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International Financial Services
Prospectus 17
18
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
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
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
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
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
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
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 2017/2018Programme 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 2017/2018Curriculum 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 09University 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 2017/2018Curriculum 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 11University 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 2017/2018Curriculum 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 13University 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 2017/2018Curriculum 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 15University 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 2017/2018Curriculum 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 17University 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 2017/2018Curriculum 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 19University 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 2017/2018Curriculum 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 21University 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 2017/2018Curriculum 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 23University 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 2017/2018Curriculum 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 25You can also read
