International Financial Services 2015 2016

Prospectus 2015/2016
International Financial Services
The College of Professional Finance
The Institute of Banking

IFSC
1 North Wall Quay
Dublin 1
D01 T8Y1
P +353 (0)1 611 6500
F +353 (0)1 611 6565
E info@iob.ie
W www.iob.ie
ii
Contents
02 | Welcome
39 | Postgraduate Qualifications
03 | Introduction
40 | Professional Diploma in Applied Alternative Investments
04 | About your Institute
44 | Professional Certificate in Financial Crime Prevention
07 | Funding available through Summit Finuas Network
46 | Professional Certificate in Data Protection
08 | New Programmes
48 | Graduate Diploma in Financial Services / MSc in
09 | Roadmap to Qualifications 2015/2016
Financial Services
10 | Professional Designations - your badge of excellence
52 | MSc in Compliance
13 | Undergraduate Qualifications
57 | Executive Education
14 | Professional Certificate in Investment Fund Services
58 | Certified Investment Fund Director
18 | Professional Certificate in Operational Risk Management
62 | Registering to a Programme
in Investment Fund Services

22 | Professional Certificate in Complex Financial Instruments
in International Financial Services
26 | Professional Certificate in People Management
30 | Professional Certificate in the Principles of Lean
62 | Frequently Asked Questions

63 | Why should you study with us?
64 | How we help you pass your module
66 | Terms and Conditions including the Semester Start and
Closing Dates
Operations in Financial Services

34 | Professional Certificate and Diploma in Compliance
70 | Examination Schedule
72 | Conference and Learning Centre
Contents
01
Welcome
Welcome to our first dedicated

prospectus for the international
financial services sector. It will give
you a good overview of the range
of programmes we offer to help
you develop and build your career
in international financial services.
Drop by our website, www.iob.ie, to
find out more.
Historically The Institute of Banking has been synonymous with
the provision of education to the banking sector. The Institute
under the banner of the College of Professional Finance,
has a range of programmes tailored for those working in the
international financial services sector and particularly the
investment funds servicing sector. The Institute of Banking in
association with Summit Finuas Network and FSI Career Start
offers a number of programmes specifically designed for the
international financial services sector. See page seven for further
information on Summit Finuas Network.
OUR MISSION FOR YOU

As a member you are part of a 34,000-strong community working
in financial services throughout Ireland. A recognised college of
University College Dublin (UCD), the Institute is a not-for-profit
organisation and the largest professional membership body
in Ireland. The Institute has as its core objective the raising of
professional standards in financial services. Education is the
bedrock of any profession and it is an essential element of
professional competence. We are committed to enhancing our
members knowledge, skills and qualifications so that you can
continue to meet and exceed client and regulatory expectation.
HOW WE HELP YOU
A key element of our education delivery structure is to facilitate
those who are working. In addition to lecture delivery, we also
deliver many programmes online with a range of supports so you
can study in your own time and at your own pace and access the
material on your PC, laptop, tablet or smartphone. Our programmes
range from professional certificate to masters degrees. We have a
developed an expert faculty consisting of academics and industry
practitioners to lecture on our suite of programmes.
Our lectures are held at our learning centre at our premises in
North Wall Quay, in the heart of Dublins international financial
services centre and in other locations around Ireland.
Life-long learning is an essential aspect of your professional
career and we are here to help and support you in meeting your
career aspirations.
Michael Feeney
Chief Executive, The Institute of Banking
02
Welcome
Introduction
With close to 30 years expertise

and experience, Ireland rightfully
enjoys a reputation as one of
the leading global international
financial centres.
There are many reasons cited for this success. However; as I
have travelled around the world as President of IFSC Ireland,
one factor is consistently highlighted and that is the quality,
skills and professionalism of those working in the international
financial services industry. This is confirmed by the IMD World
Competitiveness Survey where Ireland is ranked first for
availability of skilled labour in the world.
Notwithstanding this significant success, the international
financial services industry in Ireland continually faces competition,
both from established industries in other jurisdictions but also
from emerging competitor locations. This, together with the
transformative change that the industry is experiencing globally,
emphasises our need to continue to develop our most significant
asset, industry talent.
With a suite of programmes in funds, compliance and complex

instruments the Institute is an established education partner of
the international financial services industry.
The Institute offers undergraduate and postgraduate programmes,
specialist and generalist programmes, all accredited by University
College Dublin (UCD), and all of which have been developed in
consultation with industry. Anticipating and recognising the global
trends that are shaping the industry and under the banner of
the College of Professional Finance, the range of programmes
has been tailored to the current needs of the wider international
financial services sector including, for example, risk and
alternative investments.
A recognised college of University College Dublin (UCD), the
Institute has as its core objective the raising of professional
standards in financial services.
Through its academic programmes rooted in the learning needs
of organisations and professionals working in the international
financial services industry, the colleges programmes have been
developed to support the future and continued success of Ireland
as a leading international financial centre globally.
I wish you every success in your studies.
It is for this reason I am very pleased to introduce the first

dedicated prospectus from The Institute of Banking for the
international financial services sector.
John Bruton
President, IFSC Ireland
Introduction
03
About your Institute
WHO WE ARE
The Institute of Banking is the largest professional membership
organisation in Ireland with over 34,000 members who work in
banking, financial services and international financial services
across the island of Ireland.
The professional development of members through education
is at the heart of Institutes activities and what we stand for.
The Institute is a Recognised College of UCD, Irelands largest
university and ranked in the top 1% of education institutions
world-wide.
More than 10,000 students studied with the Institute last year
and over 22,000 members complete their continuing professional
development, or CPD, with the Institute annually.
Founded in 1898, the Institute is a not-for-profit organisation and
one of the oldest banking institutes in the world.
PROFESSIONAL STANDARDS
The Institutes mission is to make a defining contribution to the
renewal of professional standards and standing of financial
services to the ultimate benefit of clients and society. Professional
members of the Institute are committed to upholding the best
standards of integrity, professionalism, propriety, objectivity and
fairness.
We believe that education is the bedrock of any profession and
the basis of professional standards.
STUDYING WITH US
By studying with us, you can chart and develop your career
pathway, building your CV with relevant and practical
qualifications, ranging from certificates and diplomas (level 7 on
the National Framework of Qualifications) to degree (level 8) and
masters or postgraduate qualifications (level 9).
04
Our executive and specialist programmes are designed for

non-executive directors, senior executives and high-potential
managers within the international financial services sector.
We support the development of members to become the industry
leaders of tomorrow.
We enable you to study part time through our online and face-toface lectures and workshops.
INNOVATION
Innovation is one of the Institutes core values. We constantly
strive to introduce new ideas, new education programmes and
services and improve our services for our members.
We are continually adding new programmes each year to ensure
that we are meeting the evolving needs of the international
financial services industry and your needs. This year we are
offering programmes and modules in a wide range of topic areas,
including:
Complex Financial Instruments
Compliance
Corporate Finance
Data Protection
Ethics and Corporate Governance
Financial Crime Prevention
Financial Planning
Funds
People Management
Risk Management (including conduct and operational risk).
Through the independence, rigour, practical relevance and quality
of our education programmes and learning experience, academic
excellence is at the heart of what we stand for.
EDUCATION SERVICES
PROFESSIONAL DESIGNATIONS
The Institute is a leading professional education body for those

working in international financial services throughout Ireland.
Professional designations are a recognition of educational

achievement, professional knowledge and professional standing.
Our education and qualification structure leads to a number of
prominent professional designations:
We are a recognised college of University College Dublin (UCD).

