In addition to following the rules, firms must also improve the intangible factors of transparency and integrity that affect Conduct Risk in order to prevent future problems.
New York, N.Y. (PRWEB) May 26, 2015
Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, today announced a Conduct Risk Suite of compliance training courses. Conduct Risk, relates to the integrity of a firm and its employees and how the willingness to do the right thing is transposed into ensuring that their actions influence good customer outcomes. The Financial Conduct Authority (FCA) regulates and monitors how organizations apply these principles to ensure that products are designed, built, marketed, sold and administered with the customer’s best interest in mind.
Rather than give specifics on the type and frequency of Conduct Risk training, the FCA only advises that employees should be trained based on their risk profile. The Thomson Reuters Conduct Risk Compliance Training Suite breaks the mold of the one size fits all training approach by offering online training courses designed for specific roles within an organization. The eight, 15-30 minute courses within the suite address various roles, including the Board of Directors, employees in senior management, Human Resources, Sales, Record Keeping, and other departments. Equipping organizations with Conduct Risk training that is relevant to their role is more effective than the alternative ‘tic the box’ solutions. Topics covered in this suite are specific to Conduct Risk and include; Conduct Risk Overview, Avoiding Personal Liability, Conflicts of Interest, Culture and Tone, Good Customer Outcomes, Hiring and Onboarding, Recordkeeping and Whistleblowing.
“Conduct Risk is of growing concern to regulators and firms around the world,” said Andrew Rawson, Head of eLearning Development. “In addition to following the rules, firms must also improve the intangible factors of transparency and integrity that affect Conduct Risk in order to prevent future problems. Our Conduct Risk Suite will enable firms to achieve this.”
For more information on the Thomson Reuters Conduct Risk Compliance Training Suite, please visit http://risk.thomsonreuters.com/compliance-training-courses/conduct-risk-suite. Thomson Reuters provides practical, interactive, customizable and cost-effective compliance training programs, which assist in changing behavior and supporting a culture of integrity and compliance. Content for the Thomson Reuters 800+ compliance training course library is powered by world-leading regulatory intelligence, which tracks more than 500 regulators and exchanges globally. Courses are continually updated in response to the latest regulatory and legislative changes to ensure that your business is protected against compliance breaches, empowering our customers to act with confidence in a complex world.
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