SET Training is a member of the Citadel Advantage Group

SET Training (Stanley Epstein Training) is member of the Citadel Advantage Group. 

Check this space for my regular weekly news posts on "Stanley's Musings" - click HERE for instant access. 

Current news on Banking, Fintech, Blockchain, Crypto, Financial Services and Technology issues as well as Training Courses may now be found on Stanley Epstein Training - Banking and Fintech News

How to Plan and Implement an Ethics & Compliance Risk Assessment Program

An ethics and compliance risk assessment is the foundation of an effective ethics and compliance risk management program. This detailed course provides a 12-stage framework that will help you complete your own ethics and compliance risk assessment.

In this hands-on course, we provide a wealth of practical tips on how to go about these tasks. Along the way we are also going to look at a number of major components and themes relating to the ethics and compliance risk assessment; items such as;

• Definitions.
• Understanding why ethics and compliance risk assessment are so important.
• Regulations and compliance requirements in the US, the UK, France and the OECD.
• How the COVID-19 pandemic changed the risk profile and what we need to do to counter these additional risks.
• Details of the main risk management systems currently in use.

With a completed ethics and compliance risk assessment and armed with your findings and action plan, you will be equipped to develop and implement an effective ethics and compliance risk management program.

As an added bonus, the approach that we use in this course is easily applied to any form of compliance, ethics, or conduct risk. What this means is that that the process will work equally well for data privacy, bribery and corruption, conflict of interest, financial integrity and fraud, modern slavery and other forms of economic crime.

To register click HERE.

 

What is CPE (Continuing Professional Education)?

Continuing Professional Education or CPE as it is better known, is ongoing training for certified professionals that allows then to remain certified in certain fields. As an example all accounting professionals certified as CPAs or CMAs need to complete a specific number of CPE credit hours every year in order to maintain their credentials.

In Citadel Advantage's work with Illumeo, most of the online training programs that we offer carry CPE certification. 

 Find our more about CPE certifications offered at Illumeo HERE

To learn more about the Citadel Advantage programs offered by Illumeo please click HERE 

You can also examine Citadel Advantage's individual courses directly on the ILLUMEO website:

• Stanley's courses- click HERE
• Richard's courses - click HERE
  

Online training course - ERM (Enterprise Risk Management) - Comparing COSO to ISO

This course is all about Enterprise Risk Management (ERM) standards. Risk management refers to a coordinated set of activities and methods that is used to direct an organization and to control the many risks that can affect its ability to achieve its objectives.

In this course, we look at and compare two of the most popular risk management standards - the Committee of Sponsoring Organizations (COSO) framework and the International Organization for Standardization (ISO) 31000.

This course has full CPE accreditation.

GET A 10% DISCOUNT ON THIS COURSE!
Use Coupon code CITADEL10 when registering to claim the discount.

For Details & Registrations CLICK HERE 

Operations Risk - Active Management & Compliance - Athens, Greece: 17 & 18 June 2019

GET THE COURSE BROCHURE!

Send e-mail to courses@citadeladvantage.com with ATHENS in the subject line.

Join us in Athens, Greece on 17 & 18 June for an intensive introduction to Operational Risk Management and Mitigation. This training course has been designed to provide a practical "hands-on" approach to participants which will furnish them with all the tools and techniques they need to begin implementing what they have learned almost as soon as they return to the office.

The underlying course philosophy is to move the participants beyond the largely theoretical international compliance requirements for operational risk, and into an understanding of the practice of operational risk management and an ability to actually implement these procedures.

As the size and complexity of financial institutions has increased, so too have the challenges of understanding and reducing operational risks down to truly manageable levels. Increased regulatory concern and scrutiny have also increased the cost of operational risk events in the shape of outright financial loss, regulatory fines

The objectives of this training course is to provide all staff, irrespective of whether they work in the front-, middle- or back-office, with a sound foundation in the theory and practice of Operational Risk Management. This training is provided in a practical "hands-on" manner that allows them to implement what they have learned easily and effectively the minute they return to the office.
, and declining customer confidence.

For full details and registrations CLICK HERE

Register before 1 May 2019 for the Early Bird Discount.

Trading Excellence: Becoming the Maestro of Trade Finance for Shipping

This is an intensive 2-day primer on International Trade Finance being held in Singapore on 26th & 27th February 2019 by M.I.C.E Global Pte Ltd.

This course has been tailored for professionals in shipping and maritime companies who need to gain a closer understanding of all aspects of the financing of international trade.

For full details CLICK HERE

This course will be of special interest to shipping and maritime professionals who wish to expand their knowledge base enhance their expertise to include a better understanding of the international trade finance arena.

Managing Operational Risk – What every professional needs to know

By Stanley Epstein

"Operational risk is probably one of the most misunderstood risks in the whole of the risk spectrum.

