Sample Compliance Officer Form: Fill & Download for Free

Many of our clients at qplum work at financial institutions (banks, hedge funds etc) and face similarly strict compliance requirements.Working at a financial institution does not restrict you from opening a qplum account. We act as the financial advisor for your account and execute all the trades as per the agreed upon investment mandate.Since our clients don't have any discretionary trading authority in their qplum accounts, that helps in faster approval with compliance.We typically have our clients go through a 407 letter (sample here: https://s3.amazonaws.com/qplum-public/docs/qplum_Letter_407.pdf that helps streamline all the necessary reporting to their compliance dept directly and seamlessly.Once you complete the account opening process, you will receive the next steps for 407 letter processing. And, the employer will be receiving duplicate statements of all your account activity once the 407 letter is completed.You can also mention to your employer that this is an advisor managed account and you will not be placing trades in it directly.Providing them with this information will help in faster processing of this form.The brokers with whom we work may require additional paperwork in order to open your brokerage account and it may take a little extra time if your employer is not already familiar with qplum.In most cases, we simply have to provide duplicate statements to ‘interested parties' such as the compliance department at your employer to ensure that we are in compliance and there is full disclosure of activity in your account to them.If you or the compliance officer at your employer's firm has specific questions, we will be happy to address them. You can learn more about us here: Next-Gen Robo-Advisor that Invests with Algorithms and Data | qplumI hope this helps!PS: You can also watch this video that explains why it is easy and convenient to invest through qplum, if your employer does not allow you to invest in stocks directly.Disclaimer: All investments carry risk. This is not a solicitation to buy/sell securities. This is not an offer of personal financial advice or legal advice. Past results are not indicative of future performance.

Basel III, risk and compliance management trainingBasel iii Compliance Professionals Association (BiiiCPA)The Basel iii Compliance Professionals Association (BiiiCPA) develops and maintains four certification programs and many tailor-made training programs for directors, executive managers, professionals, consultants, vendors, service providers, auditors and legal counsels around the world. Subject matter experts review and update this body of knowledge.1. Course TitleCertified Basel iii Professional (CBiiiPro)Objectives:The seminar has been designed to provide with the knowledge and skills needed to understand the new Basel III framework and to work in Basel III Projects.The course provides with the skills needed to pass the exam and become a Certified Basel iii Professional (CBiiiPro).Target Audience:This course is intended for managers, professionals, consultants, service providers and vendors working for Banks, Financial Organizations, Financial Groups and Financial Conglomerates. They need to understand not only the new Basel III requirements, challenges and opportunities, but also the regulatory differences for branches and subsidiaries or their bank around the world.This course is highly recommended for:- Managers and Professionals involved in Basel III (decision making and implementation)- Risk and Compliance Officers- Auditors- IT Professionals- Strategic Planners- Analysts- Legal Counsels- Process OwnersCourse Synopsis:What is Basel III?•The Basel III papers•Was Basel II responsible for the market crisis?•Introduction to the Basel III Amendments•The Financial Stability Board (FSB), the G20 and the Basel III framework1. The New Basel III Principles for risk management and corporate governanceThe key areas where the Basel Committee believes the greatest focus is necessary1.Board practices2.Senior management3.Risk management and internal controls4.Compensation5.Complex or opaque corporate structures6.Disclosure and transparencySound Practices for the Management of Operational Risk•The 9 principles2. The Quality of Capital•The numerator: A strict definition of capital•Limits and Minima•Common Equity Tier 1•Common shares issued by the bank•Additional Tier 1 capital•Tier 2 capital•Investments held by banks in capital instruments of other banks and financial and insurance entities•The corresponding deduction approach and the changes in the business model•Double Gearing and Basel III•Securitisation and Resecuritisation3. The Risk Weighted Assets•The denominator: Enhanced risk coverage•Understanding securitization4. The Capital Ratio•In addition to the quality of capital and risk coverage•Calibration•Transition period5. Global Liquidity Standards•Introduction of global minimum liquidity standards•The Liquidity Coverage Ratio (LCR) that makes banks more resilient to potential short-term disruptions•Stock of high-quality liquid assets•Total net cash outflows•The Net Stable Funding Ratio (NSFR) that addresses longer-term structural liquidity mismatches•Available stable funding (ASF)•Required stable funding (RSF)•Contractual maturity mismatch•Concentration of funding•Available unencumbered assets•LCR by significant currency•Market-related monitoring tools•Transitional arrangements6. Capital Conservation•Distribution policies that are inconsistent with sound capital conservation principles•Supervisors enforce capital conservation discipline7. Leverage Ratio•Strong Tier 1 risk based ratios with high levels of on and off balance sheet leverage•Simple, non-risk-based leverage ratio•Introducing additional safeguards against model risk and measurement error•Calculation of the leverage ratio. The January 2014 amendment.8. Countercyclical Capital Buffer•Procyclical or Countercyclical?