Compliance Change Transformation
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Programme Overview
Compliance functions play a vital role financial institutions’ risk management efforts. Such role has traditionally been to ensure that financial institutions operate with integrity and adhere to applicable laws, regulations, and internal policies. Increasingly, Compliance functions are challenged to maintain effective Compliance Management Programs (‘CMP’) which prevent and detect instances of non-adherence to internal & external regulations as well as inappropriate business conduct. International regulators responded to several high-profile cases in recent years, and further enhanced and clarified regulatory requirements and supervisory expectations. In many any cases, enforcement proceedings focused on the role of the Compliance function and the effectiveness of the CMP.
Digitalisation in the financial industry as well as the use of new technology and approaches, including but not limited to artificial intelligence (‘AI’) further accelerate the need for Compliance functions to transform their traditional CMP into a comprehensive, technology and data driven operating model.
This course covers how to equip and transform conventional Compliance functions with know how, tools and understanding to utilize and leverage technology, data and processes. It is taught by senior Compliance management and seasoned practitioners with direct experience and demonstrated outcomes.
Course
By the end of this module, participants will be able to
- Understand the elements for an effective and sustainable compliance framework and identify the drivers for a holistic Compliance strategy commensurate with organisational strategy and relevant regulatory requirements.
- Assess the key elements and propose a target operating model facilitating an effective Compliance framework and efficient delivery of such framework.
- Understand the need for and develop a holistic technology strategy supporting a data-driven Compliance organization.
- Recognize the importance of a holistic response to develop enhance Compliance’ AML risk management and assess and implement the transformation requirements of an effective control framework to combat money laundering.
The course structure consists of a combination of classroom learning and assessments, totalling 8.5 hours.
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Who Should Attend
This course is designed for professionals with 3 years and above of relevant experience in a control function in financial services, such as risk, internal audit, legal, compliance advisory, monitoring and surveillance, compliance analytics, as well as external lawyers and auditors advising Financial Institutions.
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Certification
Participants who successfully complete the programme will be awarded:
Fees and Funding
| Modules | Full Fees (S$) | Fees after subsidies inclusive of 9% GST (With effect from 1 Jan 2024) (S$) | |
|---|---|---|---|
| Before GST | After GST | Company-Sponsored | Self-Sponsored |
Fees and Funding
| Modules | Full Fees (S$) | Fees after subsidies inclusive of 9% GST (With effect from 1 Jan 2024) (S$) | |
|---|---|---|---|
| Before GST | After GST | Singaporean Aged Below 40 / PR | Singaporean Aged 40 & Above |
Fees and Funding
| Modules | Fees after Subsidy (incl. of GST) | Fees after subsidies inclusive of 9% GST (With effect from 1 Jan 2024) (S$) |
|---|
| Category | |||
|---|---|---|---|
| 2 | |||
| 1 | Not Applicable | ||
1 For Singaporeans aged 40 and above, you are eligible to utilise the SkillsFuture Credit (Mid-Career) further to offset your course fee after the IBF subsidy.
2 Fees shown are after IBF-STS funding assuming students meet the minimum academic standards outlined by IBF and are physically based in Singapore. The fees are also subject to IBF accreditation approval for all modules.
Fees and Funding
Modules | Full Fees (S$) | Fees after subsidies inclusive of 9% GST (With effect from 1 Jan 2024) (S$) | ||
|---|---|---|---|---|
| Before GST | After GST | Singaporean Aged Below 40 / PR Company Sponsored/Self Sponsored | Singaporean Aged 40 & Above Company Sponsored/Self Sponsored | |
| Singaporean Aged Below 40 / PR | ||||
| Company Sponsored/Self Sponsored | ||||
| Singaporean Aged 40 & Above | ||||
| Company Sponsored/Self Sponsored | ||||
| Course Fees | 1,300.00 | 1,417.00 | 767.00 | 507.00 |
Fees and Funding
Core Modules | Full Fees (S$) | Fees after subsidies inclusive of 9% GST (With effect from 1 Jan 2024) (S$) | |
|---|---|---|---|
| Before GST | Singaporean Aged Below 40 / PR | Singaporean Aged 40 & Above | |
| Company Sponsored/Self Sponsored | Company Sponsored/Self Sponsored |
Note:
Prices shown are based on the prevalent IBF-STS subsidies. T&Cs apply.
Click here to read more about the terms & conditions governing registration, payment, cancellation, deferment and no-show.
Eligible SG citizens may utilise SkillsFuture Credit to offset course fees. This is only applicable for the regular SkillsFuture Credit, and not applicable for the SkillsFuture Credit (Mid-Career) additional top-up funding.
NTUC members enjoy 50% unfunded# course fee support for up to $250 each year when you sign up for courses supported under Union Training Assistance Programme (UTAP). NTUC members aged 40 and above will get increased funding support from $250 to $500.
#Unfunded course fee refers to the balance course fee payable after applicable government subsidies. This may include materials fees, registration fees and misc fees.
The information above is correct at the time of publication. Wealth Management Institute reserves the right to amend the fees and/or terms and conditions as appropriate.
In addition to Course Fees, each participant will also be charged a non-refundable and non-claimable application fee of S$85 (including GST).
This programme is pending accreditation by the Institute of Banking and Finance (IBF). When accredited, Singaporeans and Permanent Residents will be eligible for funding support of up to 70% course fee subsidy under the IBF Standards Training Scheme (IBF-STS).
Fees shown are after IBF-STS funding. Subsidised fees apply upon participants’ successful completion of the programme, which includes (i) fulfilling minimum attendance requirements and (ii) passing all relevant assessments.
Subsidies are subject to change by IBF and fees will be adjusted based on prevailing funding rates. Click here to read more about funding support for IBF-STS, and terms & conditions governing registration, payment, cancellation, deferment and no-show.
The information above is correct at the time of publication. Wealth Management Institute reserves the right to amend the fees and/or terms and conditions as appropriate.
Schedule
| Format | Date |
|---|---|
| 15 March 2024 (Full) | |
| 14 June 2024 |
| Modules |
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| Modules |
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