Welcome to the ICA Open Day
Pekka Dare Director of Education and Training Jonathan Bowdler Head of Regulatory Compliance
URL: icabriefings2018.com View your personal Agenda • View Speaker lists • View Useful Event Information • Post on the Activity Feed • WiFi: hte WiFi Passcode: venues
Objectives of the day 1) What qualification shall I do? 2) What level is right for me? 3) What will the impact be on my career? 4) What are my next steps ?
What shall I study? What’s my current role? • What’s my aspirational role? • What is my experience, where should I start? •
Senior Manager/ Manager/ New Entrant/ Analyst/officer Senior Manager Director operations Advanced PPG Dip Diploma Certificate Certificate Leading Managing Understanding Doing Affiliate Associate (AICA) Prof. Member Fellow (FICA) (MICA)
Your learning experience
Course format Level 2 Certificate Level 4 Advanced Level 6 Diploma Level 7 Professional qualification Certificate qualification Postgraduate qualification qualification (3 months) (6 months) (9 months) (6 months) Two residential Two workshops or Four workshops or Online weekend virtual classrooms virtual classrooms workshops 25 multiple-choice Eight 1000 word questions Two 2500 word Three 3500 word masterclass completed assignments assignments commentaries online 2-3 hour 3 hours for CDD competency- examination based oral (exam only) interview
How do I study? Self study Virtual Workshops classrooms Tutor Assignment(s) Support End of course examination (certain courses only )
Financial Crime Compliance qualification framework ICA Professional Postgraduate Diploma in Financial Crime Compliance FCC ICA International Diploma in Anti Money ICA Diploma in Financial Crime Prevention Laundering ICA International ICA Advanced ICA Advanced ICA Advanced Advanced Certificate Certificate in Practical Certificate in Certificate in Anti Money Customer Due Managing Sanctions in Managing Fraud Laundering Diligence Risk ICA Certificate in ICA Certificate in ICA Certificate in Anti ICA Certificate in KYC Financial Crime Managing Sanctions Money Laundering and CDD Prevention Risk ICA Specialist ICA Specialist ICA Specialist ICA Specialist Certificate in Certificate in Certificate in Money Certificate in Trade Managing Financial Combating Financing Laundering Risk in Based Money Crime in Global of Terrorism Private Banking Laundering Banking & Markets ICA Specialist ICA Specialist ICA Specialist Certificate in Certificate in Money ICA Specialist Certificate in Money Managing Financial Laundering Risk in Certificate in Anti- Laundering Risk in Crime in Mobile Correspondent Corruption Betting and Gaming Financial Services Banking
The CDD Process Inputs Outcomes CDD Customer Profile Customer Identification Relationship Customer Sof/Sow Identification Risk Factors Prospect Acceptabiity of Accepted Rating & Customer The Relationship Customer Assessment Beneficial Owners Customer & Controllers Verification Structured KYC File Screening Sanctions, Peps, Media
US Sanctions • Jurisdictional Reach • What is a US Nexus? • Secondary Sanctions • US Persons?
US Global Reach • US Dollars • Anti- facilitation – Use of US infrastructure Cloud computing • Global accounting systems and databases • General Licence H • • State Level Sanctions
Practical skills
Regulatory Compliance qualification framework ICA Professional Postgraduate Diploma in Governance, Risk and Compliance ICA International Diploma in Governance, Risk and Compliance ICA International ICA Advanced Certificate ICA Advanced Certificate Advanced Certificate in in Business Compliance in Legal Compliance Regulatory Compliance ICA Certificate in ICA Specialist Certificate in Compliance Conduct Risk
Exercise one • Design a one page hand-out that summarises the complete UK financial services regulatory landscape as it stands now • This structure should contain more than simply the regulators, it should reflect as full a picture of the main influences in the UK today as possible on one side of paper
Interactive workshops
Assignment question example Produce a paper to present to the Board of a regulated firm in a jurisdiction and sector of your choice. The paper should consider how the current economic and political environment, together with increased political and media focus, is currently impacting upon Governance, Risk and Compliance (GRC) issues for your chosen firm. Your answer should be supported by relevant examples and include coverage of, but not be limited to, topics such as the following; • how the regulatory environment has changed over the last 5 years • current regulatory developments and hot topics • known and potential future regulatory developments • Impact upon the structure, strategy and objectives of the GRC functions in the firm • current and potential barriers to effective regulatory risk management in the firm • consequent opportunities and threats to the firm. Total 100 marks
Regulators AMBS designations You National Occupational Recruiters Standards of Competence UK Finance
We keep you current
Your professional community
ICA’s 11 th Annual Conference : The BIG Compliance Conversation 11 April 2019, Central London
Accessibility • Online and virtual courses • Face-to-face courses • Apprenticeship scheme • The risk compliance officer (L3) standard – Certificates, Specialist Certificates and the Advanced Certificate in Compliance • The senior risk compliance officer (L6) standard – Advanced Certificate in AML, Advanced Certificate in FCP, Advanced Certificate in CDD, Diploma in GRC, Diploma in AML, and Diploma in FCP.
London- Courses starting soon • International Advanced Certificate in AML • Advanced Certificate in Practical CDD • Advanced Certificate in Regulatory Compliance • Advanced Certificate in Managing Fraud • Advanced Certificate in Legal Compliance • International Diploma in AML • International Diploma in GRC • Diploma in FCP • PPGDiploma in FCC – end of September • PPGDIploma in GRC – end of December
Q&A Over to you
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