Course description
The role of an MLRO is one of high responsibility, with financial and personal consequences if something goes wrong. As an MLRO or Deputy MLRO, you need the confidence and practical skills to tackle the unique challenges these roles present.
Part of the ICA Practitioner Series, this unique certification is written by MLROs for MLROs and provides a practical framework and toolkit that gives you the knowledge and skills to:
- navigate the complex role of a Money Laundering Reporting Officer
- mitigate risks
- make changes and set goals
- challenge stakeholders
- make informed decisions and demonstrate the rationale
- manage relationships with boards and regulators effectively.
Suitability - Who should attend?
Learners are required to have a good standard of spoken and written English for this course and either ONE of the following:
- Professionalsaspiring to work in a Money Laundering Reporting Officer role who will have completed an ICA International Diploma qualification or equivalent
OR
- A professional with at least a years’ experience as a Deputy Money Laundering Reporting Officer or currently holding the role of Money Laundering Reporting Officer
The course has been designed primarily for those working in, or exposed to the UK regulatory environment as it discusses the requirements of the UK controlled function of the MLRO.
Outcome / Qualification etc.
This qualification covers the following topics:
- Interview questions and wider due diligence before taking up an MLRO / Deputy MLRO position
- Governance - senior management responsibilities – prescribed responsibilities
- Management information & report writing
- Risk assessment and risk appetite
- Policies, procedures & operational implementation
- Staff, training, leading and influencing/psychological models to develop interpersonal skills
- Quality of oversight – obtaining trusted data
- First 100 days - main risks and expectations
- Form A – FCA Registration, fit & proper interview
- Building Trust - stakeholder management, committees, management information, regulatory interaction, the MLRO Report
- Problem shooting and escalation pathways
Course delivery details
Standard
You will study for this qualification over 9 weeks via a mix of online study and live, virtual classrooms delivered by industry experts:
- 8 x Virtual Classrooms
- 1 x Live Immersive Scenario and Group tutorial
It is assessed by a written assignment which must be submitted within two weeks.
Intensive
This intensive format over 3 weeks contains a mix of online study and live, virtual classrooms delivered by industry experts:
- 8 x Virtual Classrooms over three days
- 1 x Live Immersive Scenario
- 1 x Group tutorial
You will need to attend all sessions in this intensive version to complete the course.
It is assessed by a written assignment which must be submitted within two weeks.
Expenses
£3495 + tax
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International Compliance Association
Creating Compliance Leaders The International Compliance Association (ICA) is a professional membership and awarding body. We are the leading global provider of professional, certificated qualifications in anti-money laundering; governance, risk and compliance, KYC and financial crime prevention. These qualifications are...
