Financial Services Compliance/Risk Officer (level 3)

The Financial Services Compliance/Risk Officer (level 3) apprenticeship programme is typically 15 months in duration and will provide the training needed for providing support and advice to the business on their specific area(s) of expertise (e.g. financial crime), enable them to support the business on specific problems that emerge and working on reviews/audits to check that policies are being correctly applied.

As part of the apprenticeship standard, the apprentices will will complete one appropriate qualification (as considered most relevant by the employer) from one of the identified Professional Bodies. The ICA qualifications you can study for this standard are:

Certificate in Compliance Qualifications:

• ICA Certificate in Anti Money Laundering
• ICA Certificate in Compliance
• ICA Certificate in Financial Crime Prevention
• ICA Certificate in Managing Sanctions Risk
• ICA Specialist Certificate in Money Laundering Risk in Betting and Gaming
• ICA Specialist Certificate in Money Laundering Risk in Correspondent Banking
• ICA Specialist Certificate in Trade Based Money Laundering
• ICA Specialist Certificate in Conduct Risk

Advanced Certificate in Compliance Qualifications:

• ICA International Advanced Certificate in Regulatory Compliance
• ICA International Advanced Certificate in Anti Money Laundering
• ICA Advanced Certificate in Practical Customer Due Diligence
• ICA Advanced Certificate in Managing Fraud
• ICA Advanced Certificate in Business Compliance

Apprentices will be graded at Fail, Pass and Distinction grades. The Distinction is designed to recognise the small proportion of apprentices who are seen as outstanding employees, regularly going beyond what is required to be competent in the role and seen as having greatest potential for the future.

End-Point Assessment Structure

End-point assessment contains 2 components:

• A portfolio of evidence created through the apprenticeship which contains a range of types of evidence demonstrating that the apprentice has met the requirements of the standard, supported by a professional discussion.
• A structured Interview that focuses on the skills and behaviours of the Standard, testing the competence of the apprentice in the softer aspects of the role.

Grades & Certification

At the end of the apprenticeship standard, successful apprentices are awarded with Pass or Distinction. ICA will arrange for production of the final certificate from the Education Skills Funding Agency (ESFA) and they will be invited to attend an ICA Awards Ceremony.

Professional Membership

Apprentices who are undertaking their end-point assessment with ICA will be made members of the ICA following registration. Upon successful completion the apprentice can apply for Professional Membership of the appropriate Professional Body depending upon the qualification taken. Find out more about ICA membership here.

Financial Services Senior Compliance/Risk Specialist (level 6)

The Senior Financial Services Compliance/Risk Specialist (level 6) apprenticeship programme is typically 36 months in duration and prepares people for the a more senior role of that involves providing high quality input and advice to the business in their specialist area(s) of expertise e.g. risk, financial crime, compliance. This is likely to include dealing with complex problems, implementing new legal/regulatory requirements, and working with senior managers in the organisation.

As part of the apprenticeship standard, the apprentices will will complete one appropriate qualification (as considered most relevant by the employer) from one of the identified Professional Bodies. The ICA qualifications you can study for this standard are:

• ICA International Diploma in Anti Money Laundering
• ICA International Diploma in Governance, Risk and Compliance
• ICA International Diploma in Financial Crime Prevention

Apprentices will be graded at Fail, Pass and Distinction grades. The Distinction is designed to recognise the small proportion of apprentices who are seen as outstanding employees, regularly going beyond what is required to be competent in the role and seen as having greatest potential for the future.

End-Point Assessment Structure

End-point assessment contains 3 components:

• A project that demonstrates the capability of the apprentice to deliver the core of the role
• A portfolio of evidence, including reflective learning, created through the apprenticeship, which contains a range of types of evidence and supports the project, focusing particularly on the remaining areas of the standard
• A structured panel interview that will focus primarily on the skills and behaviours of the standard, testing the competence of the apprentice as well as exploring the project, the content of the portfolio, how it has been produced and how well they are performing in their role.

Grades & Certification

At the end of the apprenticeship standard, successful apprentices are awarded with Pass or Distinction. ICA will arrange for production of the final certificate from the Education Skills Funding Agency (ESFA) and they will be invited to attend an ICA Awards Ceremony.

Professional Membership

Apprentices who are undertaking their end-point assessment with ICA will be made members of the ICA following registration. Upon successful completion the apprentice can apply for Professional Membership of the appropriate Professional Body depending upon the qualification taken. Find out more about ICA membership here.