Executive Certificate in Corporate Relationship Management Module 2: Regulatory Requirements, Compliance and Client On-Boarding
- Finance & Investment
- Innovation & Business Improvement
This module is conducted in-person.
To use your SkillsFuture Credit, please submit your claim through our payment portal. Do not submit the claim manually via the SkillsFuture page. Please refer to our step-by-step guide here.
2 Full days (Weekdays)
Assessment on Day 3 (9.15am - 10.45am)
Who Should Attend
- Assistant Relationship Managers or Relationship Management Associates
- New hires supporting the corporate banking function
- Aspiring individuals who are keen to pursue a career in the corporate banking industry
- Trade finance, cash management, credit personnel who require deeper understanding of the corporate lending function
- Banking professionals supporting the corporate banking department such as legal and compliance, IT, risk and audit
PREREQUISITES
There are no prerequisites for this programme. Prior knowledge on any of the topics is not required.
Overview
This module looks into building knowledge of the Singapore regulatory structure and supervisory framework. Participants will gain familiarity with relevant laws, regulations, trends and development pertaining to corporate banking, and awareness of compliance procedures and practices to ensure compliance with relevant legislation and regulatory requirements. They will also learn how to gather relevant client information needed to perform Know Your Customer, Anti-Money Laundering, Customer Due Diligence (KYC/ AML/ CDD) checks and fraud assessments as part of customer acceptance checking and onboarding procedures.
This module is stackable towards a certification for the role of Assistant Relationship Manager/ Relationship Management Associate.
Learning Objectives
At the end of the 2-day module, participants will be able to
- Identify and apply legislative and regulatory requirements to ensure their own work is in compliance with standards
- Able to communicate key legislative and regulatory requirements and related management systems to relevant stakeholders to facilitate legislative compliance
- Implement corrective actions and internal controls to close compliance gaps and address compliance risk exposure
- Highlight possible non-compliance activities to facilitate organisational regulatory compliance efforts
- Able to obtain and validate information and documents from customer and provide explanation as part of onboarding
- Perform KYC / CDD / AML, business partner analysis checks and fraud risk assessment using established fraud detection procedures
- Apply knowledge of financial services industry related laws and regulations in the context of managing client relationships and recommending suitable financing solutions for clients
Topic/Structure
Overview of The Regulatory Framework
- Financial services industry knowledge and associated risks
- Legislative and regulatory requirements relevant to financial services industry
- Purpose of legislative and regulatory compliance
Regulations Relevant to Corporate Banking
- Regulatory Structure for Singapore Banking and Financial Services Industry
- Examples of Industry Specific Organisation
- Companies Act
- Banking Act
- Financial Advisers Act
- Securities & Futures Act
- MAS Instruments
- Basel Accord
Financial Crimes – Regulatory Framework
- Introduction to Financial Crimes
- AML and CFT Regime Regulatory Framework
- Bank's Financial Crime Risk Management and Control Processes
Other Rules and Regulations
- Uniform Custom and Practice for Documentary Credits (UCP)
- Uniform Rules for Collection (URC)
- International Commercial Terms (INCOTERMS)
- ISDA Master Agreement
- Prevention of Corruption Act
- Personal Data Protection Act (PDPA)
Assessment
As part of the requirement for IBF-STS accredited courses, 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.
Fee Table
|
PARTICIPANT PROFILE |
SELF-SPONSORED |
EMPLOYER-SPONSORED |
|
Singapore Citizen < 40 years old Permanent Resident
|
$1,1801 |
$1,1801 |
|
Singapore Citizen ≥ 40 years old |
$7802 |
$7802 |
|
International Participant |
$2,180 |
$2,180 |
All prices include 9% GST
1 50% IBF-STS funding for Singapore Citizens and Permanent Residents
2 70% IBF-STS funding for Singapore Citizens aged 40 years old and above
For more information, you may refer to this link.
Note: Fees may be subject to change, according to prevailing funding terms and conditions from the Institute of Banking and Finance Singapore (IBF)
Please note that the programme fees are subject to change without prior notice.
IBF - STS Funding
Standards Training Scheme
The IBF Standards Training Scheme (IBF-STS) provides funding for training and assessment programmes accredited under the Skills Framework for Financial Services. It is applicable for both Company-Sponsored and Non Company-Sponsored individuals.
For training programmes commencing from 1 Jan 2023:- Individuals must be physically based in Singapore.
- Singapore Citizens and PRs will be eligible for 50% funding of direct training cost.
- Singapore Citizens aged 40 years old and above will be eligible for 70% co-funding of direct training cost.
- Funding amount is capped at S$3,000 per participant per course.
- Course fees subsidies will not apply to self-sponsored individuals who are not employed by financial institutions and Singapore FinTech Association certified FinTech firms for critical core skills (generic /soft skills) and future-enabled skill only courses.
- Trainees are only eligible for a one-time grant of course fee subsidies for the course per calendar year, subject to their successful completion of the course.
Click here for more details.
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*Registration will close 5 calendar days before the course start date, or once the class is full, whichever comes first.
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