Transfer Agency Administration and Oversight Quiz 10

Last Updated: June 2024

Table of Contents

Transfer Agency Administration and Oversight
Element 8
Compliance and Oversight

– Oversight – Three Lines of Defence
On completion, the candidate should:

– understand the principles of the three lines of defence model

– understand the root causes of operational risk events in simple, practical examples:
• incorrect data
• delayed processing and documentary omissions
• regulatory non-compliance
• project mismanagement
• fraud and theft
• unforeseen litigation
• information technology failures

– Compliance
On completion, the candidate should:

– understand the responsibilities and accountabilities of management and staff for

compliance with regulations
– understand how to monitor an individual’s compliance with regulations and internal

policies and procedures
– know the purpose of a compliance monitoring programme
• risk-based
• reporting
• planned

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