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MSc Regulation and Compliance - Senior Compliance and Risk Specialist Apprenticeship

Henley is proud to be one of the first to offer an executive masters programme focusing exclusively on regulation and compliance.

We want the learners to think of this programme as an integral part of their career plan and future in regulation. Our hope is that the learning will play a key role in enabling them to challenge the practices of the past and build capability for the future.

At a glance

  • Develops the knowledge of how, when and why we regulate the financial sector
  • Prepares learners for the changes going on in financial services, regulation and our external environment
  • Develops thought leadership that can help to shape the future of financial regulation
  • Study at a World Top 25 Business School (Financial Times Executive Education Ranking 2020)
  • Taught by academic staff from the ICMA Centre many of whom work alongside private businesses and public sector bodies on research and development designed to enable business success and innovation.
Subject area(s)
Finance at the ICMA Centre
Attendance
Part-time
Fee
£27,000
Course length
3 years, part-time - including time for the End Point Assessment (EPA)
Suitable for
Designed for experienced regulators and compliance or risk officers from all jurisdictions. Bringing this group of people together highlights many common themes and allows them to learn from one another.

Programme Overview

There are very big changes going on in financial services, regulation and our external environment. Consumers’ needs are becoming more diverse and complex, yet they are increasingly required to take more responsibility for their personal financial decisions. These consumers range from retail consumers who buy financial services for their own use (e.g. car insurance) to wholesale consumers including hedge funds and corporates buying financial products or services. Technology is transforming how both retail and wholesale consumers buy, sell, invest and trade – creating both huge opportunities and new risks.

This course allows the learners to build the understanding, confidence and critical analysis skills needed to successfully develop their career in regulation or compliance. Our hope is that the learning will play a key role in enabling them to challenge the practices of the past and build capability for the future.

Key Benefits

Price: Autumn 2020 intakes - £27,000. This can be fully funded by your organisations digital account.

Please contact the team for more information- +44 (0)1491 418733 or email apprenticeships@henley.ac.uk

Key dates

Henley's next available open cohort will be in September 2020. See here for the programme schedule

Start date - Open Cohort 14 September 2020
Employer Nomination Forms to be signed and returned by: 17 June 2020
If your organisation has not previously sent apprentices to Henley then the Employer Frame Agreement (EFA) needs to be signed 17 June 2020
Applications open from and to: 19 June - 3 July 2020

Cohort options

Open cohorts: There is 1 cohort available each academic year. Typically in September.

Closed cohorts: Organisations are able to choose whether to send large numbers (minimum of 30 and maximum of 65). Programme content can be contextualised around your organisations objectives and may be taught at location more convenient for your nominated learners. Programme start dates can be planned together.

Course fee: £27,000
Duration: 3 years, part-time - including time for the End Point Assessment (EPA)
Suitable for: Designed for experienced regulators and compliance or risk officers from all jurisdictions. Bringing this group of people together highlights many common themes and allows them to learn from one another.

No start dates currently listed

Please check back soon, or contact us for more information.

This apprenticeship degree will allow the learners to build the understanding, confidence and critical analysis skills we believe are needed to successfully develop their career in regulation or compliance.

We would encourage them to think of this programme as an integral part of their career plan and future in regulation. Our hope is that the learning will play a key role in enabling them to challenge the practices of the past and build capability for the future.

The course focuses on the following key areas:

  • Understanding of the core theoretical concepts behind finance and regulation
  • The students’ critical thinking skills
  • The ability to interpret data, including undertaking a research project that will be of academic significance and practical relevance
  • The ability to apply new learning within the workplace, adapt to change and reflect on their professional practice.

Together, these areas aim to give your learners the ability to look across the financial regulatory landscape and make informed and effective judgements. Modern finance impacts on every sector of society and this presents public policy challenges for both regulators and compliance officers.

Assessments, Gateway and End Point Assessment

Assessment for this programme

Assessment on this programme is a combination of coursework and closed exams.

  • Modules 1 -3 are 40% coursework and 60% exam
  • Modules 4 and 6 are 50% coursework and 50% exam
  • Modules 5 and 7 - 9 are coursework only with modules 5 and 7 including an assessed presentation.

Exams are held at the end of each module usually four weeks after the final taught session.

End point assessment (EPA)

As part of the Apprenticeship programme, learners are expected to provide evidence of how they have incorporated the classroom and theoretical learning back into the workplace. This evidence of learning needs to be recorded and is used to help develop the learner’s evidence portfolio, which they will use as part of their EPA at the end of their Apprenticeship.

We are currently working with NOCN. NOCN is at the forefront of vocational skills development and apprenticeships, including the introduction of the Apprenticeship Levy in the UK. NOCN is the only awarding body in the UK which specialises in productivity and is focussed on increasing the UK's competitiveness globally.

Nocn logo

Support for the learners

Apprenticeship tutor

Each learner is assigned a Henley 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.

Personal development

This is woven into the fabric of the Henley apprenticeship 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.

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.

Taught workshops are with a combination of academic and guest speakers, events, networking opportunities, discussion groups, and Action Learning Sets spread across the 3 stages of this apprenticeship.

