Professional Qualifications in Regulatory Compliance
OVERVIEW
The post–financial crisis landscape of the banking industry places regulatory compliance under greater scrutiny than ever before. Consequently, professionals who are well versed in the field of compliance are in great demand. Clearly aware of this need in the industry, AICB, together with the International Compliance Association (ICA), has designed the Certification in Regulatory Compliance to equip you to master the skills of regulatory compliance and risk.
There are 2 levels in Professional Qualifications in Regulatory Compliance:
Level 1 : Certification in Regulatory Compliance
This Certification is the first in a series of courses that will take you from entry level to becoming a professional Compliance Officer in the banking and financial services landscape of today. This programme is designed to equip you to demonstrate knowledge, understanding and skills regarding:
- The regulatory environment, including the role and powers of Bank Negara Malaysia (BNM)
- The role and responsibilities of both the compliance function and the Compliance Officer, and the skills needed to successfully discharge these
- The implementation of key compliance activities plus awareness of different types of financial crime
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Level 2 : Advanced Certification in Regulatory Compliance
The Compliance function has assumed an increasingly important role due to the changing regulatory environment in the financial services. This certification is at Level 2 of the Regulatory Compliance qualification series. It gives the necessary knowledge, skills and understanding of key topics that affect Compliance Professionals particularly an in-depth view on the inter-relationship between governance, risk and compliance.
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This Certification is jointly awarded by AICB and ICA. All ICA qualifications are awarded in association with Alliance Manchester Business School, the University of Manchester; the largest campus-based business and management school in the UK.
COURSE SYLLABUS
Module 1 | The Malaysian Regulatory Environment |
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Module outcomes By the end of this module you should: |
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Module 2 | The Role of the Compliance Function |
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Module outcomes By the end of this module you should: |
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Module 3 | Compliance in Practice |
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Module outcomes By the end of this module you should: |
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Module 4 | Corporate Governance, Creating a Compliance Culture & the Benefits of Compliance |
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Module outcomes By the end of this module you should: |
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COURSE SYLLABUS
Syllabus Content | |
Unit 1 | Understanding the Regulatory Environment |
Unit 2 | Approaches to Regulation |
Unit 3 | Regulatory Requirements in Malaysia |
Unit 4 | The Role of the Compliance Officer |
Unit 5 | Risk Management |
Unit 6 | Designing an Internal Compliance System |
Unit 7 | Dealing with Regulatory Issues and Enforcement Action |
Unit 8 | Compliance with Prudential Regulation |
Unit 9 | Corporate Governance, Creating a Compliance Culture and the Benefits of Compliance |
Unit 10 | Advising Business Units on Regulatory Compliance Matters |
Unit 11 | Managing the Risk of Financial Crime |
Programme Fees
Level | February 2019 Intake Price (RM) |
August 2019 Intake Price (RM) |
Certification in Regulatory Compliance | 6,000 | 6,000 |
Advanced Certification in Regulatory Compliance | 8,000 | 8,000 |
*Membership Requirement – Candidates are required to be Individual Members of AICB.
Certification in Regulatory Compliance
In order to enrol as a candidate for the Certification in Regulatory Compliance qualification an applicant must satisfy the following requirements:
- holds the SPM or equivalent or higher-level qualification; and
- has the ability to complete the reading and written aspects of the programme in English.
Advanced Certification in Regulatory Compliance
Standard Route (Enrolment)
- Completed Certification in Regulatory Compliance
- At least 1 year of Compliance-related experience
Accelerated Route (Exemption)
Exemptions will be considered for the Certification in Regulatory Compliance based on the following requirements:
- Holds a degree or professional qualification
- Has 3 years of Compliance-related work experience
ASSESSMENT STRUCTURE
Level 1 : Certification in Regulatory Compliance | Level 2 : Advanced Certification in Regulatory Compliance |
Examination (50%)
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Examination (50%)
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Written assignment (50%) Approximately 2,000 – 2,500 words |
Two (2) written assignments (50%) Approximately 3,000 words each |
Pass mark: 50% | Pass mark: 50% |
Grade Band
For both Level 1: Certification in Regulatory Compliance & Level 2: Advanced Certification in Regulatory Compliance
Grade Band | Marks |
Distinction | 70% & above |
Merit | 60% – 69% |
Pass | 50% – 59% |
Marginal Fail | 40% – 49% |
Fail | 39% & below |
Instructional Methodology |
Self-study through reference texts and assigned reading |
Online learning materials |
Master classes |
EXAM ACTIVITY SCHEDULE 2019 | INTAKE |
FEBRUARY 2019 | |
Programme Intake Code | CE/02/19-09 |
Enrolment Period* | 22 Oct 2018 (Monday) to 21 Dec 2018 (Friday) |
Workshop & Exam Registration Closing Date | 11 Jan 2019 (Friday) |
Commencement Intake (Access to ICA LMS) |
25 Jan 2019 (Friday) |
Dates for Workshop** | 4 & 5 Mar 2019 (Monday & Tuesday) |
Due Date for Assignment | 29 Mar 2019 (Friday) |
Examination Date | 15 Jun 2019 (Saturday) |
Result Release by AICB | 23 Aug 2019 (Friday) |
Exam Centre | KL |
EXAM ACTIVITY SCHEDULE 2019 | INTAKE |
AUGUST 2019 | |
Programme Intake Code | CE/08/19-10 |
Enrolment Period* | 5 Apr 2019 (Friday) to 31 May 2019 (Friday) |
Exam Closing Date or Payment/LND Approval Closing Date | 28 Jun 2019 (Friday) |
Commencement Intake (Access to ICA LMS) |
15 Jul 2019 (Monday) |
Dates for Workshop** | 19 & 20 Aug 2019 (Monday & Tuesday) |
Due Date for Assignment | 16 Sep 2019 (Monday) |
Examination Date | 23 Nov 2019 (Saturday) |
Result Release by AICB | 7 Feb 2020 (Friday) |
Exam Centre | KL |
Important Note:
* New candidates are required to complete their qualification enrolment with AICB during the enrolment period. Applications for qualification enrolment must be submitted with complete documentations, failing which applications will not be processed.
