Make Me A Compliance Professional
The qualifications you will need to succeed in compliance…
What is a Compliance Professional?
A compliance professional ensures that internal controls and regulatory processes are carried out within your financial institution, they make sure that records are kept and that issues are identified before a customers interests are damaged, or the regulator takes action.
“That sounds very fancy, but what does that all mean?”
Well, to secure a career as a compliance professional you will need to know, so keep reading to find out how…
How do I become a Compliance Professional?
To work as a compliance professional at a leading Investment Bank or Financial Institution will be very competitive and careers are reserved for the most dedicated students and graduates. The financial rewards are significant and becoming a compliance professional will require you to go the extra mile. If this is the career path for you, you will want to get the industry standard qualification…
What qualification do I get?
You will need to train for the CISI (Formerly SII) Diploma in Investment Compliance. The CISI Diploma in Investment Compliance is a specialist qualification for individuals working within compliance, or those working within the financial services industry, who wish to increase their knowledge and understanding of compliance. It is designed to develop the compliance professional’s knowledge and skills in FSA regulation and compliance, as required for the securities and investment industry.
The CISI Diploma in Investment Compliance is made up of three modules. You must achieve a pass in each module to be awarded the Diploma in Investment Compliance.
The modules are:
Module 1 – Introduction to Investment
This module provides an overview of the financial services industry and the regulatory background to the industry. It covers:
- The principle institutions and financial instruments
- Asset classes
- Investment vehicles
Module 2 – CISI Regulatory Paper
This module provides candidates with knowledge of the regulations governing the financial markets and the conduct of business, together with an understanding of the legislation which underpins the regulations. It covers:
- The Financial Services and Markets Act
- The FSA Conduct of Business Rules
- - The legislation and regulation covering insider dealing, market abuse and money laundering
Module 3 – Regulation and Compliance
This module tests your understanding of the regulatory framework of the financial services industry and the legal and ethical constraints on the activities of participants in the legal industry. It covers:
- The FSA handbook of rules and guidance
- The regulatory framework surrounding the disclosure of substantial holdings of shares
- Takeovers
- Insider dealing
- Money laundering
- The regulation of markets and exchanges
Why complete the Diploma in Investment Compliance?
In the UK securities industry today this Compliance qualification is probably the single most important examination for practitioners intending to specialise in compliance. Passing this examination should be seen as an essential step for anyone who wishes to pursue a career in compliance. However, its use is not confined to compliance staff. The syllabus provides a valuable overview of the UK and European regulatory framework for any securities professional.
CISI and the RDR – make sure you’re qualified to meet the new RDR qualification standards.
In case you are not familiar with the new RDR regulations yet, the FSA’s Retail Distribution Review (RDR) introduces new exam requirements for those who advise retail clients on investments. All RDR qualifications routes must be at level 4 or higher. This is an important change because most Appropriate Examinations are currently at level 3 in the UK qualification structure. The FSA deadline for existing advisers to obtain level four qualifications has been confirmed as 31 December 2012. The CISI is introducing level 4 Certificates for Securities and Derivatives which form part of the Certificate in Investments. Please keep checking their website for more information on QCA level 4 courses and requirements: www.cisi.org
When can I take the Certificate in Corporate Finance Exams?
CISI exams are computer based and can be taken at any of the specified test centres any time throughout the year.
How will I study for the Diploma in Investment Compliance?
You will study at a time and place convenient to you with 7city’shigh-tech online distance learning package or at their state of the art training centre in London.
7c-online™ for the CISI Diploma in Investment Compliance is the industry benchmark featuring interactive learning resources and performance monitoring to identify weak areas and send targeted content and advice to remedy problem areas.
Through your 7c online™ account you can access classroom recordings, online mocks, practice question banks, email a day and the online helpdesk. Active analysis of your work patterns and performance guides your study and is seamlessly integrated into your online account, ensuring a cohesive learning experience.
Recordings
Classroom sessions are available as recordings to watch via your 7c-online account. Complete with the tutors’ annotations, they re-create the classroom environment and are ideal for re-capping and future playback after the course.
Mobile Learning
Classroom recordings are also available as downloadable podcasts in MP3 or MP4 format – ideal for learning on the move!
Email-a-day
Email-a-day delivers bite-sized practice questions to your desktop from the day you enrol on the course to the exam day itself. It will identify your weak spots, sending targeted content and advice to remedy problem areas and giving you a convenient and easy way to stay on top of your studies.
Questions and Online Mocks
Our question bank contains hundreds of constantly updated practice questions. By taking mock exams at key times, you can keep on top of your learning and be constantly sharpening your mind for the real thing.
How can I get the best price on the CISI Diploma in Investment Compliance?
We are able to offer you qualifications cheaper than anywhere else due to our unique relationship with7city, who is a leading qualifications provider, so you get the best training available.
If you would like to find out more about training in London or through distance learning you can get an exclusive discount if you contact contact Ben Scott or Sturat Empsont on 0845 072 7620.
You must quote Benedix as a reference to claim your discount
If you would like a personal consultation with regards to qualification choices contact a consultant at Benedix on 0208 742 9749.
