22 External Training Sources for Financial Services In the world of financial services compliance, consider one of these 23 external training companies to keep your finserv staff up to date. Published on 11 May, 2016 | Last modified on 1 November, 2022 In the post-2008 world, compliance training is more important than ever for financial services. Whether you are a retail bank, the investment arm of an insurance firm, or a returns-focused asset management house, there are more regulations than ever–and they keep on coming. It can be overwhelming for L&D teams to stay current with these updates, so consider encouraging employees to attend external conferences and training sessions to supplement your internal providings. There are many organizations that specialize in training on complex topics like the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Dodd-Frank and European Market Infrastructure Regulations (EMIR), Foreign Account Tax Compliance Act (FATCA), and operational risk. Most of them offer a variety of courses, too, ranging from in-class seminars to short webinars your learners can listen to from their desks. When considering which courses to encourage for employees in your firm, keep in mind three important factors: What Read the course summary carefully to make sure that it will cover the topic at the range or depth appropriate for your learners. If possible, read previous attendee’s reviews to get a sense of whether it is a fast-paced course or if the instructor goes into detail. Also consider whether accreditation is important to your firm: many courses will offer Continuing Professional Education (CPE) credits or other accreditation by larger, independent organizations. Who Research the instructor(s) to find out what expertise they have, how long they have been in the industry, and how they stay up-to-date on the regulations. Again, if you can get your hands on past testimonials, you can get a sense for what kind of facilitator they will be (even if those testimonials are all positive). How Finally, consider what kind of modality is best for your organization. Can you afford to fly your learners into a central location for instructor-led training (ILT) or are you working with busy professionals who only have time for lunch sessions? This has both to do with your audience and your budget. To get you started, here is a comprehensive roundup of external offerings that specialize in financial services regulations and compliance training: ACAMSAmerican Bankers AssociationAssociation of Certified Financial Crime SpecialistsBanker’s AcademyBankersEdgeCenter for Financial TrainingCompliance AllianceCompliance OnlineCredit Union National AssociationEureka FinancialFIBAFinancial Technologies ForumFINRAFitch LearningIncisive TrainingIndependent Community Bankers of AmericaInternational Association of Risk and Compliance ProfessionalsKesdeeLIMRAManaged Funds AssociationNational Futures AssociationThomson Reuters Hopefully this list will help you save time and source your firm the highest-quality compliance training. How do you stay on top of regulatory updates in the financial services? twitter Tweet facebook Share pinterest Pin Next Post Previous Post Mimeo Marketing Team Mimeo is a global online print provider with a mission to give customers back their time. By combining front and back-end technology with a lean production model, Mimeo is the only company in the industry to guarantee your late-night print order will be produced, shipped, and delivered by 8 am the next morning. For more information, visit mimeo.com and see how Mimeo’s solutions can help you save time today.
