IRELAND: New Compliance and Ethics Training Programs Launched to Enhance Skills of Financial Services Professionals
The Compliance Institute has launched a Professional Certificate and Diploma in Compliance program aimed at enhancing compliance and ethics standards in Ireland’s financial services sector.
Overview of the Program
The Professional Certificate and Diploma in Compliance program is designed for professionals working or aspiring to work in a compliance function within financial services. The level 7 qualification, provided by IOB, a recognized college of UCD, aims to equip participants with advanced skills, judgment, and ability to tackle practical issues in managing and practicing compliance in the industry.
Modules
The program consists of two modules for the Professional Certificate:
- PDC 1: Compliance and Regulatory Structure
- PDC 2: Conduct of Business Rules
These modules introduce students to the theory of regulation and its application to financial services. The Professional Diploma, comprising modules PDC 1-4, is considered the benchmark qualification for compliance professionals in all sectors of the financial services industry.
Online Delivery
The program is delivered online through webinars, with modules available three times a year. Exams are held in January, May, and September.
Course Outcomes
Upon completing the program, graduates will be able to:
- Describe the role of the compliance function
- Explain legal and regulatory environments
- Assess authorisation and supervision requirements
- And more…
The program also emphasizes the importance of ethics and ethical behavior in financial services operations.
Designation and Certification
Successful completion of PDC 1-4 earns participants a Professional Diploma in Compliance from UCD, as well as an invitation to apply for the ‘Licentiate of Compliance Institute’ designation and use the designatory letters LCI. The LCI designation satisfies the Central Bank of Ireland’s Minimum Competency Code for those who adjudicate on consumer complaints.
Fees and Funding
Fees for the program are €680 per module. Learners registering for the Professional Certificate are eligible for a 50% subsidy under HCI Pillar 3 Fee Subsidy, while those registering for the Professional Diploma are eligible for 25% funding from Skillnet. To register, professionals must be current members of the Compliance Institute.
Registration and Contact Information
For more information on the program or to register, contact [email protected].