ICA INTERNATIONAL DIPLOMA IN GOVERNANCE, RISK & COMPLIANCE. Leading Excellence in Banking. Wilmington Risk & Compliance

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1 ICA INTERNATIONAL DIPLOMA IN GOVERNANCE, RISK & COMPLIANCE Leading Excellence in Banking Wilmington Risk & Compliance

2 Global Reach BIBF plays a vital role in the training and development of human capital in the Middle East and North Africa. Our commitment to excellence has strengthened our position as the leading educational provider across all major business disciplines. We serve As a partner to numerous world-class institutions; delivering thought leadership, assessment and training in the areas of Banking, Accounting & Finance, Assessment & Development, English & Business Communication, Human Resources, Information Technology, Insurance, Interpersonal Skills, Islamic Finance, Leadership & Management, Marketing, Sales & PR, and Project Management.

3 Partners Established in 2001, ICA is a professional awarding body with a global membership. They are the leading global provider of professional qualifications and training in anti-money laundering (AML), compliance and fraud/financial crime prevention. For novice and experienced practitioners alike, ICA certificate and diploma courses are a benchmark of excellence. ICA internationally recognised qualifications, which are awarded in association with the prestigious Manchester Business School, the University of Manchester, enhance the knowledge and skills of individuals, improve business practice and minimise risk. Financial crime is constantly evolving. As one threat is countered, another emerges. Everyone within an organisation has a part to play in protecting the firm and this course provides practical knowledge and useful skills in financial crime prevention. The regulatory environment, and consequently the role of compliance, has changed significantly in recent years. There has always been a significant overlap between regulatory compliance and risk management - the compliance function s fundamental purpose is to manage the firm s regulatory risk. A firm s governance, culture and organisational behavior are core to how all risk is managed within the firm. The ICA International Diploma in Governance, Risk & Compliance (Previously International Diploma In Compliance) is a unique programme that provides detailed knowledge and useful practical skills. It is designed and awarded in association with University of Manchester (for quality assurance). This Diploma is a benchmark qualification demonstrating excellence in compliance, risk and governance practice that is recognised all over the world. This detailed programme, created by experienced industry professionals for industry professionals, fuses practical knowledge within an academic discipline. The Diploma will provide you with a clear understanding of the compliance role within your own organisation and the wider financial services industry. It will help ensure your awareness of national and international influences. This is a recommended qualification by the CBB. For more information visit: Wilmington Risk & Compliance ICT are the largest and longest established training partner of the International Compliance Association (ICA). They deliver training worldwide leading to the award of ICAs professional qualifications. Established in 2001, ICT are passionate about learning and development, and tens of thousands of individuals and firms all over the world have realised their training ambitions through the organisation. They are experienced in sharing AML/compliance/financial crime prevention knowledge & best practice with individuals, small organisations and multinationals. For more information visit:

4 Programme Details Name: International Diploma in Governance, Risk & Compliance, awarded by the ICA International Compliance Association Level: 6 National Qualification Framework (NQF), UK Duration: 4 workshops (24 hours) Assessment Two pieces of written work, each approximately 3,000 words in length 3 hour and 15 minutes open-book examination Who Will Benefit? The ICA International Diploma in Governance, Risk and Compliance is a valuable qualification for: Compliance Officers Deputy Compliance Officers Money Laundering Reporting Officers and their Deputies Managers responsible for internal compliance controls Corporate Governance Control Managers Risk Managers Internal Audit Staff Regulatory Representatives Accountants Lawyers/ Company Secretaries Entry Requirement The ICA International Diploma in Compliance has a practical focus and is designed for individuals who intend to carry out the role of Compliance Officer or work within the compliance function. The entry criteria are: Sound educational background, e.g degree or professional qualification in an appropriate discipline Or Attainment of the International Compliance Association Certificate in Compliance (International or UK) Or Three years relevant work experience Programme Fees BD 2,150/- This includes: BIBF training and mentoring sessions ICT lecture notes/ study pack & exam registration ICA membership registration, online course materials, and online research support services Certification by ICA and University of Manchester

5 Syllabus in brief The ICA International Diploma in Compliance is a valuable qualification for: Unit 1: Understanding Governance, Risk and Compliance Historical issues Regulatory objectives Defining effective GRC Benefits of effective GRC Promoting a successful GRC framework What next for GRC? Unit 2: Ethics, Integrity and Organisational Culture Defining values, ethics and principles in financial services Regulation and principles How corporate social responsibility fits in Convergence of values, ethics, principles and corporate social responsibility Formulating and implementing a principles based business ethics and CSR approach Accountability An example of ethics and integrity in practice Unit 3: Today s Regulatory Environment How did we get to where we are today? Key influencers and their interests International best practices The structural basis of GRC regulation Unit 4: Know Your Regulator Legal frameworks Regulatory methodology Regulatory approach The powers of the regulator Examples Independence, transparency and accountability of the regulator Unit 5: What is the Role of the Compliance Function? The educator The adviser Providing assurance Relationship management Conduct of business compliance Prudential compliance Recent developments in the role of the compliance officer Unit 6: Managing Regulatory Risk for the Benefit of Your Firm Understanding the risk management process Designing an effective governance, risk and compliance risk management system Dealing with regulatory issues and enforcement Unit 7: Understanding How Corporate Governance Underpins the Whole GRC Framework The need for effective corporate governance What is corporate governance? Contexts - GRC Common principles of good corporate governance Governance culture Case studies

