KPMG delivers Waqf Fund’s ‘Compliance Head Grooming programme’
TDT | Manama
The Daily Tribune – www.newsofbahrain.com
KPMG in Bahrain, in support of the Central Bank of Bahrain’s (CBB) Waqf Fund, delivered a training programme to the senior compliance officers of Bahraini banks.
The programme was a unique bespoke one custom-built to support and enhance the learning curve of Compliance Leaders within Islamic Banks and Islamic Financial Institutions in the Kingdom of Bahrain.
It provided compliance leaders with a combination of theoretical and practical solutions leveraging off global, regional and national best practices within the Financial Services sector as a whole.
The 10-day intensive programme covered thematic approach towards a range of technical topics relevant to the role of the Chief Compliance Officer within Financial Institutions.
It also highlighted some of the future trends and expectations from the industry at a global, regional and national level to support the growth of the participating leaders within their organizations.
Jeyapriya Partiban, Partner and Head of Advisory at KPMG in Bahrain, said, “The Financial Services industry has been evolving quite rapidly post-pandemic, and the number of new regulations and laws that have been issued along with the amendment of prevalent laws has been quite significant.
It is critical for Compliance Officers within the marketplace to keep themselves updated to the constantly evolving landscape driven by risks and opportunities.”
“We are focused on developing the human capital in the Kingdom of Bahrain for our member institutions.
The Waqf Fund’s programmes are a true testament to enhancing our leadership skills in the Islamic Finance sector,” stated Khalid Hamad Al-Hamad, Chairman of the Waqf Fund and Executive Director Banking Supervision at the CBB.
The programme featured keynote and guest speakers including subject matter experts and compliance professionals from Bahrain and UAE including Lamees Al Baharna; Waheed Rathore, Group Chief Compliance Officer, Dubai Islamic Bank (DIB); Eduardo Rangel, Chief Compliance Officer, Abu Dhabi Islamic Bank (ADIB); and Dr. Sunando Roy, Advisor-Inspection, The Central Bank of Bahrain (CBB). The ten-day programme covered key topics including Governance and Culture; Risk Assessments; People, Skills and Due Diligence; Technology and Data; Monitoring and Testing; Reporting; Issues Management and Investigations; and Communications and Training to be able to provide all the leaders with a holistic learning curriculum.
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