COMPLIANCE OFFICER’S DEVELOPMENT TRAINING
Date: Mar. 09-10, 2017 (Thu-Fri.) Venue: Gov. Licaros Hall, RBAP, Intramuros,
Resource Speaker: Mr. Nomer Crisostomo, CPA

Seminar Fee
1. For Member only
a. Early bird – P4,200 (on or before Feb 15 2017)
b. Regular Rate – P4,500 (After Feb 15 2017)
2. Non-Member/Delinquent – P5,400

EXPECTED PARTICIPANTS
Compliance Officer, Senior, President, & Middle Level Officers / Internal Auditors

Course Overview & Objective:
In general, all business activities are faced with the reality of having to contend with various risks, and the banking industry is not an exemption to this rule. Compliance risk exposes the banks to fines, civil penalties, payment of damages and the voiding of contracts. It is for these reasons, that the Monetary Board in its Resolution No. 116 issued Circular 747 re Revised Compliance Framework for Banks.
1. To guide the banks in adhering to all applicable and related laws issued by the regulatory bodies (BSP, PDIC, BIR, SEC, etc.)
2. To ensure that Banks comply with the provision of BSP Circular 747 by reviewing/ improving their existing compliance program/manual and make them adequate in every aspect;
3. To discuss the reports to be tested and the subsequent reporting of the results of compliance testing.
Course Outline
First Day
 Brief Discussion of BSP Circular 747
 Review of the bank’s existing Compliance Manual
Framework
Identification of Business Risks and
how to mitigate risk
Organizational structure
Duties and responsibilities of the
Chief Compliance Officer
Board and Senior Management
Oversight Procedures to ensure
integrity and accuracy of
documentary submission
Corrective Processes
 Monetary and Non-Monetary Sanctions for non-compliance to BSP Rules and Regulations and other regulatory bodies
 Plans and Programs of the Compliance Officer
 BSP General Examination Preparation
 Chief Compliance Officer as AML Compliance Officer
Second Day
 The Compliance Matrix
 Compliance Testing
 Reporting of the results of Compliance Testing
 Compliance Tracking (validation)
 Review and understanding relevant BSP Circulars from 2014 to present:
Cir. 854 Minimum Capitalization of Banks
Cir. 855 Guidelines on Sound Credit Risk Management
Cir. 857 Financial Consumer Protection
Cir. 871 Internal Control and Internal Approval
Cir. 887 Election/Appointment of Directors/Officers
Cir. 897 Related Party Transactions
Cir. 900 Operational Risk Management
Cir. 911 Annual Audit Report
Cir. 928 Fees onRetail Bank Products/Services and Dormant Deposit Accounts
Cir. 932 Establishments/Relocaion/Voluntary Closure/Sale of Branches