Course Outline

The course covers the following issues

• Authority gradients
• Pressure from onshore offices to transact
• Dominant individuals
• Case studies and table top exercises
• Reliance vacuums
• Confirmation bias
• Mental Risk Models
• The Barings Collapse
• Poor attitudes towards compliance
• Over-reliance on systems based solutions
• Bonus driven cultures

Course Objectives

Every disaster, collapse or regulatory failure is caused to a large extent by human error. Yet organisations continue to expend vast sums on internal controls often at the expense of greater focus on common human factor barriers to risk control.

This seminar will examine the following common human factor problems and examine how to overcome them.

Target Audience / Entry Requirements

Board Directors
Senior Managers
Compliance officers
Risk officers
MLROs
MLPOs
Internal audit
Regulators and law enforcement officers