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€320
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Non-Executive Directors (NEDs) in Financial Institutions
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Highlights
Delivered Online
3 days
All levels
The EIMF Live Online Learning Experience
Participants will receive access to the recorded sessions of the course.
EIMF subject-matter experts deliver engaging and interactive courses across a broad spectrum of areas, that can be enjoyed in the comfort of your own chosen environment. Read more
Course Overview
This programme is designed to equip Non-Executive Directors (NEDs) in financial institutions with the skills, knowledge, and oversight capabilities needed to effectively fulfil their governance responsibilities. The course covers key regulatory expectations, corporate governance principles, risk management frameworks, and boardroom best practices.
Participants will develop a deeper understanding of their role in providing strategic guidance, ensuring accountability, and safeguarding the financial institutionâs integrity, sustainability, and regulatory compliance.
Through interactive discussions, case studies, and practical examples, the program enhances NEDs' ability to challenge management constructively and make informed decisions in an increasingly complex financial and regulatory environment.
Training Objectives
By the end of this training, participants will be able to:
Understand the role, responsibilities, and legal obligations of Non-Executive Directors in financial institutions.
Strengthen oversight skills related to strategy, risk management, financial performance, and corporate governance.
Interpret and apply regulatory expectations from central banks, supervisors, and financial regulators.
Identify key risk categories including credit, market, operational, liquidity, conduct, and cybersecurity risks.
Provide effective challenge to executive management through informed questioning and evidence-based decision-making.
Oversee internal controls, compliance frameworks, and audit functions to ensure institutional resilience.
Promote ethical leadership, culture, and accountability across the organisation.
Enhance board effectiveness through communication, stakeholder engagement, and decision-making best practices.
Training Outline
Introduction to the Role of Non-Executive Directors
Definition and purpose of Non-Executive Directors
Key characteristics of an effective NED
Distinction between executive and non-executive responsibilities
Fiduciary duties, legal obligations, and accountability
Regulatory & Supervisory Expectations
Overview of regulatory frameworks (Basel standards, AML/CTF, prudential regulations, governance codes)
Role of the board in regulatory compliance
Supervisory assessments and interactions with regulators
Governance expectations from central banks and financial authorities
Corporate Governance in Financial Institutions
Principles of good governance
Board composition, diversity, and independence
Board committees (Audit, Risk, Remuneration, Governance) - roles and responsibilities
Board evaluations and performance reviews
Strategic Oversight & Business Model Understanding
The NED's role in strategy development and approval
Assessing business models, market positioning, and competitive landscape
Oversight of digital transformation, innovation, and fintech partnerships
Evaluating strategic risks and opportunities
Risk Management Oversight
Understanding enterprise risk management (ERM)
Credit, market, liquidity, operational, and compliance risks
Cybersecurity and technology risk
Stress testing, risk appetite frameworks, and capital adequacy
How NEDs challenge management on risk issues
Financial Statements & Performance Oversight
Financial literacy for NEDs
Key financial ratios and performance indicators
Oversight of capital, liquidity, and profitability
Role of internal and external audit
Understanding financial red flags
Culture, Ethics, and Conduct Risk
Tone at the top and cultural leadership
Managing conflicts of interest
Oversight of conduct risk and customer protection
Supporting an ethical, transparent, and compliant culture
Board Dynamics & Effective Decision-Making
Constructive challenge and healthy debate
Effective communication with executive management
Decision-making frameworks for NEDs
Confidentiality, independence, and sound judgment
Crisis Management & Business Continuity Oversight
NED responsibilities in crisis situations
Scenario planning, contingency frameworks, and crisis communication
Oversight during financial distress, cybersecurity incidents, or operational crises
Case Studies & Practical Exercises
Governance failures in financial institutions (analysis and lessons learned)
Boardroom simulation exercises
Identifying red flags in financial and risk reports
Mock strategic and risk review discussions
Closing Insights & Action Plan
Summary of key learning points
Self-assessment for NED effectiveness
Action plan for enhancing governance performance
Who Should Attend
The programme is ideal for:
Existing Non-Executive Directors (NEDs) looking to enhance their strategic and governance capabilities
Newly appointed or aspiring NEDs preparing to take on board responsibilities
Board members of listed companies, private firms, family businesses, and regulated entities in Cyprus
Senior executives transitioning into advisory or governance roles
Legal, compliance, or audit professionals seeking a deeper understanding of NED functions
Shareholders or investors seeking to strengthen board-level oversight and decision-making
Training Style
The programme blends expert-led presentations with interactive discussions, real-life case studies, and collaborative group work. It strikes a balance between structured knowledge delivery and active learner participation, encouraging participants to ask questions, challenge assumptions, and contribute their own perspectives.
Through a mix of practical tools and strategic insights, participants will gain the confidence and clarity needed to lead effectively.
By the end of the session, they will be equipped with actionable techniques to enhance their boardroom presence, support robust governance in Cyprus, and contribute to high-impact decision-making.
CPD Recognition
This programme may be approved for up to 5 CPD units in Financial Regulation. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.
In-house Training
For groups within the same organisation, this course may be customized to meet any specific needs and delivered in-house.
Facilitators
Panayiotis Antoniou
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Panayiotis Antoniou is a Managing Director at the Global Risk Management and Prudential department of Complyport. He is a professional with 25 years experience in the Financial Sector. He is currently the managing Director of Complyport Global Risk Management and Prudential, a large Advisory Group specialising in prudential risk and Compliance matters for Banks, Investment Firms, Investment Funds and Payment Institutions. Panayiotis is a holder of CySEC’s AML and Advanced Certificates, a Certified Anti-Money Laundering Specialist (CAMS), a Chartered MCSI at the Chartered Institute of Securities and Investments (CISI), a member of the Project Management Institute (PMI). He is also a HRDA accredited trainer. Panayiotis holds a Bachelor degree in Computer Science from State University of New York, USA, a Master’s degree in Information Systems from Virginia Tech, USA as a Fulbright Scholar, a Master’s in Business Administration (MBA) and a Master’s in Public Sector Management (MPSM).
Frequently Asked Questions
When will I receive my invoice?
The invoice is issued on the day the course starts.
What payment methods are accepted?
Payments can be made by bank transfer, cheque, or credit card.
When will my certificate be issued?
Certificates are issued within 7–10 days after the course has been completed, provided that the invoice has been paid.
How can I access my certificate?
Once your certificate has been issued, you will receive an automated email from Cademy notifying you that it is available.
Click the Get Your Certificate button in the email to download your certificate.
You can also access it from your Cademy account:
- Log in to your Cademy account from https://cademy.io
- Click on My Account from the top-right corner.
- From the drop-down menu select My Courses and Bookings.
- Choose the relevant course.
- Under Participants, click the three dots located next to your name.
- Select Get Certificate.
Where can I access the course material?
To access the course materials, such as presentations and recordings:
- Log in to your Cademy account from https://cademy.io
- Click on My Account from the top-right corner.
- From the drop-down menu select My Courses and Bookings.
- Choose the relevant course.
- Under Extra Details, you will find all the available course materials.