Our programmes draw on the strengths and expertise of both
our Institute and UCD, as well as those of our national and
international educational and professional partners. When you
complete one of our academic programmes, you receive your
academic award from UCD.
Our programmes are designed for those with professional or
school-leaving qualifications and graduates who want to pursue
management or careers in international financial services.
We offer a diverse range of certificates and diplomas, which
are designed to give you immediately applicable skills and
technical expertise. Each certificate and diploma develops your
understanding of the international financial services industry,
gives you analytical skills and practical knowledge in a specialist
field.
Our degree and postgraduate programmes give you the
knowledge, competencies, decision making skills and vision you
need to become a future leader and to ensure that our industry is
at the front line of international best practice.
Certified Data Protection Officer

Certified Financial Crime Prevention Practitioner
Certified Investment Fund Director
Chartered Banker
Licentiate of the Association of Compliance Officers
in Ireland (LCOI)
PRMIA
OUR PROGRAMMES
Our comprehensive portfolio includes professional certificates and
diplomas (level 7 on the National Framework of Qualifications),
degree (level 8) and masters degree qualifications (level 9). Our
programmes are credit-based, using the European Credit Transfer
and Accumulation System (ECTS).
No matter what your current role is or what your career goals are,
you will find a programme that helps you to do your job better,
enhances your promotion prospects, and enables you to meet and
exceed both client and regulatory requirements.
05
MEMBERSHIP BENEFITS
At a cost of c40 annually, membership of The Institute of Banking
offers a range of benefits, including:
Access to Irelands largest professional membership network
Access to the standout industry educator and a recognised
college of UCD
Access to a free online career resource centre and a tailored,
individual career coaching programme at a special discounted
rate. These supports help you with:
Personal profiling
Career planning
How to succeed at interviews
How to write a winning CV or application
Networking for success
Building your personal brand
Creating a professional presence online
One-to-one coaching
Online tutorials
Updates on the latest industry trends
Invitations to regular seminars and events, some of which are
free of charge
Discounted membership fees to the UCD Sports and Fitness
Centre, including its 50 metre Olympic swimming pool.
As a student, you can use our online My Institute, which gives

you state-of-the-art supports, including:
eInduction, a user-friendly programme for you to learn about
studying with us
Online student account management, where you can change
your details and register for exams
Live and pre-recorded webinars (online lectures)
eLearning content
Exam supports, including learning plans and study guides and
sample/past exam papers.
OTHER ACTIVITIES
Continuing Professional Development
Lifelong learning is vital for our professional community. Keeping
your qualifications and knowledge up-to-date enables you to
meet and exceed customer and regulatory requirements.
We provide CPD for:
Certified Investment Fund Directors
Chartered Bankers
LCOIs
You benefit by obtaining academic awards from UCD and

professional designations from the Institute.
Our comprehensive and cost-effective CPD programme includes:

Online modules - eCPD, modules have been significantly
enhanced with audio, video and animation and are now
accessible on tablets.
Topical webinars
Lectures in locations around Ireland
Accreditation for CPD hours of company events and programmes
An online CPD record where you can manage and return your
CPD hours.
You benefit from the relevance, range and flexibility of our

programmes, enabling you to study at your own pace.
Many of our qualifications count for CPD hours. Find out more
about our CPD schemes and services at www.iob.ie/CPD.
STUDENT BENEFITS
The Institute of Banking is a recognised college of UCD, Irelands
largest university.
ACTIVE IN EUROPE
We are an active member of the European Bank Training Network
(EBTN), which brings together more than 25 banking institutes in
Europe and promotes education, training and research initiatives.
06
Funding available through

Summit Finuas Network
MEMBERSHIP BENEFITS
Companies operating within the international financial services
sector, or providing services to the sector, can join Summit Finuas
Network in order for their employees to participate in training
which is jointly funded by the companies and the networks
Finuas funding. Grant funding of up to 25% is available to
eligible companies.
ABOUT SUMMIT FINUAS NETWORK
The Summit Finuas Network is part of the Finuas Networks
Programme and is dedicated to providing training and networking
opportunities for the international financial services sector.
Managed by Skillnets Ltd. on behalf of the Department of
Education and Skills, the Network aims to support the sector
in maintaining Irelands position as a top international financial
services centre through investment in the specialist skills and
expertise of its workforce. The Network is led by a steering group
which includes member companies and the leading financial
services industry associations: Financial Services Ireland (FSI);
Irish Funds Industry Association (IF); Federation of International
Banks in Ireland (FIBI); Dublin International Management and
Insurance Association (DIMA); and the Irish Association of
Investment Managers (IAIM).
NETWORK ACTIVITY
The Summit Finuas Network was established in mid-2009.
Since then we have delivered over 400 courses to over 6,000
participants from 250 companies operating in the international
financial services sector in Ireland.
Courses have ranged from specialist workshops in Solvency II

and Basel III, certified programmes in Investment Fund Services,
Financial Regulation and Complex Financial Instruments up to
masters level i.e. MSc in Risk Management and MSc in Compliance.
BENEFITS FOR EMPLOYERS
Avail of a comprehensive range of specialist courses designed
for the international financial services sector
Potential to significantly reduce training costs through the
availability of grant funding
Opportunity to work with education and training providers
to update and amend course content in line with market
developments
Ensure your employees acquire the latest skills to maintain your
organisations competitiveness
Opportunity to network and collaborate with other member
companies
HOW TO GET INVOLVED
Sign up for free at: www.summitfinuasnetwork.com
Telephone: 01 605 1546
Email: info@summitfinuasnetwork.com
Tweet us: @summitfinuas
LinkedIn: @SummitFinuasNetwork
FOR FURTHER INFORMATION YOU CAN CONTACT

Louise Ryan, Network Executive
Summit Finuas Network
84-86 Lower Baggot Street
Dublin 2
W: www.summitfinuasnetwork.com
The Summit Finuas Network is funded by member companies and the Finuas Networks Programme, managed by Skillnets Limited, funded from the
National Training Fund through the Department of Education and Skills.
Funding available through Summit Finuas Network
07
New Programmes
Committed to meeting the evolving needs of

our members we are delighted to introduce a
number of new programmes for the 2015/2016
academic year.
Professional Certificate in Operational Risk

Management in Investment Fund Services
For more information

see page 18
Professional Certificate in the Principles

of Lean Operations in Financial Services

see page 30
Professional Diploma in Applied

Alternative Investments

see page 40
08
New Programmes
Qualifications* 2015/2016
Undergraduate
Qualifications
Professional Certificate in Investment Fund Services

Professional Certificate in Operational Risk Management
Professional Certificate in Complex Financial Instruments in
Professional Certificate in People Management
Professional Certificate in the Principles of
Lean Operations in Financial Services
Professional Certificate and Diploma in Compliance
Postgraduate
Qualifications
Professional Diploma in Applied Alternative Investments

