Classes Begin January 19, 2012
NEW YORK, NY, December 2, 2011 – The Lubin School of Business at Pace University has formed a strategic alliance with the Association of International Bank Auditors (AIBA) to offer a Certified Compliance and Regulatory Professional (CCRP™) certificate program targeting professionals working in the global financial services industry, including AIBA’s internal audit, compliance and internal control members representing nearly 100 branches and agencies of foreign banks.
The CCRP™ Program will be the inaugural course offered in the new Center for Global Governance, Reporting and Regulation at Lubin, which will develop and apply knowledge growing out of the business school’s years of experience with international accounting standards and corporate management. CCRP™ classes begin January 19, 2012, and run Thursday evenings at Pace University’s Midtown Center in the landmark Fred French Building at 551 Fifth Avenue between 45th and 46th Streets. Course details and registration information are at www.pace.edu/lubin/ccrp.
“The complexity of world markets and diverse political systems means managing international business activities is both more important and more difficult than ever,” said Neil S. Braun, Dean of the Lubin School of Business and former President of the NBC Television Network and CEO of Viacom Entertainment. “It has become evident that planning and execution are as important in matters of risk management and regulatory compliance as they are in the traditional business disciplines. The CCRP™ will provide the analytical framework to enhance management’s ability to anticipate and address a fast changing and increasingly regulated world with specific focus on the international banking industry.”
“We are very excited to partner with Pace’s Lubin School of Business, a leader in advanced management education, in offering this unique program to provide intensive regulatory risk management training for industry professionals,” said Steven Lewis, Chairman of the AIBA.
Among the reasons the industry needs a certification from a well-recognized and highly respected business school such as Lubin, combined with a well-known industry audit and compliance association such as AIBA to administer a value-added certification, are:
- Financial institutions are facing an increased regulatory burden both in the U.S. and abroad. Furthermore, the pace of regulatory changes is increasing dramatically.
- The regulatory compliance market requires a significant set of skills, equaling what is needed in the accounting, finance and legal space.
- Existing certifications simply do not offer enough depth in their programs to allow the student to possess the knowledge to make an impact in the workforce.
- Ongoing retraining in this ever-changing environment is critical and must be professionally administered.
Who Will Benefit
The Lubin/AIBA CCRP™ Program is designed for all banking professionals who seek a solid understanding of the growing significance of regulation and the need for compliance, including:
- Regulators and compliance professionals
- Internal Auditors
- Risk Decision Makers
- Accounting and Operational Management
Course One: Corporate Governance in Financial Institutions
- Course Introduction and Corporate Governance in the International Banking Industry (1/19/12)
- Corporate Governance & Compliance: Overview of Key Statutes and Regulatory Agencies (1/26/12)
- Enterprise Risk Management (ERM) – External Governance vs. Internal Governance – The Role of the Board of Directors, the Audit Committee, and All Levels of Management (2/2/12)
- Compliance Risk Management (CRM) and How ERM Affects All Levels of Bank Management (2/9/12)
- ERM and the Role of Audit (2/16/12)
- Operational Risk and Compliance Management (2/23/12)
- Comparing Similarities of the U.S. Regulatory System with Other Key Countries (3/1/12)
- Summary Session and Course Exam Preparation (3/8/12)
NO CLASS/Spring Break – Take-Home Exam due 3/15/12
Course Two: Regulatory Affairs within International Banking
- Course Introduction and Regulatory Landscape (3/22/12)
- Role of Compliance within the Firm (3/29/11)
- Compliance Risk Assessment – Understanding Key Risk Factors of Complying with Statutes and Regulations to Determine the Risk Level Posed to an International Bank – How Do We Test and Monitor Compliance with Statutes and Regulations Based on Risk? (4/5/12)
- Key Statutes and Regulations Session I – Anti-Money Laundering (AML) and Anti-Terrorist Financing (ATF) – Bank Secrecy Act (BSA) / USA PATRIOT Act of 2001, Part 1 (4/12/12)
