Overview
Do you want to progress your career in financial crime compliance? Would you like to have a detailed and practical understanding of all the issues impacting a compliance officer who have responsibilities for anti money laundering, sanctions, anti corruption, fraud, customer due diligence? Do you want to gain an internationally recognised, transferrable, professional qualification, one that is awarded by IBF in Singapore and in association with Alliance Manchester Business School, University of Manchester? Do you want to deepen your knowledge and develop your soft skills, increasing your value as a trusted advisor to a business?
Have you already amassed some experience in compliance or have obtained other compliance certification?
If the answer to these questions is yes, then the ICA Diploma in Financial Crime Compliance is the qualification you are looking for to give you the practical knowledge and skills to make a difference to your career.
What will I get out of the course
This qualification provides a practical, advanced and detailed understanding of the dynamic regulatory landscape and risk management strategies that can be implemented to monitor and manage risk in your organisation. The qualification looks at the important part good corporate governance plays in the establishment of a compliance mindset within the teams and how to inculcate a good ethical culture.
You will learn how to design and implement a governance risk and compliance system complete and learn all about monitoring and surveillance processes, procedures and reporting. You will learn all about risk management strategies including policy creation and implementation, reporting and continuous improvement management. You will gain an in depth understanding of the role of the compliance function and in particular the role of the money laundering reporting officer. You will benefit from a very focused look at the customer lifecycle from onboarding through transaction monitoring, ongoing due diligence, suspicious activity reporting, terrorist financing and proliferation and the vulnerabilities of certain products and services. Sanctions, fraud and anti corruption are also studied in-depth. You will learn how to be a valued strategic advisor to the business and how to manage internal and external stakeholders. People and performance management along with strong leadership skills are developed through dedicated activities. You will become highly competent in all aspects of data management including analytics and computational modelling, storytelling and visualisation, information security and cybercrime.
This study programme will enable you to:
- develop your critical thinking skills so as to become a trusted advisor to the business
- assess international frameworks and best practice and leverage insights on risks and appropriate mitigants, enhancing your work-based decision making
- augment your skills in evaluating financial crime compliance strategies
- develop your monitoring and surveillance techniques and tools ensuring appropriate control measures are in place, mitigating risk still further
- communicate effectively with all stakeholders
- understand data and how it can be analysed and reported in an impactful way
Who is this course suitable for?
Typically, those who complete this qualification are:
- already working within a compliance function and looking to develop their knowledge and skills still further and also advance their career
- have been working within financial services for some time, have already completed a lower level ICA compliance qualification and looking to accelerate their career in the compliance function
and/or
- Individuals with compliance responsibilities as part of their existing role, have already obtained the ICA Advanced Certificate in Regulatory Compliance and who wish to play a bigger part in the compliance function
What’s my expected commitment?
Everybody has their own preferred way of learning and we have prepared materials to make learning as inclusive as possible. The course lasts for 10 months from start to finish, which is a big commitment. But it is broken down into modules, and each module takes just 7 weeks to complete.
Studying involves a mix of self-study, interactive learning sessions with live instructor-led virtual classrooms where you will be studying with likeminded individuals. The materials are hosted on the ICA Learning Management System and are full of rich media content. The LMS also has options for engaging with your fellow students as well as additional support by the tutor.
Each of the 6 modules on the Diploma comes with 3 x 3-hour highly interactive virtual classrooms where knowledge is put in practice in a safe environment. As good as the classrooms are, you will still need to commit between 4 and 6 hours a week – depending on your existing level of knowledge and experience – reading and learning the training materials, as well as reading around the subject
How will I be assessed
Each of the 6 core modules comes with an assessment. 4 of the modules are assessed by written assignment and each assignment must be between 3,000 and 3,500 words in length. 2 of the modules are assessed by examination, and the examination last 3 hours.
To make the most of this course you should…
The ICA is an inclusive provider of education qualifications, please get in touch if you need additional support to undertake a study programme.
Designation awarded
Upon completion, you will be rewarded:
- ICA Diploma in Financial Crime Compliance which is awarded by ICA in association with Alliance Manchester Business School, The University of Manchester
- *IBF designation of IBF Advanced (“IBFA”) for Compliance upon satisfying additional criteria set by IBF (Terms and conditions apply. More information here)
* Subject to programme being accredited under IBF Standards Training Scheme.
What does it cost?
Each module on the diploma is $2,650 plus GST.
IBF-STS Funding
This programme is undergoing accreditation under the IBF Standards, and pending approval for funding under the IBF Standards Training Scheme (IBF-STS).
Candidates are advised to assess the suitability of the programme and its relevance to participants’ business activities or job roles.
IBF-STS provides 70%* funding for direct training costs subject to a cap of S$7,000 per candidate per programme subject to all eligibility criteria being met.
Find out more on www.ibf.org.sg
For ICA’s Diploma in Regulatory Compliance OR Financial Crime Compliance, each module is considered as one programme.
*MAS will enhance course fee subsidies for locals attending accredited or recognised courses up to 90%. IBF will provide an additional 5% in support in the form of IBF Credit, bringing the course fee subsidy up to 95%.
Read more about the enhanced funding details.
Eligibility
Kindly email your detailed CV to studentadmin@int-comp.com to check your eligibility.
Enrolment
First workshop: 19 Oct 2021
Can this course be taught in-house?
If you have a training requirement for more than 15 employees, why not contact us to discuss delivering the training in-house at your firm? It’s the ideal way to maximise your budget, minimise disruption and tailor content to your specific needs.
Call our dedicated in-house training team at +65 6500 0010 or email studentadmin@int-comp.com
Any questions?
Call +65 6500 0010 or email studentadmin@int-comp.com for further information.