Advanced Certificate in RegTech Module 1: Regulatory Monitoring, Reporting and Compliance in the Finance Industry
- Analytics & Tech
- Finance & Investment
2 days
Weekdays (9am - 5pm)
Who Should Attend
Financial services professionals as well as technologists who wish to have a solid understanding of the current FinTech landscape, relevant regulations, RegTech use cases, and the risks and opportunities that come with the digital revolution.
PREREQUISITES
There are no prerequisites for this programme. Prior knowledge on any of the topics is not required.
Overview
Over the last ten years, compliance functions have increased their resources and have widened their range of tasks, with a dramatic increase in their monitoring and surveillance activities, whether manual or substantially automated. This growth has reflected, in part, the post-crisis regulatory reform agenda and more intensive and intrusive supervision. Compliance functions now have an increased profile and higher expectations placed upon them. However, a changing business environment, tough economic and competitive conditions, evolving risks and cost pressures on financial institutions have led to increasing pressure on compliance functions to re-align to business strategic goals and to transform into a more value-add service line that can deliver more effectively and efficiently. Moreover, despite having strengthened the control environment and enhanced compliance with regulatory requirements over the last decade, the focus and mindset of compliance in many organisations remains overly risk-averse, conservative and still struggles with the remediation of past problems, resulting in limited bandwidth to support, as well as continuing to challenge the business.
This module aims to familiarise participants with current as well as upcoming regulations, corresponding monitoring, reporting and compliance requirements, and their impact on the wider financial services sector; in particular, participants will learn how regulations after the 2008 financial crisis have and are still reshaping the financial services landscape.
Learning Objectives
- Have a solid understanding of the breath of Financial Services activities in terms of banking services, investment services, insurance services, and tax and accounting services
- Be familiar with current and upcoming regulations affecting companies that operate in or out of Southeast Asia
- Have a solid understanding of the key challenges brought on by regulation
- Be equipped with knowledge about common (and best) practices deployed by financial services companies to comply with regulations
- Have gone through a variety of case studies understanding the challenges of conducting business in a highly competitive environment while adhering to regulation (e.g., offering payment services while managing compliance surveillance and financial crimes exposure)
- Be familiar with roles and responsibilities related to regulatory compliance management
- Have an appreciation for the need for collaboration across key governance functions (legal, compliance, risk management, internal audit)
- Be able to identify issues in compliance and regulatory reporting that could benefit from the development of RegTech solutions
Assessment
As part of the requirement for SkillsFuture Singapore, there will be an assessment conducted at the end of the course. The mode of assessment, which is up to the trainer’s discretion, may be an online quiz, a presentation or based on classroom exercises.
Participants are required to attain a minimum of 75% attendance and pass the associated assessment in order to receive a digital Certificate of Completion issued by Singapore Management University.
Calculate Programme Fee
Fee Table
| COMPANY-SPONSORED | |||
|
PARTICIPANT PROFILE |
SELF-SPONSORED |
SME |
NON-SME |
|
Singapore Citizen < 40 years old Permanent Resident LTVP+
|
$654 (After SSG Funding 70%) |
$254 (After SSG Funding 70% |
$654 (After SSG Funding 70%) |
|
Singapore Citizen ≥ 40 years old |
$254 (After SSG Funding 70% |
$254 (After SSG Funding 70% |
$254 (After SSG Funding 70% |
|
International Participant |
$2,180 (No Funding) |
$2,180 (No Funding) |
$2,180 (No Funding) |
All prices include 9% GST
Please note that the programme fees are subject to change without prior notice.
Post Secondary Education Account (PSEA)
PSEA can be utilised for subsidised programmes eligible for SkillsFuture Credit support. Click here to find out more.
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