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Certification in Regulatory Compliance (Insurance) is a specialized programme focused on introductory and understanding regarding governance, risk and compliance. The programme covers a diverse range of subjects such as understanding the regulatory environment, international regulation, compliance in practice and financial crime prevention, insurance, financial and operational risk management and managing the risk of money laundering and terrorist financing.
Recommended For
- New graduates from any discipline
- Those wanting to build a career in compliance in the fields of Insurance or other financial services
- Staff involved in risk functions and internal or external audit
- Anyone with less than 3 years of experience in compliance or anti-money laundering (AML)
Enrolment Requirements
- SPM or ‘O’ Level
- Have the ability to complete the reading and written aspects of the programme in English
- A desire to build a career in compliance in the field of insurance
Learning Format
- Instructor-Led Online Class
Learning Outcomes
- Develop a thorough understanding of both risk and compliance
- Able to determine the importance of the regulatory framework
- Gain insights into international regulations impacting the insurance sector, enabling comprehension of global compliance standards and their implications
- Learn to streamline compliance processes and procedures to enhance operational efficiency while ensuring adherence to regulatory requirements
- Enhance professional competencies in regulatory compliance, preparing individuals for roles that require specialized knowledge in insurance-related governance, risk, and compliance
Programme Structure
Course level : Certification program
Course Duration : 70 hours
Assessment Structure : 3 x written assignment (2,500 – 3,000 words)
Exam Duration : 1.5 hours
Exam Mode : Computer Based Examination (CBE)
Passing Mark :
Band | Marks |
Distinction | 70% & above |
Merit | 60% – 69% |
Pass | 50% – 59% |
Marginal Fail | 40% – 49% |
Fail | 39% and below |
Subjects | Outline |
Unit 1 | Understanding the regulatory environment |
Unit 2 | International regulation |
Unit 3 | Compliance in practice |
Unit 4 | Insurance, financial and operational risk management |
Unit 5 | Managing the risk of money laundering and terrorist financing |
Unit 6 | Financial crime prevention |
Unit 7 | How corporate governance can enhance your firm’s performance |
Unit 8 | How to design and build world-class GRC systems and controls |
Unit 9 | Managing the risks of financial crime in insurance |
Dates
TBA
Fees
Fees
Course fee: 6,360 MYR (inclusive 6% SST)
Additional Information
Designation Award – Additional Information
- Certification in Regulatory Compliance by ICA and MII
- ICA International Advanced Certificate in Compliance awarded in association with Alliance Manchester Business School, The University of Manchester
Class Details
- Registration Closing Date: 26 February 2024
- Access to the ICTA Learning Platform: 04 March 2024
Part | Date |
Workshop 1 (Day 1) | 11 March 2024 |
Workshop 1 (Day 2) | 12 March 2024 |
Workshop 1 (Day 3) | 13 March 2024 |
Workshop 1 (Day 4) | 14 March 2024 |
Workshop 2 (Day 1) | 10 June 2024 |
Workshop 2 (Day 2) | 11 June 2024 |
Workshop 2 (Day 2) | 12 June 2024 |
Workshop 2 (Day 2) | 13 June 2024 |
- Assignment 1 submission: 15 April 2024
- Assignment 2 submission: 15 July 2024
- Assignment 3 submission: 9 September 2024