Course

Compliance officer courses

The demand for trained compliance officers will expand exponentially over the next 18 months as:

  • Financial advisory businesses move to become a financial advice providers (FAPs) and will need to have a full-time, or part-time, in-house compliance officer if the business size warrants it;
  • Existing FMCA-licensed entities are asked to demonstrate how their compliance staff have the competence, knowledge and skill to perform their role.

Strategi Institute is calling for expressions of interest for all those who wish to attend the inaugural round of compliance officer training courses. Your expression of interest in attending is non-binding and no payment is required at this stage. It is simply to enable Strategi to identify the number of likely attendees and their location so regional courses can be booked.

Two different courses are to be delivered and an overview of each is provided below:

Future FAP compliance officer

  • Who should be your in-house compliance officer? What skills and experience should they have? 
  • What a typical FAP compliance officer job description would look like.
  • Understanding the entire risk and compliance space with regards to a FAP and meeting your licence requirements.
  • What is required for a meaningful governance risk and compliance framework including what is a compliance assurance programme and how to make it work.
  • Understanding the three layers of defence and who does what.
  • Bringing about culture change and how to motivate your advisers to become compliant.
  • What is good conduct, how do you demonstrate it and how do you report it?
  • What is the process for becoming a FAP, what are the timeframes and what do you need to do to ensure your business meets those?
  • Tips for using technology to potentially simplify the compliance officer role, improve board reporting and reduce external compliance assurance costs.
  • What is the Goldilocks AML/CFT audit solution and how to fully integrate AML/CFT obligations into your compliance assurance programme.

Existing FMCA-licensed entity compliance officer

  • What does the FMA now expect to see in your Compliance Assurance Programme?
  • Discover 7 tips to effective compliance.
  • What is good conduct, how do you demonstrate it and how do you report it?
  • How to build and monitor a compliance culture.
  • Common issues seen with governance risk and compliance and how to fix those.
  • How to integrate AML/CFT into your overall compliance obligations so you can potentially simplify processes and reduce costs. 
  • How to use technology to build and maintain effective compliance systems.
  • What should be in your professional development plan?
  • Reviewing what was in your licence application to see what might need to change then how to communicate this to FMA.
  • What you need to do to get the business FAP ready.

How the course will be delivered

  • All attendees will receive pre-course reading and a checklist;
  • Attendance at a two-day classroom course which includes workshops and interactive discussion, and
  • An online assessment module.

Post-course support package

Provision of a post-course forum and support package, where attendees receive an ongoing specialist compliance officer newsletter, webinar and CPD modules to enable compliance officers to demonstrate ongoing competence knowledge and skill. The post-course support package is provided for a small annual fee.

Why attend

  • Successful completion of the course will result in the award of a Strategi Institute certificate that will potentially cross credit to the future level 4 risk and compliance qualification being developed;
  • Discover ways to reduce current or future compliance expenditure and at the same time improve your compliance assurance;
  • Be able to demonstrate to the FMA that, as the business’ compliance officer, you have the competence, knowledge and skill to fulfil this role;
  • Learn how to use technology to monitor conduct and simplify the compliance process;
  • Gain insights into understanding what is good conduct, how to monitor it and how to demonstrate to the regulator that it exists within your business;
  • Reduce your business risk and increase the business value.

Registration of interest

Your registration of interest is non-binding and does not incur any cost. Strategi is simply identifying how many people would be interested in what courses and in what location. To register your interest, please download the registration form, complete it and return it to us via email. Alternatively, contact us stating which course you are interested in and whether you would like to attend that course in Auckland, Wellington or Christchurch.

Pricing will be published once approximate numbers for each region are known.