CERTIFICATION IN REGULATORY COMPLIANCE

Gain detailed understanding of the engaging role of a modern Compliance Officer

Why Choose Certification in

Regulatory Compliance?
Gain detailed understanding of the engaging role of a modern Compliance Officer
The postfinancial crisis landscape of the banking industry places regulatory compliance under greater scrutiny than
ever before. Consequently, professionals who are well versed in the field of compliance are in great demand.
Clearly aware of this need in the industry, AICB, together with the International Compliance Association (ICA), has
designed the Certification in Regulatory Compliance to equip you to master the skills of regulatory compliance and
risk. This Certification is the first in a series of courses that will take you from entry level to becoming a professional
Compliance Officer in the banking and financial services landscape of today.

Learning Outcomes
This programme is designed to equip you to demonstrate knowledge,
understanding and skills regarding:
The regulatory environment, including the role and powers of Bank Negara
Malaysia (BNM)
The role and responsibilities of both the compliance function and the
Compliance Officer, and the skills needed to successfully discharge these
The implementation of key compliance activities plus awareness of different
types of financial crime
By completing this Certification, you will:
Develop compliance knowledge and key skills
Enhance your performance and open up further career opportunities
Reduce financial and reputational risks for your organisation
Provide verifiable evidence of learning
This Certification is jointly awarded by AICB and ICA. All ICA qualifications are
awarded in association with Manchester Business School, the University of
Manchester; the largest campus-based business and management school in
the UK.

CERTIFICATION IN REGULATORY COMPLIANCE

Who is it for?
If you identify with one or more of the descriptions below, this programme may be just right
for you:

COURSE SYLLABUS
Module 1

Module 2

New graduates from any discipline

Those wanting to build a career in compliance in the fields of:
- Banking
- Insurance
- Other financial services
Staff involved in risk functions and internal or external audit
Anyone with less than 3 years of experience in compliance or antimoney laundering (AML)
What Professional Credentials Do You Acquire?
Upon successfully completing this Certification, you will receive the following awards:
Certification in Regulatory Compliance by AICB
ICA Certification in Regulatory Compliance (in association with Manchester Business
School, The University of Manchester)

FACT BOX
Programme Level:
Intermediate
Programme Duration:
6 months

The Malaysian Regulatory Environment

The Role of the Compliance Function

The need for, and objectives of, regulation

T
 he Malaysian regulatory environment: evolution
of financial services regulation in Malaysia
The Malaysian regulators and their powers
Regulatory models: approaches to regulation
Regulatory principles and sources of regulation
Independence, transparency and accountability
of regulators
A primer on the prevention of financial crimes

Compliance structure
The role of the Compliance Officer
Key compliance activities and processes
Risk-based compliance monitoring
Investigating compliance breaches
Preparing for and managing a regulatory supervisory visit
Drafting compliance reports
Managing key relationships
Compliance, culture and ethics
Training

Module Outcomes
By the end of this module you should:
H
 ave a broad understanding of the Malaysian
financial services regulatory environment
A
 ppreciate the history and development of
financial services and its regulation in Malaysia
B
 e familiar with a variety of different models of
regulation
U
 nderstand the role of BNM and how it carries
out its regulatory function
U
 nderstand the need for regulators to be
independent, transparent and accountable for
their actions
B
 e aware of the impact of financial crimes on
financial services organisations and the need for
regulation and compliance

Module Outcomes
By the end of this module you should:
U
 nderstand the structure and purpose of compliance within
a firm
Be familiar with the role of the Compliance Officer
B
 e able to outline key compliance activities and processes
U
 nderstand the basis for risk-based compliance monitoring
A
 ppreciate how to conduct investigations into compliance
breaches
U
 nderstand what is required in preparation for a
compliance visit
B
 e familiar with reporting requirements
B
 e able to explain the need to manage key relationships
U
 nderstand the link between compliance, culture, ethics
and training.

