A training course powered by Academy - Projective Group 

The rapid growth in the number of AI applications within financial institutions calls for compliance professionals who have a sound basic understanding of what AI entails, the opportunities it offers and the risks associated with it.
The EU AI Act imposes a number of compliance-related requirements on providers and users of AI. These requirements are most stringent for high-risk AI systems, such as those used for creditworthiness assessments.
The compliance function plays a key role in monitoring compliance with these requirements, even though the EU AI Act does not explicitly mention the compliance function. This course covers the various aspects that the compliance function will need to address in this regard.

Target audience
This e-learning course is relevant for all compliance professionals involved in monitoring compliance with the rules governing the use of AI within an organisation.

Learning objectives
After completing this course, you will be able to:
• Explain what artificial intelligence (AI) is and how it is applied in a business context;
• Describe roles in AI and their responsibilities;
• Identify the basic principles of GenAI;
• Mitigate the risks of AI and avoid common pitfalls;
• Identify the risks associated with the use of AI in the operations of financial institutions;
• Determine at which stage of AI implementation certain risks arise;
• Explain how AI could be applied in the work of the compliance professional and what the potential advantages and disadvantages (integrity risks) of this are;
• Distinguish between the different categories of AI as defined by the EU AI Act and identify the requirements for high-risk AI systems;
• Describe the requirements under the EU AI Act that the compliance function is responsible for monitoring;
• Describe the content and application of the FRIA and the ALTAI;
• Describe what AI monitoring needs to be put in place and which risks can be managed as a result.

Structure
Baseline assessment. The baseline assessment gives you an initial impression of what you already know about the theory and is representative of the final test.

Theory - General theory:
• General introduction to AI
• Introduction to Generative AI
• Limitations, risks and pitfalls
• AI in a corporate context
• Compliance and AI:
• Application of AI in compliance
• Regulations
• Trustworthy AI
• Requirements for the compliance function
• FRIA and ALTAI
• Monitoring and managing risks

Test
You will complete this course with a test in the learning environment. Any resits can also be taken in the learning environment.

Certificate
If you pass the test, you can download the certificate directly from the learning environment.

Study load
The AI and compliance course can be taken via our online learning environment, wherever and whenever it suits you. The e-learning course takes an average of 3 hours to complete, depending on your prior knowledge.

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