People working in compliance have not always had to hold specific qualifications. However, with the increasing importance of compliance and the growing involvement of the FSA, qualifications are also becoming more important.
Qualifications vary, depending on what sector of the industry you are working in. The main split is between the retail sector and the securities & banking sector.
For the Retail Financial Services Sector:
www.cii.co.uk - The CII website www.cii.co.uk offers comprehensive information on the examination procedure, syllabus and recommended reading lists.
Certificate in Financial Administration
Certificate in Life and Pensions
Certificate in Equity Release
Certificate in Financial Planning
Diploma in Regulated Financial Planning
Advanced Diploma in Regulated Financial Planning
Award in Financial Planning
It might also be necessary for professionals to ensure their qualifications/knowledge regarding the Retail Mediation Review is up to date and therefore should regularly check the regulator’s requirements by visiting www.fsa.gov.uk
For the Insurance industry:
www.cii.co.uk
Award in Insurance
Certificate in Insurance
Award in London Market Insurance
Diploma in Insurance
Advanced Diploma in Insurance
MSc in Insurance and Risk Management
Fellowship - Fellowship of the CII is universally regarded as the premier qualification for those working in the insurance industry.
For Mortgages:
www.cii.co.uk
Certificate in Mortgage Practice
Certificate in Equity Release (mentioned above)
For Securities and Investments:
www.secinst.co.uk The website offers comprehensive information on the examinations, the procedures and relevant syllabus.
There are different levels of membership to the Chartered Institute of Securities and Investments:
Student, Associate, Member, Chartered Member and Chartered Fellow depending on the level of qualification achieved.
Foundation level
Introduction to Investments and International Introduction to Investments
Wholesale
Level 3 certificates in: Commodity Derivatives, Derivatives, Financial Derivatives, Investment Management, Securities
International Investment Management
Global Securities
Diploma units: Financial Derivatives, Fund Management, Bonds and Fixed Interests Markets, Regulation and Compliance
Wealth:
Investment Advice Diploma
Level 4 Diplomas in: Securities, Derivatives, Private Client Advice
International Certificate in Wealth Management
Level 5: Private Client Advice Unit
CISI Diploma: Certificate in Private Client Investment Advice and Management
CISI Masters in Wealth Management
These are courses designed to assist and develop the knowledge of those working in this type of business rather than compliance professionals specifically but the CISI offers specialist courses too:
Certificate in Financial Derivatives for Directors
Corporate Finance
Islamic Finance Qualification
Risk in Financial Services
Combating Financial Crime
International Compliance
Diploma in Investment Compliance
Other qualifications are offered by the International Compliance Association:
www.int-comp.org.uk The website offers detailed information on the examinations and course content enable you to choose the appropriate course for you.
In the UK:
ICA Certificated Anti Money Laundering Awareness Training
ICA Diploma in Anti Money Laundering
ICA Certificated Compliance Awareness Training
ICA Advanced Certificate in Compliance
ICA Diploma in Compliance
ICA Certificated Financial Crime Awareness Training
ICA Diploma in Financial Crime Prevention
They also offer a Degree in Management with Compliance (BSc)
There are courses for International compliance professionals:
ICA International Certificated Anti Money Laundering Awareness Training
ICA International Diploma in Anti Money Laundering
ICA International Certificated Compliance Awareness Training
ICA International Advanced Certificate in Compliance and Financial Crime
ICA International Diploma in Compliance
ICA International Certificated Financial Crime Awareness Training
ICA International Diploma in Financial Crime Prevention
Compliance professionals might also be interested in the work of the Compliance Institute www.complianceinstitute.co.uk, the Institute of money laundering prevention officers professionals www.imlpo.com and the Association of Money Laundering Professionals Forum www.amlpforum.com |
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