EXAMINATIONS & LEARNING SUPPORT

Module 3

Module 4

Method of Assessment

Each module:

Compliance in Practice
Practical considerations
Compliance oversight: understanding issues and
concerns
Specific internal compliance control issues
Governance, risk and compliance (GRC) functions
Risk issues
Managing risk
Module Outcomes
By the end of this module you should:
Be able to evaluate the key features of an
annual compliance plan, compliance manual, and
compliance handbook discussing the importance
of rigorous high-level systems and controls
Understand the necessity of oversight of
regulatory compliance by the firm from both the
board and the compliance function
Be able to outline the operation of specific
internal controls
Understand the roles played by GRC functions
and how these relate to other functions within a
firm
Determine risk types and indicators for a variety
risk areas
Be able to explain how the compliance function
contributes to the management of risk

Corporate Governance, Creating a Compliance

Culture & the Benefits of Compliance
An introduction to corporate governance
Bank Negara Malaysias (BNMs) role in the enhancement
of Malaysias corporate governance regime
The Malaysian corporate governance regulatory
framework
Creating an effective compliance environment
Sustainability, reputation and ethical practices
Financial reporting in Malaysia
Module Outcomes
By the end of this module you should:
Understand the contribution of international and national
organisations, and regulators in the development of
corporate governance
Be able to explain BNMs role in the enhancement of
Malaysias corporate governance regime
Be able to describe how Malaysias corporate
governance regulatory framework impacts on firms
Appreciate the importance of an ethical and compliance
culture for establishing an effective compliance
environment
Understand the relationship between ethical practices,
reputation and conduct in maintaining a sustainable
business
Understand the ways in which each of the principles may
affect firms and the potential penalties for breaches
Be able to explain aspects of financial reporting that is
significant for compliance and for a firm

Examination (50%)
- Open book examination: a choice of questions, including case studies,
report writing and essays
- Duration: 1 hour and 30 minutes with 15 minutes of reading time
Assignment (50%): 2,000-2,500 words

Exam Preparation
You can prepare for the exam through self study using the comprehensive online course materials provided by
ICA & AICB.
Boost your self study effort with:
2-day workshops

Online induction and learning support

How Many Intakes Are There?

There are 2: one in February and another in August. The assignment is submitted during the course, while the
examination will occur at the end of the six month period.

PARTIES INVOLVED

Workshop 2

Workshop 1

Workshop 2

Due Date for Assignment

Examination Date

Asian Banking School (ABS)

Workshop 1

Aug 2015

Dates for Workshops

(Option 2)*

Commencement Intake

Feb 2015

Dates for Workshops

(Option 1)*

Enrolment Closing Date

Intake

Course Schedule

6 Mar
2015
(Fri)

30 Mar
2015
(Mon)

27 Apr
2015
(Mon)

28 Apr
2015
(Tue)

29 Apr
2015
(Wed)

30 Apr
2015
(Thur)

1 Jun
2015
(Mon)

25 Jul
2015
(Sat)

1 Jul
2015
(Wed)

3 Aug
2015
(Mon)

26 Oct
2015
(Mon)

27 Oct
2015
(Tue)

28 Oct
2015
(Wed)

29 Oct
2015
(Thur)

30 Nov
2015
(Mon)

23 Jan
2016
(Sat)

Disclaimer: Dates are accurate at time of print but may be subject to change based on the Institutes discretion.

ENTRY REQUIREMENTS
This Certification is open to anyone who is interested in pursuing a career in compliance or risk.
However, candidates must:
Be an Individual Member of AICB
Have good general education
Have the ability to complete the reading and written aspects of the programme in English

The Asian Banking School (ABS) is the Asian Institute of Chartered Banker (AICB)s premium
learning partner for developing banking talent. ABS is a world-class educational centre for delivering
intellectual content and fostering skills in the financial services industry. ABS accomplishes this in
close cooperation with banking industry stakeholders through a robust and relevant curriculum and
training programmes. ABS has incorporated new communications technology to strike the right
balance between classroom experiences and online study. For enquiries, please contact ABS at
(603) 2742 7822 or email enquiries@asianbankingschool.com.

