17 18 Institute of Banking

 
17 18 Institute of Banking
International Financial Services
Prospectus                         17
                                     18
17 18 Institute of Banking
The Institute of Banking
IFSC
1 North Wall Quay
Dublin 1

P +353 (0)1 611 6500
E info@iob.ie
W www.iob.ie

2   The Institute of Banking | International Financial Services Prospectus 2017/2018
17 18 Institute of Banking
Contents

AN INTRODUCTION TO THE INSTITUTE OF BANKING
02    |   Welcome
03    |   Your team
03    |   Who we are
04    |   Funding available through Summit Finuas Network
05    |   Our partners
07    |   Full programme listing

DETAILED PROGRAMME INFORMATION
08    |	
        University Qualifications (level 7)
08    |   Professional Certificate in International Investment Fund Services
10    |   Professional Certificate in Complex Financial Instruments in International Financial Services
12    |   Professional Certificate in Digital Financial Services and Data Analytics
14    |   Professional Diploma in Compliance (LCOI)
16    |   Professional Certificate in People Management
18    |   Professional Certificate in Financial Crime Prevention

20    |	
        University Qualifications (level 8)
20    |	Professional Certificate in Investment Fund Services Risk Management
         (Operational Risk, Conduct Risk and Risk Culture) (PRMIA)

22    |	
        University Postgraduate Qualifications (level 9)
22    |	Professional Certificate in Data Protection (CDPO)
24    |	Professional Certificate in Financial Crime Prevention (CFCPP)
26    |	Graduate Diploma in Financial Services/MSc in Financial Services (Chartered Banker)
28    |	Professional Diploma in Applied Alternative Investments
30    |	MSc in Compliance (FCOI)

OPERATIONAL INFORMATION
32    |	Other programmes you may be interested in
34    |	How we help you to get the best from your programme
36    |	Programme Information including Semester Start and Closing Dates
40    |   Membership and Professional Designations - your badge of excellence

42    |	
        Examination Schedule

The Institute of Banking | International Financial Services Prospectus 2017/2018                          01
17 18 Institute of Banking
Welcome

                                                                                        Our qualifications
                                                                                        Our qualifications are designed to give you ‘core’ and ‘specialist’ skills
                                                                                        at different educational levels. You can build your qualification to your
                                                                                        career need or simply to build knowledge. In conjunction with Irish
                                                                                        Funds we have increased our programme offerings for the Funds
                                                                                        industry. We have had an excellent response to the Professional
                                                                                        Certificate in International Investment Fund Services, the Professional
                                                                                        Certificate in Investment Fund Services Risk Management (Operational
                                                                                        Risk, Conduct Risk and Risk Culture) and the Professional Diploma
                                                                                        in Applied Alternative Investments, among others. Our continued
                                                                                        partnership with Summit Finuas gives our members the opportunity to
Welcome to our 2017/2018 prospectus. It will give you                                   reduce training costs through the availability of grant funding.
a good overview of our wide range of programmes to
help you develop and build your career in financial                                     How we help you learn
services. Log on to www.iob.ie to find out even more.
                                                                                        A key element of our education delivery structure is to facilitate those
                                                                                        who are working. We deliver many programmes online with a range
                                                                                        of supports so you can study in your own time, at your own pace and
Our mission for you                                                                     access the material on your PC, laptop, tablet or smartphone. Many
Our commitment is to provide you with university education that has                     of our postgraduate programmes are delivered through blended
practical relevance to your career. This is important because change is                 learning which means partly delivered online and partly by lecture. Our
constant. We are here to help and support you in meeting your career                    programmes range from Professional Certificate to Masters Degrees.
goals and we wish you every success.                                                    We also continue to hold lectures, seminars and other events in our
                                                                                        learning centre at our premises on North Wall Quay, right in the heart
Education is an essential element of professional competence. We are                    of Dublin’s International Financial Services Centre, on UCD’s Belfield
committed to enhancing your knowledge, skills and qualifications so                     campus and in six locations around the country.
that you can meet and exceed customer expectations and strengthen
your own knowledge and confidence for your career journey.                              Membership
                                                                                        All our students are members and are part of a 35,000 strong
                                                                                        community working in banking and international financial services
                                                                                        throughout Ireland. As a Recognised College of University College
                                                                                        Dublin (UCD), the development of our members through education is at
                                                                                        the heart of what we do.

                                                                                        We are the largest professional membership body in Ireland and the
                                                                                        largest provider of online Continuing Professional Development (CPD).
                                                                                        The Institute is a not-for-profit organisation.

                                                                                        Michael Feeney
                                                                                        Chief Executive, The Institute of Banking

02   The Institute of Banking | International Financial Services Prospectus 2017/2018
17 18 Institute of Banking
Your team

Laura Brouder BBS, MSc                                      Edel Hayden                                       Liz Irving
Programme Director                                          Programme Manager                                 Programme Officer

E laura.brouder@iob.ie                                      E edel.hayden@iob.ie                              E elizabeth.irving@iob.ie

Contact us with any questions you may have as you choose your programme
or throughout your studies with us.

Who we are

The Institute of Banking offers relevant, university accredited and portable qualifications to help your career.
Our programmes are developed in conjunction with the industry.

                The Institute of Banking was                                 When graduating you will                     There are now over 35,000
                founded in 1898.                                             receive your academic award                  members of the Institute.
                                                                             from University College Dublin
                                                                             (UCD).

                550 students from                                            60 Irish Funds member                        Our faculty include academics
                International Financial                                      firms had employees taking                   and industry experts.
                Services studied with us in                                  a qualification with us in
                2016/2017.                                                   2016/2017.

The Institute of Banking | International Financial Services Prospectus 2017/2018                                                                          03
17 18 Institute of Banking
Funding available through
Summit Finuas Network

Membership benefits                                                                     Benefits for employers
Companies operating within the international financial services sector,                 –	Avail of a comprehensive range of specialist courses designed for
or providing services to the sector, can join Summit Finuas Network                        the international financial services sector
in order for their employees to participate in training and education                   –	Opportunity to significantly reduce training costs through the
which is jointly funded by the companies and the network’s Finuas                          availability of grant funding
funding. Grant funding of up to 25% is available to eligible companies.                 –	Provides the opportunity to work with education and training
                                                                                           providers to update and amend course content in line with market
                                                                                           developments
About Summit Finuas Network                                                             –	Ensure your employees acquire the latest skills to maintain your
The Summit Finuas Network is part of the Finuas Networks                                   organisation’s competitiveness
Programme and is dedicated to providing training and networking                         –	Opportunity to network and collaborate with other member
opportunities for the international financial services sector. Managed                     companies
by Skillnets Ltd. on behalf of the Department of Education and Skills,
the Network aims to support the sector in maintaining Ireland’s
position as a top international financial services centre through
                                                                                        How to get involved
investment in the specialist skills and expertise of its workforce.                     –	Sign up for free at: www.summitfinuasnetwork.com
The Network is led by a steering group which includes member                            –	Telephone: +353 (0)1 605 1546
companies and the leading financial services industry associations:                     –	Email: info@summitfinuasnetwork.com
Financial Services Ireland (FSI); Irish Funds (if); Federation of                       –	Tweet us: @summitfinuas
International Banks in Ireland (FIBI); Dublin International Insurance                   –	LinkedIn: @SummitFinuasNetwork
and Management Association (DIMA); and the Irish Association of
Investment Managers (IAIM).
                                                                                        For further information you can contact
                                                                                        Gillian O'Keefe, Network Executive
Network activity                                                                        Summit Finuas Network
The Summit Finuas Network was established in mid-2009. Since then                       84-86 Lower Baggot Street
we have delivered over 500 courses to over 9,000 participants from                      Dublin 2
250 companies operating in the international financial services sector                  W: www.summitfinuasnetwork.com
in Ireland.