•The new countercyclical capital buffer•Home / Host Challenges•Guidance for national authorities operating the countercyclical capital buffer•Principles underpinning the role of judgement•Principle 1: (Objectives)•Principle 2: (Common reference guide)•Principle 3: (Risk of misleading signals)•Principle 4: (Prompt release)•Principle 5: (Other macroprudential tools)•Jurisdictional reciprocity•Frequency of buffer decisions and communications•Treatment of surplus when buffer returns to zero•Interaction with Pillar 1 and 29. Systemically Important Financial Institutions (SIFIs)•SIFIs and G-SIFIs•Improvements to resolution regimes•Additional loss absorption capacity•More intensive supervisory oversight•Stronger robustness standards•Peer review•Developments at the national and regional level•The Financial Stability Oversight Council (FSOC)•The European Systemic Risk Board (ESRB)•Strengthening SIFI supervision10. Systemically Important Markets and Infrastructures (SIMIs)•The Basel Committee and Financial Stability Board endorse central clearing and trade reporting on OTC derivatives•Derivative counterparty credit exposures to central counterparty clearing houses (CCPs)11. Risk Modelling, Stress Testing and Scenario Analysis•Capture of systemic risk/tail events in stress testing and risk modelling•VaR shortcomings: the normality assumption•Need for a strong stress testing programme•Systemic risk capture in banks’ risk models12. Stressed Value-at-Risk (S-VaR), Counterparty Credit Risk (CCR), Credit Valuation Adjustment (CVA), Wrong-Way Risk•Overview of the new requirements•Stressed Value-at-Risk (S-VaR)•Counterparty Credit Risk (CCR)•Credit Valuation Adjustment (CVA)•Wrong-Way RiskPillar 2 Amendments: Stress testing•Principles for sound stress testing practices and supervision•Use of stress testing and integration in risk governance•Stress testing methodologies•Scenario selection•Principles for sound stress testing practices and supervision•Firm-wide stress testing•15 stress testing principles for banks•6 stress testing principles for supervisorsRecognising the risk-mitigating impact of insurance in operational risk modelling•Insurance industry supervision•Banking supervisors’ assessment processes•Approval of insurance contracts•Revoking approval for recognising insurance mitigation in capital•Maximum 20% operational risk capital charge reduction•Modelling methodology•Traditional and proposed insurance policies•Criteria for recognising insurance mitigation•Partial insurance modelingUnderstanding Supervisory Colleges•Good practice principles on supervisory colleges•Principles for both home and host supervisors•Principle 1: College objectives•Principle 2: College structures•Home supervisors, Host supervisors•Principle 3: Information sharing•Principle 4: Communication channels•Principle 5: Collaborative work•Principle 6: Interaction with the institution•Principle 7: Crisis management•Principle 8: Macroprudential work•Case Study: Committee of European Banking Supervisors, Joint decision on model validationBasel III for international financial organizations•The Dodd-Frank Act in the USA and the Basel III framework•The Capital Requirements Directives (II, III, IV) of the European Union and the Basel III frameworkThe Impact of Basel III•Investment Banking, Corporate Banking, Retail Banking•Investment banks are primarily affected, particularly in trading and securitization businesses•The new capital rules have a substantial impact on profitability•Banks with insurance subsidiaries•Minority investments after Basel III•Interaction between Solvency II and Basel III•Regulatory Arbitrage after Basel III•Examples and Case Studies•Closing remarksReference - Islamic Banking and Basel IIIMany Basel iii professionals need to have a good understanding of the Basel iii equivalent rules in Islamic BankingThis presentation is not necessary for the examThere are no questions based on these slides•Islamic Banking and Basel ii / Basel iii•Islamic finance has continued to expand its potential as a sustainable and stable form of financial intermediation•Basel iii is designed for conventional banks•Profit Sharing Investment Accounts (PSIA)•The Basel II / Basel III equivalent rules developed by the Islamic Financial Standards Board (IFSB) and the Islamic Development Bank (IDB)•The liquidity risk management and liquidity ratios challenge•The setting up of the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) and the Islamic Financial Stability Forum (IFSF)•IFSB-13: Stress Testing principles•IFSB-12: Liquidity Risk•IFSB-10: Governance•Closing Remarks2. Course TitleCertified Pillar 2 Expert - Basel 