Professional Certificate in Financial Crime Prevention
Professional Certificate in Data Protection
Graduate Diploma in Financial Services/MSc in Financial Services
MSc in Compliance
Executive
Education
* When you complete one of our qualifications, you receive your academic award from UCD.
09
Professional Designations
your badge of excellence
WHAT ARE THEY?
WHY ARE THEY IMPORTANT?
Professional designations are a

recognition of educational achievement
and professional standing. They are an
endorsement of academic qualifications,
professional knowledge and experience.
They are your badge of excellence in your
profession.
The Institutes programmes and the designations leading from

them are portable and several of them are leading international
designations with world-wide reputation.
Holders of designations are entitled to

use certain qualifying letters or titles after
their name.
Designations are important because they meet the expectations

of clients and regulatory requirements.
WHAT ROLE DOES CPD PLAY AND WHY IS IT
NECESSARY?
Learning and professional development does not stop once you
have obtained your qualification, they are the basis of lifelong
learning keeping you up to date as a professional through
ongoing CPD. It is a process which continues for the rest of your
professional life to ensure that you can keep up-to-date and
maintain your professional knowledge, skills and competence.
Continuing Professional Development (CPD) is therefore central
to sustaining a professional designation and integral to life long
learning.
The Institute of Banking offers a comprehensive range of CPD
online programmes, seminars, events and other services. The
Institute has the largest CPD management system in Ireland with
over 22,000 registered members.
10
Professional Designations your badge of excellence
Certified Investment
Fund Director
Certified Financial
Crime Prevention
Practitioner (CFCPP)
Certified Data
Protection Officer
(CDPO)
Licentiate of the
Association of
Compliance Officers
in Ireland (LCOI)
On successful
completion of the
Fund Director
programme, participants
are invited by The
Institute of Banking
to apply for the
professional designation
of Certified Investment
Fund Director.
Designates who
complete the requisite
Continuing Professional
Development are
entitled to use the
designation Certified
Investment Fund
Director.
Those who complete

the Professional
Certificate in Financial
Crime Prevention
programme and who, as
members or associate
members of ACOI,
Development will be
entitled to use the
designation CFCPP
- Certified Financial
Crime Prevention
Practitioner.
Those who complete

the Professional
Certificate in Data
Protection programme
and who, as members
or associate members
of ACOI, complete the
requisite Continuing
Professional
Development will be
entitled to use the
designation CDPO
- Certified Data
Protection Officer.
LCOI is the highest

professional designation
awarded by ACOI. It
is available only to
those who hold the
Professional Diploma
in Compliance (PDC).
The PDC and attaching
LCOI designation is
one of the recognised
qualifications under
the Central Bank of
Irelands Minimum
Competency Code
for adjudicating on
complaints in relation
to advice about a
retail financial product.
LCOI designates who
Development are
entitled to use the
designatory letters
LCOI. There are
more than 700 LCOIs
currently in Ireland.
Route:
Fund Director (see
page 58)
Route:
Professional Certificate
in Financial Crime
Prevention (see page
44)
Route:
in Data Protection (see
page 46)
Chartered Banker
Chartered Banker
is the gold standard,
internationally
recognised professional
designation, awarded
jointly by The Institute
of Banking and the
Chartered Banker
Institute (Scotland).
Chartered Bankers
are recognised as
well equipped for
a leadership role in
financial services.
Designates who
Development are
entitled to use the
designation Chartered
Banker.
Route:
Graduate Diploma in
Financial Services (see
page 48)
Route:
Professional Diploma in
Compliance (see page
34)
Professional Designations your badge of excellence
11
12
Undergraduate
Qualifications
Qualification

Professional Certificate in Complex Financial
Instruments in International Financial Services
rofessional Certificate in the Principles of Lean
P
Operations in Financial Services
Undergraduate Qualifications
13
Undegraduate Qualifications
Professional Certificate in
Investment Fund Services
WHO IS THIS PROGRAMME FOR?
BENEFITS FOR YOU AND YOUR ORGANISATION
A unique and specific programme, the

Professional Certificate in Investment
Fund Services is designed to support the
industrys day to day activities.
The overall aim of the programme is to describe the various

functions and parties to an investment fund, their role and to detail
the servicing areas in the administration of investment funds and
how each area interacts with each other. It will enable you to:
It provides a broad view of the structure, purpose and operation

of an investment fund throughout its life-cycle. It considers the
working of the investment fund industry generally and in Ireland
specifically.
Discuss the major fund manufacturing jurisdictions and the

role of outsourcing and specialist servicing jurisdictions in the
international fund industry
The programme will appeal to those working and those seeking

to work in the investment funds industry and newly practising
professionals working in the asset management and investment
funds areas in the (legal and auditing) professional advisory firms.
PROGRAMME DEVELOPMENTS 2015 - WHATS NEW?
Through industry engagement, direction and feedback, the
Professional Certificate in Investment Fund Services has been
updated and enhanced. The programme reflects current industry
developments and practice including:
The reorganisation and refocus of the content to flow from an
introduction and contextualisation of the fund as an investment
product, the portfolio instruments used and relevant market
considerations.
Development and reprioritisation of the transfer agency section
to reflect current activities including Anti-Money Laundering
regulation and FATCA.
The Fund Accounting and Valuation module includes multi-share
classes, derivatives, advanced instruments, alternative
investment strategies, equalisation and controls.
14
Describe the various functions and parties to an investment

fund, their roles and how they inter-relate to each other
Describe the legal and regulatory framework in which the fund

industry administers investment funds including different fund
structures, portfolio instruments and strategies
Calculate the Net Asset Value (NAV) for single and multi-share
class funds and develop a thorough understanding of the
importance of an accurate NAV and the controls surrounding its
calculation
Describe the role and responsibilities of the custodian in the
global investment funds industry
Explain the main custody services including cash management,
dealing and settlements
Explain the main shareholder services including registration,
investor trade processing and investor-level fee calculations
Consider and develop a strong awareness of AML regulation,
FATCA and other major international industry initiatives and
developments.
This programme is offered in partnership with the Irish Funds
Industry Association (Irish Funds).
AWARD
When you successfully complete the three modules of this
programme you will be awarded the Professional Certificate in
Investment Fund Services from UCD (at level 7).
Curriculum
01
LEGAL AND REGULATORY ASPECTS OF
INVESTMENT FUNDS
(NFQ Level 7, 5 ECTS)
This overview and platform module introduces and
contextualises the fund as an investment product, the
life-cycle of the fund and the various involvements and
interjections through that life-cycle. The module looks at the
portfolio instruments and market considerations right through
to the workings of the international funds industry. It includes
its features and the role of international jurisdictions. It
examines the legal and regulatory framework within which the
funds industry manages and administers investment funds.
It also presents the different fund structures, legal concepts,
investment markets and strategies. The module concludes
with exploring the role of regulation and fund listing as well as
the relevant taxation and compliance requirements in the main
fund jurisdictions.
CURRICULUM
02
The Professional Certificate in Investment

Fund Services comprises of three modules as
follows:
FUND ACCOUNTING AND VALUATION

01 Legal and Regulatory Aspects of

Investment Funds
02 Fund Accounting and Valuation
03 Custody and Registration
Starting with the fundamental principles of accounting and

their application to investment funds, this module outlines
the accounting and valuation aspects specific to and as they
relate to investment funds.
It considers the accounting statements for funds, the
calculation of the Net Asset Value (NAV) and the
importance of controls around ensuring an accurate NAV. It
also looks at the valuation of both a single and multi-share
class fund structure and considers the role of outsourcing
within the funds industry.
03
CUSTODY AND REGISTRATION
This module examines the operation of the custody and
transfer agency functions and processes for international
investment funds, including respective roles and
responsibilities.
From a custody perspective it examines trade instructions,
dealing, the settlements/payments processes, safekeeping of
assets, securities lending and cash management.
The transfer agency element explores shareholder dealing,
registration, transaction/performance fees and anti-money
laundering regulation. It also describes current issues and
developments e.g. FATCA relevant to multi jurisdictional
distributed investment funds.
15
Delivery and
Assessment
The Professional Certificate in Investment

Fund Services provides a mix of the theoretical
and practical issues in the administration and
operation of international investment funds. It
gives students an excellent springboard to develop
their career as a financial services professional.
Since its launch, The Professional Certificate in
Investment Fund Services has stood the test of
time and has been a major contributor in making
Ireland a global leader in the administration of
investment funds by providing a high level of
professional expertise to the industry
Cathal ODaly
Head of Fund Services, Citibank Europe plc and former lecturer
Programme Delivery
Module
Legal and Regulatory

Aspects of Investment
Funds
Custody and Registration
Fund Accounting and

Valuation
Delivery period
Semester 1
Oct Dec 2015
Semester 2
Feb Apr 2016
Semester 2
Feb Apr 2016
Lecture schedule
One evening per week
Location*
Dublin, Cork, Limerick,

