Diploma in Operational Risk Management

Course Structure

Operational Risk Management - Credit Value: 0.5

• Background
• Risk Management Process – Identification
• Risk Assessment
• Risk Mitigation
• Monitoring and Reporting
• Responsibility for the Management of Operational Risk
• Business Continuity Management
• UK Regulatory Environment

Money Laundering - Credit Value: 0.5

• Introduction to money laundering
• The money laundering process
• The Anti-money laundering framework
• Anti-money laundering procedures
• Enforcement

Financial Crime - Credit Value: 0.5

• Types of Financial Crime
• Legislation
• Regulation
• Policy, Practice and Procedures
• Enforcement
• Sources of risk
• Professional liability and misconduct
• Impact of financial crime
• Role of the Financial Services Authority
• Codes of best practice
• Internal audit, internal financial control and internal check
• Management and staff fidelity

Management Strategy and Leadership - Credit Value 1.0

• The Organisation and the Manager
• Managing Individuals and Teams
• Leadership
• Themes in Management
• The Strategic Management Process
• Organisational Mission and Objectives
• Strategic Change
• Strategic Analysis
• Strategic Choice

The Compliant Person and Regulatory Risk - Credit Value: 0.5

• Law, regulation and ethics - their role in financial services
• Regulation
• Common law accountabilities
• Codes and statements of practice
• Complaints and compensation
• Ethics
• The ethical environment
• Stakeholders
• Ethical problems facing the individual

UK Financial Services, Regulation and Ethics (ApEx 1)

• U1 . The purpose and structure of the UK financial services industry
• U2 . The main financial asset classes and their characteristics, covering past performance, risk and return
• U3. The main financial services product types and their functions
• U4. The main financial advice areas
• U5. The process of giving financial advice, including the importance of regular reviews of the consumer's circumstances
• U6. The basic legal concepts relevant to financial advice
• U7. The UK taxation and social security systems and how they affect personal financial circumstances
• U8. The impact of inflation, interest rate volatility and other relevant socio-economic factors on personal financial plans
• U9. The FSA's approach to regulating firms and individuals
• U10. How the FSA's rules affect the control structures of firms and their relationship with the FSA
• U11. How the FSA's Conduct of Business rules apply to the process of advising customers / clients
• U12. How the anti-money laundering rules apply to dealings with private and intermediate customers
• U13. The main features of the rules for dealing with complaints and compensation
• U14. How the Data Protection Act 1998 affects the provision of financial advice and the conduct of firms generally
• K1 . The main aims and activities of the Financial Services Authority (FSA) and its approach to ethical conduct by firms and individuals
• K2 . How non-tax law and regulations impact upon firms and the process of advising clients

Project Management - Optional Subject - Credit Value: 0.5

• Introduction to Project Management
• Project Initiation
• Project Planning
• Project Implementation
• Project Closure