Describe the concept of a compliance management system

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Reference no: EM133436049

Questions:

Q1. Describe the concept of a "Compliance Management System" within the context of a financial services institution (e.g. bank) in your own words.
Q2. What can be the key components of an effective Compliance Management System?
Q3. List and briefly describe key compliance documentation required to maintain compliance.
Q4. Describe the key responsibilities of the senior management (e.g. the Boards, CEO, Directors etc.) in maintaining effective compliance and compliance culture within the organisation.
Q5. List internal and external job roles (at least five) that focus on managing compliance within an organisations/institute.
Q6. Explain how a compliance culture can be supported within an organisation in your own understanding
Q7. Outline a typical compliance planning processes of the organisation in your own words.
Q8. Explain reporting processes on compliance management including reports on breaches and rectifications in your own words.
Q9. Provide examples of some of the measures to assess compliance performance (at least five).
Q10. Briefly describe standards for quantitative and qualitative data analysis techniques relevant to compliance related evaluation in your own words.

Reference no: EM133436049

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