Professional Development

Regulatory Change Management (KCCL003)


Description
Regulatory Change Management is the process of managing changes in laws and regulations that impact an organisation. It requires tracking developments in the legislative landscape, identifying and communicating the change to all affected stakeholders, followed by planning and implementing of the change in all impacted areas to ensure continued compliance.

This course introduces the learner to the practice of Regulatory Change Management in the context of banking and financial services compliance and the processes required to effectively implement and manage changes taking place in the regulatory landscape. You will gain a deeper understanding on the importance and role of change management as a part of the overall risk management practice.

By the end of this course, you will be able to:

• Understand the importance of effective Regulatory Change Management
• Gain insight into the challenges organisations face as a result of frequent regulatory change
• Understand the components and process of Change Management
• Implement and manage the Regulatory Change

Why take this course?

The volume of regulatory change faced by organisations has been identified as one of the top concerns for compliance professionals and as such Regulatory Change Management is a critical skill for all good Compliance professionals. This course will better equip you to manage and support an organisation during the transition from old to new regulatory requirements.

NOTE - COURSE EXPIRES 14 DAYS AFTER PURCHASE

Content
  • Instructions
  • Introduction
  • What is Regulatory Compliance?
  • Why is Regulatory Compliance Important?
  • Navigating Change Introduction
  • "Our Iceberg is Melting: Changing and Succeeding Under Any Conditions"
  • Reg Change Management Introduction
  • What is Regulatory Change Management?
  • Skills For Regulatory Compliance
  • How to approach regulatory change management
  • Project State to BAU
  • The Challenge of Regulatory Change
  • Volume of Changes
  • Increased Cost of Compliance
  • Operational Impact
  • Complexity of Reporting
  • Multiple Jurisdictions
  • Introduction to the Role of RegTech
  • Digital Transformation meets Regulatory Compliance
  • Regtech for Regulatory Change
  • The Process
  • Regulatory Change Process Flow
  • Content Feeds
  • Regulatory Universe
  • Roles & Responsibilities
  • Business Impact Analysis
  • Task Management & Reporting
  • Post Implementation Review (PIR)
  • Summary
  • Introduction to Regulatory Relationships
  • The Importance of Relationships with Regulators
  • Regulatory Change Scenario
  • Regulatory Compliance Strategy
  • Conclusion
  • Course Assessment
  • Survey
Completion rules
  • You must complete the test "Course Assessment"
  • Leads to a certificate with a duration: 1 year