ESG for Banks: Expectations and Challenges

ESG for Banks: Expectations and Challenges

This course can be delivered to your organisation as part of our bespoke Corporate Training Solutions, at your own time and your own convenience. Contact us on kla@kpmg.com.mt or call us on +356 2563 6363 or on +356 9963 6363 for more information on how we can take care of your organisation’s training needs.

Course Description:

The regulatory climate for banks is changing at a rapid pace. The proposed Corporate Sustainability Reporting Directive is expected to require all large or listed companies to report on sustainability metrics. In addition, the Capital Requirements Directive V now requires large and listed banks to disclose their Environmental, Social and Governance (ESG) risks. These reporting requirements, applicable from 2022, include detailed reporting obligations on climate-related and environmental risks.

But how prepared is your bank in meeting these regulatory expectations? What challenges is your bank facing right now in light of a rapidly evolving regulatory climate and the ensuing obligations in terms of data collection? How can your bank meet the MFSA’s expectations in terms of its risk management framework?

KPMG Malta can provide training to help you meet your ESG-related obligations. Our training portfolio is based on European Banking requirements, including the EU Regulatory Framework, and industry-specific regulations.

Target Audience:

The session is aimed for individuals working in the Banking industry.

Topics:

To view the array of ESG-related topics, kindly access this training brochure.

Learning Outcomes:

Overview of ESG requirements for banks.

CPE Hours: This course qualifies for 1.5 hours of Structured CPE which can be classified as Professional Competency. A certificate of attendance will be provided at the end of each session.

Trainers:

Rachel Decelis, Senior Manager, Environmental, Social & Governance (ESG), KPMG in Malta

Rachel Decelis

Rachel is a chemist and chartered environmentalist, having 16 years’ experience in the environmental sector. She joined KPMG in 2022 as Environmental, Social & Governance (ESG) lead, after having worked in both the environmental consultancy and regulatory sectors. Throughout her career, Rachel has worked with Government entities and companies in various sectors, including in construction, waste management, energy, and manufacturing. Her specialisations include environmental permitting, reporting, and auditing, as well as air quality monitoring and impact assessment. Rachel is also a skilled trainer and communicator, having lectured at various levels in academic settings, and published articles online and in print.

At KPMG, Rachel supports various teams in developing, delivering and improving ESG services to clients, including by providing technical input and specialist advice. She also conducts internal and external training on ESG, and acts as ESG champion for the firm.

Alex Azzopardi, Director, Advisory Services, KPMG in Malta

Alex Azzopardi

Alex is a Director, Risk Consulting Advisory, KPMG in Malta, and leads the Internal Audit Risk & Compliance Services (IARCS) business line of the KPMG Islands Group sub-region within the network. Alex, an accountant by profession with 15 years of experience, has managed and led various AML-related advisory engagements over the past years. The AML/CFT Advisory offering includes a full suite of services in the field: reviews of policies and procedures, testing of AML-related procedures and gap analyses. Alex leads a team of highly-specialised professionals with experience across the spectrum of subject persons and relevant activities. Alex also provides compliance-related training sessions, including AML/CFT. He is the current Chairman of the Malta Forum for Internal Auditors.

Ilenia Diacono, Senior Manager, Risk Consulting Advisory Services, KPMG in Malta

Ilenia Diacono

Ilenia is an accountant by profession, she holds a Masters degree in Accountancy and a Bachelor of Commerce Degree, specialising in Accountancy and Banking & Finance, from the University of Malta. She also holds a diploma in Enterprise Risk Management from the Institute of Risk Management, UK. Ilenia is currently a Senior Manager within the Risk Consulting Advisory Services Team at KPMG Malta. She holds in excess of 8 years of experience in banking and payment services with particular focus on risk and compliance advisory services. She manages a number of regulatory related projects to clients operating within the Banking and Financial Services industry. She assists a number of Banks and Financial Institutions in developing/enhancing their Enterprise Wide Risk Management Framework and specific risk assessments. Additionally, she assists Institutions with enhancing their Compliance Frameworks, developing their Compliance Registers, developing internal compliance reports and reviewing policies and procedures in line with applicable laws and regulations and industry best practice. She is also heavily involved in the licensing process of banks and financial institutions who are looking to establish, restructure or grow their operations in Malta. She has also been regularly involved in providing training on regulatory topics to local banks and financial institutions.