Courses have ranged from specialist workshops in Solvency II and
Basel III, certified programmes in Financial Regulation and Complex
Financial Instruments up to Postgraduate/Masters level i.e. the
Professional Diploma in Applied Alternative Investments and MSc in
Compliance.

                    The Summit Finuas Network is funded by member companies and the Finuas Networks Programme, managed by Skillnets,
                                   funded from the National Training Fund through the Department of Education and Skills.

04   The Institute of Banking | International Financial Services Prospectus 2017/2018
17 18 Institute of Banking
Our partners

Our programmes are offered in partnership with:                                                                     I could attend
                                                                                                                    a workshop on
                                                                                                              a Saturday and then
                                                                                                              implement my new
                                                                                                              learnings in a real-life
                                                                                                              scenario on Monday
                                                                                                              morning. The programme
                                                                                                              has true industry
Our programmes are closely aligned to the                           The Association of Compliance             relevance”.
needs of the international investment fund                          Officers in Ireland.
community through our work with Irish Funds.                                                                  Jonathan Carey,
                                                                                                              Vice President, Northern Trust.

Professional Risk Managers’                                         Summit Finuas Network
International Association

Designed for you
Our part-time
programmes are
designed for those
who are working
and studying. You
study with us online                         Lectures are offered across           Globally, our programmes
                                             Ireland in;                           have run in;
and/or face-to-face
lectures (evenings or                        – Cork                                – Bangalore
weekends).                                   – Dublin                              – Krakow
                                             – Kilkenny                            – Luxembourg
                                             – Limerick                            – Warsaw
                                                                                   – Wroclaw

The Institute of Banking | International Financial Services Prospectus 2017/2018                                                                05
17 18 Institute of Banking
I found the
                                                                                               programme very
                                                                                        relevant and topical,
                                                                                        covering many of the
                                                                                        current key risk areas of
                                                                                        focus. It was also a good
                                                                                        opportunity to meet peers
                                                                                        from other firms and get
                                                                                        a broader perspective on
                                                                                        practical approaches to
                                                                                        risk management across
                                                                                        the industry.”

                                                                                        Paul Leech
                                                                                        Northern Trust

                                                                                        First placed candidate for
                                                                                        Professional Certificate in
                                                                                        Operational Risk Management for
                                                                                        Investment Fund Services

06   The Institute of Banking | International Financial Services Prospectus 2017/2018
Programme listing

University Qualifications (level 7)
Professional Certificate in International Investment Fund Services
Professional Certificate in Complex Financial Instruments in International Financial Services
Professional Certificate in Digital Financial Services and Data Analytics
Professional Diploma in Compliance (LCOI)
Professional Certificate in People Management
Professional Certificate in Financial Crime Prevention

University Qualifications (level 8)
Professional Certificate in Investment Fund Services Risk Management
(Operational Risk, Conduct Risk and Risk Culture) (PRMIA)

University Postgraduate Qualifications (level 9)
Professional Certificate in Data Protection (CDPO)
Professional Certificate in Financial Crime Prevention (CFCPP)
Graduate Diploma in Financial Services/MSc in Financial Services (Chartered Banker)
Professional Diploma in Applied Alternative Investments
MSc in Compliance (FCOI)

The Institute of Banking | International Financial Services Prospectus 2017/2018                07
University Qualifications (Level 7)

Professional Certificate in
International Investment
Fund Services

Who is this programme for?                                                              Reflecting industry practise and
The Professional Certificate in                                                         developments
                                                                                        Designed and delivered by the industry, the Professional Certificate
International Investment Fund Services                                                  in International Investment Fund Services is the acknowledged
is a unique and specifically-designed                                                   qualification of, and for, the international funds industry. A three
                                                                                        module programme, the first module, Introduction to Investment
programme to support the international                                                  Funds, introduces and contextualises the fund as an investment
investment funds industry.                                                              product, discusses the investment fund from its establishment right
                                                                                        through its life cycle and the various involvements and interjections
                                                                                        through that life cycle. The Fund Accounting and Valuation for
The programme will be of interest and                                                   International Investment Funds module outlines the accounting and
                                                                                        valuation aspects of investment funds, including the accounting
particular relevance to those working,                                                  statements for funds, the calculation of the Net Asset Value (NAV)
and those seeking to work, in the                                                       and the importance of and controls around ensuring an accurate
                                                                                        NAV. The third module, Custody and Transfer Agency, examines
investment funds industry and newly                                                     the operation and the roles and responsibilities of the custody and
practising professionals working in the                                                 transfer agency functions for international investment funds.
asset management and investment funds
areas in the legal and auditing advisory                                                Benefits for you and your organisation
firms.                                                                                  The overall aim of the programme is to introduce, discuss and
                                                                                        describe the investment fund from its inception right through to its
                                                                                        termination detailing the functions and parties to a fund, the roles,
                                                                                        responsibilities and activities of all the parties to the fund and how
                                                                                        each area interacts with each other. It will enable you to:
                                                                                        –	Describe the functions, objectives, structures and types of
                                                                                           investment funds
                                                                                        –	Explain the legal and regulatory environment for investment funds
                                                                                           including investor classifications and risk controls
                                                                                        –	Discuss the role of outsourcing and specialist servicing jurisdictions
                                                                                           in the international fund industry
                                                                                        –	Understand the fundamental accounting principles, standards and
                                                                                           the financial statements of an investment fund
                                                                                        –	Calculate the Net Asset Value (NAV) for single and multi-share
                                                                                           class funds and understand the importance of an accurate NAV and
                                                                                           the controls surrounding its calculation
                                                                                        –	Describe and understand the critical role and responsibilities of the
                                                                                           custodian and transfer agent in the global investment funds industry
                                                                                        –	Explain the main custody and shareholder services including cash
                                                                                           management, dealing, settlements registration, investor trade
                                                                                           processing and investor-level fee calculations
                                                                                        –	Discuss and have a strong awareness of Anti-Money Laundering,
                                                                                           Common Reporting Standards (CRS) and other major international
                                                                                           industry initiatives and developments.

