Compliance in Financial Services Companies
LAW JD 683
This course will take students through the compliance mechanisms within financial organizations putting regulatory requirements into practice. The purpose of the class is to offer a fundamental preparation to the lawyer in a financial institution's legal department or a separate compliance department. This course covers the following: * The history of compliance * The interaction between business processes, legal requirements, and compliance. * The profession of financial compliance * The interaction of conflicts, risks and ethics * The roles of the Chief Compliance Officer, the Auditor, the Legal Officer and the interaction among them * Defining best practice, business process, risk assessment and controls and their interactions within financial institutions * A broad outline of regulations applicable to financial institutions * Data privacy and information security compliance * Interacting with regulators, enforcement agencies and investigations * Business ethics and culture in financial institutions. The course will use an exam as the final assessment. GRADING NOTICE: This class will not offer the CR/NC/H option.