Kilkenny

Kilkenny

Kilkenny
Module

Aspects of Investment
Funds
Fund Accounting and

Valuation
Format
Written exam
Written exam
Written exam
Time permitted
3 hours
3 hours
3 hours
Pass mark
40%
40%
40%
* Subject to demand
Assessment
16
Further
Information
Having recently moved into the industry, I felt

that undertaking the Professional Certificate in
Investment Fund Services would greatly enhance
my knowledge and provide valuable insight into
the funds industry. The lecturer was enthusiastic
and made it easy and interesting to understand
how the day to day operations work. The learning
supports provided were excellent, the manuals were
very well constructed and the past papers provided
an excellent way to prepare and revise for the
exams.
Overall I felt that the programme was very
worthwhile and a rewarding learning experience.
Patricia Mulcahy
Northern Trust, Limerick
ENTRY REQUIREMENTS
HOW TO APPLY/REGISTER
The second level educational requirements for employment in

financial institutions are acceptable for entry to the Professional
Certificate in Investment Fund Services.
01 If you are eligible and applying for Summit Finuas Network
funding, download the registration form at www.iob.ie/sfn.
Or
PROFESSIONAL BODY MEMBERSHIP

You must be a current member of the Institute or become a
member to undertake this programme.
02 Complete your registration online at www.iob.ie/funds
Membership is currently c40 per calendar year.
03
Download the registration form at www.iob.ie/funds and
submit it to:
FEES
Summit Finuas Network member: c1,425 *
Non Member: c1,890
*Funding is available for a number of places and will be allocated
on a first come, first served basis.
Or
The Registrations Team

IFSC
1 North Wall Quay
Dublin 1.
CONTACT
For further information on the Professional Certificate in
Investment Fund Services visit www.iob.ie/funds
or you can contact:
Edel Hayden
Programme Manager
E: edel.hayden@iob.ie
T: +353 (0) 1 611 6509
Louise Ryan
Summit Finuas Network Executive
E: louise.ryan@ibec.ie
T: +353 (0) 1 605 1546
17
Operational Risk Management
The Professional Certificate in

Operational Risk Management in
Investment Fund Services is a specialist
risk management programme for people
working or seeking to work in the
investment fund services industry.
Key operational risks in fund accounting, transfer agency and

custody functions
Anti-money laundering and sanctions screening
Cybercrime
Central Bank of Ireland operational risk thematic reviews
DUAL AWARD FROM UCD AND PRMIA
Outsourcing governance
Successful participants of this programme will be awarded both

the Professional Certificate in Operational Risk Management in
Investment Fund Services by UCD and the globally recognised
PRMIA Operational Risk Manager Certificate by PRMIA.
Information security, IT resilience
PRMIA AND THE PRMIA GLOBAL OPERATIONAL RISK

MANAGER CERTIFICATE
Business continuity planning

Records management
Implementations and change control delivering client and
market change in a systematic manner and managing resource
contention.
PRMIA is a global brand in risk management education with

more than 50,000 members worldwide. Over 2,400 companies
employ PRMIA designates, demonstrating that employers around
the world realise that PRMIAs education programmes equips
participants with the specialised knowledge and skills necessary
to succeed in the dynamic banking industry. PRMIA is active in
nearly every major financial centre worldwide with members in
over 65 countries.
The practical areas in module two will include inter alia:
Completing this programme will allow participants to stand out

among their peers, providing participants with a competitive
advantage with colleagues, clients and prospective employers
by developing the necessary skills and experience needed to
succeed in todays dynamic work environment.
Investment Fund Services compliance and risk professionals
This programme has been designed in conjunction with

Operational Risk and Conduct Risk professionals working in
investment fund services. It is the benchmark Operational Risk
Management qualification for the investment fund services
industry in Ireland. It is a progression (from a level 7 academic
award to a level 8 academic award) for those who have
completed the Professional Certificate or Diploma in Investment
Fund Services.
18
The programme is designed to provide a deep understanding of

the key practical and relevant operational risk management risks
facing investment fund services professionals in Ireland today and
will help improve business performance. The practical risk areas
in module one will include inter alia:
- Conduct risk case study scenarios

- Risk culture.
The programme is relevant to:
Holders of the Professional Certificate or Diploma in Investment
Fund Services
Those working in fund accounting, transfer agency and custody
roles
Central function professionals including:

-
Operational risk
-
Internal audit
-
Legal
-
Finance
-
Technology
-
Change management
Lawyers working in asset management and investor

funds groups
How you
will benefit
Operational risk is now exceeding market

risk in importance and magnitude for many
financial firms. For many other firms,
operational risk is the major form of enterprise
risk...New threats from technology, cyber risk,
and disruptive business models will continue to
make operational risk a critical and increasing
focus for firms and a great area for study and
career opportunities. This certificate gives
practitioners an advantage in the growing area
of operational risk.
Russell Walker, PhD
Clinical Associate Professor, Managerial Economics and
Decision Sciences, Kellogg School of Management.
DUAL AWARD FROM UCD AND PRMIA
The programme will provide you with:
Successful participants will be awarded the Professional

Certificate in Operational Risk Management in Investment
Fund Services by UCD. This is a level 8 qualification on the NFQ
and carries 15 ECTS.
A thorough understanding of the key practical and relevant

operational risks facing investment fund services professionals
in Ireland today primarily in the fund accounting, transfer
agency and custody areas.
A deep and practical understanding of the requirements and
responsibilities of operational and conduct risk management
- An understanding of the components of risk culture
Global best practice tools for the identification, assessment,
measurement and management of operational risks
The knowledge and skills to capture, report and investigate
operational risk events, how to produce meaningful Risk MI
including Key Risk Indicator (KRI) data and trend analysis, and
how to implement operational risk appetite
Successful participants will also be awarded the globally

recognised PRMIA Operational Risk Manager Certificate.
PRMIA
PRMIA is globally recognised as a leading educator of risk
management professionals and is active in nearly every major
financial centre worldwide with 50,000+ members represented in
over 65 countries
More details on the PRMIA Global Operational Risk Manager
Certificate award are available at http://www.prmia.org
An understanding of operational risk frameworks, measurement

methodologies and best practices
An understanding of how to manage an operational risk
assessment programme and apply it in the workplace
An ability to blend theory and practice in operational risk
management to improve business performance
- One years membership of PRMIA.
19
Curriculum
You will study two module as follows:

01 Operational Risk Management in Investment Fund Services
02 Risk Management Framework, Culture and Best Practices
01
02
OPERATIONAL RISK MANAGEMENT IN

INVESTMENT FUND SERVICES
RISK MANAGEMENT FRAMEWORK,

CULTURE AND BEST PRACTICES
- Operational risk defined

-
The importance of operational risk and the Probability Risk
and Impact SysteM (PRISM)
- The differences between operational risk and other types of
risk
- Recent failures in operational risk
- Operational risk basics
- Three lines of defence
- Operational risk taxonomies
- Operational risk management frameworks
- Risk capacity
- Risk appetite statements
- Risk policies
- Risk pricing and capital
- Risk information, Key Risk Indicators (KRIs) reporting and
KRI framework
- Risk assessment
- Risk management and action plans
- Risk modelling
- Insurance mitigation.
- Definition of conduct risk

