MSc Regulation & Compliance - Senior Compliance & Risk Specialist Apprenticeship

Course overview

Senior Compliance & Risk Specialist Apprenticeship

Henley's MSc Regulation & Compliance programme has been adapted to the requirements of the Level 6 Senior Compliance & Risk Specialist Apprenticeship standard. Individuals completing this programme will also be awarded a Diploma from the CISI.

Whilst there are many modules on governance and regulation in Master’s programmes in Finance, Henley is proud to be one of the first to offer an executive Master’s programme focusing exclusively on regulation and compliance.

The programme focuses on covering three broad themes:

  • Knowledge of how, when and why we regulate the financial sector
  • The drivers of consumer behaviour and how this in turn drives or is driven by firms’ behaviour
  • Forming sound forward-looking judgements based on data and information and developing the ability to articulate these to a wide range of stakeholders.
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Why Henley?

We empower individuals to become great professionals and outstanding business leaders, who think with clarity and act with confidence and conviction. This is an enriching experience that provides new outlooks that will shape your management decisions throughout your life.

The alumni network

Your cohort and cohorts from previous years are likely to form the most valuable network throughout your career. From day one you join the alumni association, a group of 75,000 spread over 150 countries. There are regional and international alumni groups and Special Interest Groups providing a priceless series of events, mentoring programmes, career advice, and industry contacts and information.

The environment

Locations for teaching sessions may vary and will include the following locations: Canary Wharf, the Greenlands Campus in Henley-on-Thames and the trading rooms within the ICMA Centre, Henley Business School, Whiteknights Campus in Reading.



Faculty

How we teach you

The structure

Studied part time over three years this Master’s programme has blended learning elements, combining face-to-face workshops with online learning all taught by Henley’s academic team supported by subject matter experts drawn from the wider financial services industry.

On average each module consists of three terms of 12 weeks with four workshops every fortnight then four weeks for assessment.

Important Information

Programme Length: 3 years, part-time - including time for the End Point Assessment (EPA)

Price: Autumn 2019 intake - £23,00 available through your organisations Apprenticeship Levy Digital Account.

Application Deadline: Middle of July 2019. Exact date tbc.

Please note to apply for this programme formal nomination forms must be completed by employers and the Employer Framework Agreement signed before application links will be sent.

September 2019 - Key Deadline dates:

  • Employer Nomination Forms to be signed and returned by 20 June 2019
  • If the Employer Framework Agreement between your organisation and the University of Reading has NOT previously been signed, it will need to be signed and returned by 21 June 2019
  • Individual applications to be received by date tbc

For further details please email: apprenticeships@henley.ac.uk

Previous intakes:

  • September 2018

Course modules

The module descriptions set out on this page are correct for modules being taught in the current academic year. Optional module listings are indicative and may be subject to change

Schedule

Schedules for the MSc Regulation & Compliance - Senior Compliance & Risk Specialist Degree Apprenticeship

Stage 1

This module sets the scene for this programme. It engages participants in a study of the international landscape of financial intermediation. The rationales for different types of intermediation are examined in the context of risk in all its guises and then tied to the impact of both intermediation and risks on stakeholders.

Topics are explored in the context of critical and mainstream literature, as well as real-world evidence linking financial intermediation with developments and impact on the real economy.

This module aims to expose participants to the scholarly discourse underpinning the varied topics within the broader heading of financial markets and financial instruments. The learner can also be expected to develop a deep appreciation of established and more current practices in the operation of markets and instruments, so that they, as regulators and compliance officers, are able to critically evaluate and challenge these where required.

This module builds on prior understanding of intermediation, markets, instruments and risk.

It introduces participants to a cross-disciplinary study of the practical, philosophical, historical and socio-economic aspects of financial regulation.

Stage 2

Participants will examine key elements of the theory and practice of corporate governance, ethics, behaviour and culture as they can be applied to the financial sector. The aim is to allow regulators and compliance officers to robustly and effectively challenge poor behaviour or culture to improve stakeholder outcomes. Students will engage with topical debates in areas including directors’ duties, remuneration, ethical conduct and risk oversight.

