Outsourcing has long been a priority of the Central Bank of Ireland. The CBI states that it is strongly focused on outsourcing due to its increasing prevalence across the financial services sector and its potential, if not effectively managed, to threaten the operational resilience of regulated firms and the Irish financial system.
The CBI expects all regulated firms to be in a position to demonstrate that they have appropriate measures in place to effectively govern and manage outsourcing risk and to ensure compliance with the sectoral legislation, regulations and guidance applicable to their business.
Following the publication of the Cross-Industry Guidance on Outsourcing, this course is designed to give you an overview of this Guidance along with other relevant legislative guidance on Outsourcing across the Financial Industry.
Topics Covered:
- Management of Outsourcing Risk
- Assessment of Criticality or Importance of Outsourced Actvity
- Intragroup Arrangements
- Outsourcing & Delegation
- Governance, Strategy & Policy
- Risk Assessment and Management
- Due Diligence
- Contractual Arrangements
- Ongoing Monitoring
- Disaster Recovery & Business Continuity Management#
- Reporting Requirements
- Outsourcing Register
Suitable for:
The course is designed primarily for personnel in Regulated Financial Service firms who use outsourcing as part of their business model, Outsourcing Managers, Compliance Officers, Risk Management Personnel .
CPD:
Accreditation sought from the IoB, III and LIA
A CPD certificate will issue within a week of course completion.
Cost: €195 per person.
For more information, please don't hesitate to contact us:
info@regsol.ie
+353 (0)1 539 4884
