GDPR Compliance for Financial Institutions

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Learning Objectives

Knowledge:

Understand the core principles and objectives of GDPR.
Learn about the importance of GDPR in protecting personal data in the digital age.
Grasp the key concepts of data protection, including data minimization, accuracy, and consent.
Familiarize yourself with the compliance obligations, including data processing and data subject rights.
Explore the role of Data Protection Impact Assessments (DPIAs) in identifying and mitigating risks.

Skills:

Implement robust data governance frameworks that align with GDPR requirements.
Conduct risk assessments and perform DPIAs to identify potential data protection risks.
Develop and manage procedures for detecting, reporting, and mitigating data breaches.
Integrate GDPR compliance into business processes, including training, policy development, and establishing data protection roles.
Monitor and audit compliance practices to ensure sustained GDPR adherence.

Target Audience

This course is ideal for data protection officers, compliance managers, IT professionals, legal advisors, and business leaders responsible for ensuring GDPR compliance within their organizations.

Course Curiculum

Course Outline: GDPR Compliance Strategies

Module 1: Introduction to GDPR

Overview of GDPR objectives and scope
Key terms and definitions
Importance of GDPR for protecting personal data in the digital age

Module 2: Principles of Data Protection

Core principles of GDPR: Data minimization, accuracy, and consent
Understanding and respecting individuals’ rights under GDPR
Legal bases for data processing and their application

Module 3: GDPR Compliance Requirements

Insights into the compliance obligations for organizations, particularly financial institutions
Detailed exploration of data processing requirements
Understanding and fulfilling data subject rights (access, rectification, erasure, portability)
Conducting Data Protection Impact Assessments (DPIAs)

Module 4: Data Governance and Management

Strategies for establishing robust data governance frameworks that align with GDPR
Techniques for data mapping, classification, and secure data processing
Best practices for data storage, retention, and disposal

Module 5: Risk Assessment and Mitigation

How to conduct thorough DPIAs to identify and mitigate risks associated with personal data processing
Implementing risk management strategies to ensure data protection
Addressing potential vulnerabilities and mitigating them effectively

Module 6: Breach Notification and Management

GDPR requirements for breach notification and timelines
Procedures for detecting, reporting, and managing data breaches
Developing an effective incident response plan
Case studies on breach management and lessons learned

Module 7: Implementing and Sustaining GDPR Compliance

Practical steps for integrating GDPR compliance into business processes
Developing GDPR-compliant policies and procedures
Training staff and promoting a culture of data protection within the organization
Establishing and empowering data protection roles (e.g., Data Protection Officer)

Module 8: Monitoring and Auditing Compliance

Techniques for ongoing monitoring and auditing of data protection practices
Regularly updating policies and procedures to reflect changes in regulations and business practices
Ensuring sustained compliance with GDPR over time

Module 9: Case Studies and Best Practices

Analysis of real-world GDPR compliance challenges and successes
Drawing lessons from case studies on best practices and common pitfalls to avoid
Insights into improving data protection and privacy practices to enhance organizational reputation and trust

Module 10: Summary and Q&A

Recap of key learnings from the course
Open Q&A session to address specific challenges and scenarios faced by participants
Final thoughts and guidance on sustaining GDPR compliance in the long term

GDPR Compliance for Financial Institutions

Location: Live Online Training

Initial Price: ~~€220~~

Funding Information: HRDA funds up to 80% of the course fees. Therefore, your company will only pay the amount: €80 *No VAT is charged as SCP’s Funded courses are excluded from it.

Individual (Non-funded)

For a person not eligible for the subsidy, we offer a discounted price of €150(installments accepted x2 or x 3).

Questions? Contact us 70008828 or 96828323

Duration: 7 hours (7 CPDs)

+ Online participation in all modules of first-class training
+ Module recordings in your personal account (6 months access)
+ Personal Certificate at the end of the course

Enroll Now

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