Professional Qualifications in Regulatory Compliance (RC)

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PROFESSIONAL QUALIFICATIONS IN REGULATORY COMPLIANCE (RC)

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INTRODUCTION TO PROFESSIONAL QUALIFICATIONS IN REGULATORY COMPLIANCE (RC)

The professional qualifications in Regulatory Compliance (RC) is a curriculum designed by AICB and the International Compliance Association (ICA) to equip banking professionals with skills in regulatory compliance and risk. As a certified RC professional, you will be able to advance your career and assume key positions in the area of regulatory compliance and risk. The professional qualifications in Regulatory Compliance (RC) programme are jointly awarded by AICB and the ICA. All ICA qualifications are awarded in association with the Alliance Manchester Business School, the University of Manchester, the largest campus-based business and management school in the UK.

LEARNING OUTCOMES

The qualifications aims to produce banking professionals who:

  • demonstrate a thorough understanding of financial and banking business services
  • showcase strong skills and positive qualities that allow them to provide good advice, train and raise awareness on the significance of business ethics and compliance
  • ensure that the compliance programme is communicated clearly, understood assimilated and embodied by all staff
  • organise and supervise training sessions, either through meetings or e-learning
  • identify potential areas of vulnerability or risk, and work with management and operations to develop contingency plans
  • ensure that issues relating to ethics and compliance are evaluated, monitored, managed and resolved in a timely and appropriate manner
  • ensure that monitoring programmes are in place to measure efficiency and identify potential areas for improvement.

TARGET AUDIENCE

Certification in Regulatory Compliance

  • New graduates from any discipline.
  • Those wanting to build a career in compliance in the fields of banking, insurance and other financial services.
  • Staff involved in risk functions and internal or external audit
  • Anyone with less than three years of experience in compliance or anti-money laundering (AML).

Advanced Certification in Regulatory Compliance

  • Compliance, AML and financial crime officers
  • Money laundering reporting officers
  • Money laundering prevention officers
  • Managers with responsibility for internal compliance controls
  • Internal and external audit staff
  • Company secretaries
  • Legal practitioners and support staff
  • Accountants

CERTIFICATION PATHWAYS

For certification pathway details, click here.

ENROLMENT

Candidates are required to submit the prerequisite supporting documents for enrolment. For full details on documentation, click here.

MEMBERSHIP AND PROFESSIONAL DESIGNATION

Members who have completed the Advanced Certification in Regulatory Compliance will be upgraded to ‘Associate’ status and are entitled to use the membership designation, ‘Associate, AICB’. Click here to find out more.

ENTRY REQUIREMENTS

  1. Candidates are required to be Individual Members of AICB.
  2. Candidates must meet the following entry requirements.
QUALIFICATION ENTRY REQUIREMENTS
Certification in Regulatory Compliance

Available to individuals who possess:

  • SPM or an equivalent qualification; AND
  • the ability to complete the reading and written aspects of the programme in English.

Advanced Certification in Regulatory Compliance

Available to individuals who:

  • have completed the Certification in Regulatory Compliance and have at least 1 year of compliance experience.
  • hold a recognised degree or professional qualification and have at least 3 years of compliance-related experience.

Approvals

  1. All applications for enrolments or exemptions will be processed according to the requirements set out in the regulations.
  2. Applications will be processed upon receipt of full and complete documentation as stated in the Enrolment section.
  3. Approvals for enrolments or exemptions will be granted based on the information/documents submitted and candidates may be contacted if additional information is required.
  4. Candidates whose qualifications and experience have been assessed by the Institute will be informed of the Institute’s decision within 10 working days of the application date, upon receipt of full and complete documentation.
  5. Where the candidates’ qualifications have not previously been assessed by the Institute, a longer processing time will be required.
  6. Candidates will be informed of the Institute’s decision via email.

ENROLMENT

Candidates who submit incomplete applications (i.e. applications with incomplete details or supporting documents) will be given 30 days to provide the required information and/or documentation, failing which the application will be declined.

The documents required are as follows:

QUALIFICATION DOCUMENTS REQUIRED
Certification in Regulatory Compliance
  • Minimum SPM or an equivalent qualification.
Advanced Certification in Regulatory Compliance
  • The Certification in Regulatory Compliance (ICA/AICB) certificate OR certificate of highest qualification; AND
  • Curriculum vitae (CV) highlighting work experience in compliance-related functions.

Important notes

  1. The qualification certificates/examination transcripts submitted must be certified as true copies by one of the following individuals:
    • a university official; OR
    • a Notary Public; OR
    • a Commissioner for Oaths; OR
    • an officer of the employing organisation; OR
    • other such persons or agents as may be approved by the Institute.
  2. The signatory must sign and date the documents, and provide the following details
    • name
    • designation
    • email
    • contact number
  1. If the documents are not in English or Bahasa Malaysia, translated documents by a certified translator must be appended to the submission. The credentials and contact information of the certified translator must be stated.
  2. Qualification certificates that are submitted for enrolments or exemptions must be awarded by universities/higher education institutions recognised by the awarding country’s Ministry of Higher Education or its equivalent, or the national qualification accreditation agencies.
  3. Malaysian qualifications should be listed in the Malaysian Qualifications Register (MQR) or on the Finance Accreditation Agency (FAA) website.
  4. AICB reserves the right to contact the awarding institute to verify the authenticity of the candidate’s qualifications.