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Course Description
In this Risk-Based Compliance in Retail Banking course, you’ll understand how to identify and respond to higher-risk activity using risk-based compliance principles. We’ll also examine red flags in transactions and customer behavior and explore reporting obligations that support regulatory expectations. These skills help you focus attention where it matters most and strengthen the bank’s ability to detect financial crime. Throughout this course, you’ll connect these concepts to the practical steps involved in daily compliance work.
We’ll explore how risk reviews and profiling work, detailing how alerts and sanctions screening help assess and manage customer risk. You’ll build confidence in spotting unusual activity and develop the ability to support investigations by documenting and escalating concerns accurately. We'll also address fraud risk indicators, reporting duties such as SARs and CTRs, and the role of internal controls to give you a complete understanding of risk-based compliance in retail banking. By the end of this course, you’ll know how to support safe operations by recognizing risk while escalating concerns and following proper review procedures.
Learning Objectives
- Identify red flags in transactions and customer behavior.
- Explain how risk profiling supports higher-risk reviews.
- Apply reporting steps for SAR and CTR requirements.
- Recognize indicators of fraud and account takeover activity.
- Support investigations by documenting and escalating concerns accurately.
Skills You Will Learn
- Escalation Procedures
- Fraud Detection And National Security Data System
- Threat Assessment
What You'll Learn
- Identify red flags in transactions and customer behavior
- Explain how risk profiling supports higher-risk reviews
- Apply reporting steps for SAR and CTR requirements
- Recognize indicators of fraud and account takeover activity
- Support investigations by documenting and escalating concerns accurately
- Apply internal controls and oversight in daily compliance work
Key Takeaways
- Risk-based compliance principles help focus attention on higher-risk activity to strengthen the bank's ability to detect financial crime.
- Risk reviews, profiling, alerts, and sanctions screening are used to assess and manage customer risk.
- Reporting obligations such as SARs and CTRs support regulatory expectations.
- Documenting and escalating concerns accurately supports investigations and safe operations.
- Internal controls and oversight contribute to a complete understanding of risk-based compliance in retail banking.
Frequently Asked Questions
What will I learn in this course?
You'll learn to identify and respond to higher-risk activity using risk-based compliance principles, examine red flags in transactions and customer behavior, understand how risk reviews and profiling work, and explore reporting obligations including SARs and CTRs, fraud risk indicators, and the role of internal controls.
Who is this course for?
It is designed for people doing daily compliance work in retail banking who need to recognize risk, escalate concerns, and follow proper review procedures.
What skills does this course build?
The course builds skills in escalation procedures, fraud detection, and threat assessment, including spotting unusual activity and supporting investigations by documenting and escalating concerns accurately.
What topics are covered in the lessons?
Lessons cover an Introduction, Red Flags and Fraud, Risk Reviews and High Risk, Reporting Obligations, and Internal Controls and Oversight, each followed by a Test Your Knowledge check.
