Graduate Diploma, Compliance in Financial Services

As the financial sector grows in both size and complexity, the compliance function has broadened significantly. The ever-changing regulatory landscape and consequential regulatory scrutiny weigh heavily on financial institutions’ reputation and business prospect. Skilled compliance professionals are in demand to navigate ongoing advancements in technology and data analytics as the traditional compliance role evolves into a high value function as a business enabler.

Developed to support the financial sector in raising capabilities in the Compliance function, the programme will provide a structured learning pathway for compliance professionals in financial services, as well as those in the legal profession advising financial institutions. Designed for those with at least 3 years of industry experience, the programme allows professionals to deepen as well as 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 IBF, MAS, SkillsFuture Singapore (SSG) and Workforce Singapore (WSG).

The Graduate Diploma, Compliance in Financial Services is taught by Faculty with practitioner and seasoned industry experience in domain areas of expertise. 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. It is also relevant for Legal, Operational Risk 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 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.

Modules Classroom Hours

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.

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.

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.

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.

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.

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.

The asset management and investment advisory businesses comprise core components of the financial services industry. This module will equip participants with technical skills, indepth 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.

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.

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.

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.

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.

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.

Singapore Institute of Legal Education (SILE)

Module: Compliance Risk and Compliance Culture
Eligible Public CPD Points: Day 1= 4, Day 2= 5. Total = 9
Practice Area: Corporate / Commercial
Training Level: Intermediate

Participants who wish to obtain CPD Points are reminded that they must comply strictly with the Attendance Policy set out in the CPD Guidelines. For this activity, this includes logging in at the start of the webinar and logging out at the conclusion of the webinar on each day of the activity, and not being away from any part of the webinar for more than 15 minutes on each day of the activity. Participants who do not comply with the Attendance Policy on any particular day of the activity will not be able to obtain CPD Points for that day of the activity. Please refer to for more information.

Compliance Risk and Compliance Conduct 
Friday, 8 October 2021
Saturday, 9 October 2021
Sunday, 10 October 2021


Course Name Faculty
Compliance Risk and Compliance Culture

Capstone Project

Prof Urs Zulauf PhD in Law, University of Bern
Compliance Strategy, Policy and Advice

Capstone Project

Handling Serious Compliance Incidents & Performance Management

Ms Sharon Craggs Master of Science Digital Innovation and Financial Technology, Brandeis University, Massachusetts, USA

Masters of Arts, University of Cambridge, UK

Masters of Law, National University of Singapore

Retail Banking and Fintech Regulation Ms Loretta Yuen Bachelor of Laws, National University of Singapore
Financial Crime Regulation Ms Mabel Ha Master of Business Administration, Rotterdam School of Management
Private Client Compliance Lifecycle and External Asset Managers Mr Rolf Haudenschild Master of Laws in International Financial Law, King’s College London
Wholesale Banking & Capital Markets Regulation Mr Chiew Tuan York Master of Applied Finance, Macquarie University

Bachelor of Laws (LLB), University of London

Bachelor of Accountancy, Nanyang Technological University

Compliance in Asset Management and Financial Advisory Services Ms Grace Chong Master of Business Administration MBA, Nanyang Business School, Nanyang Technological University
Compliance Monitoring Surveillance and Controls Mr Mirko Jurisic Master of Economics, University of Zagreb, Republic of Croatia
Compliance Data Analytics Mr Raymond Choa Master of Business Administration, University of Warwick, Warwick Business School
Compliance Technologies,  RegTech & Project Management Mr Ralf Huber Master of Law, University of Zurich, The Faculty of Law
Handling Serious Compliance Incidents & Performance Management Mr Peter Ladd Bachelor of Laws, Deakin University, Melbourne, Australia


Certification & Funding

Participants who successfully complete the Graduate Diploma, Compliance in Finance Services programme will be awarded:


    Upon successful completion of each module, participants will be awarded:

    • – WMI Certificate of Achievement


    Upon meeting all Graduation Criteria listed below, participants will be awarded “Graduate Diploma, Compliance in Financial Services” issued by Wealth Management Institute International Pte Ltd.