The next available cohort will start in September 2020. Download the full programme timetable here.

These first stage modules are mapped onto the following CISI units: Introduction to Securities and Investments, Risk in Financial Services and UK Regulation and Professional Integrity.

Year 1

Each module in year 1 will be taught over a 4 week period, with a total of 12 workshops.

Compulsory modules Credits

This module seeks to establish a wide-ranging, substantive foundation for the study of financial regulation. It develops the strategic understanding of the financial sector’s landscape, the business and underlying activities of a broad range of regulated financial entities and the allied risks as evaluated from a stakeholder perspective.

By the end of the module, students should be able to:

  • Demonstrate an appreciation of the mainstream, critical, and emerging approaches to the theory and practice of financial intermediation and the role of the financial sector within the real economy.
  • Examine the different risk types, how they can be mitigated, and the consequences if they crystallise for stakeholders and the real economy.
  • Analyse the causes and consequences of financial intermediary failure, both in historical events and in the context of more major crisis, and evaluate the perils to stakeholders where relevant.
  • Reflect on the role of regulation and compliance in ensuring that finance benefits the whole economy and society.
Academic authors
Tony Moore 75e5pfilv
Dr Tony Moore
20

This module begins with an overview of the trading industry and core elements of financial markets. It identifies key market participants and important market qualities: orderliness, transparency, efficiency, liquidity and stability. A framework for comparing alternative market structures is developed.

The module introduces and discusses the main models for valuing financial assets and reviews properties and applications of sophisticated financial instruments such as futures and options. Finally, students are guided to reflect upon policy responses to the challenges created by anomalies and technological innovations which may lead to fragmentation, illiquidity, extreme events, excessive volatility and market abuse.

Academic authors
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Dr Alfonso Dufour
20

This module draws upon scholarly insights and practitioner expertise in corporate law, history, psychology, politics and finance to consider the practical, philosophical and socio-economic aspects of financial regulation.

It aims to help the apprenticeship learner establish a good and general understanding of essential topics in the theory and practice of financial regulation and to:

  1. Understand the theoretical foundations of, and rationales for financial regulation
  2. Recognise the regulatory perimeter for different types of regulators, attendant regulatory objectives and implications for stakeholders
  3. Be familiar with the fundamental aspects in the practice of financial regulation and the key challenges for regulators, the regulated community and the broader set of affected stakeholders.
Academic authors
Tony Moore 75e5pfilv
Dr Tony Moore
20

Year 2

Compulsory modules Credits

This module seeks to examine the specific nuances to the theory and practice of corporate governance, ethics and culture as applicable to the financial sector. The aim is to establish a sound understanding of the rationale and need for accountability and to allow regulators to robustly and effectively challenge and understand governance, culture and ethics within financial services firms and allied entities.

Academic authors
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Dr Chardin Wese Simen
20

This module enables the apprentice learners to develop a nuanced, advanced understanding of the topical challenges associated with the development of the financial sector including the evolution of complex structures, instruments, markets and enhanced consumer choice. It will then evaluate the challenges posed to regulators by changes to industry structure, business strategy and risk appetite.

It aims to develop regulatory insights into overarching and strategic challenges that regulated financial entities are exposed to and examines the consequences that strategic developments in the financial services industry have for the financial regulator.

It is intended to develop the learners' ability to demonstrate an advanced understanding of a business strategy and different strategic perspectives and approaches as well as the interplay between strategy and business models, particularly in the context of the financial services industry. By the end of this module they will also be able to engage with new or overarching developments in financial sector practice and to reflect on the role that financial regulators should play in overseeing firm strategies.

Academic authors
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Dr Lisa Schopohl
20

This module encourages the learners to engage with some of the more complex and substantive dilemmas encountered by financial regulators (including strategic issues).

It will be animated by simulating realistic regulatory experiences using practical, topical examples, and by examining the evidence emerging from current and historical successes, failures and crises and their impact on stakeholders.

It explores advanced regulatory challenges in relation to regulated entities, markets, stakeholders and the regulator itself. Using insights from history, sociology, politics, strategy, international relations, law and psychology this module encourages learners to engage with topics such as complexity, interconnectedness, 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.

Academic authors
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Ms Deepa Govindarajan Driver
20

Year 3

These modules are designed to help the learner prepare for the final End Point Assessment (EPA).

Compulsory modules Credits

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.

It seeks to develop students’ independent research skills – both through taught sessions and guidance to introduce key elements of good academic research practice but also in practice as students will choose their own research topic and conduct a critical literature review.

Academic authors
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Dr Ivan Sangiorgi
20

The apprenticeship learner will define and execute a piece of research in finance on a topic of their choice, with direction from an academic supervisor. The self-directed nature of study for this module should encourage students to be resourceful in their search for relevant literature and data, and to manage the various stages involved effectively, leading to timely submission of the finished piece.

Academic authors
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Dr Andrew Urquhart
20

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.

Academic authors
Tony Moore 75e5pfilv
Dr Tony Moore
20

The module or course content descriptions set out on this page are correct for those being taught in the current academic year. Modules or course content marked as optional are indicative and may be subject to change.