                                                                                        This programme is offered in partnership with Irish Funds.

08   The Institute of Banking | International Financial Services Prospectus 2017/2018
Curriculum                                   Entry requirements                    Interested? Next steps
You study three modules as                   –	Five passes in the Leaving         1	For further information on
follows:                                        Certificate, including English        this programme including
                                                and Mathematics                       Syllabus Summary, Learning
–	Introduction to Investment
                                             or                                       Supports, Recognised Prior
   Funds
                                                                                      Learning (Exemptions)
   (NFQ Level 7, 5 ECTS)                     –	Five O Level or GCSE passes,          and CPD Accreditation,
–	Fund Accounting and Valuation                including English Language            visit www.iob.ie/ifs
   for International Investment                 and Mathematics.
   Funds                                                                           2	Check exam dates in the
   (NFQ Level 7, 5 ECTS)                     The Institute will also consider         Examination Schedule on
                                             applications on a mature                 pages 40-44
                                                                                                                               I would recommend
–	Custody and Transfer Agency
   (NFQ Level 7, 5 ECTS)
                                             candidate basis from applicants                                                   this programme to
                                             who are 23 years of age before        3	Before registering, read the     anyone who is currently
                                             the date of their application for
                                             admission to the programme.
                                                                                      ‘Registering to a Programme’     working in the funds
Award                                                                                 section on pages 32-37           industry, or those looking
When you successfully                                                                                                  to get into this area. It
                                                                                   4	Complete your registration
complete this programme you                  Fees                                     online at www.iob.ie/ifs or      gives you a fantastic
will be awarded a Professional
                                             c630 per module                          download the registration form   insight into the industry
Certificate in International                                                          and submit to the Institute.     from all aspects.”
Investment Fund Services (level
                                             Part funding may be available
7) from UCD.
                                             for eligible applicants through                                           Lorraine Murray
                                             Summit Finuas Network.                Closing dates                       Project Coordinator, Fund Assist

Assessment                                                                         The closing date to register for
                                             For more information see              December 2017 exams is
End of semester examinations:                www.iob.ie/sfn                        8 September 2017.
Written, case-study and essay-
style questions                                                                    The closing date to register
                                             Professional body                     for May 2018 exams is
The pass mark is 40% in all                  membership                            12 January 2018.
modules in line with UCD
                                             You must be a current member of
academic policy
                                             the Institute or become a member,
                                             to undertake this programme.
Exam duration
All 3 exams are 120 minutes.                 Membership is currently c40 per
                                             calendar year.

Delivery
Blended - online and face-to-face
lectures.

The Institute of Banking | International Financial Services Prospectus 2017/2018                                                                     09
University Qualifications (Level 7)

Professional Certificate in
Complex Financial Instruments in
International Financial Services

Who is this programme for?                                                              Benefits for you and your organisation
                                                                                        On successful completion of this programme, you will be able to:
This programme is designed for an ever
                                                                                        – Explain how the most common complex financial instruments and
increasing range of people working in                                                      derivatives work and understand their uses
the international financial services area                                               – Evaluate the benefits and risks of differing instruments and explain
who are engaged in activities which                                                        how they can be used for speculation, arbitrage, hedging and general
                                                                                           risk management
require a good working knowledge of the                                                 – Describe how these instruments are used for investment strategies
characteristics of derivative products and                                                 within the major asset classes (equities, currencies, bonds,
                                                                                           commodities and property)
complex financial instruments.
                                                                                        – Appraise the role of regulation and the rating agencies in the
The use of complex financial instruments in investment fund                                application of financial instruments
strategies has seen a huge increase over the past five years. Many                      – Understand the role that complex financial instruments played in the
alternative fund strategies seek to generate returns from asset                            past market turmoil and what lessons can be learned for the future
classes solely created from derivative structures, such as the use of                   – Review the use of complex financial instruments in financial
Total Return Swaps or Credit Default Swaps for long-short strategies                       institutions from an internal and external viewpoint, including
in equities or bonds. Derivatives are now used in combination with                         accounting treatment/reporting, risk management and regulation.
even the most basic equity and bond management strategies.

The growth in derivative usage comes at a time of vast changes in
regulatory oversight in both Europe and the US, as a reaction to the
recent financial crisis. The regulatory changes are being implemented
through the European Market Infrastructure Regulation (EMIR) and
will impact the most fundamental aspects of how these products
are traded, how collateral/counterparty risk is treated and how
transactions are reported.

Understanding the risk and return characteristics of complex products
and the derivatives which underpin those strategies has now become
a critical function in the asset management, valuation and trading
areas in international financial services.

The objective of this programme is to provide you with not only a very
practical understanding of how the most common types of complex
financial instruments and derivative products are used in the financial
markets, but also their use in hedging, risk management and return
enhancement strategies.

10   The Institute of Banking | International Financial Services Prospectus 2017/2018
Curriculum                                   Delivery                              Professional body
You study one module as follows:             Lectures                              membership
–	Complex Financial Instruments                                                   You must be a current member
                                             It is strongly recommended            of the Institute, or become
   (NFQ Level 7, 5 ECTS)
                                             that students attend all their        a member, to undertake this
                                             scheduled lectures.                   programme.
Award
                                                                                   Membership is currently c40 per
When you successfully                        Entry requirements                    calendar year.
complete this programme you
                                             – Five passes in the Leaving
will be awarded a Professional                                                     Interested? Next steps                      The classes were
                                               Certificate, including English
Certificate in Complex Financial
Instruments in International
                                               and Mathematics                     1	For further information on this          very engaging – the
Financial Services (level 7) from            or                                       programme including Syllabus      lecturer and other students
UCD.                                                                                  Summary, Learning Supports        had a lot of knowledge to
                                             – Five O Level or GCSE passes,
                                                                                      and CPD Accreditation,
                                               including English Language                                               share – and it made for
                                                                                      visit www.iob.ie/ifs
                                               and Mathematics.                                                         interesting lectures”.
Assessment                                                                         2	Check exam dates in the
                                             The Institute will also consider                                           Kenneth Devitt
End of semester examination:                                                          Examination Schedule on
                                             applications on a mature                                                   CDO Analytics Team Lead
Written, essay-style questions                                                        pages 40-44
                                             candidate basis from applicants                                            EMEA, BNY Mellon
                                             who are 23 years of age before
The pass mark is 40% in line with                                                  3	Before registering, read the
                                             the date of their application for
UCD academic policy.                                                                  ‘Registering to a Programme’
                                             admission to the programme.
                                                                                      section on pages 32-37
Exam duration
                                             Experience in derivatives,
120 minutes                                                                        4	Complete your registration
                                             although preferable, is not a
                                                                                      online at www.iob.ie/ifs or
                                             requirement for registering to the
                                                                                      download the registration form
                                             programme.
                                                                                      and submit to the Institute.

                                             Fees                                  Closing date
                                             c1,250                                The closing date to register for
                                                                                   January 2018 exams is
                                             Part funding may be available         22 September 2017.
                                             for eligible applicants through
                                             Summit Finuas Network.

