Regulatory Compliance Specialist RCS Study Guide - 3rd Edition

Our RCS Certification teaches you how to manage the regulatory compliance business, compliance scope, compliance testing and examinations, and much more.

Our study guide for this certificate discusses the scope of compliance with regulator instructions according to the laws and regulations of various countries. It also discusses the compliance department's relationship to other departments within an institution - like the legal department and the internal audit department - and how to handle large quantities of local and international regulations to determine compliance responsibility. Lastly, our study guide discusses the compliance testing and examinations process and how it differs from an internal audit review while helping you implement a risk-based compliance approach and determine the inherited and residual risk of each regulation and how to report violations.

Understanding the Regulatory Environment

• What is Regulatory Compliance Exactly?
• The Scope of Regulatory Compliance Division
• Understand your responsibilities

Institutional Compliance and Governance Framework

• Organizational Structure
• Business Intersection
• Internal Audit
• Risk Management
• Legal Department
• AML Division
• Top Management and BOD

Compliance in Practice

• Dealing with Regulators
• Periodic Reporting
• Compliance Monitoring
• Compliance Policy
• Modules of Compliance Examination, How to start?

Risk-Based Approach in Compliance Examination

• Identify the Inherent risks
• Analysis of Controls and Risk Mitigations
• Calculate the residual Risk and determine the next testing date
• Compliance Monitoring and Examination Process
• Build Compliance Examinations System

Reporting

• Preparing Compliance Reports
• What to Include and what not

And Much More

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