COMPLIANCE & RISK MANAGEMENT
Compliance & Risk Management
Duration
The Total Qualification Time for this qualification is 102 hours.
Start Dates
Flexible
Fees
Corporate Packages available.
Refer to IBCM
Delivery
Face2Face | Online | Blended
Entry Requirements
No formal entry requirements
Student Satisfaction
95% of Our students would recommend IBCM / IBCM Student Survey 2022
Awarding Body
CISI
UCAS Course Code
N/A
Course Overview
A successful compliance function is a fundamental requirement for any effective business; in financial services it is a critical component. The Global Financial Compliance qualification addresses techniques used to implement a successful compliance function in a firm. It provides a comprehensive introduction to all the issues a global Compliance Officer may encounter. It addresses international issues including the international regulatory environment, managing the risk of financial crime, governance, risk management, ethics, integrity and fairness.
IDEAL FOR
Suitable for all compliance staff and will be especially relevant to Compliance Officers.
Ofqual approval
Global Financial Compliance is regulated by Ofqual (on its Regulated Qualifications Framework) as the level 3 Award in Global Financial Compliance. On the European Qualifications Framework, this equates to a level 4 qualification.
Total Qualification-Time
The Total Qualification Time for this qualification is 102 hours.
Global Financial Compliance, combined with a regulatory paper, is recognised by Ofqual as the level 3 Certificate in Global Financial Compliance. The Total Qualification Time for this qualification is 183 hours.
Key features
- Specialist qualification – covers all the key aspects of compliance
- Globally portable – addresses international issues, reflecting the needs of a worldwide market
- Flexible study options – can be taken as a stand-alone qualification or combined
with other units to achieve the full Certificate in Global Financial Compliance or Investment Operations Certificate (IOC)
- ACSI designatory letters
“I believe this qualification will go a long way in establishing Compliance as a distinct
functional area within the financial sector. A recognition which is long overdue despite the
accepted importance of the function.”
Waheed Rathore MCSI, Executive Vice President, Group Chief Compliance Officer & MLRO
Risk Management Group, Abu Dhabi Commercial Bank
Syllabus
- The International Regulatory Environment
- The Compliance function
- Managing the risk of financial crime
- Ethics, Integrity and Fairness
- Governance, Risk management and Compliance
PROGRESSION
Investment Operations Certificate (IOC)
The Global Financial Compliance exam also forms part of the CISI’s globally recognised IOC. Once you have successfully passed the exam you can progress your studies by completing another two units to achieve the full IOC qualification. Visit cisi.org/ioc
Diploma in Investment Compliance
This qualification equips candidates with the knowledge and understanding of the financial services regulatory environment and the confidence to enforce regulatory compliance within their firm.
Syllabus
- The International Regulatory Environment
- The Compliance function
- Managing the risk of financial crime
- Ethics, Integrity and Fairness
- Governance, Risk management and Compliance
No formal entry requirements, however, industry experience will help candidates relate what they are learning to their role in the industry.
You will be taught at our Central Manchester location and will attend three terms each year. You will attend classes 3 days a week, averaging 15 hours a week. Your classes will be scheduled Monday to Friday between 9am and 5pm and you will experience a variety of teaching methods. Most modules are delivered through lectures, seminars and workshops.
- Lectures provide a broad outline structure for each topic to be covered. Lectures offer a good way of covering a lot of information and, more importantly, of conveying ideas to many people at once.
- Seminars enable you to complete directed self-study and to answer questions and solve problems which are set by the lecturer. You will discuss your answers and solutions within the seminar group. Seminars will enable you to explore further the topics introduced in the lectures.
- Workshops follow on from lectures and seminars. They are designed to enable you to work within a small group to perform set tasks (e.g. working on an exercise or case study).
Assessment
To achieve each module you will have to demonstrate competence in each of the relevant learning outcomes identified above. Assessment may take the form of a completed written assignment or report, a project, or a presentation (or combination of any of the above). Some group work may take place, although you will always be assessed on an individual basis.
You will be given formative assessment early on in each module to enable you to identify where your strengths are and which areas you need to develop in order to be successful.
You will then be assessed at the end of each module against the required Learning outcomes. All assessments go through our own Internal Quality Assurance process to ensure that they meet the highest possible standards and give you every opportunity to achieve (see IBCM Assessment and Verification Policy)
Students will be awarded a grade of pass, merit or distinction for each module and an overall grade at the end of the qualification.
All of our assessment and internal quality procedures are regularly monitored and an Assessment Board will be held at the end of each term to verify all decisions made as well as to investigate any issues of concern.
Should you not meet the learning outcomes on your first submission, you will be given one opportunity for a resubmission. You may also be given the opportunity to resubmit in order to obtain a higher grade. If, at the resubmission, you still do not meet the required outcomes, one opportunity to retake the unit can be authorised. This unit can then receive a maximum pass grade.
If a unit is still not passed at this stage it is deemed to have failed. Your assessor will discuss the options with you, such as an alternative unit in the case of optional units, or whether you are able to study the core module again (repeat). See IBCM Assignment submission procedure. Full attendance at lessons for the repeated module is required along with appropriate payment.
There are compensation provisions within both the HNC and HND provision in that students can still be awarded the qualification if they have not achieved a pass in one of the 15 credit units completed, but have completed and passed the remaining units.