International Compliance Association (ICA)

AICB has formed a strategic alliance with the International Compliance Association (ICA) to create
a certification and training in the field of Compliance. The ICA is a professional, awarding body with
a global membership. Since it was founded in 2001, thousands of individuals have completed ICAs
diploma and certificate programmes all over the world. ICAs internationally recognised qualifications
are a benchmark of professionalism, competence and excellence. The ICA is the government
appointed Lead Provider of Financial Industry Competency Standards, accredited training and
assessment programmes in the field of compliance in Singapore. The ICA helps businesses,
regulatory authorities, government agencies and clients promote best practices through education,
dialogue, information exchange and detailed resource material. The ICA aims to help improve the
performance of individuals, firms and the industry as a whole. The ICA works in association with its
quality assurance partner, Manchester Business School, The University of Manchester.

Manchester Business School,

The University of Manchester (MBS)
MBS is the UKs leading centre for business research, offering an impressive range of programmes
and services to both students and businesses. They provide world-class business and management
education to undergraduates, postgraduates, highly-experienced practitioners and people wishing
to pursue academic careers. They compete on a global scale for the best students and staff, and
continue to generate ground-breaking research that is recognised by peers and practitioners
across the globe.

HOW TO REGISTER
Enrol Now
Effective 16 February 2015, please contact Asian Banking School at (603) 2742 7822 or email
enquiries@asianbankingschool.com to enrol.
For more information on this certification, please email marketing@aicb.org.my

AICB MEMBERSHIP FEES

Below are the various membership fees for the following categories of membership:
Membership Categories
Financial Institutions

Non-Financial Institutions

Ordinary (RM)

Member (RM)

Affiliate (RM)

Associate (RM)

Employed
in approved
financial
institution
Non-managerial
position
Less than 5
years work
experience

Employed in approved financial institution, AND:

- Recognised degree/professional qualification

+ 5 years work experience in financial
services + supervisory/management position

Not employed
in approved
financial
institution
Non-managerial
position
Less than 5
years work
experience

Not employed
in approved
financial
institution
Managerial
position
At least 5 years
work experience

New Membership
Annual Subscription

40

90

60

110

Renewal of Annual
Subscription

40

90

60

110

Application

- AICB certification/qualification + 3 years

work experience in financial services +
supervisory/management position
OR

PROGRAMME FEES
Introductory Price for 2015 (AICB Member)

RM3,000

Published Price

RM6,000

The fees cover course materials, face-to-face workshops, course webinars and 2 examination sitting attempts.
Note: AICB membership and programme fees are subject to change due to the application of GST effective 1st April 2015.
For the latest updates, please visit www.aicb.org.my

ASIAN INSTITUTE OF CHARTERED BANKERS

The Asian Institute of Chartered Bankers (AICB) is the professional body for the banking and financial services
industry in Malaysia. It aims to elevate the banking industry and uphold standards of excellence by enhancing the
quality of professionals who work within the industry.
To that end, AICB offers industry-focused professional examinations, qualifications and awards that are attuned
to the cultural changes and the evolving landscape of the financial world. It accomplishes this through its own
curriculum and through collaboration with renowned institutions locally and abroad, to share international best
practices and standards. An AICB qualification elevates your status as a banking professional on par with the
worlds best.
Transformed from the Institute of Bankers Malaysia founded in 1977, the establishment of the Asian Institute of
Chartered Bankers is an initiative supported by its Council. With this transformation, AICB will champion the vision
of professionalising bankers to establish high standards of professional excellence as well as to instil a minimum
standard of professional and ethical conduct through the partnership with the Chartered Banker Institute, the only
professional banking Institute in the UK.

Asian Institute of Chartered Bankers (formerly known as Institut Bank-Bank Malaysia)

(35880-P)

Wisma IBI, 5 Jalan Semantan,

Damansara Heights, 50490 Kuala Lumpur,
Malaysia.
T (603) 2095 6833 F (603) 2095 2322 E marketing@aicb.org.my W www.aicb.org.my
www.facebook.com/TheAICB

TheAICB

Asian Institute of Chartered Bankers