BCBS 239 Management Body Training

The Bilbao Effect – Discover what the construction of one of Europe’s most influential buildings can teach us about building effective RDARR compliance.

About the Course

Effective risk data aggregation and risk reporting (RDARR) have become a priority for the European banking industry. Importantly, the European Central Bank requires individual members of a bank’s management body to undertake regular training to ensure a sound understanding of data management and IT risks as well as the ability to assess both the business and its potential operational impacts.

Monocle has developed curated training specifically designed for the management bodies of European banks. Delivered by Monocle’s seasoned BCBS 239 implementation experts and framed around the remarkable construction story of the Guggenheim Museum in Bilbao, Spain, this training is designed to provide a memorable and impactful learning experience.

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Learning Objectives

Understand the management body’s RDARR responsibilities across key themes:

Prioritisation
Automation
Coordination
Evidence

Explore how management can drive BCBS 239 compliance.

Examine the ECB’s seven key considerations.

Review Europe’s BCBS 239 history and key upcoming milestones.

Complete practical case studies and quizzes.

Monocle is a certified member of CPD, an international training accreditation body with a track record of over nearly 30 years of training expertise across 100 countries.

Key Considerations

Who Should Attend:

This course is specifically designed for members of a bank’s management board (executive and supervisory) to address the ECB’s Guide on Effective RDARR, 3.1 requirements (responsibilities of the management body).

Logistics:

The training is set up to be conducted in person at an agreed-upon location (preferably the headquarters of the bank). However, remote training is an option if required.

Duration:

The actual training is designed for a 2-hour in-person session, along with virtual pre- and post-session support

Costing:

Course prices will be evaluated on an individual basis to account for venue and logistics variables.

Course Facilitators:

The course will be presented by one of our senior EU-based Partners who are also one of our BCBS 239 subject matter experts.