Process
Proactive Vs. Reactive Risk Management

ERM Framework

The ERM Framework
COSO ERM Framework
ISO 31000 ERM Framework
COSO, ISO 31000, and the ERM Framework
Critical Success Factors for ERM
Key Performance Indicators for ERM
Three (3) Lines of Defense

E-Payment Risk Management

Board and Management Oversight (Principles 1 to 3)
Security Controls (Principles 4 to 10)
Legal & Reputational Risk Management (Principles 11 to 14)
E-Payment Fraud
The Fraud Triangle
Electronic Payment Opportunities

Module 6: The payment Ecosystem

Payment Stakeholders
Payment Ecosystem
Electronic Payment Channels

Module 7: Nigeria Payment System Environment

Payment Regulators in Nigeria
National Payments System vision 2020 (PSV2020)
Nigeria Payment Ecosystem
Payment Licensing & Structure
IT Standards for NFS Industry - DMB, PSPS, NMFBS

Module 8: Cybersecurity for Digital Payment

Cybersecurity Triad
Terms and Definition
Threat Landscape
Digital Payment Ecosystem
Cybersecurity Frameworks
Certifications and Standards

Course Details

Homework: develop an anti-money laundering review plan for the Bank

Case studies will be used to demonstrate how organizations have implemented compliance programmes
Homework: to assess and comment on a compliance case study highlighting areas of concern
LOCATION: Virtual
MODE OF DELIVERY: The course, which will be facilitated by Subject Matter Experts and delivered in a variety of ways including:
· Practical learning scenarios and case studies
· Breakout sessions
· Questions and answers session
DURATION: 2 days

Course Perks

Attendee workbook
Presentation
Digital Badge upon completion
Virtual machine training environment

Course Registration

For the EFT overview module, I really gained a lot, there are some things I was not conversant with, but after the training, I gained more packets.

It was an awesome experience all through the training. The facilitators took the modules excellently. I will always want to come back for refresher courses or any other course by Interswitch.