Professional mentoring program for seconded members and executives in consumer finance

Professional mentoring program for seconded members and executives in consumer finance provides comprehensive coverage of the main and essential aspects of a strategic and professional nature, which appointed members and executives in consumer finance companies and service providers must be familiar with and handle efficiently in their daily operations. The program relies on a participatory approach to dialog management, supported by practical case studies and lessons learned from historical events and ongoing developments in the industry’s trajectory at the national level.

Objectives of Professional mentoring program for seconded members and executives in consumer finance

• Providing participants with priority legislative and regulatory matters in the practice of the activity.
• Providing participants with methodologies for the professional application of corporate governance in consumer finance institutions.
• Enhancing participants’ perspectives on professional issues with strategic implications for the sustainability of the industry.

Target groups of the program

Candidates or job holders:

Managing Director.
The executives.
In consumer finance companies and consumer finance providers.

Key topics of the training program

The legislative framework regulating the practice of consumer finance activities

• Law No. 18 of 2020 and its amendments
• Customer Protection Principles Guide
• The laws complementing the requirements for engaging in consumer finance activities
• An analytical view of the market

The regulatory rules and decisions governing consumer finance activities

• The basic rules for conducting the activity
• The newly introduced regulatory rules in the practice of consumer finance activity

A look at the governance of consumer finance institutions

• Foundations and mechanisms for implementing governance
• The institutional structure of consumer finance entities
• The role of the board of directors and its committees
• The duties of the Managing Director/Activity Manager and key functions
• The internal regulatory environment for consumer finance entities

The internal regulatory environment for consumer finance entities

• The internal control environment system in the institution
• The role of the internal control department in enhancing governance
• The role of the internal audit unit in enhancing governance
• The role of risk management in enhancing governance

The most pressing issues in the local consumer finance industry

• Responsible financing
• Liquidity risks
• Contract, transparency, and disclosure issues
• Risks of digital applications

Training duration

8 training hours