ICA Professional Postgraduate Diploma

in Financial Crime Compliance

IntroductionAn expert level qualification with a focus on AML, fraud and anti-bribery and corruption.You will be (or aspiring to be) operating at a leadership level within your organisation, with strategic responsibility for the management of key elements in the areas of anti money laundering, counter terrorist financing, financial crime prevention or related fields. This programme has been created to build on your existing experience by providing you with enhanced skills, knowledge and expertise. Completion of this course should enable you to operate at the highest level within your organisation. It will ensure you expand your horizons, excel in your role and push your career to the next level.

The programme is a fusion of academic excellence, experiential learning and working towards a realisation of your professional goals. It will give you more than just a thorough understanding of the latest issues. It will help transform your thinking.

With the demand for exceptional specialists working in the financial crime compliance environment on the increase, there has never been a better time to consolidate your experience to date and invest in a recognised professional qualification.

This is a really excellent course. The format - online learning coupled with weekend Masterclasses - really works for senior management employees.

Why choose the ICA Professional Postgraduate Diploma?• Display mastery of the knowledge and skills required for senior financial crime compliance roles • Demonstrate advanced skills in critical thinking, risk assessment and business strategy • Drive your personal leadership ambitions and display competencies in judgement, strategic thinking, problem solving and technical knowledge • Develop new ideas, explore cutting-edge best practice and gain a global perspective • Achieve `Certified Professional’ status • Become automatically eligible for Fellowship of the International Compliance Association (the highest grade of membership) FICA • Gain M-level credits towards a Master’s degree

Who will benefit from this course?• Heads of Compliance, AML and Financial Crime Prevention • Money Laundering Reporting / Prevention Officers • Compliance, AML and Financial Crime Managers and Senior staff • Senior Risk staff • Senior Internal and External Audit staff • Company Secretaries • Accountants • Legal Practitioners • Regulatory Representatives and FIU staff • Law Enforcement • Company Directors/Board Members • Anyone who has 3+ years in senior management who aspires to be in a leadership financial crime compliance role

Course modulesThis course has been designed to build upon your existing skills, knowledge and expertise while providing a detailed examination of key financial crime compliance issues. The qualification will help establish the building blocks of successful leadership and will provide you with enhanced research, analysis and interpretation skills for risk-based decision making.

Module 1: Standards, Research and Assessment (webinar)• Introduction to the course and National Occupational Standards (NOS)• Application of critical thinking• Research and assessment

Module 2: Financial Crime Compliance• Managing financial crime risks• Fraud compliance issues• Financial crime compliance systems and controls

Module 3: Ethics, Corporate Governance and Responsibility• Understanding the place of ethics within a business environment• The benefits of ethical behavior• From understanding to action

Module 4: The Effective Use of Information Technology in Financial Crime Compliance (FCC) • Gathering evidence for decision making• Innovations in the reception and reporting of management information• Client on-boarding and monitoring

Module 5: Cyber Security: Threats to the Organisation • Technicalities, typologies and criminal types• Managing the risks of cybercrime threats• Regulatory trends and compliance hot topics

Module 6: AML/FCC in the Context of Organised Crime and Corruption • A critical analysis from the UN perspective: UNTOC/UNCAC/UNODC• Corruption as the `internal’ enemy of the AML and FCC systems• Reporting and disclosure obligations imposed on financial institutions (incl. asset recovery)

Module 7: Fraud and Internal Threats • The management of internal threats: behavioral, cultural and psychological factors • Developing a culture and systems to manage internal risk in an organisation• Managing and responding to a major internal fraud

Module 8: De-risking - Linking Risk Assessment to Business Strategy • De-risking: managing risks effectively, the global context and regulatory expectations • The role of senior management in de-risking and assessment of AML risk• Implementing an appropriate process linking AML and FCC risk assessment to business strategy

Module 9: Sanctions: Perspectives from the Regulator• Economic sanctions in practice• Emerging trends in sanctions risks and compliance• Identifying and understanding `real’ sanctions risks

Course formatThe course takes 9-12 months to complete. It is a blend of self-study, research, attendance at masterclasses and high level interaction with other like-minded, senior practitioners. The industry experts who deliver the masterclasses are leaders in their respective fields who can bring you fresh insights and a valuable, exclusive network.The ICA Professional Postgraduate Diploma is a level 7 qualification mapped to the descriptors in the Framework for Higher Education Qualifications (FHEQ).

• Eight masterclasses delivered over two weekends • Two compulsory modules delivered by recorded webinar on research methodology and assessment preparation • Two mentoring sessions (face-to-face or online)

The course is delivered in a ‘residential weekend’ format:

Teaching takes place over two condensed residential weekends in the world renowned University Centre of Oxford. Overnight accommodation and meals are provided including private dinners. This format is ideal for time-pressed professionals or those travelling from overseas.

