Today’s technologies are able to transform many traditional compliance tasks but require the knowledge to understand the particular technologies and select appropriate tools for distinct tasks. This programme will train participants to acquire and apply an analytical mindset, understanding data analytics algorithms and approaches to take into consideration as financial institutions migrate towards greater dependence on big data, machine learning, artificial intelligence and robotics process automation. These will be applied to the core financial crimes compliance domains of customer due diligence, transaction & payments monitoring, and trade surveillance. Defining business requirements, effectively project managing, driving, leading and implementing regulatory technology tools in the organisation are part of this programme.
You will have direct exposure to seasoned compliance industry specialists and leaders who are experts in the particular area. All sessions are interactive including teaching, case studies, group breakouts and discussions and assessments are similarly designed to ensure skills learnt are thoroughly understood and grasped in practice and can be applied to work-life circumstances. Successful completion of the programme qualifies you to apply for the relevant IBF Level 2 certifications in the Compliance Advisory, Compliance Analytics and the Monitoring, Surveillance and Testing job families* as well as an Advanced Diploma in Regulatory Compliance and Compliance Analytics, recognising the achievement and merit in completing this rigorous programme.
*subject to T&Cs
This programme is conducted on a part-time basis and you may select any module or complete the programme in a schedule that best fits you. Modules are delivered through a blended learning pedagogy, building on interactive pre-class online learning for foundation concepts and knowledge, reserving classroom for skills application and topics that have higher complexity. Modules feature assessments to check for learning transfer covered in online and classroom sessions.
Participants who wish to attend individual modules can select the modules by registering here. Please note that individual modules can only be selected before the respective module’s date of commencement. You will receive a confirmation of acceptance if seats are available for the particular module.
This programme is taught by Faculty with practitioner and seasoned industry experience in domain areas of expertise. Click here to view list.
Compliance risks have become the biggest risks for global financial institutions and may threaten the existence of these firms. This module will enable participants to identify and distinguish the major compliance issues and risks, outlining regulators’ expectations of core ethical values of regulated institutions and their compliance systems.
Total Training Duration / CPD Hours : 13
Core FAA CPD : 13
Core SFA CPD : 13
Classroom Hours : 13
Preparatory Hours : 4
Developing, establishing and driving the Compliance strategy and programme, risk appetite and overall compliance direction for the organization is fundamental, as is ensuring and assuring compliance with applicable rules, regulations and codes of conduct. This module will enable participants to understand approaches to undertake this and roles and responsibilities.
Total Training Duration / CPD Hours : 13
Core FAA CPD : 13
Core SFA CPD : 13
Classroom Hours : 13
Preparatory Hours : 4
Financial Crimes Compliance is a key focus area for regulators locally and globally with significant fines and penalties applied. This module will provide participants with an understanding of Singapore regulations, overview of key financial crime risks and design of financial crime programmes including in the context of a changing technological landscape.
Total Training Duration / CPD Hours : 13
Classroom Hours : 13
Preparatory Hours : 4
Compliance professionals are required to balance roles as advisor, and to provide challenge and independent oversight through robust compliance monitoring and surveillance. This module will enable participants to design, establish and operate effective and efficient monitoring and surveillance programmes and control processes leveraging the use of technology.
Total Training Duration / CPD Hours : 13
Classroom Hours : 13
Preparatory Hours : 4
Data and data analytics, data governance, data lineage and data quality are critical enablers of effective and efficient customer risk management and compliance monitoring. This module will equip participants with awareness of these components and address the impact of current digitization trends on the compliance landscape from a KYC/AML perspective.
Total Training Duration / CPD Hours : 13
Classroom Hours : 13
Preparatory Hours : 4
Today’s technologies are able to transform traditional legal and compliance activities (regulatory technology), but require the knowledge to understand such technologies and select appropriate tools for distinct tasks. This module will equip participants with the skills to critically assess different technologies available, define business requirements, implement robust project management and successfully deploy respective tools in the organisation.
Total Training Duration / CPD Hours : 13
Classroom Hours : 13
Preparatory Hours : 4
Despite best efforts to adhere and comply with applicable regulations, compliance incidents occur. Robust management and ensuring lessons learnt are internalized are key. This module will equip participants with the skills and requirements to handle serious compliance incidents in line with regulatory requirements and expectations, including disciplinary sanctions and performance management.
Total Training Duration / CPD Hours : 13
Classroom Hours : 13
Preparatory Hours : 4
This course is designed for compliance professionals within the financial services sector with at least 3 years of relevant experience, including legal, enterprise/operational risk, audit professionals and those in control functions in the first line of defence. It is also relevant for external lawyers, consultants and accountants advising financial services sector.
Minimum Entry Requirements
Graduation Criteria
Useful Links
Participants who successfully complete the programme will be awarded:
Accreditation
IBF Standards Training Scheme (IBF-STS)
Find out more at www.ibf.org.sg/home/for-individuals/skills-and-jobs-development/training-support/IBF-STS.
SILE
Module: Compliance Risk and Culture
Eligible Public CPD Points: Day 1= 4, Day 2= 4.5. Total = 8.5 (TBC)
Practice Area: Ethics and Professional Responsibility
Training Level: Intermediate
Participants who wish to obtain CPD Points must comply strictly with the Attendance Policy set out in the CPD Guidelines. For this activity, participants are reminded to sign in on arrival and sign out at the conclusion of each day of the event in the manner required by the organiser. Participants must not be absent from each day of the event for more than 15 minutes. Participants may obtain Public CPD Points for each day of the event on which they comply strictly with the Attendance Policy. Participants who do not comply with the Attendance Policy on any particular day of the event will not be able to obtain CPD Points for that day. Please refer to www.sileCPDcentre.sg for more information.
Certification
Participants who successfully complete the programme will be awarded:
WMI Certification
IBF Certification
Note:
In addition to Course Fees, each participant will also be charged a non-refundable and non-claimable application fee of S$85 (including GST).
SkillsFuture Credits can be utilised to offset the balance of the programme fees after IBF subsidy. Do note that SkillsFuture Credits cannot be used to offset Application Fees.
Click here to read more about the terms & conditions governing registration, payment, cancellation, deferment and no-show.
The information above is correct at the time of publication. The Wealth Management Institute reserves the right to amend the fees and/or terms and conditions as appropriate.
Schedule is subject to change, additional classes may be added with sufficient interest. Please click “Apply Now” to register your interest.
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Get a chance to speak with our team in an online information session to learn more about WMI’s Advanced Diploma in Financial Crime Compliance and Compliance Analytics programme. We are happy to offer an overview of the programme and any enquiries you may have about WMI in this one-hour virtual session.