3 (CP2E-B3)Objectives:The seminar has been designed to provide with the knowledge and skills needed to understand better the Second Pillar of the Basel III framework and to work in Basel III Pillar 2 Projects.The course provides with the skills needed to pass the exam and become a Certified Pillar 2 Expert - Basel 3 (CP2E-B3).Target Audience:This course is intended for managers, professionals, consultants, service providers and vendors working for Banks, Financial Organizations, Financial Groups and Financial Conglomerates. They need to understand not only the new Basel III requirements, challenges and opportunities, but also the regulatory differences for branches and subsidiaries or their bank around the world.This course is highly recommended for:- Managers and Professionals involved in the Second Pillar of Basel III (decision making and implementation)- Risk and Compliance Officers- Auditors- IT Professionals- Strategic Planners- Analysts- Legal Counsels- Process OwnersCourse Synopsis:•The Second Pillar of Basel 2•Revised Core Principles for Effective Banking Supervision•From the Second Pillar of Basel 2 to the Second Pillar of Basel 3•The new ICAAP•Basel III Pillar 2 Guidelines•Basel III Pillar 2 Guidelines and Case Studies in the USA•Basel III Pillar 2 Guidelines and Case Studies in the EU•Basel III Pillar 2 Guidelines and Case Studies in the G20 countries•Basel III Pillar 2 Guidelines and Case Studies in Other CountriesNOTES:1.The US, EU and UK rules implementing Basel III follow many aspects of Basel III closely, but there are so many differences in approach in several key areas. Many G20 countries choose options and national discretions that make them “materially non-compliant” or “largely compliant” with Basel III. We organize in-house instructor-led training in major financial organizations, where we tailor the program to meet specific requirements.2.It is highly recommended to study the Certified Basel iii Professional (CBiiiPro) Program before the Certified Pillar 2 Expert - Basel 3 (CP2E-B3) Program.3. Course TitleCertified Pillar 3 Expert - Basel 3 (CP3E-B3)Objectives:The seminar has been designed to provide with the knowledge and skills needed to understand the Third Pillar of the new Basel III framework and to work in Basel III Projects.The course provides with the skills needed to pass the exam and become a Certified Pillar 3 Expert - Basel 3 (CP3E-B3).Target Audience:This course is intended for managers, professionals, consultants, service providers and vendors working for Banks, Financial Organizations, Financial Groups and Financial Conglomerates. They need to understand not only the new Basel III requirements, challenges and opportunities, but also the regulatory differences for branches and subsidiaries or their bank around the world.This course is highly recommended for:- Managers and Professionals involved in the third Pillar of Basel III (decision making and implementation)- Risk and Compliance Officers- Auditors- IT Professionals- Strategic Planners- Analysts- Legal Counsels- Process OwnersCourse Synopsis:•Revised Pillar 3 disclosure requirements•Introduction•Guide for disclosure of Pillar 3 information•Scope of application•Implementation date•Reporting location•Frequency and timing of disclosures•Assurance of Pillar 3 data•Proprietary and confidential information•Guiding principles for banks’ Pillar 3 disclosures•Principle 1: Disclosures should be clear•Principle 2: Disclosures should be comprehensive•Principle 3: Disclosures should be meaningful to users•Principle 4: Disclosures should be consistent over time•Principle 5: Disclosures should be comparable across banks•Presentation of the disclosure requirements•Templates and tables•Templates with a fixed format•Templates/tables with a flexible format•Signposting•Qualitative narrative to accompany the disclosure requirements•Format and reporting frequency of each disclosure requirement•Overview of risk management and RWA•Linkages between financial statements and regulatory exposures•Credit risk•General information about credit risk•Credit risk mitigation•Credit risk under standardised approach•Credit risk under internal risk-based approaches•Counterparty credit risk•Securitisation•Quantitative disclosure - description of a bank’s securitisation exposures•Quantitative disclosure – calculation of capital requirements•Market risk•Operational risk•Interest rate risk in the banking book (unchanged)•Abbreviations•Pillar 3 disclosure requirements for remuneration•Background and objectives•Pillar 3 disclosure requirements•Scope of application•Method and frequency of disclosure•Key disclosures•Composition of capital disclosure requirements•Introduction•Post 1 January 2018 disclosure template•Reconciliation requirements•Main features template•Other disclosure requirements•Template during the transitional period•Global systemically important banks: updated assessment methodology and the higher loss absorbency requirement•Introduction•Methodology for assessing systemic importance of G-SIBs•A. Indicator-based measurement approach•B. Sample of banks•C. Bucketing approach•D. Supervisory judgment•E. Periodic review and refinement•F. Disclosure requirements•The magnitude of the higher loss absorbency requirement and its impact•Instruments to meet the higher