Compliance Training Management
Compliance Training is an important part of the effort to ensure enterprise-wide compliance in financial services institutions. Regulators have deemed ongoing training and certification of critical personnel essential to ensuring successful governance and to producing robust products and services. Moreover, they are looking for documented proof that training is a continuous and integrated program rather than a one-time event. Training is necessary to ensure staff follows policies and procedures while control of training processes is vital to ensure that training is both up-to-date and is actually being delivered to the appropriate staff.
QUMAS effectively manages the training process, integrating it with other processes critical to regulatory compliance:
Benefits
- Standardizes training processes across the organization
- Automates the routing and delivery of training tasks as well as recording of delivery and capture of electronic signatures
- Provides a secure, centralized, and Web-based repository for storage and maintenance of all training-related documents.
- Links training to other key processes such as interpretation of new laws & regulations, management of policies and procedures and monitoring and control
- Assures new staffers and those changing roles are fully trained with programs managed to completion
- Automates reminders for staff when new training is available or re-training is due
- Provides a clear view of employee training status by groups and roles, outcomes, and dates trained
- Links to existing training application for streamlined communications and management