On course for success

Compliance For The Banking Industry


This workshop is aimed at to foster the understanding of the mid-to-top level executives, managers and supervisors working in the banking industry regarding various types of compliance requirements in the areas of risk management, data privacy, information technology, finance and accounting and sales and marketing. Because of legal and operational nature of compliance risks and huge costs associated with non-compliance, banking sector has to make huge investments in building a culture of compliance. The fundamentals of this culture are compliance policies, processes, resources, training, monitoring and reporting functions facilitated by sophisticated IT functionalities. This professional development training program is well suited for professionals from various financial disciplines and industries like Banking, Insurance and Capital Markets. This workshop has been exclusively designed to meet the requirements for all levels of management as well as people from various business units like corporate finance, trading and sales, retail and commercial banking, payment and settlement, agency services, retail brokerage and asset management.


After completing this session, you will be able to:

  • Understand the critical areas of banking compliance, compliance risk, legal compliance, regulatory compliance and regulatory risk
  • Identify historical context of compliance requirements
  • Get informed about the compliance policy and the responsibilities of the board and the senior management
  • Comprehend the details of the compliance structure and compliance processes and procedures
  • Get recognition of three phases of creating a culture of compliance, the compliance program, guidance and education
  • Understand the financial, personal, operational and regulatory costs of non-compliance
  • Know about the ever-growing bank regulatory burden the compliance toll or costs and the barriers in reducing the compliance toll
  • Facilitate compliance with IFSB guidelines for Islamic banks and financial services institutions offering Islamic banking products
  • Be informed of the cross border issues and the internationalism in terms of compliance risk management


  • Financial Industry senior managers and supervisors
  • Investment and portfolio Heads, Managers and Analysts
  • Investment and portfolio Managers, traders and Analysts
  • Insurance managers, brokers, agents and representative
  • Branch Managers, Divisional Managers and supervisors
  • Corporate sector CEOs, Managers and admin personnel
  • People in business units like corporate finance, trading and sales, retail and commercial banking, payment and settlement, agency services, retail brokerages, IT and business analysis functions and asset management


  1. compliance in areas like data privacy, risk management, sales and marketing, information technology and finance and accounting
  2. know the regulatory burden and compliance regimes
  3. Embed three phases of compliance culture creation i.e. commitment to comply, compliance know?how and compliance as a business practice
  4. Regulatory compliance and controls as tools for performance management and change agent for competitive advantage
  5. Integration of compliance into all operational areas of the business instead of a separate compliance function
  6. Understand the responsibilities of the board of directors, senior management, head of compliance and conflicts of interest
  7. Acknowledge the compliance function responsibilities including advice, guidance and education, and statutory responsibilities and liaison,
  8. Head start with identification, measurement and assessment of compliance risk and monitoring, testing and reporting
  9. Appreciate the compliance program, relationship with internal audit, cross-border issues and outsourcing
  10. Understand and minimize the financial costs like monetary fines, increased capital, liquidity or solvency requirements, impact on share price, competitive disadvantages, opportunity costs of non-compliance and the end of a business or business line
  11. Recognize the personal costs including increased personal liability, forced changes to senior management and claw-backs invoked on bonuses
  12. Know operational costs like expensive and time-consuming remedial actions including redress, enforced changes to business, expensive and time-consuming use of third party or skilled persons or even the inability to retain high quality skilled resources
  13. Explore the interfaces of legal and compliance risk management i.e. the law, internal audit and risk management
  14. Visualize the penalties of non-compliance i.e. risk of legal or regulatory sanctions, material financial loss, or loss to reputation a bank


Dr. Shahid Anjum has over 20 years of banking industry, consultancy and university teaching and research experience in Canada, USA, Japan, Pakistan, Philippines and currently in Brunei Darussalam. He has completed Banking Risk and Regulations education from Global Association of Risk Professionals (GARP, USA), is a Charted Investment Manager (Canada) and has completed over 40 training programs during his career in Banks including Portfolio Management and Designated Lending Authorities for Commercial VPs, Capital Markets Risk and Controls, Capital Markets Supervisor, FATCA, Privacy & Information Risk Management, Anti-Money Laundering & Anti-Terrorist Financing, Global Compliance Program, Underwriting for Managers and Underwriters and IT Change Management. Dr. Anjum has been an adjunct faculty (Finance and MIT) for Doctoral programs in Business Administration (DBA) and Management Information Technology (DMIT) at Lawrence Technological University (USA) since 2008. He was attached with Asian Development Bank (ADB), Manila in 1998 with Energy and Financial Derivatives Unit. Besides studying in the Master of Computer Science program at UDM in Michigan (USA), Dr. Anjum has earned his Ph. D. from Nagoya University (Japan) for developing early warning system for banking risks and financial crisis. His research interests include, but not limited to, Backtesting, Scenario Analysis, Islamic Finance and Banking Risks, Wealth and Asset Management, Risk Quant and Internal Audit Methodologies, Volatility Models and Return Forecasting, Data Mining and Computational Analytics, Business Analysis and Software Engineering, Apps and ICT Project Management, Cloud Computing. He has published widely, currently is a program leader at Institut Teknologi Brunei (ITB), editor for three journals including Banking and Finance one and a Chair for various Conferences including ICDDM (Chicago), ICSSH (Osaka), CMECE (New York) and ICIM (London).

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