- How does conduct risk transpire?
- Application to retail and wholesale markets
- Conduct risk as defined by the FCA and what lies at its
core i.e. seeking the best outcome for the customer
- Drivers/causes of conduct risk
- Constituents of conduct risk including behavioural
economics
- Conduct risk frameworks and its relationship with the
overall banking risk framework
- Conduct risk appetite statements
- Conduct risk policies and common metrics for assessing
conduct risk performance in an organisation
- How conduct risk relates to operational risk
- The difference between conduct risk and compliance
- Conduct risk impacts on customers, on employees, the
financial institution and on markets (positive/negative)
- How ethical behaviours and decisions can improve
customer outcomes
- Applying the theory to a number of real life Irish and UK
examples using case studies
- Risk governance
- People, roles and responsibilities
- The Board
- The CRO
- Wider reporting
- Systems and documentation
- Risk management process
- Risk culture
- Leadership and risk culture
- The role of the risk management function in risk culture
- The place of other staff in risk culture
- Evaluating risk culture.
The practical areas will include:

- Key operational risks in the fund accounting, transfer
agency and custody functions
- The Central Bank of Ireland thematic reviews including
cybercrime
- Anti-money Laundering/Countering of Financing of
Terrorism
- Outsourcing governance
- Information security, IT resilience, cybercrime
- Business continuity planning
- Records management
- Regulatory reporting
- Implementations and change control delivering client and
market change in a systematic manner.
20

Further Information
ENTRY REQUIREMENTS
Candidates seeking admission to the Professional Certificate
in Operational Risk Management in Investment Fund Services
must possess an honours degree and have at least two years
experience in the funds industry
The Risk Management Framework, Culture and Best

Practices module is assessed by:
An end-of-semester two-hour written exam 100%
Or
The pass mark is 40% in all modules in line with UCD

academic policy.
Hold the Professional Certificate in Investment Fund Services and

have at least five years experience in the funds industry, with at
least two in a supervisory or senior administrator role
FEES
Module
Or
dmission may also be considered for experienced professionals
A
who do not meet the above entry requirements where they can
demonstrate learning through work and training which makes
them a suitable candidate for the programme, i.e. they will have
significant experience in a senior funds role with responsibility for
decision making.
Fees Summit Finuas

Network Price*
Operational Risk Management

c550
c415
Risk Management Framework,

Culture and Best Practices
c495
c370
* Funding is available for a number of places and will be allocated

on a first come first served basis.
You must be a current member of The Institute of Banking, or

become a member, to register for this programme. Membership is
currently c40 per calendar year.
HOW TO APPLY?
DELIVERY
CONTACT
The programme will be delivered via blended learning with online

webinars and recorded lectures supplemented with up to three
face-to-face one-day practical workshops per module.
Further information on this programme is available from:

Mary ODwyer, MA
Programme Manager
E: mary.odwyer@iob.ie
T: +353 (0)1 611 6527
DURATION
Participants can register for and complete both modules in either
one semester or two semesters.
ASSESSMENT
The Operational Risk Management in Investment Fund
Services module is assessed by:
Apply online at www.iob.ie/opriskfunds
Ken OSullivan, BComm, MBS, FIB, FCA

Programme Director
E: ken.osullivan@iob.ie
T: +353 (0)1 611 6548
Continuous assessment - 10%.

An end-of-semester three-hour written exam - 90%.
Louise Ryan
T: +353 (0) 1 605 1546
21
Complex Financial Instruments in
This programme is designed for an ever

increasing range of people working in the
international financial services area and
specifically the funds industry who are
engaged in activities which now require a
good knowledge of the characteristics of
derivative products and complex financial
instruments.
The overall aim of the programme is to develop your technical

knowledge and skills in derivative instruments. It will enable you
to:
The Professional Certificate in Complex Financial Instruments

in International Financial Services is developed specifically for
those who provide support services to or manage assets within
the funds and international financial services industry. The key
objective is to simplify the most common derivatives and explain
their uses in a highly practical way.
This is a practical based foundation programme for understanding
derivatives and provides candidates with a strong comprehension
of derivatives.
Explain how the most common complex financial instruments

and derivatives work and understand their uses in the funds
industry
Evaluate the benefits and risks of differing instruments and
explain how they can be used for speculation, arbitrage,
hedging and general risk management
Describe how these instruments are used for investment
strategies within the major asset classes (equities, currencies,
bonds, commodities and property)
Appraise the role of regulation and the rating agencies in the
application of financial instruments
Understand the role that complex financial instruments played
in the recent market turmoil and what lessons can be learnt for
the future
Review the use of complex financial instruments in financial
institutions from an internal and external viewpoint, including
accounting treatment/reporting, risk management and
regulation.
AWARD
When you successfully complete this programme you will be
awarded a Professional Certificate in Complex Financial
Instruments in International Financial Services (level 7) from UCD.
22

Curriculum
The programme comprises of one module:
01
01 Complex Financial Instruments
COMPLEX FINANCIAL INSTRUMENTS

The module develops your knowledge and understanding
of complex financial instruments which are employed
extensively in financial services. It introduces financial
products such as exchange traded funds (ETFs) and
derivatives including futures, options, forwards and swaps
as well as structured products such as asset backed
securities (ABSs) and contracts-for-difference (CFDs).
The aim of the module is to develop a solid foundation
in complex financial instruments in terms of their use,
benefits and associated risk/return trade-offs, how
financial institutions report and account for these financial
instruments and their application to hedging, speculation
and arbitrage.
23
Delivery and
Assessment
Having worked in the financial services sector

for several years and seen the massive growth
in the credit derivatives market, I wanted to do
a programme that incorporated all the major
credit instruments available and gain a better
understanding of their practical use. This
programme fitted my requirements perfectly.
The whole programme was both educational
and enjoyable. The lecturer enabled students
understanding by constantly showing how
each credit instrument works in practice and
why their use is likely to grow in an everchanging and riskier marketplace.
Tony Noonan
Oaktree Capital
Programme Delivery
Module

Delivery period
One semester
Lecture schedule
Eight evening lectures (3 hours)
Location
Dublin
Assessment
24
Module

Format
Written exam
Time permitted
2 hours
Pass mark
40%

Further
Information
ENTRY REQUIREMENTS
HOW TO REGISTER

Certificate in Complex Financial Instruments in International
Financial Services. Experience in derivatives, although preferable,
is not a requirement for registering to the programme.
Or

member to undertake this programme.
03
Download the registration form and submit to:
FEES
Complex Financial
Instruments
Fees Summit Finuas

Network Price*
c1250
02 Complete your registration online at www.iob.ie


IFSC

1 North Wall Quay

Dublin 1.
Module
Or
c975
*Funding is available for a strictly limited number of places and

will be allocated on a first come, first served basis.
CONTACT
Edel Hayden
Programme Manager
T: +353 (0) 1 611 6509
Louise Ryan
T: +353 (0) 1 605 1546
25
in People Management
26
The Professional Certificate in People

Management is for those who have, or
aspire to, team leadership and people
management roles in an increasingly
competitive market for financial
services. As they manage the strategic
management of the organisation and the
staff who engage directly with clients,
effective people managers are vital to
the success within the financial services
industry.
The programme will be of significant benefit to those relatively

new to supervisor or manager roles, who will typically be very
technically skilled. It will enable you to:
This programme introduces the role of the people manager and

develops the core skills of self-management, communication,
coaching, motivation and performance management that are
needed by anyone who manages people and delivers results. It
also prepares participants to respond constructively to the pace of
change in the financial services industry and to lead their teams in
innovation and adapting to change.
Develop a culture of innovation within a team
Describe the key attributes of a successful people manager

Explain how perceptions and attitudes affect the way in which
individuals work
Outline the people managers role in developing and
implementing business plans and strategy
Discuss the role of people manager as a leader in motivating
employees, employee development and team performance
Deal constructively with challenges such as managing absence
and underperformance
Devise appropriate strategies to prepare team members for
change and implement a change programme
Discuss the impact of culture and managing multicultural teams

on your team, your organisation and your clients.
AWARD
When you successfully complete the two modules of this
programme, you will be awarded the Professional Certificate in
People Management (level 7) from UCD.
Curriculum
The programme comprises of two modules as follows;

