Recent high profile fraud cases and continued regulatory scrutiny have highlighted the importance of understanding the key principles of safeguarding customers’ monies and assets. The rules are complex and you need the right skills to apply them effectively.
What will I learn?
By the end of the course, you will be able to:
Understand the key principles in managing customer monies and assets effectively
Discover why insolvency drives the need to protect customers
Learn why company and customer monies should be separated, as well as how and what to separate
Explain the basics for good organisational arrangements and understand the fundamentals of banking and custodian relationships
Describe the basics of registration and recording of legal titles and the importance of segregation and the role of diversification
Know the steps to take when reconciling accounts and understand how to protect monies and assets during transactions.
This course is designed for:
This practical, knowledge-based course is ideal for:
Anyone in a supervisory first-line role with responsibility for processes that handle client money including those at outsourced administrators
Those in business control teams, compliance advisory and compliance monitoring staff with oversight of client money and custody operations
Internal audit staff
Managers and senior staff who want to be more familiar with their regulatory risks under SM&CR (or equivalent regimes), including the CASS oversight officer
Self-paced online (you will have access to the course for 3 months)