Compliance
This programme is designed for those who work or aspire to work in a professional capacity within a compliance function in financial services. Both the professional certificate and professional diploma are designed to enhance skills, judgement and ability to deal with practical issues in the management and practice of compliance in the financial services industry.
| Award Name | Special Purpose Diploma (Level 7 NFQ) |
|---|---|
| NFQ Classification | Special Purpose |
| Awarding Body | University College Dublin |
| NFQ Level | Level 7 NFQ |
| Award Name | Special Purpose Certificate (Level 7 NFQ) |
| NFQ Classification | Special Purpose |
| Awarding Body | University College Dublin |
| NFQ Level | Level 7 NFQ |
| Award Name | NFQ Classification | Awarding Body | NFQ Level |
|---|---|---|---|
| Special Purpose Diploma (Level 7 NFQ) | Special Purpose | University College Dublin | Level 7 NFQ |
| Special Purpose Certificate (Level 7 NFQ) | Special Purpose | University College Dublin | Level 7 NFQ |
Duration
1-2 Trimesters
Delivery: Online.
Entry Requirements
The Professional Certificate in Compliance is a general entry point to IOB’s qualification structure and is open to both school leavers and graduates. In addition, candidates must be affiliate members of ACOI. Affiliate membership can be applied for at the same time as registering for the programme.
Entry to the Professional Diploma in Compliance is limited to those who have successfully completed or registered for the Professional Certificate in Compliance.
To enrol on PDC4 - Compliance Management, candidates must have enrolled for or passed the first three modules: PDC1, PDC2 and PDC3.
Professional Body Membership
You must be a current member of the Association of Compliance Officers in Ireland, or become a member, to undertake this programme.
Further information
This programme enrols three times a year.
Summer Trimester
Start date: 06 July 2023
€680 per module
PDC 3 Legal & Regulatory Aspects of Compliance - €680
PDC 4 Compliance Management - €680
Closing date: 14 July 2023
Overview
Who is this programme for?
It is designed to enhance skills, judgement and ability to deal with practical issues in the management and practice of compliance in the financial services industry.
Professional Certificate:
Those who successfully complete PDC 1 - Compliance and the Regulatory Structure and PDC 2 - Conduct of Business Rules are awarded the Professional Certificate in Compliance. The professional certificate, a level 7 qualification in its own right, introduces you to the theory of regulation and to its application to the financial services industry. The professional certificate is popular with students who require an introduction to the area of compliance as well as those who already work in the area and are looking to achieve the recognised industry and accredited qualification.
Professional Diploma:
If you complete a further two modules, PDC 3 - Legal and Regulatory Aspects of Compliance and PDC 4 - Compliance Management, you are awarded the Professional Diploma in Compliance. The professional diploma, also a level 7 qualification, is the benchmark qualification for compliance professionals in all sectors of the financial services industry.
How you will benefit:
On successful completion of the Professional Certificate and Diploma in Compliance you will be able to;
Understand the role of compliance within a financial services organisation.
Explain the theory and describe the practice of regulation from both an Irish and International perspective
Describe the impact of relevant regulation and the role of the various regulatory bodies on the operation of the compliance function
Describe the legal environment that applies to the Financial Services industry
Assess the systems of controls, assurance and governance in an organisation
Critically evaluate the importance of ethics and their role in the compliance function
Understand the impact of regulatory rules relating to how consumers of financial services are protected
Assess the authorisation, supervision and prudential requirements for different financial entities
Analyse the relationship between compliance and the control systems in an organisation.
Describe where the compliance function fits within a financial services organisation.
Explain the impact of conduct of business rules on financial services providers.
Devise a regulatory relations policy in relation to inspections, themed visits and routine relations
Identify and pursue appropriate learning opportunities (academic and non-academic) which enhance their professional career ambitions and individual capabilities.
Continuous Professional Development:
If you hold an IOB designation or a designation managed by IOB, CPD hours may be awarded on successful completion of this programme.
Professional Designation:
Individuals who pass the Professional Diploma in Compliance are entitled to apply for the designation ‘Licentiate of the Association of Compliance Officers in Ireland’ and use the designatory letters LCOI. Continued use of this designation is subject to meeting ACOI’s Continuing Professional Development requirements.
Recipients of the Compliance Institute's LCI designation are also recognised internationally as ICCP (Internationaly Certified Compliance Professional).
Modules and learning outcomes
PDC 3 Legal & Regulatory Aspects of Compliance
(NFQ level 7, 5 ECTS)
• Assess the authorisation, supervision and prudential requirements for various financial entities Describe the legal environment which applies to financial services and outline the key principles of Company, Contract, Competition and Securities Law. Explain the nature of fiduciary relationships, and evaluate their significance in a regulatory environment.
PDC 4 Compliance Management
(NFQ level 7, 5 ECTS)
• Appraise the concepts behind compliance practice, planning and monitoring and evaluate the broadening role of compliance and the compliance officer.
• Analyse the importance of compliance reporting and devise a regulatory relations policy in relation to inspections, themed visits and routine relations.
• Critically evaluate the importance of Ethics and Reputation in the compliance function.
• Assess the system of controls, assurance and governance in an organisation and analyse the relationship between these and compliance.
Two hour exam for each module at the end of the trimester. The exams consist of written case-study and essay style questions.
Award
Professional Diploma in Compliance from UCD
Minimum Competency Code
The Professional Diploma in Compliance and LCI designation satisfies the Central Bank of Ireland's Minimum Competency Code for those who 'adjudicate on any complaint communicated to a regulated firm by a consumer which relates to advice about a retail financial product provided to that consumer or the arranging of a retail financial product for that consumer'.
For more information please contact education@iob.ie
Institute of Banking
Email: info@iob.ie
Phone: +353 (0)1 6116500
Fax: +353 (0)1 6116565