University College Dublin
If you are interested & require further information, we will email you a copy of the programme brochure.
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I know, let’s sign upI have an account, let me sign in firstCompliance professionals ensure that a firm complies with its regulatory and legal requirements and its internal policies and they work with management to manage regulatory risk. The role of the compliance function is to ensure that a firm operates within the spirit and the letter of the law, looking after clients ethically and efficiently, upholding the reputation of the firm.
University College Dublin
The programme is designed to introduce students to the technical requirements of compliance and the role of the compliance professional in the financial services sector. The programme is for those working or who want to work in the compliance function in financial services.
The programmes have been developed with substantial input from industry and in conjunction with Compliance Institute, the industry body for compliance professionals.
The Central Bank of Ireland defines financial regulation as the rules and laws firms operating in the financial industry, such as banks, credit unions, insurance companies, financial brokers and asset managers must follow. They say financial regulation is more than just having rules in place - it's also about the ongoing oversight and enforcement of these rules.
Compliance professionals ensure that a firm complies with its regulatory and legal requirements and its internal policies and they work with management to manage regulatory risk. The role of the compliance function is to ensure that a firm operates within the spirit and the letter of the law, looking after clients ethically and efficiently, upholding the reputation of the firm.
The programme is designed to introduce students to the technical requirements of compliance and the role of the compliance professional in the financial services sector. The programme is for those working or who want to work in the compliance function in financial services.
The Professional Certificate in Compliance introduces you to the regulatory environment in financial services, domestic and international, to IAF, the individual accountability framework, fitness and probity requirements, the minimum competency framework, and outlines the role of the compliance officer. It introduces legislation such as data protection and financial crime/ anti-money laundering. It aims to provide you with the knowledge to deal with practical issues in the management and practice of compliance in the financial services industry.
Graduates of the Professional Certificate in Compliance achieve the recognised industry and accredited qualification and can progress to the Professional Diploma in Compliance and take up the industry designation, Licenciate in Compliance, LCI provided by the industry body for compliance professionals, Compliance Institute.
Students who successfully complete two modules PDC 1 - Compliance and the Regulatory Structure and PDC 2 - Conduct of Business Rules are awarded the Professional Certificate in Compliance, a level 7 qualification. It introduces you to the regulatory environment in the financial services sector. The Professional Certificate is a recognised industry and accredited qualification, popular with students who already work in the area looking to achieve recognition and those looking for an introduction to the area of compliance.
If you successfully complete two further modules, PDC 3 - Legal and Regulatory Aspects of Compliance and PDC 4 - Compliance Management, you are awarded the Professional Diploma in Compliance, a level 7 qualification. The Professional Diploma is the benchmark qualification for compliance professionals in all sectors of the financial services industry.
On successful completion of the Professional Certificate in Compliance you will be able to;
Describe the legal and regulatory environment that applies to the financial services industry in Ireland.
Describe the role of compliance within a financial services organisation.
Outline the regulations about data protection, marketing and financial crime.
Discuss the regulatory rules that apply to the provision of investment services by retail intermediaries and investment firms.
Explain the impact of regulatory and conduct of business rules from the point of view of the firm, of the customer and of the wider sector.
Analyse the importance of ethics and their role in the compliance function.
On successful completion of the Professional Diploma in Compliance you will be able to;
Describe the role of the compliance function within a financial services organisation.
Explain the domestic and international legal and regulatory environment that applies to the Irish financial services sector.
Assess the authorisation, supervision and prudential requirements for different financial entities.
Explain the impact of regulatory and conduct of business rules from the point of view of the firm, of the customer and of the wider sector.
Discuss the importance of compliance practice, planning and monitoring as part of the assurance and governance in an organisation.
Evaluate the importance of ethics and ethical behaviour in the operation of financial services.
If you hold an IOB designation or a designation managed by IOB, CPD hours may be awarded on successful completion of this programme.
Delivery is online
€680 per module
When you successfully complete this programme you will be awarded a Professional Certificate in Compliance from UCD and will be invited to the relevant designation.
This is a level 7 qualification on the National Framework of Qualifications.
Two hour exam for each module at the end of the trimester. The exams consist of written case-study and essay style questions.
Summer Trimester
12 July 2024
For more information please contact [email protected]
You must be a current member of the Compliance Institute, or become a member, to undertake this programme.
To become a member, or renew your membership of the Compliance Institute click here
(NFQ Level 7, 5 ECTS)
Compliance is an established function in financial services organisations and is recognised by regulators as an essential part of the control infrastructure. This module looks at the role of the Compliance function in financial services. It presents the role of the Central Bank of Ireland and describes how financial services are regulated both in Ireland and internationally. It also focuses on ethics and fiduciary relationships and outlines the legal environment that applies to financial services.
(NFQ Level 7, 5 ECTS)
This module considers the significant increase in the complexity and volume of the regulation underpinning compliance procedures. It also explores consumer protection legislation such as the Consumer Credit Act, the Consumer Protection Code, along with the Markets in Financial Markets Directive (MiFID). The module considers Data Protection regulations and the impact of these on financial services organisations. It also considers Financial Crime including Anti-Money Laundering and Counter Terrorist Financing and the Compliance professional’s role in these areas. The module aims to assist students in developing a best-practice approach to counteracting, hindering and ultimately safeguarding individuals and corporations from fraud in the financial system
Individuals who pass the Professional Diploma in Compliance are entitled to apply for the designation ‘Licentiate of Compliance Institute' and use the designatory letters LCI. Continued use of this designation is subject to meeting The Compliance Institute's Continuing Professional Development requirements. LCI is the leading professional designation for compliance professionals in all sectors of the financial services industry in the Republic of Ireland.
This programme enrols three times a year.
Summer Trimester
12 July 2024
The minimum second level educational requirements for entry to the Professional Certificate in Compliance are as follows;
Five passes in the Leaving Certificate, including English and Mathematics
Five O Level/GCSE passes, including English Language and Mathematics
IOB will also consider applications on a mature candidate basis from applicants who are 23 years of age before the date of their application for admission to the programme.
You must be a current member of the Compliance Institute, or become a member, to undertake this programme.
To become a member, or renew your membership of the Compliance Institute click here
IOB members gain access to IOB Learn with exclusive resources, content and the ability to log CPD hours on the go.
Join IOB today