Deborah Cassar, Associate Director, AML, Risk Consulting Advisory Services, KPMG in Malta

Deborah Cassar

Deborah, Associate Director in AML within the Risk Consulting Advisory Services at KPMG Malta, has over 10 years’ experience within the Financial Services sector with foreign and local entities and over 12 years’ experience within the AML/CFT field. Deborah graduated in the Bachelor of Commerce Degree in Banking & Finance and Management from the University of Malta and obtained certifications in Anti‐Money Laundering, Sanction Compliance, Regulatory and Financial Crime Compliance in collaboration with the International Compliance Association (ICA). In 2017, she has obtained an international golden standard specialisation with ACAMS as a recognised and Certified Anti‐Money Laundering Specialist (CAMS) and in 2021, she obtained an Advanced CAMS specialisation in Risk Management (CAMS‐RM). Deborah is an active member with the Association of Certified Anti‐Money Laundering Specialists (ACAMS) and is a Co‐Founder and Co Chair of the ACAMS Malta Chapter.

Deborah has gained knowledge and expertise in Transactions Monitoring, Suspicious Reporting, Analysis and Investigations, AML Advisory, Client Sanctions Screening, Anti‐Bribery & Corruption, Regulatory Compliance, AML/CFT Training, and other areas within Financial Crime Compliance. Before joining KPMG, she worked for over 2 years with the Financial Intelligence Analysis Unit (FIAU) as a Compliance Officer within the Unit’s Compliance Section. She has extensive experience in carrying out Compliance on‐site and off‐site examinations with the different subject persons; reviewed, assessed and evaluated inspection reports and implemented any necessary corrective measures and procedures; represented the FIAU in EU and Moneyval working groups and committees in the domestic and foreign fora; developed sectoral guidance for the financial and non‐financial sectors; and advised and assisted subject persons to establishing appropriate AML/CFT internal structures and controls.

At KPMG, Deborah works extensively in the areas of Anti‐Money Laundering Compliance. She has managed AML projects locally and assisted entities to comply with regulatory obligations specifically on AML/CFT. These projects include assisting with the drafting and/or review of policies and procedures, training, review of processes, GAP analysis, Customer Risk Assessments and Business Risk Assessments. Deborah also participates in delivering AML/CFT presentations in KPMG’s AML Roundtables.

Marc Rizzo, Data & Analytics Lead, KPMG Digital Solutions

Marc is the Data & Analytics Lead at KPMG Malta. He has extensive experience handling and manipulating data in support of decision-making. With a focus on extracting value from data, he has a strong background in the use of analytics tools and techniques to generate insights.

Marc has supported leadership in mapping, reviewing, and digitising systems of their insurance, manufacturing, banking, and tourism undertakings. The objective being that of improving planning and information flows in their respective businesses.

Prior to his current role, Marc has worked extensively in a regulated environment, analysing and combining data from various sources in support of filings.

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Terms and conditions.