6 Unit 8: How to Design and Build World Class GRC Systems and Controls How to implement effective GRC structures Developing GRC policies and procedures Disclosure Product development and selling practices Conflicts of interest Remuneration policies Advertising: clear, fair and not misleading? Outsourcing The importance of data protection Record keeping Whistle blowing Unit 9: Managing the Risk of Financial Crime Corporate governance requirements Bribery and corruption Money Laundering and the MLRO Terrorist financing Market abuse and insider dealing Fraud

7 How to Apply Visit the BIBF website at: to obtain a registration form. Admission to the programme will be through an application process. Ensure that you have the minimum entry qualifications before applying. Please send your application to the programme officer by banking@bibf.com or call / Ext: Applicants will need to provide their CV when applying for the programme. Students applying for this programme will be screened by the programme admission team before acceptance Eligible candidates will be admitted to the programme on a first-come first-serve basis. All applications are handled with extreme confidentiality. No personal information regarding the student will be shared with third parties. The selection of students is done with due care and BIBF reserves the right to deny admission to any applicant who does not meet its set standards of Admissions. The applicants who meet the criteria set out by BIBF will be processed in line with its policy guidelines. Application Deadlines Applications are accepted throughout the year, although there is a cut-off date of two weeks prior to the start date of the programme. Student Obligations Students who are selected will be duly informed about the commencement of the programme and the procedures regarding regulations, academic support and assessment. Students have the freedom to withdraw their decision two weeks before the start date of the programme. Student Charter Please visit: for the student charter. Students are expected to read the student charter and fully understand the roles and responsibilities of a BIBF student and reasonable expectations from BIBF programmes. Review of Student Recruitment and Admission Policies BIBF has specialist departments (such as the Registration Department) to process and support admissions and enrolments, which will be monitored by the Centre Head. Process flow for student recruitment and registration can be found on the website along with information on the process of handling student and customer feedback: Code-of-practice.pdf

8 Registration Form ICA INTERNATIONAL DIPLOMA IN GOVERNANCE, RISK & COMPLIANCE Self Sponsored Name of Participant Self Sponsored Organisation Sponsored Mr/Mrs/Ms First Name Middle Name Last Name Position Department Organisation *Nationality *Date of Birth (mm/dd/yy) *Address *CPR *Country Office Tel *Mobile Residence Tel Fax * (Personal) (Work) *Signature Date Organisation Sponsored Organisation Information Contact Person : Mr/Mrs/Ms First Name Middle Name Last Name Position Department *Nationality *CPR Address Organisation Office Tel Fax Country *Signature & Stamp Name of the Participant Date Mr/Mrs/Ms First Name Middle Name Last Name Position Department Organisation *Nationality *Date of Birth (mm/dd/yy) *Address *CPR *Country Office Tel *Mobile Residence Tel Fax * (Personal) (Work) *Signature Date

9 Methods of Payment Cheque Please find enclosed a cheque for made payable to BIBF. or Credit card Please debit my credit card Visa Mastercard Card No. Cardholder s Name Cash Expiry Date Signature Programme Fees BD 2,150/- per participant This includes: BIBF Training and mentoring sessions BIBF handouts On-line Epsilen platform for blended learning PRMIA-recommended course book Practice quizzes TERMS & CONDITIONS: 1. BIBF offers courses on the basis that there will be sufficient students to justify running it or else the course will be cancelled. 2. BIBF may modify the dates or cancel the course should any unexpected/unavoidable circumstances arise. BIBF s liability in the event of any modification or cancellation will be limited to cover the fully paid course fees. 3. In the event of cancellation of the course, BIBF will refund the amount paid in full by the student for the course. If the course is postponed by BIBF, the students have the option to ask for a refund. 4. Students should attend the full duration of the course as scheduled and strictly abide with the stated course timings. In the event of a student attending less than 80% or the total course hours, the student will be withdrawn from the course, marked as a Drop Out, and requested to re- register. 5. Course deferral requests should be made by a student in writing one week prior to the course commencement date. No deferral requests will be entertained thereafter. Fees can be deferred for one session only, and course fees paid will not be refunded. Students are not allowed to attend a different course/subject for an approved deferral request. 6. Students may withdraw from their course by giving a written notice of not less than one week prior to the commencement date. The refund policy of the Centre will apply. Refund Policy: Two weeks and above prior to commencement date Less than two weeks prior to commencement date Less than one week prior to commencement date 100% Refund 80% Refund No Refund 7. BIBF reserves the right to change the fee structure without prior notice. FOR BIBF OFFICE USE ONLY INFORMATION DESK Receipt Number Amount Date Comments Information Desk Attendant Signature REGISTRATION OFFICE Student ID Registered By Date Comments BIBF Application Fee (Non-refundable) BD 25 Please forward this form to: The Registrar, BIBF, PO Box 20525, Manama, Kingdom of Bahrain / info@bibf.com or banking@bibf.com

10 For further information, and to register. Please contact the Centre of Banking: Tel: (+973) Ext: or Leading Excellence in Banking