** Note: Workshops are conducted from 9.00am – 5.00pm at Asian Banking School
Disclaimer:
- Both AICB and ICA reserve the right to cancel, suspend, interrupt or reschedule any face-to-face workshops/sessions or examination to another date and will not be liable for any claims, actions, costs, charges, expenses, damages, loss and liability due to the cancellation/deferment of these face-to-face workshops/sessions or examination.
- Please adhere to the above closing dates, otherwise AICB will not be responsible for any delay in the enrolment or registration.
Advanced Certification in Regulatory Compliance
EXAM ACTIVITY SCHEDULE 2019 | INTAKE |
FEBRUARY 2019 | |
Programme Intake Code | AC/02/19-15 |
Enrolment Period* | 26 Nov 2018 (Monday) to 25 Jan 2019 (Friday) |
Workshop & Exam Registration Closing Date | 22 Feb 2019 (Friday) |
Commencement Intake (Access to ICA LMS) |
15 Mar 2019 (Monday) |
Dates for Workshop** | Workshop 1 8 & 9 Apr 2019 (Monday – Tuesday) Workshop 2 15 & 16 Jul 2019 (Monday – Tuesday) |
Due Date for Assignment 1 | 10 May 2019 (Friday) |
Due Date for Assignment 2 | 9 Aug 2019 (Friday) |
Examination Date | 5 Oct 2019 (Saturday) |
Result Release by AICB | 13 Dec 2019 (Friday) |
Exam Centre | KL |
EXAM ACTIVITY SCHEDULE 2019 | INTAKE |
AUGUST 2019 | |
Programme Intake Code | AC/08/19-8 |
Enrolment Period* | 13 May 2019 (Friday) to 12 Jul 2019 (Friday) |
Exam Closing Date or Payment /LND Approval Closing Date | 23 Aug 2019 (Friday) |
Commencement Intake (Access to ICA LMS) |
13 Sep 2019 (Friday) |
Dates for Workshop** | Workshop 1 14 & 15 Oct 2019 (Monday – Tuesday) Workshop 2 13 & 14 Jan 2020 (Monday – Tuesday) |
Due Date for Assignment 1 | 11 Nov 2019 (Monday) |
Due Date for Assignment 2 | 27 Jan 2020 (Monday) |
Exam Date | 4 Apr 2020 (Saturday) |
Result Release by AICB | 19 Jun 2020 (Friday) |
Exam Centre | KL |
Important Note:
* New candidates are required to complete their qualification enrolment with AICB during the enrolment period. Applications for qualification enrolment must be submitted with complete documentations, failing which applications will not be processed.
** Note: Workshops are conducted from 9.00am – 5.00pm at Asian Banking School
Disclaimer:
- Both AICB and ICA reserve the right to cancel, suspend, interrupt or reschedule any face-to-face workshops/sessions or examination to another date and will not be liable for any claims, actions, costs, charges, expenses, damages, loss and liability due to the cancellation/deferment of these face-to-face workshops/sessions or examination.
- Please adhere to the above closing dates, otherwise AICB will not be responsible for any delay in the enrolment or registration.
DOCUMENTATION
The applications submitted will only be processed upon receipt of the full documentations. Candidates who submit incomplete applications (i.e. incomplete details or incomplete supporting documents) will be given five working days to provide the required information and/or documentation. If the candidate fails to submit the required information or complete set of relevant supporting documents within the five working days, the application will not be processed.
Below is the list of documents that are required for each qualification.
Qualification | Documents Required | |
Standard Route (Enrolment) | Accelerated Route (Exemption) | |
Certification In Regulatory Compliance |
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N/A |
Advanced Certification In Regulatory Compliance |
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N/A |
Important notes:
Qualification certificates/transcripts submitted must be certified true copy by one of the following:
- University Official; OR
- Notary Public; OR
- Commissioner for Oaths; OR
- Officer of the employing organization; OR
- Such other persons or agents as may be approved by Institute.
The signatory must sign and date the document(s) and provide the following details:
- Name:
- Designation:
- E-mail:
- Contact Number:
a) If the documents are not in English or Bahasa Malaysia, they must be accompanied by translation of the documents which is done by a certified translator. The credentials and contact information of the certified translator must be stated.
b) Qualifications submitted for enrolment as a candidate for a qualification or for exemption must be awarded by universities/higher education institutions recognised by the awarding country’s Ministry of Higher Education or equivalent authority or the National Qualification Accreditation Agencies.
c) Malaysian qualifications should be listed in the Malaysian Qualifications Register or in Finance Accreditation Agency (FAA) website.
d) AICB reserves the right to contact the awarding institution to verify a candidate’s qualification awards.