loss absorbency requirement•Interaction with other elements of the Basel III framework•Liquidity coverage ratio disclosure standards•Introduction•Disclosure requirements•Guidance on additional disclosures•Basel III leverage ratio framework and disclosure requirements•Introduction•Disclosure requirements•Implementation date, frequency and location of disclosure•Disclosure templates•Summary comparison table•Common disclosure template and explanatory table, reconciliation and other requirements•Basel III Pillar 3 Guidelines in the USA•Basel III Pillar 3 Guidelines in the EU•Basel III Pillar 3 Case Studies4. Course TitleCertified Stress Testing Expert - Basel 3 (CSTE-B3)Objectives:The seminar has been designed to provide with the knowledge and skills needed to understand the new Financial Stress Testing requirements of the Basel III framework and to work in Basel III Projects.The course provides with the skills needed to pass the exam and become a Certified Stress Testing Expert - Basel 3 (CSTE-B3).Target Audience:This course is intended for managers, professionals, consultants, service providers and vendors working for Banks, Financial Organizations, Financial Groups and Financial Conglomerates. They need to understand not only the new Basel III requirements, challenges and opportunities, but also the regulatory differences for branches and subsidiaries or their bank around the world.This course is highly recommended for:- Managers and Professionals involved in Financial Stress Testing after Basel III (decision making and implementation)- Risk and Compliance Officers- Auditors- IT Professionals- Strategic Planners- Analysts- Legal Counsels- Process OwnersCourse Synopsis:•The Basel III papers•Stress Testing Before and After the Crisis•Basel III Stress Testing Guidelines•Basel III Stress Testing Guidelines and Case Studies in the USA•Basel III Stress Testing Guidelines and Case Studies in the EU•Basel III Stress Testing Guidelines and Case Studies in the G20 countries•Basel III Stress Testing Guidelines and Case Studies in Other CountriesNOTES:1.The US, EU and UK rules implementing Basel III follow many aspects of Basel III closely, but there are so many differences in approach in several key areas. Many G20 countries choose options and national discretions that make them “materially non-compliant” or “largely compliant” with Basel III. We organize in-house instructor-led training in major financial organizations, where we tailor the program to meet specific requirements.2.It is highly recommended to study the Certified Basel iii Professional (CBiiiPro) Program before the Certified Stress Testing Expert - Basel 3 (CSTE-B3) Program.you may contact them through email for further : [email protected]

The New York State Department of Financial Services (DFS) - (23 NYCRR Part 200 Virtual Currencies) is issuing body for the New York Virtual Currency License. The procedure is conducted via the Nationwide Multistate Licensing System and Registry (NMLS). To access NMLS for the first time, you must complete a Company account request form and identify a primary and secondary Account Administrator. There is a lot of paperwork and a number of documents need to be submitted in order to get a Virtual Currency license. The whole process of obtaining the license is very difficult and rigorous.Required documents are:· Application with biographical information of all key persons· Financial Statements of the two most recent years prepared by a Certified Public Accountant· Background report of all key persons· Current financial statement for the applicant and all key persons· Banking arrangement details· Copies of insurance policies of the applicant· Details about compliance officer and compliance policy· Anti- Money Laundering Program· Organizational documents such as company registration· Business Plan· Cybersecurity program· Verification from the New York State Department of Taxation and Finance that the applicant is compliant with all New York State tax obligations· Samples of documents and forms which will be used by the business for customers· The flow of Funds Structure· Management Chart and Organizational Chart showing ownership percentage· Additional affidavits as specified in the form· Permissible investments maintained by the company· Information regarding foreign Companies/ Persons· Registration with FinCEN as a Money Services BusinessCompleted application has to be uploaded to the Document Uploads section of the Company Form (MU1) in NMLS. The cost of application is $5,000.As a full-service Global Law Firm focused on global I-gaming, Financial Services, Licensing, Asset Management, Securities, International Business & Tax; we value hearing from you, no matter where in the world you are. If you have any question, get in touch with us anytime via email, or visit us at www.empireglobal.partnersE-mail: [email protected] Disclaimer:This website, or this blog post and its contents do not create and are not meant to offer any legal advice, and this is not an advertisement or solicitation but merely a legal-minded expression of fact or opinion meant for public consideration, not to be substituted for legal advice.Full Disclosure - Lionel Iruk, Esq is the principal attorney and manager at Empire Global Partners, PLLC and Iruke Legal, Inc.