Compliance Management in Financial Business

Major: Finance, Banking and Insurance
Code of subject: 7.072.01.E.020
Credits: 6.00
Department: Finance
Lecturer: PhD in Economics, associate Professor Moroz Nataliia
Semester: 3 семестр
Mode of study: денна
Мета вивчення дисципліни: Training of specialists with a high level of qualification in the field of risk management in the financial business, which will provide them with competitive advantages in employment both within Ukraine and in other countries, due to the formation of students of modern economic thinking and a system of special knowledge in the field of compliance management, assimilation students of basic theoretical provisions and the development of the necessary practical skills that allow to effectively carry out this activity in financial companies and to build contractual relations with consumers of financial services, the state, and other counterparties.
Завдання: Ability to make informed decisions. Ability to generate new ideas (creativity). Ability to use theoretical and methodological tools for diagnostics and modeling of financial activities of business entities. The ability of scientific research and modeling of budgeting and taxation processes in corporations, their anti-crisis financial management and financial controlling, relationship with financial intermediaries, management of investment and contractual activities in corporations, using professional knowledge of finance, banking and insurance.
Learning outcomes: Adapt and modify existing scientific approaches and methods to specific situations of professional activity. It is accessible and reasoned to present the results of research orally and in writing, to participate in professional discussions. Apply management skills in finance, banking and insurance. Carry out diagnostics and modeling of financial activities of economic entities. Apply in-depth knowledge in the field of financial, banking and insurance management for decision-making. To substantiate the choice of options for management decisions in the field of finance, banking and insurance and to evaluate their effectiveness taking into account the goals, existing restrictions, legislative and ethical aspects. Teaching and learning methods: lectures, practical and laboratory classes - verbal methods, demonstration of presentations, heuristic method, work in small groups, methods of statistical information processing and economic-mathematical modeling; independent work - research method; inductive and deductive methods. Methods of assessing the level of achievement of learning outcomes: current control - implementation and defense of a research task, oral and face-to-face interview; work on cases; examination control - testing, problem solving, oral examination.
Required prior and related subjects: - prerequisite: Financial Management, Insurance Management, Banking Management, Financial Services Market, Financial Innovations. - co-requisite: SStrategic analysis in financial business, Finance of integrated business structures.
Summary of the subject: The discipline is aimed at studying the peculiarities of the creation and implementation of the compliance system and the development of the compliance culture in the financial business. Risk management in the financial business is an important tool for realizing competitive advantages and meeting the expectations of stakeholders.
Опис: 1. The place and role of compliance management in corporate governance. 2. Compliance management system. 3. Compliance risk management. 4. Integrated Governance, Risk and Compliance model. 5. The main goals, objectives and competencies of the compliance manager. 6. Staff compliance. 7. Monitoring, analysis and evaluation of system compliance. 8. Identification and verification as part of proper customer due diligence. 9. Hotline and internal audit system as an effective mechanism for minimizing compliance risks. 10. Internal audit of the compliance management system. 11. The method of compliance control in financial risk management.
Assessment methods and criteria: Current control (45%) involves thematic control of the level of knowledge throughout the semester in a written test form in the VLE and orally, solving problem situations - 10%; laboratory work - 20% and control work - 15%. The final control involves a written (40%) and an oral component (15%).
Критерії оцінювання результатів навчання: Methods of controlling the knowledge and skills of the student in studying the discipline include: 1. Current control of the acquirer's work: • Test survey; • Oral survey in practical classes; • Speeches at seminars; • Performance of laboratory works (optional) and their protection; • Execution of control work (optional) and its protection. 2. Final control: Assessment (written and oral components). Written component: Tasks of the 1st level - tests with one correct answer; Tasks of the 2nd level - tests with multiple choices; The task of the 3rd level is to solve problems.
Порядок та критерії виставляння балів та оцінок: 100–88 points – (“excellent”) is awarded for a high level of knowledge (some inaccuracies are allowed) of the educational material of the component contained in the main and additional recommended literary sources, the ability to analyze the phenomena being studied in their interrelationship and development, clearly, succinctly, logically, consistently answer the questions, the ability to apply theoretical provisions when solving practical problems; 87–71 points – (“good”) is awarded for a generally correct understanding of the educational material of the component, including calculations, reasoned answers to the questions posed, which, however, contain certain (insignificant) shortcomings, for the ability to apply theoretical provisions when solving practical tasks; 70 – 50 points – (“satisfactory”) awarded for weak knowledge of the component’s educational material, inaccurate or poorly reasoned answers, with a violation of the sequence of presentation, for weak application of theoretical provisions when solving practical problems; 49-26 points - ("not certified" with the possibility of retaking the semester control) is awarded for ignorance of a significant part of the educational material of the component, significant errors in answering questions, inability to apply theoretical provisions when solving practical problems; 25-00 points - ("unsatisfactory" with mandatory re-study) is awarded for ignorance of a significant part of the educational material of the component, significant errors in answering questions, inability to navigate when solving practical problems, ignorance of the main fundamental provisions.
Recommended books: 1. Shklyaruk S.G. Management of financial risks: textbook - Kyiv: SE "Ed. House "Staff", 2019. - 494 p. 2. Risk management: textbook for students majoring in 073 "Management" / M.O. Kravchenko, K.O. Boyarinova, K.O. Kopishinskaya; KPI them Igor Sikorsky. - Kyiv: KPI named after Igor Sikorsky, 2021. - 432 p. 3. Aranchiy V.I., Tomilin O.O., Dorogan-Pisarenko L.O. Financial management: textbook. 2021. 300 p. 4. Financial management: study guide / Yu.Yu. Verlanov. Mykolaiv: ChNU Publishing House named after Petra Mogyly, 2021. 334 p. 5. Socio-economic and management concepts: collective monograph. Іnternational Science Group, 2021. 660 p. Boston (USA).
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