ManchesterCF has partnered with Arctic Intelligence, a multi-award winning, RegTech firm that specialises in audit, risk and compliance software related to financial crime compliance and risk management to produce this training program.

FIU CONNECT (Risk Assessments) establishes the criteria for a defensible risk assessment and provides practical guidance on generating a well-constructed, enterprise-wide financial crime risk assessment (FCRA) that will satisfy supervisors.

While an FCRA is a tool built internally for and unique to each financial institution, national supervisors are tasked with ensuring that organisations can demonstrate the efficacy of their FCRAs. Supervisors expect FCRAs to be living, risk-based instruments, not static “tick-box” compliance documents. Numerous cases examined in this course illustrate how supervisors have penalised financial institutions for having an inadequate enterprise understanding of risk at scale or failing to translate known risks into monitoring capacity.

The FIU CONNECT (Risk Assessments) course provides context and guidance to those whose roles at financial institutions include risk analyst, auditor, compliance professional and senior manager as each should have input and insight into the FCRA lifecycle.

The FIU CONNECT (Risk Assessment) program can be implemented with the following components:

• Digital textbook
• Examination