Training & Insight
Oben hosts a popular Risk & Compliance forum on an ad-hoc basis. The forum is aimed at risk and compliance professionals. We share relevant industry information with our forum members and facilitate debate between members to discuss best practice, industry challenges and offer our members the opportunity to share insight with peers. Should you wish to be added to the forum please contact us.
We offer a range of bespoke training packages designed to assist your business to meet its regulatory requirements. In recognition of the desire for more effective training we ensure that our training is interactive and relevant to your business. We have provided case study based training to numerous businesses delivering to all levels of employees. We currently provide training in the following areas, but can accommodate most training needs:
Directors’ Duties & Responsibilities
An important training session for all directors involved in the running of a financial service business or acting as client service director. The training outlines who is a director, their remit and their duties as well outlining the relevant standards and regulatory issues which can arise.
We have personnel experienced in conducting regulatory interviews. This is useful if you are anticipating employees interacting with the regulator.
We provide AML training in the context of the three lines of defence. This helps each person to understand the respective part they play in relation to the performance of a firms anti money laundering and countering of financial crime strategy. Our training is usually tailored, with the assistance of perhaps the MLRO or MLCO, to address weak spots; effectively targeting practices the firm considers to be vulnerable. We provide examples from our experiences and like to involve the audience.
Covering sanctions, their purpose and the various types of sanctions. This training explains current sanctions regulations and provides an outline of the course of action to take as well as explaining the penalties and consequences for firms in cases of non-compliance and the risks of conducting business with any person appearing on any sanctions list internationally.
Useful training for those starting a career in the funds industry or indeed a helpful reminder for those already working in the funds sector. We rehearse the parties to a fund and the role each functionary has to play in relation to a fund, for example, the role of the administrator, investment manager and promoter. Conflicts of interests are covered and the regulatory requirements upon a fund and a fund services business are clearly explained. Participants should leave the course knowing what a fund is and what different parties do and gain an understanding of the rules that apply.
A more detailed fund course to cover the regulatory requirements. It will explain the different types of funds and the related regulatory requirements. Participants should leave the course with a good understanding of the regulatory landscape as it applies to funds.
This training outlines the type and nature of matters that should give rise to warning, a red flag. We include real examples of the type of issues we have come across during our experiences. A useful and practical training session for those who are in the funds industry.
MLRO & SARs
We are able to provide bespoke advice and training with regard to the various aspects of suspicious activity reporting from the timing and issuance of receipts to employees, to the considerations and determinations necessary in relation to the filing of a SAR, filing with the JFCU and record keeping. At Oben we have various experiences of the SAR process, of the pitfalls that occur. We can provide one on one training if required.
MLRO & MLCO
We deliver AML training tailored specifically to those who have more experience of AML matters than other employees of a financial services business. We can provide bespoke training to outline clearly the different roles and responsibilities of each, providing examples of the type and nature of matters to be reported to the board and the expectations of the JFSC with regard to these roles.
Code of Practice- TCB
Examining the regulatory architecture, role of the regulator and Code of Practice for Trust Company Business. This training is useful for providing an overview of the regulatory framework.
Code of Practice- IB
Examining the regulatory architecture, role of the regulator and Code of Practice for Investment Business. This training is useful for providing an overview of the regulatory framework.
Code of Practice- FSB
Examining the regulatory architecture, role of the regulator and Code of Practice for Fund Services Business. This training is useful for providing an overview of the regulatory framework.