    • Graduation Criteria
    • – Successful completion of all eleven 13-hour course and assessments as well as the 26-hour Capstone Project with minimum score of 50% (no reassessments)
    • – Achieve a minimum CGPA of 2.50 at the completion of the Graduate Diploma
    • – Complete the Graduate Diploma within 3 years from the date of admission of the first course taken

    Successful recipients of the “Graduate Diploma, Compliance in Financial Services” who have at least 3 years’ relevant experience and meet all other relevant IBF certification criteria can apply for IBF Advanced (Level 2) Certification* in the following:

(refer to the curriculum table below under Programme Calendar)
IBF Advanced (Level 2) certification
1, 2, 10, (3, 5, 6 or 7 or 11)^ Compliance Advisory (segment specific)^
1, 2, 4, 8 & 10 Monitoring Surveillance & Testing
1, 2, 9, & 10 Compliance Analytics
1, 2, 4, 8, 10 & 11 Financial Crime Regulation

^To be eligible to apply for IBF Advance (Level 2) certification in Compliance Advisory (Retail Banking & FinTech), only one of the five modules is required for completion. For example, modules 1, 2, 10 and 3.

Please visit for more information on the IBF Certification.

IBF Standards Training Scheme (IBF-STS) Funding

This programme is pending accreditation review by The Institute of Banking and Finance (IBF).  Upon successful accreditation by IBF, each module will be eligible for IBF-STS funding for direct training costs. T&Cs apply. Find out more at


Modules Full Fees (S$) Fees incl 7% GST (After IBF-STS funding for eligible participants)
Company-Sponsored Self-Sponsored
Compliance Risk and Compliance Culture^ 2,782.00 442.00 278.20
Compliance Strategy, Policy and Advice^ 2,782.00 442.00 278.20
Retail Banking and FinTech Regulation^ 2,782.00 442.00 278.20
Financial Crime Regulation^ 2,782.00 442.00 278.20
Private Client Compliance Lifestyle and External Asset Managers 2,782.00 702.00 556.40
Wholesale Banking & Capital Markets Regulation 2,782.00 702.00 556.40
Compliance in Asset Management and Financial Advisory Services 2,782.00 702.00 556.40
Compliance Monitoring, Surveillance and Controls 2,782.00 702.00 556.40
Compliance Data Analytics 2,782.00 702.00 556.40
Compliance Technologies, RegTech & Project Management 2,782.00 702.00 556.40
Handling Serious Compliance Incidents & Performance Management 2,782.00 962.00 834.60
Capstone Project 5,564.00 1,924.00 1,669.20
Total 36,166.00 8,866.00 6,955.00

^IBF accredited modules

A non-refundable application fee of S$85 is required upon application submission.

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.​

Admission Criteria


Minimum Entry Requirements
Minimum Education Degree or equivalent
Minimum Work Experience 3 years relevant experience
Minimum English Language requirement (only if English was not the medium of instruction used at the highest qualification) TOEFL score > 100; IBT or IELTS score > 6.5.

WMI will consider exceptions on a case-by-case basis and if needed, an interview may be requested.

Programme Calendar

No Modules Classroom Sessions
1 Compliance Risk and Compliance Conduct Friday, 8 October 2021
Saturday, 9 October 2021
Sunday, 10 October 2021
2 Compliance Strategy, Policy and Advice Friday, 22 October 2021
Saturday, 23 October 2021
3 Retail Banking and FinTech Regulation Friday, 19 November 2021
Saturday, 20 November 2021
4 Financial Crime Regulation Friday, 10 December 2021
Saturday, 11 December 2021
5 Private Client Compliance Lifecycle and External Asset Managers Friday, 14 January 2022
Saturday, 15 January 2022
6 Wholesale Banking & Capital Markets Regulation Friday, 18 February 2022
Saturday, 19 February 2022
7 Compliance in Asset Management and Financial Advisory Services Friday, 18 March 2022
Saturday, 19 March 2022
8 Compliance Monitoring, Surveillance and Controls Friday, 8 April 2022
Saturday, 9 April 2022
9 Compliance Data Analytics Friday, 6 May 2022
Saturday, 7 May 2022
10 Compliance / RegTech & Project Management Friday, 10 June 2022
Saturday, 11 June 2022
11 Handling Serious Compliance Incidents & Performance Management Friday, 15 July 2022
Saturday, 16 July 2022
12 Capstone Project** Friday, 12 August 2022
Saturday, 13 August 2022

**Capstone Project is a two day industry-sponsored module. Participants are required to complete the 11 modules before taking this course.

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