Description

Introduction

Compliance and risk management are critical in the financial industry, ensuring institutions meet regulatory standards while mitigating operational risks. nCino provides a robust framework for managing compliance, automating risk assessments, and maintaining audit readiness. This training explores how nCino streamlines regulatory reporting, policy enforcement, and risk monitoring to help financial institutions maintain compliance efficiently.

Prerequisites

• Basic understanding of financial regulations and compliance.
• Familiarity with risk management principles.
• Experience with banking operations and reporting.
• Knowledge of cloud-based banking platforms is helpful but not required.

Table of Contents

1. Introduction to nCino for Compliance and Risk Management

1.1 Overview of Compliance in Financial Institutions
1.2 The Role of nCino in Risk and Regulatory Management
1.3 Key Compliance Challenges Addressed by nCino
1.4 nCino’s Integration with Regulatory Frameworks

2. Regulatory Compliance and Reporting

2.1 Understanding Key Banking Regulations (e.g., AML, KYC, GDPR)
2.2 Automating Regulatory Reporting in nCino
2.3 Real-Time Data Monitoring for Compliance
2.4 Audit Trails and Document Retention Policies

3. Risk Assessment and Management

3.1 Identifying and Managing Operational Risks
3.2 Configuring Risk Scoring and Monitoring in nCino
3.3 Automating Risk Alerts and Escalation Processes
3.4 Using Predictive Analytics for Risk Mitigation

4. Know Your Customer (KYC) and Anti-Money Laundering (AML)

4.1 Implementing KYC Processes in nCino
4.2 Automating Customer Due Diligence (CDD) Checks
4.3 AML Transaction Monitoring and Fraud Detection
4.4 Suspicious Activity Reporting (SAR) and Compliance Alerts

5. Policy Enforcement and Access Controls

5.1 Role-Based Access Control (RBAC) in nCino
5.2 Enforcing Compliance Policies with Automated Workflows
5.3 Data Security and Encryption Best Practices
5.4 Managing Internal Audits and Policy Reviews

6. Third-Party Risk Management and Vendor Compliance

6.1 Monitoring Vendor Compliance with nCino
6.2 Assessing Third-Party Risk Exposure
6.3 Automating Compliance Reviews for External Partners
6.4 Data Sharing and Privacy Considerations

7. Fraud Prevention and Cybersecurity in Compliance

7.1 Integrating nCino with Fraud Detection Systems
7.2 Cybersecurity Best Practices for Compliance Officers
7.3 Incident Response and Breach Notification Policies
7.4 Managing Data Protection and Compliance Risks

8. Workflow Automation for Compliance Efficiency

8.1 Reducing Manual Compliance Tasks with nCino
8.2 Automating Approval Workflows and Compliance Audits
8.3 Leveraging AI and Machine Learning for Compliance Monitoring
8.4 Optimizing Performance with Real-Time Risk Dashboards

9. Case Studies and Best Practices

9.1 Real-World Examples of Compliance Automation in nCino
9.2 Common Compliance Challenges and How to Overcome Them
9.3 Strategies for Enhancing Risk and Regulatory Management
9.4 Future Trends in Compliance and RegTech Innovations

Managing risk and regulatory compliance is a critical function in modern financial institutions. nCino provides an integrated approach to compliance, automating processes, reducing risks, and ensuring adherence to regulatory standards. This training equips compliance professionals with the tools to optimize compliance workflows, strengthen security, and improve risk management efficiency.