Governance – Roles and responsibilities of directors and effective officers Roles and scope of key risk, compliance and control functions

Objectives :

  • Understand the role and responsibilities related to the position of director
  • Control the scope and role of key risk and control functions and reporting to the supervisory body

Program :


  • Study and scope of the regulation applicable in the banking and financial areas


  • Regulatory framework and main international authorities
    • Basel Committee / IOSCO / IAIS / Joint Forum / Financial stability forum: origin, organisation and missions
  • The European regulatory framework
    • The main European authorities, organisation and missions: EBA, EIOPA, ESMA, ECB
    • Implementation mechanisms of directives and regulations
  • The French regulatory framework
    • The different supervisory authorities
    • The types of regulated institutions
    • Focus on the role and missions of AMF
    • Focus on the role and missions of ACPR


  • Role and responsibilities of directors and effective officers


  • Monetary and Financial Code
  • Decision of 3rd November 2014
  • ECB Guide to Directors’ Competencies
  • EBA guidance on internal governance and the skills of key managers and functions
  • The specialized committees of the Board:
    • Risk Committee
    • Compensation Committee
    • Appointments Committee
    • Audit Committee
    • Decisions to be taken by the Board, reports to be sent to the Board of Directors and Supervisory Board and to the specialized committees of the Board.


  • Control and risk functions (key functions):


Roles and scope of:

  • The compliance function
  • The permanent control function
  • The risk function
  • The periodic inspection function
  • The AML TF manager
  • The Information Systems Security Officer


  • Major risk monitoring and control obligations
  • Risks to be covered in institutions subject to the decree of 3 November:


  • Definition (credit risk/counterparty, liquidity, overall interest rate, intermediation…)
  • Main risk control systems


  • Regulatory reporting



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