Training & Insight

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.

Training

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.

Mock interviews

We have personnel experienced in conducting regulatory interviews.  This is useful if you are anticipating employees interacting with the regulator.

AML/CFT

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.

Sanctions

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.

Funds- basic

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.

Funds-regulatory

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.

Red flags

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.


What Our Clients Say

The discussion topics are excellent and the forum, I would say, is an absolute essential for key persons

Given the volume of regulatory change, we had a need to provide additional AML training to our Compliance team and Directors. We wanted the training to be interactive and practical to ensure that the underlying legal obligations were brought to life. We brought in Oben as they have an excellent blend of legal, regulatory and compliance experts with extensive real life experience. We weren’t disappointed. Oben delivered practical and informative sessions which were tailored to our business needs, delivering real value.

We instructed Oben to completely redesign our AML/CFT Policy and Manual at a critical point in our business’s development. This was quite a sizable undertaking. During the process we were massively impressed by the depth of legal and regulatory knowledge exhibited by Alex, Jamie and Nicola. They worked fabulously well as a professional team and the work was of the highest quality. We particularly liked how they judged their points of consultation with us perfectly; determining what were the critical stages of the Manual’s development and when there was a judgement call to be made in respect of policy. Overall we found the experience of working with Oben professionally and personally rewarding as we find them to be a very clever and approachable bunch of people.

Oben have expertly advised us on complex issues relating to governance, AML/CFT and regulatory matters in the context of our Jersey headquartered and multi-jurisdictional international financial services business. They were able to do this through their expert team who have the right experience necessary to navigate through such complexities. They supplemented their advice with important board support and training. Given our confidence in Oben, we will continue to use their advice to support us in the development of our future-proof operating model.