Executive Certificate in Corporate Relationship Management Module 2: Regulatory Requirements, Compliance and Client On-Boarding

Finance & Investment
Innovation & Business Improvement

Next Intake: 12 Jun 2025 (Thu)

Basic
SkillsFuture
Short Courses
This module is part of Executive Certificate in Corporate Relationship Management

This module is conducted in-person.

Next course starts on

12 Jun 2025 (Thu) See Full Schedule

Fee

SGD2,180* (as low as SGD780 after maximum funding) Learn More

Duration

2 days
Weekdays (9am - 5pm)

Assessment on Day 3 (9.15am - 10.45am)

Level

Basic

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

It is essential for banks and financial institutions to ensure that activities are compliant with current legislation and regulatory standards given the rise in money laundering, corruption and fraud cases. Failure to ensure customer due diligence as part of the client-onboarding process can pose significant risks to banks and financial institutions.

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

COMPANY-SPONSORED

Singapore Citizen < 40 years old

Permanent Resident

$1,180¹

Singapore Citizen ≥ 40 years old

$780²

International Participant

$2,180

(No Funding)

$2,180

(No Funding)

All prices include 9% GST

¹50% IBF-STS funding for Singapore Citizens and Permanent Residents
²70% 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 (For courses commencing from 1 Jan 2023 onwards)

Standards Training Scheme

IBF-STS Funding of 50% is available to eligible institutions and qualified individuals, subject to meeting the attendance requirement and passing of assessment. The IBF-STS funding is subject to a cap of S$3,000 per participant per programme.

Singapore Citizens aged 40 years old and above will be eligible for 70% co-funding of direct training costs.

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.

Click here for more details.