How to nominate your employees

Designed for experienced regulators and compliance/risk officers from all jurisdictions. 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.

Before applicants are able to apply, to join any of Henley’s Apprenticeship Levy Degree programmes they need to be formally nominated by you their employer. In addition a three-way agreement needs to be put in place, this triangular agreement includes: Henley Business School, University of Reading, you the employers and the employees (individual learners).

The contractual process

Employer framework agreement (EFA):

This is the contract between the University of Reading and your organisation. NB: The organisaton that you work for maybe different to the one that signed the contract with the Education Skills Funding Agency (ESFA) as you may work for a subsidiary of a larger company.

Cohort form:

Once the EFA is signed you are able to submit your cohort form. This is where you the employer, formally nominate the individuals you wish to send onto the MSc Regulation and Compliance - Senior Compliance and Risk Specialist Apprenticeship (and other programmes). Key questions are asked that allow us to check that individuals are eligible to be funded by the Levy.

Once the cohort form is completed, the nominated learners will be sent a base line assessment to establish the knowledge, skills and behaviours they need to develop as part of their apprenticeship. They will then receive their online application link. Typically there is a two week gap when their application needs to be completed.

Entry requirements for the individual

Learners on this programme typically have several years experience in regulation and compliance already. However in their baseline assessment they will need to demonstrate the need for new learning of the knowledge, skills and behaviours as outlined in the Senior Compliance / Risk Specialist apprenticeship standard. On their online application for the MSc Regulation and Compliance, they will need to demonstrate they have the necessary experience.

Baseline assessment

Once the cohort is completed, the nominated learners will be sent a baseline assessment to establish the knowledge, skills and behaviours they need to develop as part of this apprenticeship. They will then receive their online application link.

Online application

Learners on this programme typically have several years experience already. However, on an individual learners’ applications they will need to demonstrate the following qualifications and regulation experience. Applicants will need to submit evidence of relevant qualifications plus an updated CV along with a personals statement regarding why they want to do this apprenticeship degree.

Qualifications

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.

Although aimed at early to mid-career professionals, usually with a good undergraduate degree, the programme is also open to those without an undergraduate degree who have extensive experience in financial regulation or compliance/risk management. Our Admission Panel reviews all non-standard applications for suitability.

Current teaching arrangement

Due to social distancing guidelines and the size of all our apprenticeship cohorts, the face-to-face scheduled workshops are currently taught live online, through interactive sessions with academics.

The face-to-face elements of the MSc Regulation and Compliance – Senior Compliance / Risk Specialist Apprenticeship is currently taught at various locations depending on the workshop. Most are taught in London near Canary Wharf home to one of the UK’s financial districts.

Learners will also have access to the University of Reading, Whiteknights Campus which is home to Henley Business School’s ICMA Centre. Here the apprenticeship learners will be able to experience life on the trading room floor as they use one of the three trading rooms - one of the largest facilities of its kind in the world – provides an ideal setting for understanding how businesses and markets function in practice.

Your apprenticeship learners will also have some of their workshops at our Greenlands Campus in Henley-on-Thames. This beautiful campus is set on 30 acres of beautiful conservation parkland on the banks of the River Thames in Oxfordshire. We are less than an hour’s drive from Heathrow Airport, within easy reach of London and close to many major motorway links. It is perfect for quiet reflection as well as stimulating debate with other leading business minds and provides an ideal learning environment for busy executives: they have the space and surroundings required to stretch their mind and think away from the pressures of the office.

Greenlands resources include the Library that holds books, journals, market research reports, dissertations, working papers and company information. The modern new space provides the perfect place for study, including a 24-hour Quiet Study Space. Although these materials are also available online through the virtual learning environment.

Leisure facilities include a fully equipped and professionally staffed fitness centre, outdoor sporting facilities, on-site accommodation and restaurant.

Proud to be triple accredited

We are proud to hold triple-accredited status from the leading UK, European and US accrediting bodies: AMBA, EQUIS and AACSB.

Our triple-accredited status provides reassurance to our apprentice learners and organisations that we work with, of the quality and high standards of our courses and academic staff.

Each of the accreditation bodies exists to raise the standards of business education and we go through a rigorous process with each of them, which covers aspects including learning experiences, faculty and research.

Why choose Henley?

Working with you

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

Henley's support to you - the employer

Each client is assigned an Account Director or Manager to support them with the on-boarding of new learners onto this apprenticeship programme and others. The team we will work with you throughout the application and enrolment process.

The Alumni networks

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

ICMA Centre alumni member
The ICMA Centre manages a very successful alumni community around the world. To date, over 6,000 students have graduated from our MSc and BSc programmes and are now pursuing successful careers with leading financial centres worldwide.

Contact us

Henley Apprenticeship Levy Team

Contact the team for more information about Henley's apprenticeship levy programmes and service.

Email: apprenticeships@henley.ac.uk
Telephone: 01491418733

It was immediately clear that Henley’s approach was going to be radically different from anyone else we were considering.