Participants will develop a nuanced, advanced understanding of the topical challenges associated with the development of the financial sector and how actors in the finance industry respond to these strategic challenges. We will examine different strategic perspectives and approaches and how they translate into business models. Based on this conceptual basis, we will explore specific strategic challenges in respect of changes to industry structure, business strategy and risk appetite which together help to understand the complex sources of strategic change in the finance industry.

We will also examine the consequences that strategic developments in the financial industry have for the financial regulator and compliance function within firms.

Participants will build on the conceptual foundations established in previous modules to engage with some of the more complex and substantive dilemmas encountered by financial regulators and compliance/risk officers. Using insights from history, sociology, politics, strategy, international relations, law and psychology this module encourages students to engage with topics such as complexity, inter -connectedness, domino effects, competing priorities, legal and financial engineering, incentives, positions of significant influence, lobbying, cognitive regulatory capture, sustenance of competition, political will, unintended consequences of regulation and international dimensions to domestic problems.

Real economy implications, critical analysis of key issues, and considerations of responsibility and accountability will serve as a backdrop for the elaboration of conceptual and philosophical questions around real-world examples and circumstances.

Stage 3

This module provides participants with an understanding of key concepts in academic research and writing, including research design, conducting a literature review, reading academic sources, basic quantitative and qualitative methods, and presenting research both in writing and orally. They will also develop independent research skills as they will choose their own research topic and conduct a critical literature review.

The research project gives students the opportunity to define and execute a piece of original research in financial regulation on a topic of their choice, with individual direction from an academic supervisor and a Subject Matter Expert from their employer. Although the research topic must have academic validity, students are encouraged to select a research question that has relevance to their professional role. The research project allows students to apply the research skills and methods taught in the previous module in order to make an original contribution perhaps by exploring an existing research question using a case study or collecting new data to conduct a small scale empirical study to further develop our understanding of finance.

A core aim of the programme is to encourage participants to reflect on their own professional practice and how they have applied insights from the course. It aims to develop their ability to approach regulatory problems critically using different lenses and perspectives, including how concepts from other academic disciplines can be applied to the regulation of finance. It also seeks to develop thought leadership and horizon scanning to consider how the world of financial regulation and compliance may evolve in the future.

Entry requirements

Designed for experienced regulators and compliance/risk officers from all jurisdictions. Sharing your experience with fellow programme members helps enrich your learning.

First - Determine whether your employer is a Levy payer.

Apprenticeship funding calculator The Education and Skills Funding Agency has created an apprenticeship funding calculator to help you understand the government’s reforms.

Use the calculator to estimate:

  • Whether your company will pay the apprenticeship levy
  • How much you will have available to spend on apprenticeships
  • How much the government will contribute towards the cost of training.

Second - Assess your eligibility to receive apprenticeship funding from your employer

  • Your work contract must cover the three year duration of the programme
  • You must not be already undertaking another apprenticeship, or another DfE funded FE/HE programme, at the same time as the start of this programme.
  • You must spend at least 50% of your working hours in England over the duration of the apprenticeship
  • You must also have the right to work in England
  • If you already have a Master's degree in any Financial area you will be required to complete a base line assessment to determine need of learning

Third - Specific qualification and previous relevant work experience entry requirements

QUALIFICATIONS

Aimed at early to mid-career professionals, usually with a good undergraduate degree, but the programme is open to those without an undergraduate degree who have extensive experience in financial regulation.

To complete an Apprenticeship programme, it is mandatory that individuals have obtained Level 2 (Grade C or above G.C.S.E or equivalent) qualifications in English and Maths. Employers will be asked to ensure that applicants can provide evidence of Level 2 before including them on a cohort form to start the University application process.

Fees & funding

Price: Autumn 2019 intake - £23,000*

Potentially 100% funded by your organisations Apprenticeship Levy Digital Account.

Those without an Apprenticeship Levy digital account are also welcome to apply.