                                             For more information see
                                             www.iob.ie/sfn

The Institute of Banking | International Financial Services Prospectus 2017/2018                                                                  11
University Qualifications (Level 7)

Professional Certificate in
Digital Financial Services
and Data Analytics

Who is this programme for?                                                              Benefits for you and your organisation
                                                                                        On successful completion of this programme you will be able to:
This programme is aimed at those who
                                                                                        –	Describe the relationship between business processes, digital
wish to advance their studies in the area                                                  technology and data, especially as it relates to operations and
of digital transformation.                                                                 customers
                                                                                        –	Describe the key digital technologies in financial services, business,
                                                                                           processes and customer service provision
The programme seeks to develop                                                          –	Explain the critical risks and vulnerabilities which must be managed
an understanding of the impact and                                                         in financial services digital systems
relations between process, technology                                                   –	Outline the features/design of a service system from the customer
                                                                                           facing elements through processing and ongoing customer
and data. This will enable students to                                                     relationship management
identify their role in the interaction of                                               –	Explain the important role of service standards in customer service
                                                                                           provision and how complaints handling is a critical part of recovering
these elements and provide a foundation                                                    the service experience
for students to begin to analyse data in                                                –	Describe the different kinds of data and how data relates to
order to identify improvements in the                                                      information, business intelligence for decision-making and the
                                                                                           difference between using data for analysis and using data for
processes supporting digital financial                                                     predictive modelling
services.                                                                               –	Apply basic statistical and data visualisation techniques and
                                                                                           identify how they can be used to challenge assumptions behind the
                                                                                           information for decision-making
With increased digitisation in many industries, and in particular with
its disruptive potential in financial services, understanding the impact                –	Collect, organise and use data to identify process improvements for
of digital on customers, products and channels has never been more                         increased operational or organisational efficiency and/or enhanced
important. Digital changes are already generating a wealth of useful                       customer service.
data. With the power of data to enhance customer services and
processes, understanding data and being able to use data will be a
basic requirement in any job in the future.

12   The Institute of Banking | International Financial Services Prospectus 2017/2018
Curriculum                                   Entry requirements                    Interested? Next Steps
You study three modules as                   –	Five passes in the Leaving         1	For further information on this
follows:                                        Certificate, including English        programme, including Syllabus
–	Digital Financial Services                   and Mathematics                       Summary, Learning Supports,
   (NFQ Level 7, 5 ECTS)                     or                                       Recognised Prior Learning
                                                                                      (Exemptions) and CPD
–	Introduction to Data Analytics            –	Five O Level or GCSE passes,          Accreditation, visit
   for Financial Services                       including English Language            www.iob.ie/ifs
   (NFQ Level 7, 5 ECTS)                        and Mathematics.
–	Applications of Data Analytics                                                  2	Check exam dates in the
   in Digital Financial Services             The Institute will also consider         Examination Schedule on
   (NFQ Level 7, 5 ECTS)                     applications on a mature                 pages 40-44
                                                                                                                                In the digital
                                             candidate basis from applicants                                                    economy, data is the
                                             who are 23 years of age before        3	Before registering, read the      new gold. This is especially
                                             the date of their application for
Award                                        admission to the programme.
                                                                                      ‘Registering to a Programme’      true in financial services.
                                                                                      section on pages 32-37            This new programme will
When you successfully
complete this programme you                                                                                             introduce students to the
                                                                                   4	Complete your registration
will be awarded a Professional               Fees                                     online at www.iob.ie/ifs or       threats and opportunities
Certificate in Digital Financial                                                                                        being opened-up in
                                             c550 per module                          download the registration form
Services and Data Analytics (level
                                                                                      and submit it to the Institute.   financial services by
7) from UCD.
                                                                                                                        digital technologies.
                                             Professional Body                                                          It will give students
                                                                                   Closing dates                        an appreciation of the
Delivery and                                 Membership
assessment                                   You must be a current member of
                                                                                   The closing date to register for     role data analytics can
                                                                                   January 2018 exams is                play in identifying and
This programme will be delivered             the Institute or become a member
                                                                                   22 September 2017.
using blended learning combining             to undertake this programme.                                               responding to the evolving
face-to-face lectures with                                                         The closing date to register for     needs of internal and
learning supports - Study Guide,             Membership is currently c40 per                                            external customers”.
                                                                                   May 2018 exams is 26 January
text book and online materials.              calendar year.
                                                                                   2018.
The lectures will ensure that                                                                                           Gerry Grenham
concepts and techniques are                                                                                             Programme Director,
clearly illustrated for students.                                                                                       The Institute of Banking
Students will be assessed in a
variety of ways – the continuous
assessment components will
include completing essay-style
reports, commentaries, practical
projects and case studies. For 2
of the 3 modules, there will also
be a formal end of semester final
examination.

The Institute of Banking | International Financial Services Prospectus 2017/2018                                                                   13
University Qualifications (Level 7)

Professional Diploma in
Compliance (LCOI)

Who is this programme for?                                                              –	Describe the impact of relevant regulation and the role of the
                                                                                           various regulatory bodies on the operation of the compliance
This programme is for those who work, or                                                   function
                                                                                        –	Describe the legal environment that applies to the financial services
aspire to work, in a professional capacity                                                 industry
within a compliance function in financial                                               –	Assess the systems of controls, assurance and governance in an
services. Both the professional certificate                                                organisation
and professional diploma are designed                                                   –	Critically evaluate the importance of ethics and their role in the
                                                                                           compliance function
to enhance skills, judgement and ability                                                –	Understand the impact of regulatory rules relating to how
to deal with practical issues in the                                                       consumers of financial services are protected
management and practice of compliance                                                   –	Assess the authorisation, supervision and prudential requirements
                                                                                           for different financial entities
in the financial services industry.                                                     –	Analyse the relationship between compliance and the control
                                                                                           systems in an organisation
Those who successfully complete PDC 1 - Compliance and the
Regulatory Structure and PDC 2 - Conduct of Business Rules are                          –	Describe where the compliance function fits within a financial
awarded the Professional Certificate in Compliance. The professional                       services organisation
certificate, a level 7 qualification in its own right, introduces you to                –	Explain the impact of conduct of business rules on financial
the theory of regulation and to its application to the financial services                  services providers
industry. The professional certificate is popular with students who                     –	Devise a regulatory relations policy in relation to inspections,
require an introduction to the area of compliance as well as those who                     themed visits and routine relations
already work in the area and are looking to achieve the recognised
industry and accredited qualification.                                                  –	Identify and pursue appropriate learning opportunities (academic
                                                                                           and non-academic) which enhance their professional career
If you complete a further two modules, PDC 3 - Legal and Regulatory                        ambitions and individual capabilities.
Aspects of Compliance and PDC 4 – Compliance Management,
you are awarded the Professional Diploma in Compliance. The                             Both programmes are offered in partnership with the ACOI, LIA and
professional diploma, also a level 7 qualification, is the benchmark                    The Insurance Institute.
qualification for compliance professionals in all sectors of the financial
services industry.
                                                                                        Minimum Competency Code
Holders of the diploma are invited to apply for the Licentiate of the                   The Professional Diploma in Compliance and attaching LCOI
Association of Compliance Officers in Ireland (LCOI) designation.                       designation satisfies the Central Bank of Ireland’s Minimum
LCOI is the leading professional designation for compliance                             Competency Code for those who ‘adjudicate on any complaint
professionals in all sectors of financial services in the Republic of                   communicated to a regulated firm by a consumer which relates to
Ireland. Continued use of the designation is subject to meeting annual                  advice about a retail financial product provided to that consumer or the
CPD requirements.                                                                       arranging of a retail financial product for that consumer’.

