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

Singapore - 20 February 2014

The International Compliance Association (ICA) is pleased to announce a brand new qualification: The ICA FICS Accredited Advanced Certificate in Governance, Risk & Compliance designed for those new to compliance.

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 on where you can find out more about the qualification and how it fits in with your career aspirations.

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