As the financial sector grows in size and complexity and we operate in an increasingly volatile, uncertain, complex and ambiguous environment, the role and demands of the compliance function have broadened significantly. The changing regulatory landscape, rate of increase in regulatory changes and consequential regulatory scrutiny and enforcement actions weigh heavily on financial institutions’ reputations and business prospects. Skilled compliance professionals are in demand to navigate ongoing advancements in technology, data analytics, regtech as traditional compliance roles evolve to provide higher-value functionalities as business enablers.
Developed to support the financial sector in raising capabilities in the Compliance risk management function, the Compliance in Financial Services Graduate Diploma provides a structured learning pathway for compliance and risk professionals in financial services, including those in operational risk, audit and legal profession advising financial institutions. Designed for those with at least 3 years of industry experience, the programme allows professionals to deepen and expand their technical skills and competencies as defined for the Compliance Manager job family within the national Skills Framework for Financial Services, jointly developed by the Institute of Banking and Finance (“IBF”), Monetary of Authority, SkillsFuture Singapore and Workforce Singapore.
The Compliance in Financial Services Graduate Diploma is taught by Faculty with seasoned industry leadership and practitioner experience and deep domain expertise in specialist compliance risk areas. Experience. The qualification equips compliance professionals with skills and expertise in established and cutting-edge compliance disciplines and prepares them for broader leadership roles in Compliance risk management. Successful completion of the programme with the requisite criteria also qualifies participants to apply for IBF certifications in the relevant job families. It is also relevant for legal, operational risk, controls and audit professionals seeking a robust understanding in the practice of Compliance.
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 the 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 practitioners and seasoned industry experience in domain areas of expertise. Click here to view the 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
Developing, establishing and driving the Compliance strategy and programme, risk appetite and overall compliance direction for the organisation 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 undertaking this and roles and responsibilities.
Total Training Duration / CPD Hours: 13
Classroom Hours: 13
A deep understanding of permissions under different banking licences and their policy intent is critical for operating in the banking industry. This module will enable participants to grasp Singapore’s regulatory framework and regulatory expectations for retail banks, including Consumer and Data protection risks and issues relating to Fintechs and Digital banks, current and forward-looking.
Total Training Duration / CPD Hours: 13
Core FAA CPD: 13
Core SFA CPD: 13
Classroom Hours: 13
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, an overview of key financial crime risks and the design of financial crime programmes including in the context of a changing technological landscape.
Total Training Duration / CPD Hours: 13
Classroom Hours: 13
Private banking and wealth management are a substantial sector within financial services, with the range of services, particular risks and sensitivities creating particular challenges in dealings with private clients. This module will equip participants to understand such challenges, regulations and regulatory expectations for private banking and wealth management and the roles of different actors.
Total Training Duration / CPD Hours: 13
Core FAA CPD: 6.5
Core SFA CPD: 6.5
Classroom Hours: 13
A sound understanding of the rules and regulations governing capital markets and ethical conduct is key for operating in wholesale bank markets. This module will equip participants with the ability to analyse the business and operational impact of regulations, recommend industry best practices, and identify changes to policies and procedures to meet regulatory requirements.
Total Training Duration / CPD Hours: 13
Core FAA CPD: 13
Core SFA CPD: 13
Classroom Hours: 13
The asset management and investment advisory businesses comprise core components of the financial services industry. This module will equip participants with technical skills, and in-depth knowledge of applicable rules and regulations and how they should be interpreted and applied, to understand and manage compliance risks in this segment in line with regulatory requirements and expectations.
Total Training Duration / CPD Hours: 13
Core FAA CPD: 8
Core SFA CPD: 8
Classroom Hours: 13
Compliance professionals are required to balance roles as advisors 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
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 an awareness of these components, and address the impact of current digitisation trends on the compliance landscape from a KYC/AML perspective.
Total Training Duration / CPD Hours: 13
Classroom Hours: 13
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
Despite best efforts to adhere to 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
This module guides participants in a collaborative project with leading financial institutions. Drawing on perspectives of the standalone modules, practical application of skills and work experience, participants will provide researched, practical and actionable recommendations for complex, real-world compliance issues.
Total Training Duration / CPD Hours: 26
Classroom Hours: 13
This programme 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 the 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
Certification
Eligibility for IBF Advanced Level 2 includes successfully completing the required modules for each certification, having the required role experience, and being employed by FI in a compliance role at the time of application.
Please visit www.ibf.org.sg/home/for-individuals/ibf-certification/why-be-ibf-certified for more information on the 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 Credit can be utilised to offset the balance of the programme fees after IBF subsidy. Do note that SkillsFuture Credit 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.
The 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 Graduate Diploma in Compliance in Financial Services 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.