Benefits for you and your organisation
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

14   The Institute of Banking | International Financial Services Prospectus 2017/2018
Curriculum                                   Entry requirements                    Interested? Next steps
You study two modules as follows:            The Programme is a general            1	For further information on
–	PDC 1 - Compliance and the                entry point to the Institute’s           this programme including
   Regulatory Structure                      qualification structure and is           Syllabus Summary, Learning
   (NFQ Level 7, 5 ECTS)                     open to both school leavers and          Supports, Recognised Prior
                                             graduates. In addition, candidates       Learning (Exemptions)
–	PDC 2 - Conduct of Business               must be affiliate members of the         and CPD Accreditation,
   Rules                                     ACOI. Affiliate membership can           visit www.iob.ie/ifs
   (NFQ Level 7, 5 ECTS)                     be applied for at the same time
                                             as registering for the programme.     2	Check exam dates in the
Students who complete a further
                                                                                      Examination Schedule on
two modules are awarded                      Entry to the Professional Diploma                                                In an ever changing
                                                                                      pages 40-44
the Professional Diploma in                  in Compliance is limited to those
Compliance:
                                                                                                                              regulatory
                                             who have successfully completed       3	Before registering, read the
                                                                                      ‘Registering to a Programme’
                                                                                                                       landscape the pressure
–	PDC 3 - Legal and Regulatory              or registered for the Professional
                                             Certificate in Compliance.               section on pages 32-37           to keep up to date is
   Aspects of Compliance
   (NFQ Level 7, 5 ECTS)                                                                                               immense. This programme
                                             To enrol on PDC4 - Compliance         4	Complete your registration
–	PDC 4 - Compliance                        Management, candidates must              online at www.iob.ie/ifs or
                                                                                                                       allowed me to devote
   Management                                have enrolled for or passed              download the registration form   time to getting up to date
   (NFQ Level 7, 5 ECTS)                     the first three modules: PDC1,           and submit to the Institute.     with several different
                                             PDC2 and PDC3.                                                            areas of compliance, gain
Award                                                                                                                  insights from industry
When you successfully complete
                                             Professional                          Closing dates                       experts, conduct research
this programme you will be                   Designation                           The closing date to register        into specific aspects of
awarded a Professional Diploma               Individuals who pass the              for January 2018 exams is           compliance and regulation
in Compliance (level 7) from UCD.            Professional Diploma in               27 October 2017.                    that were applicable to my
                                             Compliance are entitled to            The closing date to register for    role and the projects I am
Assessment                                   apply for the designation             May 2018 exams is 23 February       involved in. It also creates
                                             ‘Licentiate of the Association of     2018.
End of semester examination:                                                                                           networking opportunities
                                             Compliance Officers in Ireland’
For the modules                              and use the designatory letters       Closing date for September 2018     as you build relationships
PDC 1 and PDC 2:                             LCOI. Continued use of this           exams is 29 June 2018.              with a broader network of
100 multiple choice questions                designation is subject to meeting                                         fellow practitioners”.
Exam duration:                               ACOI’s Continuing Professional
120 minutes                                  Development requirements.
                                                                                                                       Carina Myles
For the modules                                                                                                        Vice President GFS Control,
PDC 3 and PDC 4:                             Fees                                                                      Northern Trust
Written, case-study and essay-               c680 per module
style questions
Exam duration                                Professional body
120 minutes                                  membership
The pass mark is 40% in all                  You must be a current member
modules in line with UCD                     of the Association of Compliance
academic policy                              Officers in Ireland, or become
                                             a member, to undertake this
Delivery                                     programme.
eLearning                                    Membership is currently c150
                                             per year.

The Institute of Banking | International Financial Services Prospectus 2017/2018                                                                     15
University Qualifications (Level 7)

Professional Certificate in
People Management

Who is this programme for?                                                              Benefits for you and your organisation
                                                                                        The programme will be of significant benefit to those relatively new to
The Professional Certificate in People                                                  supervisor or manager roles. It will enable you to:
Management is for those who have, or                                                    –	Describe the key attributes of a successful people manager
aspire to have, a team leadership role                                                  –	Explain how perceptions and attitudes affect the way in which
in financial services. Effective people                                                    individuals work
                                                                                        –	Outline the people manager’s role in developing and implementing
managers are vital to success within the                                                   business plans and strategy
financial services industry.                                                            –	Discuss the role of people manager as a leader in motivating
                                                                                           employees, employee development and team performance
                                                                                        –	Deal constructively with challenges such as managing absence and
This programme introduces the role                                                         underperformance
of the people manager and develops                                                      –	Devise appropriate strategies to prepare team members for change
the core skills of self-management,                                                        and implement a change programme
                                                                                        –	Develop a culture of innovation within a team
communication, coaching, motivation
                                                                                        –	Discuss the impact of culture and managing multicultural teams on
and performance management that are                                                        your team, your organisation and your clients.
needed by those who manage people
and delivers results. It also prepares
participants to respond constructively
to the pace of change in the financial
services industry and to lead their teams
in innovation and adapting to change.

