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Executive director Financial company

Executive Director Financial Companies

Professional qualification for the management of an institution within the meaning of the Banking Act and the ZAG


(incl. inspection fee of 220,-€) Plus 19% VAT.
  • With the seminar, you will receive your certificate as proof of your expertise
    (e.g. for submission to BaFin)

  • Rights and duties of the managing director 

  • Audit-proof organisation of the management board

  • Balance sheet knowledge

  • Riskmanagement

Executive Director Financial Comapies – You need these skills. BaFin sets high standards of expertise for managing directors who work in a financial company regulated by the KWG, ZAG or KAGB. BaFin’s assessment covers the professional suitability, reliability and time availability of a managing director. Professional suitability to manage an institution within the meaning of the Banking Act and the ZAG means that a business manager has sufficient theoretical and practical knowledge of the relevant business as well as management experience.

The requirements for the professional suitability of a manager are measured by the size and structure of the institution as well as the type and variety of business conducted by the institution and are assessed on a case-by-case basis.

§ Section 25c (4) KWG requires regular attendance of training courses. The KWG obliges institutions to provide human and financial resources to facilitate the introduction of members of the management to their office and to provide the
and to provide the training necessary to maintain their professional competence.

Induction into office should be timely and support an understanding of the institution’s structure, business model, risk profile and governance arrangements, and the role of individual directors therein, and promote awareness of the benefits of diversity.

BaFin assumes that the institution will identify the need for further training, which can be met through training of the entire body as well as for individual members.

Programm – Day 1

  • 9.15 am – 5.00 pm

    Rights and duties of the executive director
    for financial companies

    Know the most important tasks from the KWG

    • Discussion of the business and risk strategy
    • The most important regulatory key figures

    Liability trap: material risks and deviating deviating risk decisions

    Remuneration systems for managers and employees Design audit-proof

    Self-Assessment Supervisory Board and Executive Board

    • Liability of the Managing Director – Duties and Risks at a Glance
    • The managing director’s contract: which regulations should be
      be made

S+P Tool Box

  • S+P Check: Propriety of the management board
  • S+P Dashboard: Reporting obligations for managing directors and the supervisory board

Executive Director Financial Companies

Day 2

  • 9.15 am – 5.00 pm

    Balance Sheet Knowledge + Risk Management for the Executive Director for financial companies

    The annual financial statement as an information tool

    • The most important provisions of the RechKredV and the HGB for
      financial companies
    • Overview of balance sheet items
    • Valuation regulations for fixed and current assets
    • Targeted scrutiny of sources of income and their changes

    Compliance with banking supervisory regulations

    Wirecard & Co.: New compliance obligations for managing directors

    Minimum requirements for risk management:

    • What duties of care must the managing director and the supervisory board
      have to fulfil?
    • Essential innovations of MaRisk and the EBA guidelines
    • New tasks for the MaRisk functions
Executive director Financial company
Executive director Financial company