01 Managing Teams for High Performance
02 Innovation, Change and Team Leadership
01
02
MANAGING TEAMS FOR HIGH PERFORMANCE

INNOVATION, CHANGE AND TEAM LEADERSHIP

This module introduces the role and core competencies of the

people manager and addresses the skills required to manage
people effectively. The module aims to provide students with
conceptual frameworks, tools and techniques on three levels
that have been identified as the distinguishing characteristics
of successful people managers: self-awareness and selfmanagement; planning and organising work and creating a
climate of positive engagement by communicating effectively
and relating well to others.
This module develops students understanding of the role

of the people manager in leading change and innovation in
the modern financial services organisation. The module will
provide students with a critical understanding that a core
skill of todays manager is to deliver current results while
simultaneously adapting the teams capabilities to deliver
results in a continuously changing environment.
It describes the role, responsibilities and boundaries of the

people managers role in financial services and discuss
the ideal characteristics of a successful people manager. It
then assesses how they as a people manager can drive a
focus on current organizational priorities through effective
communication and building positive relationships with
key stakeholders including staff, senior management and
customers.
It concludes by discussing the skills required by the people
manager in planning and organising their own work and that
of others, as well as picking the right people for the team and
coaching, motivating and managing high performance.
Both excellent team management skills and the ability to

manage change and nurture creativity and innovation will be
developed in this module. It explains why an understanding
of group dynamics is an important foundation for effective
team leadership in team building and development. The
module then looks at the key skills for the people manager
such as negotiating effectively, managing change and
supporting innovation. It also evaluates the impact of national
culture on management and employee behaviour.
The module concludes with discussing how to convert
strategic priorities into key messages for staff, and
understand what is needed to prepare an effective
management report.
27
Delivery and
Assessment
Programme Delivery
Managing Teams for High
Performance
Innovation, Change and Team

Leadership
Delivery period
Semester 1
Oct Dec 2015
Semester 2
Feb Apr 2016
Lecture schedule
Four workshops (3 hours duration)
Managing Teams for High

Performance
Innovation, Change and Team

Leadership
Continuous assessment
(100%)
(100%)
Module
Assessment
Module
Format
28
Further
Information
ENTRY REQUIREMENTS
HOW TO REGISTER

Certificate in People Management.
Or
02 Complete your registration online at www.iob.ie

member, to undertake this programme.
Or
03 Download the registration form and submit to:
FEES
Module
Fees Summit Finuas

Network Price*
Managing teams for high

performance
c460
c360
Innovation, change and team

leadership
c460
c360
* Funding is available for a strictly limited number of places and



IFSC

1 North Wall Quay

Dublin 1.
CONTACT
Grace Furlong
Programme Manager
E: grace.furlong@iob.ie
T: +353 (0) 1 611 6532
Louise Ryan
T: +353 (0) 1 605 1546
29
Professional Certificate in the

Principles of Lean Operations
in Financial Services
BENEFITS FOR YOU AND YOUR ORGANISATION.
The Professional Certificate in the

Principles of Lean Operations in
Financial Services will be beneficial for
anyone who wants to be at the forefront
in the application of lean principles in
a financial services environment. The
objectives of adopting lean practices
are performance enhancement, value
creation and successful adoption of lean
principles which require leadership
and engagement at all levels of the
organisation.
This programme will provide participants with the opportunity first

to gain a basic understanding of Lean and then to consider how
these principles can be applied in their own work environment.
Study materials will draw on examples from a range of settings
to support learning, and lectures will routinely feature activities to
enable students to clarify issues and demonstrate understanding.
Assessments will also focus heavily on understanding and
application to real world challenges through the use of reflective
diaries and applied projects. It will enable you to:
Discuss what is meant by lean principles and how they can be
applied to create significant value in todays financial services
context.
Explain core lean concepts such as flow efficiency, continuous
learning, transparency and feedback loops and how they may
be applied.
Demonstrate awareness of the implications of adopting lean
principles at individual, team and organisational level.
Identify how principles of change management can be
applied to successfully implement lean principles in your own
organisational context, and what this may demand of you as an
individual, team leader and organisational leader.
AWARD
When you successfully complete the two modules of this
programme, you will be awarded the Professional Certificate in
the Principles of Lean Operations in Financial Services (level 7)
from UCD.
30

Curriculum
The programme comprises of two modules as

follows;
01 Lean Principles and Practice
02 Implementing Lean Principles and Practice
01
LEAN PRINCIPLES AND PRACTICE
This module aims to develop an understanding of lean
principles and how they can be applied to create value in
financial services. It explains what is meant by lean principles
in a financial services context and describes the history and
basic underpinnings of lean. It then looks at distinguishing
between resource efficiency and flow efficiency approaches
to organising work. The module concludes with illustrating the
importance of the concepts of transparency and visualisation
to the implementation of lean principles.
02
IMPLEMENTING LEAN PRINCIPLES AND PRACTICE
This module further develops students understanding of lean
principles and the challenges involved in implementing lean
principles in a financial services environment. It illustrates
the meaning and relevance of team empowerment in
implementing lean principles. The module then looks at
how to apply practices such as short feedback loops and
continuous learning to achieve key outcomes. It distinguishes
between a number of key lean/agile methodologies. Next it
considers the importance of measurement in a flow based
work system. The module concludes with looking at how to
demonstrate skills of change management to successfully
implement lean principles and apply this to candidates own
work context.
31
Delivery and
Assessment
Programme Delivery
Module
Lean Principles and Practice

Implementing Lean Principles

and Practice
Delivery period
Semester 1
Oct Dec 2015
Semester 2
Feb Apr 2016
Lecture schedule
Location
Dublin
Dublin
Lean Principles and Practice
Implementing Lean Principles

and Practice
Assessment
Module

Format
32
(100%)
(100%)

Further
Information
ENTRY REQUIREMENTS
HOW TO REGISTER

Certificate in the Principles of Lean Operations in Financial
Services.
01 You can register by completing your registration

online at www.iob.ie.

OR


IFSC

1 North Wall Quay

Dublin 1.
FEES
CONTACT
c510 per module

Grace Furlong
Programme Manager
E: grace.furlong@iob.ie
T: +353 (0) 1 611 6532
33
and Diploma in
Compliance
WHO ARE THESE PROGRAMMES FOR?
These programmes are designed for

those who work or aspire to work in a
professional capacity within a compliance
function in financial services. Both the
professional certificate and professional
diploma are designed to enhance skills,
judgement and ability to deal with
practical issues in the management and
practice of compliance in the financial
services industry.
These programmes will support your personal and professional

development. It will enable you to;
There has never been a more critical demand for competent

compliance professionals in Irish financial services. The Central
Bank requires that financial institutions ensure that their
compliance staff are fit and proper persons to complete their
role. Indeed the importance and status of the role of compliance
officers within firms of all sizes and in all walks of financial
services continues to grow.
Those who successfully complete PDC 1 - Compliance and
the Regulatory Structure and PDC 2 - Conduct of Business
Rules are awarded the Professional Certificate in Compliance.
The professional certificate, a level 7 qualification, is for those
who wish to receive a core understanding of compliance, the
regulatory structure and conduct of business rules. It introduces
you to the theory of regulation and its application to the financial
services industry.
If you complete a further two modules, PDC 3 - Legal and
Regulatory Aspects of Compliance and PDC 4 - Compliance
Management, you are awarded the Professional Diploma in
Compliance. The professional diploma, also a level 7 qualification,
examines the legal and regulatory aspects of compliance and
compliance management and is designed to be the benchmark
qualification for compliance professionals in all sectors of
financial services.
34
Explain the theory and describe the practice of regulation from

