Eukleia Training is pleased to announce the release of a new elearning course on Supervisory Responsibilities. This course is aimed at supervisors and team leaders in response to the recent incidences that have caused significant financial and reputational damage to regulated firms, and highlights how the lessons learnt can help current supervisors perform their role more effectively.
The course, which was developed following the well-publicised Adoboli and Kerviel cases, is tailored for supervisors with responsibility for team management. While it focuses on front office situations, it could be adapted to cover other areas within banks and investment firms where effective supervision is essential.
In the press notice announcing that UBS AG had been fined £29.7 million for systems and controls failings that allowed an employee to cause the bank losses of $2.3 billion, the UK regulator included among UBS’ failings:
"…inadequate front office supervision. The supervision arrangements within the Global Synthetic Equities trading division were poorly executed and ineffective."
A number of firms have successfully adapted the generic material to include their own Codes of Conduct and supervision policies, procedures and frameworks, as well as case studies arising from their own experience.
By the end of the course, the learner will have a better understanding of:
- Regulatory expectations of firms and how they translated into expectations of individual supervisors
- The principles of effective supervision
- The importance of following up red flags and escalating issues.
Further information and free trial access to the course is available: Supervisory Responsibilities elearning