Certified Risk Management Specialist - Russia Sanctions

Certified Risk Management Specialist – Russia Sanctions (CRMS-RS)

The evolving global sanctions campaign against Russia in response to its 2022 invasion of Ukraine has been unprecedented in its complexity, speed, and impact. As this global campaign continues to evolve, jurisdictional authorities, financial institutions, professional service providers and other vulnerable industries around the world must understand sanctions against Russia in order to meet elevated compliance and risk management expectations, protect their reputations, and safeguard our collective security.

Our Unique Program

Equipping candidates with the expertise, skills, and judgment they need to identify, assess, and manage ongoing and emerging risks associated with sanctions against Russia

To better understand and address these regulations and risks, DOLFIN, K2 Integrity and the U.S. Department of State developed the CRMS-RS Program and have delivered it to public and private sector audiences around the world.

Benefits

Acquire the knowledge, skills, and judgment needed to implement sanctions against Russia and help protect and advance business operations as well as collective security interests.

Industry Professionals

Understand the types of sanctions the United States (U.S.), European Union (EU), the United Kingdom (UK), and other authorities are imposing against Russia—and why.
Grasp how jurisdictional authorities, financial institutions, and other private sector and non-profit sector organizations will implement, oversee, and enforce these sanctions—and the challenges they will encounter in doing so.
Learn the specific ways in which sanctioned Russian entities typically attempt to evade sanctions or avoid prohibitions on specified activities—and specific strategies to mitigate sanctions evasion.
Understand the important role CRMS-RS participants play in facilitating international cooperation and security in this new era of unprecedented sanctions against Russia.

Financial Institutions

Jurisdictional Authorities

Identify risks related to global sanctions programs and those of jurisdictions with global reach (e.g., UN, U.S., EU, UK)
Understand the exposure of jurisdictions, regulated entities, and institutions to sanctions-related risks from global, foreign, and domestic sources
Best practices for jurisdictions and corporates in implementing the sanctions
Sanctions evasion techniques and effective countermeasures
Manage sanctions-related risks and exposure from programmatic and case-specific perspectives

Program Overview and Materials

CRMS-RS candidates will receive exclusive, dynamic, and engaging training content to develop knowledge, apply expertise to real-world sanctions scenarios, and prepare for the required certification examination.

CRMS–RS e-Learning Plan (ELP)
A self-paced learning path that serves as the main study guide for the program. The ELP guides candidates through a curated curriculum comprised of reading, instructional videos as well as knowledge checks and practice quizzes embedded throughout.
Sanctions Analytic Framework
A rigorous, proprietary method for identifying, assessing, and managing sanctions risks, in the form of an interactive module. The framework provides a step-by-step guide that can be applied to any potential customer, deal, or transaction to analyze and mitigate sanctions-related risks, including those related to sanctions programs against Russia implemented by the U.S., EU, UK, and other authorities.
Scenario-Based Training Exercises
Fact pattern scenarios and transaction alert exercises that allow candidates to practice applying the Sanctions Analytic Framework to hypothetical situations—based on real-world scenarios that participants are likely to encounter in undertaking their professional duties.
Full DOLFIN Access
Participants will continue their sanctions learning after the training with access to expertly curated resources and up-to-date information on evolving Russia-related sanctions on DOLFIN.

“The CRMS-GS certification program delivered on the value promised. Its biggest differentiator is that it was developed by the world’s top sanctions and financial crime compliance experts. After completing the program, our certified employees are now more efficient and effective in decreasing unwarranted escalations of transactions and assessing and managing global sanctions risks faced by our bank. They are well equipped and also have greater sense of purpose and professional satisfaction.”

Michael Matossian EVP and Global Head of Group Regulatory Compliance at Arab Bank Group

Customization and Specialization Upgrades

The Institute for Financial Integrity can deliver customized training programs for both the part-time and full-time instructor-led options. We can also add specialized content to the existing curriculum to help candidates develop a specific skillset. For questions or to set up a call to learn more about our program and how we can tailor it to meet the needs of your organization, please fill out the form below.