Mastering Product Governance: A Step-by-Step Guide to Ensuring Comprehensive Risk Management and Compliance
This comprehensive course is designed to provide participants with a thorough understanding of product governance and its importance in ensuring comprehensive risk management and compliance. Upon completion of this course, participants will receive a certificate issued by The Art of Service.Chapter 1: Introduction to Product Governance 1.1 What is Product Governance?
- Definition of Product Governance: Understanding the concept of product governance and its significance in the financial industry.
- Key Principles of Product Governance: Examining the fundamental principles of product governance, including risk management, compliance, and customer protection.
1.2 Importance of Product Governance
- Risk Management: Understanding the role of product governance in managing risks associated with financial products.
- Compliance with Regulations: Examining the importance of product governance in ensuring compliance with regulatory requirements.
- Customer Protection: Discussing the role of product governance in protecting customers from financial harm.
1.1 What is Product Governance?
- Definition of Product Governance: Understanding the concept of product governance and its significance in the financial industry.
- Key Principles of Product Governance: Examining the fundamental principles of product governance, including risk management, compliance, and customer protection.
1.2 Importance of Product Governance
- Risk Management: Understanding the role of product governance in managing risks associated with financial products.
- Compliance with Regulations: Examining the importance of product governance in ensuring compliance with regulatory requirements.
- Customer Protection: Discussing the role of product governance in protecting customers from financial harm.
Chapter 2: Product Governance Framework 2.1 Product Governance Structure
- Roles and Responsibilities: Understanding the roles and responsibilities of various stakeholders in the product governance framework.
- Product Governance Committees: Examining the role of product governance committees in overseeing the product governance process.
2.2 Product Governance Processes
- Product Development Process: Understanding the product development process and its significance in product governance.
- Product Review and Approval Process: Examining the product review and approval process and its importance in ensuring compliance.
2.1 Product Governance Structure
- Roles and Responsibilities: Understanding the roles and responsibilities of various stakeholders in the product governance framework.
- Product Governance Committees: Examining the role of product governance committees in overseeing the product governance process.
2.2 Product Governance Processes
- Product Development Process: Understanding the product development process and its significance in product governance.
- Product Review and Approval Process: Examining the product review and approval process and its importance in ensuring compliance.
Chapter 3: Risk Management in Product Governance 3.1 Risk Management Framework
- Risk Identification: Understanding the process of identifying risks associated with financial products.
- Risk Assessment: Examining the process of assessing risks associated with financial products.
- Risk Mitigation: Discussing the strategies for mitigating risks associated with financial products.
3.2 Risk Management Tools and Techniques
- Risk Management Models: Understanding the various risk management models used in the financial industry.
- Sensitivity Analysis: Examining the use of sensitivity analysis in risk management.
- Scenario Analysis: Discussing the use of scenario analysis in risk management.
3.1 Risk Management Framework
- Risk Identification: Understanding the process of identifying risks associated with financial products.
- Risk Assessment: Examining the process of assessing risks associated with financial products.
- Risk Mitigation: Discussing the strategies for mitigating risks associated with financial products.
3.2 Risk Management Tools and Techniques
- Risk Management Models: Understanding the various risk management models used in the financial industry.
- Sensitivity Analysis: Examining the use of sensitivity analysis in risk management.
- Scenario Analysis: Discussing the use of scenario analysis in risk management.
Chapter 4: Compliance in Product Governance 4.1 Regulatory Requirements
- Overview of Regulatory Requirements: Understanding the various regulatory requirements applicable to financial products.
- Key Regulations: Examining the key regulations that impact product governance, such as MiFID II, PRIIPs, and IDD.
4.2 Compliance Framework
- Compliance Policies and Procedures: Understanding the importance of compliance policies and procedures in product governance.
- Compliance Monitoring and Reporting: Examining the role of compliance monitoring and reporting in ensuring compliance.
4.1 Regulatory Requirements
- Overview of Regulatory Requirements: Understanding the various regulatory requirements applicable to financial products.
- Key Regulations: Examining the key regulations that impact product governance, such as MiFID II, PRIIPs, and IDD.
4.2 Compliance Framework
- Compliance Policies and Procedures: Understanding the importance of compliance policies and procedures in product governance.
- Compliance Monitoring and Reporting: Examining the role of compliance monitoring and reporting in ensuring compliance.
Chapter 5: Customer Protection in Product Governance 5.1 Customer Protection Principles
- Treating Customers Fairly: Understanding the principle of treating customers fairly and its significance in product governance.
- Customer Disclosure: Examining the importance of customer disclosure in product governance.
5.2 Customer Protection Tools and Techniques
- Customer Risk Assessment: Understanding the process of assessing customer risk and its significance in product governance.
- Customer Suitability Assessment: Examining the process of assessing customer suitability and its importance in product governance.
5.1 Customer Protection Principles
- Treating Customers Fairly: Understanding the principle of treating customers fairly and its significance in product governance.
- Customer Disclosure: Examining the importance of customer disclosure in product governance.
5.2 Customer Protection Tools and Techniques
- Customer Risk Assessment: Understanding the process of assessing customer risk and its significance in product governance.
- Customer Suitability Assessment: Examining the process of assessing customer suitability and its importance in product governance.
Chapter 6: Product Governance in Practice 6.1 Case Studies
- Product Governance in Asset Management: Examining the application of product governance principles in asset management.
- Product Governance in Banking: Discussing the application of product governance principles in banking.
6.2 Best Practices
- Establishing a Product Governance Framework: Understanding the best practices for establishing a product governance framework.
- Implementing Product Governance Processes: Examining the best practices for implementing product governance processes.
6.1 Case Studies
- Product Governance in Asset Management: Examining the application of product governance principles in asset management.
- Product Governance in Banking: Discussing the application of product governance principles in banking.
6.2 Best Practices
- Establishing a Product Governance Framework: Understanding the best practices for establishing a product governance framework.
- Implementing Product Governance Processes: Examining the best practices for implementing product governance processes.
Chapter 7: Conclusion 7.1 Summary of Key Takeaways
- Product Governance Principles: Summarizing the key principles of product governance.
- Product Governance Framework: Summarizing the key elements of a product governance framework.
7.2 Future of Product Governance
- Emerging Trends: Examining the emerging trends in product governance.
- Future Challenges: Discussing the future challenges in product governance.
7.1 Summary of Key Takeaways
- Product Governance Principles: Summarizing the key principles of product governance.
- Product Governance Framework: Summarizing the key elements of a product governance framework.
7.2 Future of Product Governance
- Emerging Trends: Examining the emerging trends in product governance.
- Future Challenges: Discussing the future challenges in product governance.
Upon completion of this course, participants will receive a certificate issued by The Art of Service.
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