ICA Diploma in Financial Crime Compliance

Overview

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.

Learning Outcomes

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

Programme Overview

Dynamic Regulatory Environment
Good Corporate Governance
Risk Management Strategies
Customer Lifecycle
Strategic Management
Data Management

Download the course syllabus

Course Format

10 months programme comprising self-study and virtual workshops
Access self-study materials via ICA Learning Management System
6 modules to complete
Attend 3 x 3 hour evening virtual workshops per module

Recommended study hours

Self-study	Recommended 4hrs - 6hrs a week)
Face to face workshops	54 hours
Invigilated Exam	3 hours

How will you be assessed?

4 x 3,000 - 3,500 words assignment. One assignment each for four (4) modules.
One x 3 hour open-book, invigilated short answer questions examination for two (2) modules

Download the Course Syllabus

Who Is This Course Suited 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

Participants are required to

Have a good standard of written and spoken English.
Have achieved academic qualifications such as diploma, university degree or vocational qualification such as the ICA Advanced Certificate in Regulatory Compliance.
Have a minimum of three years of direct knowledge and experience in compliance in financial services.

The ICA is an inclusive provider of education qualifications, please get in touch if you need additional support to undertake a study programme.

We recommend submitting a copy of your updated CV for course eligiblity assessment. Please email studentadmin@int-comp.com

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

Participants who successfully complete this course with at least 3 years of relevant financial services industry experience and fulfill the required number of Technical Skills and Competencies (TSCs) for the selected job role can apply to be conferred the IBF Advanced (Level 2) certification status.
Find out more about IBF certification and the application process here.

Price and Funding

Each module on the diploma is $2,650 plus GST.

For ICA’s Diploma in Regulatory Compliance OR Financial Crime Compliance, each module is considered as one programme.

The ICA Diploma in Regulatory Compliance has been accredited under the IBF Standards, and is eligible for funding under the IBF Standards Training Scheme (IBF-STS), subject to all eligibility criteria being met.

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

*MAS will enhance course fee subsidies for locals attending accredited or recognised courses up to 80%.

Read more about the enhanced funding details.

Contact studentadmin@int-comp.com for more information

Self study start on 3 Oct 2022

First workshop on 18 Oct 22

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 clientservicesapac@int-comp.org