both an Irish and European perspective
Describe the impact of relevant regulation and the role of the
various regulatory bodies on the operation of the compliance
function
Explain the role of compliance and the function of internal and
external auditors
Critically evaluate the importance of ethics and their role in the
compliance function
Devise a regulatory relations policy in relation to inspections,
themed visits and routine relations
Assess the level of corporate governance in an organisation
in accordance with the combined rules and regulatory
developments in this area.
AWARD
When you successfully complete PDC 1 and PDC 2, you will be
awarded the Professional Certificate in Compliance from UCD (at
level 7).
On successful completion of PDC 1, PDC 2, PDC 3 and PDC 4,
you will be awarded the Professional Diploma in Compliance from
UCD (at level 7).
PROFESSIONAL DESIGNATION
Individuals who successfully complete the Professional Diploma
in Compliance are entitled to apply for the designation Licentiate
of the Association of Compliance Officers in Ireland and use the
designatory letters LCOI. Continued use of this designation is
subject to meeting ACOIs Continuing Professional Development
requirements.
LCOI is the leading professional designation for compliance
professionals in all sectors of the financial services industry in the
Republic of Ireland.
Curriculum
You study two modules for the Professional Certificate in Compliance comprising:
01 PDC 1 Compliance and the Regulatory Structure
02 PDC 2 Conduct of Business Rules
Candidates who complete a further two modules are awarded the
Professional Diploma in Compliance comprising:
03 PDC 3 Legal and Regulatory Aspects of Compliance
04 PDC 4 Compliance Management
01
02
PDC 1 COMPLIANCE AND THE

REGULATORY STRUCTURE
PDC 2 CONDUCT OF BUSINESS RULES

Compliance is an established function in financial services

firms and is recognised by regulators as an essential part of
the control infrastructure. This module looks at the
role of the compliance function in financial services. It
presents the role of the Financial Regulator and describes
how financial services are regulated both in Ireland and
internationally. It also focuses on ethics and fiduciary
relationships and outlines the legal environment that applies to
financial services.
This module considers the significant increase in the

complexity and volume of the regulation underpinning
compliance procedures. It also explores consumer protection
legislation such as the Consumer Credit Act, the Consumer
Protection Code, along with the Markets in Financial Markets
Directive (MiFID). In particular it looks at data protection
regulations and the requirements these place on financial
services firms. It also considers financial crime and antimoney laundering offences and the compliance officers
role in their prevention. The module aims to assist you in
developing a best-practice approach to counteracting,
hindering and ultimately safeguarding individuals and
corporations from fraud in the financial system.
03
04
PDC 3 LEGAL AND REGULATORY ASPECTS OF

COMPLIANCE
PDC 4 COMPLIANCE MANAGEMENT

This module addresses legal and regulatory processes with

particular emphasis on key principles of company, contract,
competition and securities law. It outlines the rationale for
regulation and the regulatory processes at both EU and
national level. It assesses the authorisation, supervision and
prudential requirements for various financial entities, along
with insider dealing and market abuse regulations. The nature
of fiduciary relationships are also explained.
This module examines the role of the compliance function in

financial services. It analyses the importance of compliance
reporting and devises a regulatory relations policy in relation
to inspections, themed visits and routine relations. It also
considers the ethical dilemmas and challenges faced by those
charged with governing and develops your ability to evaluate
decisions and deal with such situations.
35
Delivery and
Assessment
Programme Delivery
Module
PDC 1 Compliance
and the Regulatory
Structure
PDC 2 Conduct
of Business
Rules
PDC 3 Legal and

Regulatory Aspects
of Compliance
PDC 4 Compliance
Management
Delivery format*
eLearning
eLearning
eLearning
eLearning
Module
PDC 1 Compliance
and the Regulatory
Structure
PDC 2 Conduct
of Business
Rules
PDC 3 Legal and

Regulatory Aspects
of Compliance
PDC 4 Compliance
Management
Format
MCQ
Examination
MCQ
Examination
Written
Examination
Written
Examination
Time permitted
2 hours
2 hours
3 hours
3 hours
Pass mark
40%
40%
40%
40%
Assessment
*eLearning includes online lectures where you will develop your understanding of the pre-assigned reading material through teaching,
exercises and case studies.
All modules are available three times per year, we recommend that candidates take no more than two modules per semester.
36
Further
Information
This programme gives students a core

understanding of the compliance function.
It explains how regulatory systems work in
Ireland and in the international compliance
industry. You can do it while working full-time
or part-time. It is a very useful programme,
which favours career progression, especially
when considering the current growing
importance of compliance worldwide.
Nicoletta Basso
CNP Life
ENTRY REQUIREMENTS
HOW TO REGISTER?
The Professional Certificate in Compliance is a general entry

point to the Institutes qualification structure and is open to both
school leavers and graduates. In addition, candidates must be
affiliate members of ACOI. Affiliate membership can be applied
for at the same time as registering for the programme.
01 Complete your registration online at www.iob.ie/compliance
Entry to the Professional Diploma in Compliance is limited to

those who have successfully completed or registered for the
Professional Certificate in Compliance. To enrol on PDC4 Compliance Management, candidates must have enrolled for or
passed the first three modules: PDC1, PDC2 and PDC3.

IFSC
1 North Wall Quay
Dublin 1.

You must be a current member of the Association of Compliance
Officers in Ireland, or become a member, to register for this
programme.
OR
OR
03 Call the Registration Line on +353 (0)1 611 6500
CONTACT
Membership is currently c150 per year.

FEES
The fees are c680 per module.
Mary O Dwyer
Programme Manager
E: maryodwyer@iob.ie
T: +353 (0) 1 611 6527
37
38
Postgraduate
Qualifications
Qualification
Professional Diploma in Applied Alternative

Investments
Professional Certificate in Financial
Crime Prevention
Graduate Diploma in Financial Services/
MSc in Financial Services
MSc in Compliance
Postgraduate Qualifications
39
Professional Diploma in Applied

The Professional Diploma in Applied

Alternative Investments is an opportunity
for professionals working in the funds
industry to develop their expertise in the
growing alternative assets market.
The overall aim of the programme is to develop your technical

knowledge and skills in alternative investments. It will:
Increasingly, alternatives assets which includes hedge funds,

commodities, private equity, structured products and real assets
investments such as infrastructure investments are becoming
mainstream investments which are predicted to grow significantly.
Given the breadth of alternative assets the programme will
appeal to professionals working in the funds industry who want to
develop expertise in alternative investments.
Advance your knowledge and understanding of valuation issues

relevant to alternative investments and alternative investment
funds
Progress your understanding of long-term trends in the demand
for alternative investments
Deepen your knowledge and expertise in the range of
alternative investment strategies
Introduce the relevance and importance of alternative
investments to various types of investors
Develop your knowledge of legal and regulatory issues
affecting alternative investment funds.
AWARD
When you successfully complete the three modules of this
programme, you will be awarded the Professional Diploma in
Applied Alternative Investments from UCD (at postgraduate
level 9).
40
Curriculum
01
INVESTMENT VALUATION AND RISK
The module introduces the principles underpinning asset
valuation and risk analysis to provide a foundation for
exploring fund valuation drivers relevant to alternative
investment funds. It presents a range of alternative
investments available to investors and explains their drivers
of market performance. It also explores the key economic
variables impacting returns in conjunction with performance
evaluation methodologies relevant to alternative investment
funds. The module concludes with an analysis of the
empirical evidence identifying trends for alternative
investments and the structural drivers of the predicted
increase in long-term demand.
CURRICULUM
The programme comprises of three

modules as follows:
01 Investment Valuation and Risk
02 Applied Alternative Investment Strategies
03 Legal and Regulatory Aspects of
02
APPLIED ALTERNATIVE INVESTMENT STRATEGIES
This module builds upon investment valuation and risk to
develop a deeper understanding of available alternative
investments including private equity, hedge funds and
managed funds, commodities, real assets and structured
products. Next, it considers key issues in relation to asset
allocation and portfolio management and develops an
understanding of alternative fund management and issues of
illiquidity risk which has important implications for endowment
and foundation portfolios and pension fund portfolio
management. This module concludes with an analysis of risk
management, manager selection and due diligence.
03
LEGAL AND REGULATORY ASPECTS OF
ALTERNATIVE INVESTMENTS
This module introduces the rationale and structure of
regulatory regimes for the international financial services
sector with a focus on regulation affecting alternative
investment fund managers (AIFMs). It provides a theoretical
basis for regulation and analyses recent legislation and the
role of key domestic and EU institutions responsible for
regulation and supervision including The Central Bank of
Ireland and The European Securities and Markets Authority
(ESMA). It also develops students ability to critically analyse
a piece of regulatory legislation and identify obligations
imposed by the regulation. In the context of alternatives
investment vehicles, this will involve an analysis of the
requirement and implications of the alternative investment
fund managers.
41
Delivery and
Assessment
Programme Delivery
Module
Investment Valuation
and Risk
Applied Alternative
Investment Strategies

