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?

By working in long-term partnerships with our clients, we can help to maximise the value of Levy contributions. We aim to utilise the fund to meet our clients’ strategic objectives and achieve their ambitions for their employees and organisations.

At Henley we empower individuals to become great professionals and outstanding business leaders, who think with clarity and act with confidence and conviction. Working with their Apprenticeship Tutors learners will be encouraged to utilise the new learning to benefit both the teams within which they work and the wider organisation.

The alumni network

Individual learners will meet with others both on their cohort and likely those on other cohorts from previous years. Together they can form the most valuable network throughout their career. From day one, they join Henley’s alumni association, a group of over 80,000 spread across 160 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

The programme is currently taught in London with sessions also taught at our Greenlands campus on the banks of the River Thames in Oxfordshire within 30 acres of beautiful conservation parkland. Some sessions are also taught from our Whiteknights Campus in Reading, home to the ICMA Centre with trading rooms.

Henley support

Organisational support

Each client is is assigned an Account Director or Manager to support them with the on-boarding of new learners onto this Apprenticeship programme and will work together throughout the application and enrolment process.

Individual learner support

  • Personal development: Is woven into the fabric of the Henley programmes. We take a whole-person approach which acknowledges the complexity of balancing work, home, study and career. In addition to a high level of individual support while studying at Henley, services are available to assist your career ambitions, including coaching, networking, mentoring, and recruitment resources.
  • Apprenticeship Tutor: Henley will assign an apprenticeship tutor to support the individual learner and their line manager through the apprenticeship journey. Tutors will communicate and meet regularly with the apprentice within their workplace or virtually to provide the learning support, and review and assess the evidence gathered for their evidence portfolios.

Employer support

Employers provide support to learners as part of the employers’ commitment to their employees. Organisations are contracted by the Education Skills Funding Agency (ESFA) to give a minimum of 20% off the job training time. Off-the job training is defined by the ESFA as: “training received by the apprentice, during the apprentice’s paid hours, for the purpose of achieving their apprenticeship” This 20% off the job training is not exclusive to class sessions although they do count. Some other examples may include:

  • Practical training: shadowing, mentoring and industry visits
  • Chairing or attending meetings (outside the learner’s normal job function)
  • Learning support and time spent writing assignments
  • Meeting with the Apprenticeship Tutor
  • Working on the evidence portfolio.


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 2020 intake - £23,00 available through your organisations Apprenticeship Levy Digital Account.

Application Deadline: Middle of July 2020. 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 2020 - Key Deadline dates:

  • Employer Nomination Forms to be signed and returned by date tbc.
  • 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 date tbc.
  • Individual applications to be received by date tbc

For further details please email:

Previous intakes:

  • September 2018
  • September 2019

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


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.


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. The Government has provided a useful link for those who may have mislaid their certificates.

Fees & funding

Price: Autumn 2020 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.