Regulatory Visit Preparation - Coaching for Executives

7/31/2019 Regulatory Visit Preparation - Coaching for Executives

1/4

Preparation Is

Everything

Regulatory visits will always

be a stressful time for manyfinancial institutions, but good

preparation can make the

CEI Compliance

Executive Coaching

for Regulatory visits

We provide an opportunity forexecutives and other senior

staff to practice responses in a

safe environment with specific

expert coaching and practicalfeedback.

Turn Here for more details

CEIE

xecutiv

eCoaching

forRegulat

ory

vis

its


2/4

Under the powers vested by FSMA, the FSA may visit not only the firm itself, but also

ts advisers, clients, counterparties and companies to which it has outsourced any of

ts functions. This is an essential training session if you're involved in Compliance or

Risk Management. It also provides an essential insight for any senior managers who

may be interviewed as part of the visit.

CEI Executive Coaching for FSA Visitsprovides an opportunity for executives and

other senior managers to practice responses in a safe environment with expert

coaching and feedback. The FSA approach invariably begins with a one to one

nterview with the executives undertaking significant influence functions. The

FSAs objective is to obtain reassurance that the firm has, or will have, in place the

systems and controls that will enable it to comply.

We also create a tailored bank of questions that the FSA is likely to ask based upon

our intelligence from the market and the FSA's own information.Areas of interest in

he initial interviews are likely to be:

Risks and risk controls

Strategy

Corporate Governance

Structures and organisation Compliance culture

Managing the competence

of direct reports

CEIEngaged!CEIPlanning!CEIWorksho

p!

CEIProjectPlan!

YOURSuccess!

The FSAs objective is to obtain

reassurance that the firm has, or

will reasonably have, in place the

systems and controls that will

enable it to comply with the

regulatory requirements.


3/4

To book your Board and Executive

Coaching for Regulatory visits or for

further information please contact

usnow... 0800 68 99 689

This Two-Stage Workshop is designed to enable Boards, senior executives and managers to:

Gain insight into the purpose and design of the FSAs supervision approach

Practice responding to questions likely to be put by the FSAon an ARROW visit

Experience the style and format of an FSA interview

Create standard briefing documents for the firm

Receive constructive and expert coaching to improve presentation of information

What we will cover

sic elements

Introduction to the FSA who, what, and why

Senior Management Systems and Controls

Approved Persons regime

ARROW visit best approach and practice

ntermediate elements

ARROW visit dealing with the interviews

Operational risk

Managing regulatory change

Advanced elements

Treating Customers Fairly

Ethics

Conflicts of interest

Outsourcing

Financial crime

Enforcement


4/4

WhattoPrepare

Try toensurethatthevisitors haveaseparateroom orofficetouse (possiblyeven hire

oneinadjacentoffice

block orservicedoffice centre)but use oftelephones and other officeequipment (even

PCs sotheycan log into

your system). It maybe prudent toclarify these requirements beforehand.

Collate all yourdocumentationas soon aspossible.Provide copies (paperorelectro

nic) ofyour approved

financial promotionslog, pointofsale(POS) documentation, anyproductproviderPOS

thatyoumayhave over

branded.

Ensureaccess toyour hard copies of financial promotionsmaterials and electronic access for soft copies.

SPECIALNOTE: Ifyou arenotabletoprovideadesktopunit foraccess toyour files, DO

NOT expect theFSA staff

touseaUSBpen drive/USBstick fromyouinsertedintotheir machines: providethem

withalaptoptoview

anythingheldon storagedevices.Viruses arecommonplace.

Makesureyour complaintslogis uptodate

Ensureyou havea comprehensive riskanalysisandriskregister available,withdocumen

tedevidenceofactions

taken for eachissue.

Policies andproceduresshould beuptodateand evidence ofthese revisions recorded adequately.

Breach register andFSA contact logneedsto beaccurate andupdated.

YourCompliance Manualneedstobeup todateand reflectthecurrentbusiness model

and practices. Ifyou

needaconsolidatedand practical manual gotohttp://cei-compliance-limited.co.ukand

follow thelinks

Evidence of money laundering and compliance manual understanding from all staf

f? Annual testing and

attestations (especially fromApprovedPersons) goesalongwaywithregulatoryinspect

ors.

Compliance Monitoring Plan-updatedand accurate.What hasbeen reviewed/reviseda

nd ifnot,whynot.

And all this isjustthestart.......

Dont Panic if you are

informed of a visit just callCEI on 0800 68 99 689

(C) CEI Compliance Limited 2012. All Rights Reserved

Documents

Regulatory Visit Preparation - Coaching for Executives