- Key Statutes and Regulations Session II – Anti-Money Laundering (AML) and Anti-Terrorist Financing (ATF) – Bank Secrecy Act (BSA) / USA PATRIOT Act of 2001, Part 2 – U.S. Money Laundering Prevention and Terrorist Financing Directives vs. the European Union Money Laundering Prevention and Terrorist ML & Financing Directives (4/19/12)
- Key Statutes and Regulations Session III – Introduction to Project Work/Mentors Introduced (4/26/12)
- Role of Technology in Establishing Proper Compliance Programs (5/3/12)
Course Three: Developing and Managing a Banking Compliance Program
- Course Introduction and Establishing Compliance Policies and Procedures – Reference Manuals to Use as Resource Material – Developing a Compliance Manual – Key Elements for Writing an Effective and Comprehensive Compliance Policy – Key Elements for Writing an Effective and Comprehensive Compliance Procedure – Incorporating Head Office Policies into U.S. Policies – Continuation of Project Work – Individual Team Project Themes to be submitted (5/10/12)
- Establishing Compliance Policies & Procedures II – Continuation of Project Work/Creating Specific Policies & Procedures (5/17/12)
- Establishing Compliance Policies & Procedures III – Continuation of Project Work (5/24/12)
- Preparation and Conduct during a Regulatory Examination (5/31/12)
- Delivery of Preliminary Reports by Project Working Groups with Mentors (6/7/12)
- Enforcement Actions (6/14/12)
- Presentation of Final Project Report, Written & Oral, to Board with Mentors (6/21/12)
- Final Examination Preparation (6/28/12)
- NO CLASS/Fourth of July Weekend (7/5/12)
- Final Examination (7/12/12)
For roughly the last third of the program, each student will participate in a practical project, mentored by experienced practitioners.
A combination of distinguished academics and seasoned compliance and regulatory professionals has developed the curriculum and will be teaching the classes, enriched by guest speakers from relevant industries.
The CCRP™ certificate will be awarded to those participants who successfully complete the program in a continuous six-month period and pass the CCRP™ exam. While weekly attendance is strongly encouraged, lectures will be videotaped and archived online for later viewing if occasional business travel takes a student out of town.
$2,500 per CCRP™ Program Course and a $400 fee for administration of the CCRP™ Certification Examination. Each CCRP™ Program Participant will also be responsible for an application fee of $70. CCRP™ Program Participants will be personally responsible for the cost of textbooks and other CCRP™ Program Course related materials.
About The Center for Global Governance, Reporting and Regulation (CGGRR) at Lubin
CGGRR sponsors research and discussion on the development and implementation of global financial reporting standards, regulatory compliance and governance. It also develops programs to develop proficiencies and expertise in these areas and hosts conferences and events on relevant topics featuring leaders in these fields. CGGRR originated as the Center for the Study of International Accounting Standards, and evolved into its current iteration as a natural progression. Reporting standards alone are not sufficient in the current global business environment; governance and regulatory compliance are essential in international business.
About the Lubin School of Business and Pace University
Founded in 1906, Pace University has nearly 13,000 students across six schools. Globally recognized and prestigiously accredited, the Lubin School of Business integrates New York City’s business world into the experienced-based education of its students at both the suburban and downtown campuses, implemented by the region’s largest co-op program, team-based learning, and customized career guidance—all designed to launch success-oriented graduates toward upwardly mobile careers. www.pace.edu/lubin
About The Association of International Bank Auditors (AIBA): The AIBA membership consists of internal audit, compliance and internal control professionals of nearly 100 branches and agencies of foreign banks. The mission of the AIBA is to foster the professional standing of its members by increasing their knowledge and capacities to carry out their responsibilities with respect to international banking.
Pace Media Contact: Samuella Becker, email@example.com; 212-346-1637 (office) or 917-734-5172 (mobile)
CCRP™ Program Contact: BrianPew, firstname.lastname@example.org; 212-618-6444