"Segregation of client funds: Automating reconciliations with MRS"

STUDY MODE

LIVE

LANGUAGE

English

Course Overview

Dates and Cost

Exact dates and Hours will be announced soon.
Reserve your spot now to stay informed when the schedule is confirmed!

Cost: €200 | Subsidy: €120 | Final Cost: €80
Funding Information: This seminar has been approved by HRDA, therefore, companies will only pay the amount of €80. The seminars that have been approved by the HRDA are exempt from VAT.

Unemployed People: Persons who are registered as unemployed are allowed to participate in two free seminars every year by submiting the relevant permit from the Public Employment Service office.

Individual (Non-Funded): A 19% VAT will apply to seminars and participants who do not qualify for the HRDA subsidy.

***For over 5 registrations please contact us.

Aim

The aim of the seminar "Segregation of Client Funds: Automatic Reconciliations with MRS" is to educate financial professionals about the importance of segregating client funds for regulatory compliance and risk management. Additionally, the seminar aims to demonstrate how Methodos Reconciliation Systems (MRS) can automate the reconciliation process, thereby enhancing efficiency, transparency, and accuracy in handling client funds.

Course Objective

Knowledge Level:

Describe the regulatory requirements and obligations associated with segregating client funds in financial operations.
Distinguish between Client and non-client funds.
Summarize best practices for establishing robust internal controls and procedures to ensure proper segregation of client funds .
Explain the definition and use of TTCA and Buffer amounts.
Explore the role of technology, specifically Methodos Reconciliation Systems (MRS), in automating the reconciliation process.
Identify important parts of legislation framework.
Evaluate the risks and consequences of non-compliance with client fund segregation requirements.

Skills Level:

Develop practical insights into the functionalities and features of MRS for efficient and accurate fund reconciliation.
Demonstrate how MRS can streamline processes, reduce manual errors, and enhance operational efficiency in reconciling client funds.
Utilize data mapping techniques and reconciliation workflows to ensure accurate fund reconciliation.
Acquire practical skills in identifying and addressing risks associated with client fund segregation
Obtain technical skills in implementing and configuring MRS for automatic reconciliations.

Attitudes Level:

Cultivate a proactive attitude towards risk management and compliance in handling client funds.
Εmbrace continuous learning and improvement in the field of client fund segregation and reconciliation.
Adopt a proactive approach of Modern Reconciliation Systems (MRS) and their role in automating reconciliation processes.

Participant’s Profile

Accountants, Financial Advisors, Compliance Officers, CEOs and CFOs of Companies Handling Client Fund, Regulatory Compliance Officers, Auditors, Individuals or Entities Interested in Learning About Fund Safeguarding, Individuals working on client funds reconciliations, Individuals interested in working in the financial service (FOREX) industry in the position of a reconciliation officer.

Topics

Introduction to seminar
Basic Terminology
Regulatory Requirements
Reconciliation of Client Funds
Automation of Reconciliations with MRS (Methodos Reconciliation System)

Training method

This course takes place through interactive classroom sessions held at Trusted Academy's facilities.

Trainer

Antonis Antoniades

CEO

Holding a Bachelor's Degree in Accounting and Finance from Middlesex University, and being a Fellow member of the Association of Chartered Certified Accountants (FCCA), as well as a Member of the Institute of Certified Public Accountants of Cyprus (ICPAC), I have spent over 15 years in the financial sector. My career began in KPMG-Cyprus and then I joined Amdocs, a multinational corporation listed in NSE, specializing in software and telecommunication services, serving as a director and finance manager for 5 years. For the past 15 years, I have been working in executive positions in some of the biggest investment firms globally, with his latest role being that of a Director and Group Chief Financial Officer of London Capital Group! In 2019, created my own company, Trusted Solutions. The company's aim has been to assist companies in the industry to automate their procedures regarding client funds reconciliation using our solution Methodos Reconciliation System. In addition, Trusted Solutions is offering business training, workshops, and seminars for professionals in the industry or other related sectors.

Certificate