Board: Effective ICS Governance

This course provides Swiss private bank Board members with a comprehensive overview of Internal Control System (ICS) governance aligned with FINMA expectations and fiduciary standards. Through real-world scenarios and authoritative guidance, it covers the core responsibilities of Board-level oversight, including interpreting key ICS data, challenging management effectively, and identifying early indicators of governance failures to maintain robust institutional controls.

This course covers:
– Understanding the ICS: Foundation and board relevance
– The regulatory framework: FINMA’s Board-level expectations
– The three lines of defence: Structure, independence and failure modes
– Board oversight in Practice: Responsibilities, boundaries and effective challenge
– Key risk areas in Swiss private banking: Oversight and scenarios
– Interpreting the ICS Dashboard: Metrics, trends and board-level inquiry
– Governance failures: Patterns, red flags and lessons from the board