Course fees£5550 (+VAT if applicable)

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Masterclass titlesThe industry experts who deliver the masterclasses are leaders in their respective fields who can bring you fresh insights and a valuable, exclusive network. You can find their profiles on the ICT website www.int-comp.com

1. Financial Crime Compliance The methods for managing financial crime risk effectively, including emerging best practice in tracking and reporting risks and controls.

The approach to external engagement with industry stakeholders and information and intelligence sharing issues. The key governance and systems issues relating to managing of fraud and financial crime issues, including the role of senior management.

2. Managing Risk and Creating Value Through Critical ThinkingAn evaluation of best practice in corporate governance within an organisation in the context of financial crime prevention.

The ethical basis for corporate governance to be a practical tool to establish a culture of compliance and the importance of ethics as the most effective constraint on immoderate actions and excessive risk taking.

3. Fraud and Internal Threats An evaluation of the impact of culture and behavioral and physcological profiling on internal fraud prevention.

The approach to embedding a fraud adverse culture in an organisation along with an exploration of best practices in systems and controls to manage internal fraud risk.

Best practice in responding to a significant internal fraud in an organsaition with particular focus on the role of senior management.

4. Cyber Security: Threats to the Organisation The key compliance issues faced by financial services organisations in the on-going fight against the activities of cyber criminals. The role played by national and international regulators and the relationship the compliance function has with cyber security experts in combatting cybercrime.

The nature and extent of cybercrime including:• the technical challenges• the purpose and intent of cyber criminals• the vulnerabilities of data information systems • how cyber security is currently maintained

5. The Effective Use of Information Technology in Financial Crime Compliance (FCC) The production and transmission of useful management information: how the current compliance landscape supports automated transaction monitoring and other monitoring systems and, as a consequence, aids the activities of the compliance function.

The relationship between the compliance function and IT professionals in the pursuit of technological fixes for managing financial crime risks and the use of innovations in technology for handling trends in the development of new products and services and related regulatory changes in a digital age.

6. AML/FCC in the Context of Organised Crime and Corruption An evaluation of the nature of organised crime and corruption in the global and regional context with reference to the responses and strategies developed by intergovernmental agencies and standard setters.

The approach to managing the risk of corruption in respect of AML and FCC systems.

An exploration of the increased reporting and disclosure obligations on financial instutions and consideration of emerging regulatory and legal considerations.

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Assessment You will be assessed by:

• The production of 8 x 1000 word masterclass commentaries: these are summaries of the key learning points outlined in the masterclasses and its impact on your own practice, which forms the reflective journal• First submission of each commentary will be reviewed by the Programme Director and feedback provided• A three hour competency-based interview, using both information describing your career to date and other evidence you wish to submit to map your knowledge, skills and experience against the National Occupational Standards of Competence

National Occupational Standards of CompetenceYour performance on the programme will be measured, against the National Occupational Standards of Competence produced originally by the Financial Services Skills Council (FSSC) and the ICA and revised recently by the Financial Skills Partnership (FSP)

The Standards are statements of competence which articulate the requirements for effective performance in the workplace. Competence is defined as a combination of skills as well as knowledge and understanding

Entry requirementsIn order to be eligible for the programme you should:

• Hold a first degree and be a senior practitioner (i.e. hold a senior management role) with at least three years’ experience in that role or at the equivalent level of seniority, or • Possess an ICA Diploma, have at least five years’ experience in a related discipline and currently work in a role that includes senior level responsibilities and regular engagement with senior practitioners, or• have at least ten years’ experience in a relevant senior management role

7. De-risking: Linking Risk Assessment to Business Strategy The methods of linking business strategy to AML and financial crime risk while acknowledging the global regulatory context.

Techniques and strategies for ensuring de-risking is undertaken in an effective manner while managing the range of risks and issues inherent in withdrawing from markets or customer segments.

How governance structures can be developed to enable sustainable business growth.

8. Sanctions: Perspectives from the Regulator The nature and purpose of sanctions regimes, how compliance with regimes such as the US OFAC is regulated and enforced, and the consequences of compliance breaches.

The growing expectations of financial services organisations in meeting their obligations and responsibilities to screen, monitor and detect activities, individuals and transactions that may result in suspicion of a sanctions violation.

This is a really excellent course which I will recommend to others.

HOW TO APPLYIn order to maximise your learning potential, the course has a restricted number of places. We recommend that you submit your application in good time to secure the best opportunity of being offered a place on this course.

Enrol online at www.int-comp.com/enrol-online

To support your application you will be required to provide the following supporting documents:• CV• Job profile• Organisational chart

If you do not have a current job profile, you will need to draft a paragraph summarising your previous job role and the position that you held in the firm.

ICAB012

International Compliance Association Wrens Court, 52-54 Victoria Road, Sutton Coldfield, Birmingham B72 1SX United Kingdom

+44 (0) 121 362 7501 | ict@int-comp.com | www.int-comp.org

Awarded in association with

Wilmington Risk & Compliance

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