16   The Institute of Banking | International Financial Services Prospectus 2017/2018
Curriculum                                   Entry requirements                    Interested? Next steps
You study two modules as follows:            –	Five passes in the Leaving         1	For further information on
–	Managing Teams for High                      Certificate, including English        this programme including
   Performance                                  and Mathematics                       Syllabus Summary, Learning
   (NFQ Level 7, 5 ECTS)                     or                                       Supports, Recognised Prior
                                                                                      Learning (Exemptions)
–	Innovation, Change and Team               –	Five O Level or GCSE passes,          and CPD Accreditation,
   Leadership                                   including English Language            visit www.iob.ie/ifs
   (NFQ Level 7, 5 ECTS)                        and Mathematics.
                                                                                   2	Before registering, read the
                                             The Institute will also consider         ‘Registering to a Programme’
                                             applications on a mature                                                          The International
Award                                        candidate basis from applicants
                                                                                      section on pages 32-37
                                                                                                                               Financial Services
When you successfully                        who are 23 years of age before                                            industry is characterised
                                                                                   3	Complete your registration
complete this programme you                  the date of their application for                                         by continuous, rapid
                                                                                      online at www.iob.ie/ifs or
will be awarded a Professional               admission to the programme.
Certificate in People Management
                                                                                      download the registration form   change in all aspects
                                                                                      and submit to the Institute.     of the business except
(level 7) from UCD.
                                             Fees                                                                      one – the need to attract,
                                                                                                                       retain and motivate
                                             c460 per module                       Closing dates
Assessment                                                                                                             high performance from
                                                                                   The closing date to register        talented people. The
100% continuous assessment                   Part funding may be available         for January 2018 exams is
                                             for eligible applicants through       22 September 2017.
                                                                                                                       ability to lead people
The pass mark is 40% in all                  Summit Finuas Network.                                                    effectively is an essential
modules in line with UCD                                                                                               skill for anyone pursuing
                                                                                   The closing date to register for
academic policy                              For more information see
                                             www.iob.ie/sfn
                                                                                   May 2018 exams is 26 January        a career in this industry.
                                                                                   2018.                               This programme builds
Delivery                                                                                                               emotionally intelligent
                                             Professional body                                                         leadership, starting with
The programme will be delivered
via face-to-face practical                   membership                                                                the one person you will
workshops.                                   You must be a current member of
                                                                                                                       definitely need to manage
                                             the Institute or become a member,                                         throughout your career –
                                             to undertake this programme.                                              yourself.”

                                             Membership is currently c40 per                                           John McMackin
                                             calendar year.                                                            Programme Co-Ordinator

The Institute of Banking | International Financial Services Prospectus 2017/2018                                                                 17
University Qualifications (Level 7)

Professional Certificate in
Financial Crime Prevention

Who is this programme for?                                                              Benefits for you and your organisation
                                                                                        On successful completion of this programme, you will be able to:
This programme is relevant to every
                                                                                        –	Explain the nature of financial crime and describe its manifestations
sector in financial services. Financial                                                    in financial services;
crime is an escalating worldwide                                                        –	Outline the legal and regulatory frameworks relating to financial
problem, unrestricted by jurisdictions                                                     crime;
                                                                                        –	Identify different types of financial crime and money laundering
and physical boundaries. Preventative                                                      activities perpetrated against financial services providers;
measures including educating staff on                                                   –	Analyse the risks of financial crime to financial services providers
financial crime awareness and detection                                                    and implement the controls, policies and procedures to mitigate the
                                                                                           risks and prevent financial crime.
are key defences.

The Professional Certificate in Financial
Crime Prevention addresses the main
types of financial crime as well as the
policies, procedures and internal controls
intended to prevent it.

18   The Institute of Banking | International Financial Services Prospectus 2017/2018
Curriculum                                   Entry requirements                    Interested? Next steps
You study one module as follows:             –	Five passes in the Leaving         1	For further information on
                                                Certificate, including English        this programme including
–	Financial Crime Prevention
                                                and Mathematics                       Syllabus Summary, Learning
   (NFQ Level 7, 5 ECTS)
                                             or                                       Supports, Recognised Prior
                                                                                      Learning (Exemptions)
                                             –	Five O Level or GCSE passes,          and CPD Accreditation,
Award                                           including English Language            visit www.iob.ie/ifs
                                                and Mathematics.
When you successfully
                                                                                   2	Check exam dates in the
complete this programme you                  The Institute will also consider         Examination Schedule on
will be awarded a Professional               applications on a mature                 pages 40-44
                                                                                                                               Corporate Board
Certificate in Financial Crime               candidate basis from applicants                                                   Members recognise
Prevention (level 7) from UCD.               who are 23 years of age before        3	Before registering, read the     Financial Crime (includ-
                                             the date of their application for
                                             admission to the programme.
                                                                                      ‘Registering to a Programme’     ing Cybercrime) as one
                                                                                      section on pages 32-37           of the top ten risks that
Assessment
                                                                                                                       need to be managed in a
End of semester exam:                                                              4	Complete your registration
                                             Fee                                      online at www.iob.ie/ifs or      business.
Written, essay-style questions
                                             c500                                     download the registration form
The pass mark is 40% in all
                                                                                      and submit to the Institute.     This programme is
modules in line with UCD                                                                                               designed with the finan-
academic policy                              Professional body                                                         cial crime investigator in
                                                                                   Closing dates                       mind. The content focuses
                                             membership
Exam duration                                                                      The closing date to register        on day to day issues that
                                             You must be a current member of
120 minutes                                                                        for January 2018 exams is           can emerge in the Finan-
                                             the Institute or become a member,
                                                                                   22 September 2017.
                                             to undertake this programme.                                              cial Crime Prevention area
                                                                                   The closing date to register for    of any business – across
Delivery                                     Membership is currently c40 per
                                                                                   May 2018 exams is 26 January        the spectrum of Banking,
Online, webinars and a one day               calendar year.
                                                                                   2018.                               Insurance, Credit Union
workshop.
                                                                                                                       or associated industries.
                                                                                   Closing date for September 2018     Achieving the qualifica-
                                                                                   exams is 18 May 2018.
                                                                                                                       tion will position students
                                                                                                                       in a good space in relation
                                                                                                                       to advising on or conduct-
                                                                                                                       ing a basic financial crime
                                                                                                                       investigation.

                                                                                                                       Gerry Gibson
                                                                                                                       Programme Co-Ordinator

The Institute of Banking | International Financial Services Prospectus 2017/2018                                                                19
University Qualifications (Level 8)

Professional Certificate in Investment
Fund Services Risk Management
(Operational Risk, Conduct Risk and
Risk Culture) (PRMIA)

Who is this programme for?                                                              Benefits for you and your organisation
                                                                                        This specialist programme will provide you with:
This programme was designed in
                                                                                        –	A thorough understanding of the key practical and relevant
conjunction with operational risk and                                                      operational risks, conduct risks and risk culture facing investment
conduct risk professionals working                                                         fund services professionals in Ireland today, primarily in the fund
                                                                                           accounting, transfer agency and custody areas
in investment fund services, and is                                                     –	A deep and practical understanding of the requirements and
the benchmark risk management                                                              responsibilities of operational and conduct risk management
qualification for the investment fund                                                   –	An understanding of the components of risk culture
servicing industry.                                                                     –	Global best practice tools for the identification, assessment,
                                                                                           measurement and management of operational risks
The programme is designed to provide a deep, practical understanding                    –	The knowledge and skills to capture, report and investigate
of the key practical and relevant operational risks, conduct risks and                     operational risk events, how to produce meaningful Risk MI
risk culture facing investment fund services professionals today and will                  including Key Risk Indicator (KRI) data and trend analysis, and how
improve business performance.                                                              to implement operational risk appetite
                                                                                        –	An understanding of operational risk frameworks, measurement
The programme is relevant to:                                                              methodologies and best practices
–	Holders of the Professional Certificate or Diploma in International                  –	An understanding of how to manage an operational risk assessment
   Investment Fund Services                                                                programme and apply it in the workplace
–	Investment fund services compliance and risk professionals
                                                                                        –	An ability to blend theory and practice in operational risk
–	Those working in fund accounting, transfer agency and custody roles
                                                                                           management to improve business performance
–	Central function professionals including:
   –	Operational risk                                                                  – One year’s membership of PRMIA.
   –	Internal audit
   –	Legal
   –	Finance                                                                           Award
   –	Technology
   –	Change management                                                                 –	Successful participants will be awarded the Professional Certificate
–	Lawyers working in asset management and investor funds groups                           in Investment Fund Services Risk Management (Operational
–	Auditors who provide risk management, audit and advisory services                       Risk, Conduct Risk and Risk Culture) from UCD. This is a level 8
–	Regulatory bodies in funds supervision e.g. The Central Bank of                         qualification on the NFQ and carries 15 ECTS
   Ireland, stockbrokers, business consultants and other professionals                  –	Holders of the UCD award Professional Certificate in Investment
   who provide risk management advisory services.                                          Fund Services Risk Management will also be awarded the globally
                                                                                           recognised PRMIA Operational Risk Manager Certificate.

