Wealth Management, Private Banking & Compliance Introduction

What you'll learn
Introduction to Wealth Management
Introduction to Private Banking
Introduction to Compliance
Parties involved to GWM
Regulation and Business needs
Requirements
For a better learning experience, we suggest you to use a laptop / mobile phone / pen and paper for taking notes, highlighting important points, and making summaries to reinforce your learning.
Description
Welcome to course Wealth Management, Private Banking & Compliance Introduction by MTF InstituteMTF is the global educational and research institute with HQ at Lisbon, Portugal, focused on higher & professional hybrid (on-campus and online) education at areas: Business & Administration, Science & Technology, Banking & Finance. MTF R&D center focused on research activities at areas: Artificial Intelligence, Machine Learning, Data Science, Big Data, WEB3, Blockchain, Cryptocurrency & Digital Assets, Metaverses, Digital Transformation, Fintech, Electronic Commerce, Internet of Things. MTF is the official partner of: IBM, Intel, Microsoft, member of the Portuguese Chamber of Commerce and Industry, and resident of the incubator "The Fintech House of Portugal".MTF is present in 208 countries and has been chosen by more than 360 000 students.Do you want to build a global career at the Wealth Management, Private Banking and Compliance?Join our new course from globally recognized experts: Barbara Gutsch (15+ years of international experience in banking and finance, incl. 7+ years in Swiss private banking as risk and compliance manager) and Olga Margolin (17+ years in Swiss private banking industry, as top executive and business owner, managing international client relationships).You will know about the key processes in Private Banking and Wealth Management, KYC and compliance rules, understand key principles of private banker's work and you will be able to get guidelines for your learning needs and professional path to build a career in global finance.Let's look to introduction module of program and share your needs and ideas for areas of learning.What is Wealth Management, Private Banking, & Compliance?Wealth Management: A comprehensive approach to financial planning and investment management aimed at growing and preserving a client's wealth over time. Wealth managers offer services including:Financial goal settingInvestment portfolio creation and managementTax planningEstate planningRetirement planningRisk managementInsurance analysisPrivate Banking: A division within banks exclusively dedicated to serving high-net-worth individuals (HNWIs). Private banking offers a wider range of personalized services beyond typical retail banking:Customized investment strategiesComplex financial structuringLending and credit servicesPhilanthropy and wealth transfer adviceLifestyle services (like arranging travel or special events)Compliance: The practice of ensuring a company and its employees adhere to all relevant laws, regulations, and industry standards. Financial compliance focuses on:Anti-Money Laundering (AML): Preventing the use of financial systems for illegal activities.Know Your Customer (KYC): Verifying clients' identities and understanding their financial activity.Data Protection & Privacy: Safeguarding sensitive client information.Market Conduct and Investor Protection: Rules aimed at fair and transparent financial markets.Why Learning Wealth Management, Private Banking, & Compliance is ImportantFor Companies:Reduced Risk: Strong compliance programs mitigate legal and financial risks from regulatory fines or reputation damage associated with non-compliance.Enhanced Reputation: Demonstrating commitment to ethical and transparent practices builds trust with clients and regulators.Operational Efficiency: Streamlining processes and aligning with regulations can improve efficiency and reduce costs.Client Attraction: Robust wealth management offerings and focus on client needs attract and retain valuable HNWIs.For Managers:Increased Value: Compliance expertise and understanding of wealth management strategies position managers as trusted advisors to businesses and clients.Competitive Edge: These critical skills open up wider career opportunities within a complex and heavily regulated industry.Enhanced Decision-Making: Knowledge of regulations and best practices guide informed choices, optimizing client outcomes while minimizing risks.Building a Global Career in Wealth Management, Private Banking & ComplianceGlobally in Demand: Financial regulations are complex and constantly evolving, creating a need for skilled professionals in developed and emerging markets.Diverse Opportunities: Roles exist across banks, wealth management firms, regulatory bodies, and consultancies, offering possibilities beyond traditional client-facing positions.Cross-Border Expertise: Understanding the nuances of international regulations and compliance frameworks is essential for navigating global financial markets.
Overview
Section 1: Introduction
Lecture 1 Onboarding to learning process
Section 2: Wealth Management, Private Banking & Compliance Introduction
Lecture 2 Course Introduction
Lecture 3 Welcome to Course
Lecture 4 Introduction to GWM
Lecture 5 2. Parties involved to GWM
Lecture 6 3. Regulation and Business needs
Lecture 7 Conclusion
Section 3: Interactive Part, Next Steps and Answers to Questions
Lecture 8 Interactive Part
Lecture 9 Congratulations with course finishing
No special requirements. A course for anyone who wants to build career in Wealth Management, Private Banking & Compliance

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