International Compliance Association

ICA launches new FICS Accredited qualification in Singapore for those looking to break into a compliance career

Press release   •   Feb 24, 2014 08:30 +08

The course which is mapped into Singapore’s Financial Industry Competency Standards (FICS) at Foundation level (subject to accreditation) covers the fundamentals of the compliance function and will provide students with the relevant knowledge & practical skills to embark on a new career.

The ICA FICS Accredited Diplomas in compliance and anti money laundering have been running successfully in Singapore for a number of years. However due to the huge surge in demand for skilled compliance professionals, ICA has been working closely with the Institute of Banking & Finance (IBF) and the Industry Working Group to produce a qualification for new entrants.

All training leading up to the award of ICA qualifications in Singapore is delivered by International Compliance Training Academy Pte. Ltd. (ICTA) and Andrew Glover, Managing Director, had this to say about the new course:

We have been working with IBF to create recalibrated standards in compliance and all-new qualifications to map into these standards. The Advanced Certificate is the first of these courses and is designed for those with little or no previous relevant experience. It is well known that it is difficult to attract and, more importantly, retain competent compliance staff in Singapore. The size of the talent pool is not increasing in conjunction with the demand. This new course provides a solution and will enable new or recent entrants to gain a very detailed understanding of the multi-faceted role of a Compliance Officer in the modern financial services environment but also in a very condensed timeframe.

As the only programme of its kind mapped to the new standards of competence, it also benefits from the FICS funding scheme meaning that Singapore Citizens and Permanent Residents (and employers of qualifying individuals) can obtain 70% funding towards the course cost. This is a unique opportunity for anyone wishing to begin an exciting career in compliance.”

The course will begin in April and ICTA are hosting a free briefing session where you can find out more about the qualification and how it fits in with your career aspirations.

Date: 13th March 2014, Thursday

Time: 7.00pm – 8.30pm

Venue: NTUC Centre, Level 8 , Room 801, 1 Marina Boulevard Level 8, 018989, Singapore

To register for the session or for more information about the course, call 6500 0010 or email enquiries@int-comp.org


The International Compliance Association (ICA)

The ICA is a professional organisation dedicated to the pursuit of excellence in compliance, anti-money laundering and financial crime prevention. ICA offers internationally recognised professional qualifications that help improve knowledge, enhance skills and minimise risk for firms. For novice and experienced practitioners alike, ICA certificate and diploma programmes are a benchmark of competence and excellence. The prestigious University of Manchester Business School jointly award ICA professional qualifications.

The International Compliance Association is the government appointed Lead Provider of Financial Industry Competency Standards, accredited training and assessment programmes in the field of compliance in Singapore.

ICTA Pte.Ltd

ICTA is a regional office of International Compliance Training (part of the Wilmington Group) Our presence in the Singapore is a direct response to the continued and rapid development of this leading financial centre and the increased need for training and qualifications in compliance and anti-money laundering.

FICS

The Financial Industry Competency Standards (FICS) is a structured competency framework developed by the industry, the Monetary Authority of Singapore (MAS), the Institute of Banking and Finance (IBF) and the Singapore Workforce Development Agency (WDA). It is a certification and accreditation system that is aligned with WSQ and is recognised as the WSQ for the financial services sector.

IBF

IBF was established in November 1974 to upgrade the expertise in the banking and finance industry in Singapore. Its present charter has been broadened to include non-bank sectors of the financial community. IBF now administers part of the Capital Markets and Financial Advisory Services (CMFAS) examination series on behalf of the Monetary Authority of Singapore (MAS). It is also the national accreditation and certification agency for financial competency under the Financial Industry Competency Standards (FICS) framework.