Understanding the role of international regulatory bodies like BIS, BCBS, and Wolfsberg Group.

Awareness of global and regional regulatory frameworks

Analyzing the impact of international and regional laws on compliance practices

Implementing a risk-based approach to compliance monitoring

Ensuring adherence to direct regulatory bodies' instructions and requirements

Understanding legal compliance and internal policy adherence

Structuring the compliance department within the organization

Establishing relationships between compliance, Internal Audit, Legal, Risk, and executive leadership

Defining board responsibilities in corporate culture, risk management, and oversight

Developing and implementing compliance policies and procedures

Executing the five stages of compliance monitoring and examination

Conducting compliance reviews and regulatory reporting

Managing regulatory inventories and control matrices for compliance oversight

Performing compliance examinations to evaluate regulatory effectiveness

Conducting compliance risk assessments and identifying key risks

Determining the frequency and stakeholders involved in risk assessments

Applying practical risk assessment methodologies for compliance risk mitigation

Implementing and evaluating control types and functions in compliance risk management

Strengthening regulatory compliance through multiple control mechanisms