While risks such as “credit risk”, “liquidity risk”, “market risk” are easily understood by business and other professionals, “operational risk” is a poor relation when it comes to grasping what it really means.

The starting point, of course, is to define what we mean when we speak about operational risk.

My favourite definition is that formulated by the “Basel Committee on Banking Supervision” in its “Principles for the Sound Management of Operational Risk” (BIS - June 2011).

The definition reads;

“Operational risk is defined as the risk of loss resulting from inadequate or failed internal processes, people and systems or from external events.” 

 

To read the rest of this article please visit ILLUMEO's Blog >> HERE

On-line Course - Key Elements in Managing Operational Risk

Inadequate or failed internal processes, people and systems or external events are the key “risk drivers” in operational risk. These “risk drivers” are exceptionally wide-ranging and cover virtually every element of the operations in all forms of business and other organizations.

This on-line training course sets out a step-by-step approach in how to manage your operational risks, covering the fundamental steps required to identify, manage, and mitigate operational risks.

We cover key aspects of operational risk management including critical issues such as risk analysis, risk appetite, probability, impact, risk mitigation process, and prioritization.

Additionally we are also going to give you a great 10% course discount. Just use Coupon Code CITADEL10 when you register.

Sign up HERE for this course TODAY! 

Check out our other great on-line courses HERE

Why risk management is SO important

Check out our range of In-person and On-line training courses HERE

FinTech – Where finance and technology meet - On-line Training Course

We are at the dawn of a new era. Startups are disrupting the world of finance and banking, and it’s only the beginning. With more and more funding going into FinTech than ever, it is clear that finance and banking are being transformed rapidly.

Traditional companies are at risk - they will have either to disrupt, or be disrupted. FinTech startups formulate new ways to deliver financial services faster, better, and at lower costs than the formal financial can. Corporates are now investing heavily and bringing in startups to help them to respond. The FinTech Revolution is here.


Do you want to understand FinTech?

Our on-line FinTech training course is focused on the hottest topics in FinTech today: Blockchain, Cryptocurrencies, InsurTech, RegTech, Small Business Financing, Peer to Peer Platforms, Open banking, Mobile Banking, Big Data, Deep Learning, Artificial Intelligence, and more.

Don’t lose out on the FinTech revolution.

Take our 3-part on-line training course “Understanding FinTech”.

This course carries full CPE accreditation. Each Part is at really affordable prices.

Use Coupon Code Citadel10 for a 10% discount.

Part 1 – FinTech Basics

Part 2 – Financial Service Functions & Innovation Clusters

Part 3 – Blockchain, Bitcoin & other Cryptocurrencies

Online training course - Understanding Supply Chain Finance

Part 4 of our 4-part International Trade Online Training Course

Supply Chain Finance refers to a variety of financing and business processes aimed at providing short-term credit to improve the working capital situation throughout the supply chain for both buyers and sellers.

While the provision of short-term credit is not something new, connecting the financial transactions to the movement of value through a supply chain is. This is the process that lies at the heart of supply chain finance. 

The supply chain network – usually referred to as the ecosystem - is a complex one. This is especially true for multinational companies that operate with suppliers all over the world. The soundness of a global supply chain isn’t simply measured by revenues and profits. A more appropriate indicator is how efficiently capital flows between buyers and suppliers. Slow moving capital, just like slow moving inventory, creates unnecessary costs and inefficiencies in a supply chain.

In order to understand how supply chain finance can help both buyers and suppliers, it is important to understand its underlying principles. This is the objective of this Illumeo - Citadel Advantage course. 

Purchase this course now! Save 10% by using Coupon Code CITADEL10 

Access ths course today by clicking HERE

Buy this course NOW!

New On-line Courses from Citadel Advantage

INTERNATIONAL TRADE FINANCE (a full course in four parts)

Although the full course is divided into four parts, which together form a complete picture of international trade, its various instruments, its operations and its financing, each part may be
studied as a stand-alone unit.

This course will be of especial interest to banking, business, and import/export professionals who wish to expand their knowledge base as well as enhance their expertise and advance their careers in or gain a deeper understanding of the international trade finance arena.

The course provides a comprehensive foundation for understanding all aspects of International Trade Finance in a global context, covering the key principles, concepts, infrastructures, practices, issues, and current developments.
Part 1 - Trade Finance Instruments

Part 2 - Payment Instruments

Part 3 - International Payment Systems
 
Part 4 - Supply Chain Finance 

Please click on the Part Title for more information

On Demand Course - Principles for the Management of Operational Risk in the Financial Industry

Join Citadel Advantage’s Stanley Epstein in this ILLUMEO on-demand training course.

A detailed presentation on best industry practice in the management of operational risk in banks and other financial institutions.

For Details & Registrations CLICK HERE