Nepal Bankers’ Association (NBA), in collaboration with National Banking Institute (NBI), successfully conducted an interaction program on “Risk Management and Compliance Practices” at NBA’s Conference Hall. The event aimed to equip banking professionals with in-depth knowledge and critical insights into the current landscape of risk management and compliance, which are essential for addressing the ongoing challenges in the banking industry.
Delivering the opening remarks, Mr. Dhan Thapa, Deputy General Manager, NBI welcomed all the participants and emphasized the importance of the program in strengthening the industry’s approach to risk management and compliance. He underscored the need for continuous collaboration to advance the learning and adaptation in these areas, given the rapidly evolving financial environment.
During the program, Mr. Anandan Murugesan, Head of Conduct, Financial Crime, and Compliance Risk Measurement, Standard Chartered Bank delivered a comprehensive presentation covering important topics related to risk management and compliance, providing participants with a strategic overview as well as practical guidance. Mr. Murugesan delved into critical components such as governance, operational resilience, policy development, establishment of robust frameworks for Financial Crime Compliance (FCC) and overall compliance management. He offered detailed insights into regulatory compliance, prudential risk management, complexities of banking regulations, and the strategies for managing regulatory changes.
Furthermore, he discussed upon setting strategic directions for risk management, designing effective risk assessment methodologies, and executing comprehensive compliance programs from start to finish. He also talked on Global Risk Assessment (GRA) Model, business and geographical financial crime risk assessment and shared the best practices for managing financial crime risks and preventing financial fraud.
The program was attended by more than 45 officials from the member banks.