Course Features

  • Guided Learning 1.5 hours
  • Language English
  • Assessments
Rachel Decelis

Senior Manager

Rachel is a chemist and chartered environmentalist, having 16 years’ experience in sustainability. She joined KPMG in 2022 as Environmental, Social & Governance (ESG) lead, after having worked in both the environmental consultancy and regulatory sectors. Throughout her career, Rachel has worked with Government entities and companies in various sectors, including in construction, waste management, energy, and manufacturing. Her specialisations include climate change, environmental permitting, reporting, and auditing, as well as air quality monitoring and impact assessment. Rachel is also a skilled trainer and communicator, having lectured at various levels in academic settings, and published articles online and in print. At KPMG in Malta, Rachel leads the ESG function. She leads ESG projects and supports various teams in developing and delivering ESG services to clients, including by providing technical input and specialist advice. She also conducts internal and external training on ESG, and acts as ESG champion for the firm. Rachel also forms part of KPMG’s global ESG specialist resources and is the Climate and Net Zero lead for a sub-region of KPMG across Europe, the Middle East, and Africa.
Alex is a Partner, Risk Consulting Advisory, KPMG in Malta and is an accountant by profession with 15 years of experience. He has managed and led various AML-related advisory engagements over the past years. The AML/CFT Advisory offering includes a full suite of services in the field: reviews of policies and procedures, testing of AML-related procedures and gap analyses. Alex leads a team of highly-specialised professionals with experience across the spectrum of subject persons and relevant activities. Alex also provides compliance-related training sessions, including AML/CFT. He is the current Chairman of the Malta Forum for Internal Auditors.

Senior Manager

Ilenia is an accountant by profession, she holds a Masters degree in Accountancy and a Bachelor of Commerce Degree, specialising in Accountancy and Banking & Finance, from the University of Malta. She also holds a diploma in Enterprise Risk Management from the Institute of Risk Management, UK. Ilenia is currently a Senior Manager within the Risk Consulting Advisory Services Team at KPMG Malta. She holds in excess of 8 years of experience in banking and payment services with particular focus on risk and compliance advisory services. She manages a number of regulatory related projects to clients operating within the Banking and Financial Services industry. She assists a number of Banks and Financial Institutions in developing/enhancing their Enterprise Wide Risk Management Framework and specific risk assessments. Additionally, she assists Institutions with enhancing their Compliance Frameworks, developing their Compliance Registers, developing internal compliance reports and reviewing policies and procedures in line with applicable laws and regulations and industry best practice. She is also heavily involved in the licensing process of banks and financial institutions who are looking to establish, restructure or grow their operations in Malta. She has also been regularly involved in providing training on regulatory topics to local banks and financial institutions.

Associate Director

Deborah is an Associate Director in AML within the Risk Consulting Advisory Services team at KPMG in Malta. She graduated with a Bachelor of Commerce Degree in Banking & Finance and Management, from the University of Malta. She has over 10 years’ experience within the Financial Services sector and over 13 years' experience in the AML/CFT field. Before joining KPMG, Deborah worked for over 2 years with the Financial Intelligence Analysis Unit (FIAU). She has extensive experience in carrying out Compliance on-site and off-site examinations with subject persons; advising and assisting subject persons in establishing appropriate AML/CFT internal structures and controls. She obtained an international golden standard specialisation with ACAMS as a recognised and certified Anti-Money Laundering Specialist (CAMS) and also completed the Advanced CAMS in Risk Management (CAMS-RM). Deborah is a Co-Founder and Co-Chair of the ACAMS Malta Chapter. At KPMG, Deborah works extensively in the areas of AML Compliance. She has managed both local and foreign AML projects and assisted entities to comply with regulatory obligations specifically on AML/CFT. These projects include assisting with the drafting and/or review of policies and procedures, training, review of processes, GAP analysis, independent AML audits, Customer Risk Assessments and Business Risk Assessments.

Data & Analytics Lead

Marc is the Data & Analytics Lead at KPMG Malta. He has extensive experience handling and manipulating data in support of decision-making. With a focus on extracting value from data, he has a strong background in the use of analytics tools and techniques to generate insights. Marc has supported leadership in mapping, reviewing, and digitising systems of their insurance, manufacturing, banking, and tourism undertakings. The objective being that of improving planning and information flows in their respective businesses. Prior to his current role, Marc has worked extensively in a regulated environment, analysing and combining data from various sources in support of filings.