                                                                                        PRMIA
                                                                                        PRMIA is globally recognised as a leading educator of risk
                                                                                        management professionals and is active in nearly every major financial
                                                                                        centre worldwide with 50,000+ members represented in over 65
                                                                                        countries. Details on the PRMIA Global Operational Risk Manager
                                                                                        Certificate Award are available on www.iob.ie.

20   The Institute of Banking | International Financial Services Prospectus 2017/2018
Curriculum                                   Entry requirements                    Professional body
You study two modules as follows:            Individuals seeking admission to      membership
                                             the Professional Certificate in       You must be a current member of
–	Operational Risk Management
                                             Investment Fund Services Risk         the Institute or become a member,
   in Investment Fund Services
                                             Management (Operational Risk,         to undertake this programme.
   (NFQ Level 8, 10 ECTS)
                                             Conduct Risk and Risk Culture)
–	Risk Management Framework,                will:
   Culture and Best Practices                                                      Membership is currently c40 per
                                             a) have five years’ experience        calendar year.
   (NFQ Level 8, 5 ECTS)
                                             in the Funds Industry with at
                                             least two years in a Supervisory
                                             or Senior Administrator role          Interested? Next steps                     I found that this
Award                                        and completed the Professional
                                                                                                                              programme gave
                                             Certificate in International          1	For further information on
When you successfully                                                                 this programme including         me the full understanding
                                             Investment Fund Services (15
complete the programme you                                                            Syllabus Summary, Learning       of the risks we in the
                                             ECTS, Level 7).
will be awarded a Professional                                                        Supports, Recognised Prior
Certificate in Investment Fund               or                                                                        fund services industry
                                                                                      Learning (Exemptions)            face daily and the tools
Services Risk Management                     b) have an Honours degree (Min.          and CPD Accreditation,
(Operational Risk, Conduct Risk              H2.2, Level 8 NFQ).                      visit www.iob.ie/ifs
                                                                                                                       to mitigate them. This
and Risk Culture) (level 8) from                                                                                       programme has a global
UCD.                                         Admission will also be                2	Check exam dates in the          feel and being part of
                                             considered from experienced              Examination Schedule on
                                                                                      pages 40-44
                                                                                                                       PRIMA will open doors.”
                                             professionals who do not
Assessment                                   meet the minimum admission            3	Before registering, read the     Jonathan Carey
                                             requirements as set out above,           ‘Registering to a Programme’
The pass mark is 40% in all                                                                                            Vice President Registration-
                                             who can demonstrate learning             section on pages 32-37
modules in line with UCD                                                                                               Agency Northern Trust
                                             based on work and training
academic policy.
                                             experience e.g. Individuals           4	To register for this programme
For the module Operational Risk              employed in a Senior Funds role          download the application/
Management in Investment Fund                with responsibility for decision-        registration form online at             As I work in
Services:                                    making.                                  www.iob.ie and submit to                investments
Combination of online Multiple                                                        the Institute.                   fund services, the whole
choice questions, continuous                                                                                           programme was relevant
assessment and end of semester               Fees                                                                      to me. The workshops
exam
                                             Operational Risk Management
                                                                                   Closing dates                       which focused on key risk
Exam duration:                               in Investment Fund Services           The closing date to register        areas in fund accounting
120 minutes                                  Module: c550                          for January 2018 exams is           were particularly relevant
                                                                                   15 September 2017.
For the module Risk                          Risk Management Framework,
                                                                                                                       to my own role.”
Management Framework,                                                              The closing date to register for
                                             Culture and Best Practices
Culture and Best Practices:                                                        May 2018 exams is 12 January        David Carroll
                                             Module: c495
End of semester exam                                                               2018.                               Senior Fund Accountant, Citco

Exam duration:                               Part funding may be available         Closing date for September 2018
120 minutes                                  for eligible applicants through       exams is 11 May 2018.
                                             Summit Finuas Network.

                                             For more information see
Delivery                                     www.iob.ie/sfn
Online, workshops and webinars.

The Institute of Banking | International Financial Services Prospectus 2017/2018                                                                       21
University Postgraduate Qualifications (Level 9)

Professional Certificate in
Data Protection (CDPO)

Who is this programme for?                                                              How you will benefit
                                                                                        This programme will support your personal and professional
There has been a significant increase                                                   development. It will enable you to:
in the complexity and volume of the                                                     –	Interpret contemporary legislation in the specific areas of data
regulation underpinning compliance in                                                      protection

the area of data protection. As well as a                                               –	Use contemporary theories and practical evidence to design a data
                                                                                           protection framework within your organisation
thorough understanding of the regulatory                                                –	Design, complete and report on major data protection projects which
and legislative framework, professional                                                    may be required to enhance your firm’s positioning within the sector
practice in the area of data protection                                                 –	Justify the rationale behind recommendations in relation to data
                                                                                           protection
requires judgements and decisions to be                                                 –	Maintain, develop and apply contemporary professional best practice
made for many scenarios.                                                                   and contribute to a personal ethos of life-long learning and self-
                                                                                           improvement.

The primary motivation underpinning
the Professional Certificate in Data                                                    Professional designation
Protection is to provide a learning                                                     Members who complete the Professional Certificate in Data Protection,
                                                                                        and who commit to completing Continuing Professional Development
opportunity for compliance and related                                                  hours, will be entitled to use the designation CDPO – Certified Data
professions to develop the necessary skills                                             Protection Officer.
to ensure that their organisations meet
their current and future responsibilities
in relation to data protection.

The programme has been designed in
consultation with the office of the Data
Protection Commissioner.

22   The Institute of Banking | International Financial Services Prospectus 2017/2018
Curriculum                                   Entry requirements                    When does the
You will study one module as                 The minimum entry requirements        programme start?
follows:                                     for the programme are:                September 2017
–	Data Protection Policies and              –	Honours degree (second class       February 2018
   Procedures                                   honours grade 2 award or
   (NFQ Level 9, 10 ECTS)                       higher) in a business or a legal
                                                discipline                         Professional body
                                                                                   membership
Award                                        Those who do not hold a degree,
                                             but have exceptional professional     You must be a current member
When you successfully complete               experience in the area of data        of the Association of Compliance
this programme, you will be
                                                                                                                             The Irish DPC
                                             protection, are eligible to apply     Officers in Ireland, or become
awarded the Professional                                                           a member, to register for this
                                                                                                                             welcomes the recent
                                             and will be considered on a
Certificate in Data Protection               case-by-case basis.                   programme.                         increase in the offering
from UCD (at postgraduate                                                                                             of the data protection
degree level 9).                                                                   Membership is currently c150       certificate to twice a year.
                                             Fees                                  per year.                          Staff with skills necessary
The Professional Certificate in
Data Protection forms part of                The programme fee is c1,450.                                             to support organisations
the MSc in Compliance. Further                                                                                        in lawfully collecting and
                                                                                   Closing dates
information is available on pages            Part funding may be available                                            safeguarding personal
30-31.                                       for eligible applicants through       The January 2018 exam closing      data are in growing
                                             Summit Finuas Network. For more       date is 1 September 2017.
                                                                                                                      demand as we enter
                                             information see www.iob.ie/sfn
                                                                                   The application closing date to    into the final run-up
Assessment
                                                                                   register for May 2018 exams is     to the General Data
Assessment is a combination of                                                     19 January 2018.                   Protection Regulation
continuous assessment and an
                                             Submission of
                                             applications                                                             implementation date in
end of semester exam.
                                                                                                                      May 2018. We wish all
                                             Applications are currently being
The pass mark is 40% in line with            accepted online by clicking ‘Apply                                       students every success.”
UCD academic policy.                         Now’ on www.iob.ie/ifs
                                                                                                                      Helen Dixon
                                             If demand from applicants                                                Irish Data Protection
Delivery                                     exceeds the number of available                                          Commissioner
                                             places, a waiting list system will
Lectures are held on a part-time
                                             apply.
basis across one semester (4
months).

Duration
4 months part-time.

The Institute of Banking | International Financial Services Prospectus 2017/2018                                                                 23
University Postgraduate Qualifications (Level 9)

Professional Certificate in Financial
Crime Prevention (CFCPP)

Who is this programme for?                                                              How you will benefit
                                                                                        This programme will support your personal and professional
There has been a significant increase in                                                development. It will enable you to:
the complexity and volume of regulation                                                 –	Interpret contemporary legislation in the specific areas of financial
underpinning compliance in the area of                                                     crime prevention

financial crime prevention. Consequently,                                               –	Design, complete and report on major financial crime prevention
                                                                                           projects, which may be required to enhance your firm’s positioning
practitioners operating in this complex                                                    within the sector
environment have to fulfil their fiduciary                                              –	Determine, on an ongoing basis, the performance of a financial crime
                                                                                           prevention framework within your firm’s framework
responsibilities of ensuring ethical and
                                                                                        –	Apply professional knowledge and skills to investigate a suspected
legal compliance within this regulatory                                                    financial crime
environment while contributing to wider                                                 –	Maintain, develop and apply contemporary professional best practice.
organisational objectives.
The role of the Head of Compliance with responsibility for Anti-Money                   Professional designation
Laundering and Counter Terrorist Financing legislation, often the Money
                                                                                        Members who complete the Professional Certificate in Financial Crime
Laundering Reporting Officer (MLRO) in a regulated firm, is now a
                                                                                        Prevention, and who commit to completing Continuing Professional
Pre-Approval Control Function under the Central Bank Fitness and
                                                                                        Development hours, will be entitled to use the designation CFCPP –
Probity regime. MLROs within firms carry serious legal responsibilities
                                                                                        Certified Financial Crime Prevention Practitioner.
and those who fill the roles must know and understand what these
responsibilities are.

Relevant law and standards apply both at a domestic and international
level and material breaches can result in personal accountability
for MLROs as well as significant reputational damage and fines for
financial services firms. The wider damage caused by financial or
white-collar crime to individuals, communities and the public at large
is immeasurable. Effective prevention of fraud and financial crime,
combined with thorough investigation if and when it does arise, yields
very positive outcomes.

The Professional Certificate in Financial Crime Prevention has been
carefully designed to equip MLROs and others who specialise in this
area with the necessary competence to fill this role and is the only
accredited qualification at this level.

This certificate has been designed in consultation with the Garda
Bureau of Fraud Investigation and the Suspicious Transactions Unit in
the Office of the Revenue Commissioners.

24   The Institute of Banking | International Financial Services Prospectus 2017/2018
Curriculum                                   Delivery                              Submission of
You will study one module as                 The programme is delivered part-      applications
follows:                                     time over one semester. Lectures      Applications are currently being
–	Financial / White-Collar Crime            take place over 5 Saturdays.          accepted online by clicking ‘Apply
   Prevention                                                                      Now’ on the programme page at
   (NFQ Level 9, 10 ECTS)                                                          www.iob.ie/ifs
                                             Duration
                                                                                   If demand from applicants
                                             One academic semester starting
Award                                                                              exceeds the number of available
                                             early February 2018 with an
                                                                                   places, a waiting list system will
When you successfully                        exam in May.
                                                                                   apply.
complete this programme, you
will be awarded a Professional
Certificate in Financial Crime               Entry requirements
Prevention from UCD (at
                                                                                   When does the
                                             The minimum entry requirements        programme start?
postgraduate degree level 9).                for the programme are an:
                                                                                   February 2018
Those who successfully complete              –	Honours degree (second class
the Professional Certificate in                 honours grade 2 award or
Financial Crime Prevention,                     higher) in a business or a legal
                                                discipline.                        Professional body
may wish to apply for the MSc
in Compliance to progress their                                                    membership
studies. Further information is              Those who do not hold a degree,
                                                                                   You must be a current member
available on pages 30-31 and                 but have exceptional professional
                                                                                   of the Association of Compliance
from www.iob.ie/ifs                          experience in the areas of fraud,
                                                                                   Officers in Ireland, or become
                                             risk or compliance are eligible to
                                                                                   a member, to register for this
                                             apply and will be considered on a
                                                                                   programme.
                                             case-by-case basis.
Assessment
                                                                                   Membership is currently c150
Assessment is a combination of
                                                                                   per year.
continuous assessment and an                 Fees
end of semester exam.
                                             The programme fee is c1,450.
The pass mark is 40% in line with                                                  Closing date
UCD academic policy.                         Part funding may be available
                                                                                   The closing date to apply for this
                                             for eligible applicants through
                                                                                   programme is 19 January 2018.
                                             Summit Finuas Network. For more
                                             information see www.iob.ie/sfn

The Institute of Banking | International Financial Services Prospectus 2017/2018                                        25
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