Aspects of Alternative
Investments
Delivery period
Semester 1
Oct-Dec 2015
Semester 2
Feb-Apr 2016
Semester 2
Feb-Apr 2016
Lecture schedule
Location
Dublin
Dublin
Dublin
Module
Investment Valuation
and Risk
Applied Alternative
Investment Strategies

Aspects of Alternative
Investments
Format
Continuous assessment and

written examination

written examination

written examination
Time permitted
3 hours
3 hours
2 hours
Pass mark
40%
40%
40%
Assessment
42
Further
Information
Over 20% of the worlds assets under

management will be in alternative assets by
2020. The shift to alternatives is gathering
pace as investors search for superior risk/
return and yield...
PWC
Spring 14
ENTRY REQUIREMENTS
HOW TO APPLY
The minimum entry requirement for the programme is:
Applications are currently being accepted online by clicking

Apply Now on www.iob.ie/aai
An honours degree and have at least one years experience in the

funds industry.
OR
Admission may also be considered for experienced professionals
who do not meet the admission requirements as set out above
where they can demonstrate learning through work and training
which makes them a suitable candidate for the programme (i.e.
they will have significant experience in a senior funds role with
responsibility for decision-making).
CONTACT
For further information on the Professional Diploma in
Applied Alternative Investments visit www.iob.ie/aai
or you can contact:
Edel Hayden
Programme Manager
T: +353 (0) 1 611 6509

You must be a current member of the Institute, or become a
Louise Ryan

T: +353 (0) 1 605 1546
FEES
We encourage candidates to register for the full academic year but
if you choose to register on a per module basis the fees are broken
down as follows:
Module
Fees Summit Finuas

Network Price*
Semester 1
c1300
c1040
Applied Alternative Investment

Strategies
c1300
c1040
Legal and Regulatory Aspects

of Alternative Investments
c650
c520
Investment Valuation and Risk

Semester 2
*Funding is available for a strictly limited number of places and

43
Financial Crime Prevention
There has been a significant increase in

the complexity and volume of regulation
underpinning compliance in the area of
financial crime prevention. Consequently,
practitioners operating in this complex
environment have to fulfil their fiduciary
responsibilities of ensuring ethical and
legal compliance within this regulatory
environment while contributing to wider
organisational objectives.
The role of the Head of Compliance with responsibility for AntiMoney Laundering and Counter Terrorist Financing legislation,
often the Money Laundering Reporting Officer (MLRO) in a
regulated firm, is now a Pre-Approval Control Function under the
Central Bank Fitness and Probity regime. MLROs within firms
carry serious legal responsibilities and those who fill the roles
must know and understand what these responsibilities are.
Relevant law and standards apply both at a domestic and
international level and material breaches can result in personal
accountability for MLROs as well as significant reputational
damage and fines for financial services firms. The wider
damage caused by financial or white collar crime to individuals,
communities and the public at large is immeasurable. Effective
prevention of fraud and financial crime, combined with thorough
investigation if and when it does arise, yields very positive
outcomes.
The Professional Certificate in Financial Crime Prevention
has been carefully designed to equip MLROs and others who
specialise in this area with the necessary competence to fill this
role and is the only accredited qualification at this level.
44
This certificate has been designed in consultation with the Garda

Bureau of Fraud Investigation and the Suspicious Transactions
Unit in the Office of the Revenue Commissioners.
HOW YOU WILL BENEFIT
This programme will support your personal and professional
development. It will enable you to:
Interpret contemporary legislation in the specific areas of
financial crime prevention
Design, complete and report on major financial crime prevention
projects, which may be required to enhance your firms
positioning within the sector
Determine, on an ongoing basis, the performance of a financial
crime prevention framework within your firms framework
Apply professional knowledge and skills to investigate a
suspected financial crime
Maintain, develop and apply contemporary professional best
practice.
AWARD
When you successfully complete this programme, you will
be awarded the Professional Certificate in Financial Crime
Prevention from UCD (at postgraduate degree level 9).
The Professional Certificate in Financial Crime Prevention also
forms part of the Graduate Diploma in Compliance. Candidates
who achieve an honours award classification in this Graduate
Diploma are eligible for entry to the MSc in Compliance.
Members who complete the Professional Certificate in Financial
Crime Prevention, and who commit to completing Continuing
Professional Development hours, will be entitled to use the
designation CFCPP Certified Financial Crime Prevention
Practitioner.
Further Information
CURRICULUM
ASSESSMENT
The programme comprises of one module, Financial/White Collar

Crime Prevention (NFQ Level 9, 10 ECTS).
The Professional Certificate in Financial Crime Prevention is

assessed by an end of semester three hour written exam.
This module considers the offense of financial/white collar crime

which is committed by or against an individual or corporation and
results in a financial loss. The various forms this type of crime can
take are examined and best practice techniques to manage and
control the risks are discussed. The module will introduce you to a
number of topics and suggested methodologies, but also requires
input from your professional experience to develop a bestpractice approach in order to counteract, hinder and ultimately
safeguard individuals and corporations from crime in the financial
system.
FEES
ENTRY REQUIREMENTS
The minimum entry requirements for the programme are a:
Degree in a business or a legal discipline.
Those who do not hold a degree, but have exceptional
professional experience in the areas of fraud, risk or compliance
are eligible to apply and will be considered on a case-by-case
basis.
programme.
The programme fees are c1,450

Part funding may be available for eligible applicants through
Summit Finuas Network. For more information see
www.iob.ie/sfn
HOW TO APPLY
Applications are currently being accepted online by clicking Apply
Now on www.iob.ie/FinancialCrime
PROGRAMME COMMENCEMENT
February 2016
CONTACT
For further information contact:
Dr Gerry Grenham
Head of Postgraduate Programmes
E: gerry.grenham@iob.ie
T: +353 (0) 1 611 6509

DELIVERY
The programme is delivered by a series of face-to-face lectures.
45
in Data Protection
As well as a thorough understanding of

the regulatory and legislative framework,
professional practice in the area of data
protection requires judgements and
decisions to be made for many scenarios.

development.
The roles of Data Controllers and Data Processors within

organisations carry serious legal responsibilities and those who fill
these roles must know and understand what these responsibilities
are. A data protection breach can result in significant financial
loss, irreparable damage to reputations and substantial fines.
Design, complete and report on major data protection projects

which may be required to enhance your firms positioning within
the sector
Because of the importance of privacy and data protection, many

organisations now employ Data Protection Officers whose role
is to advise on and oversee all data protection matters. The
Professional Certificate in Data Protection has been carefully
designed to equip Data Protection Officers with the necessary
competence to fill this role and is the only accredited qualification
at this level.
The primary motivation underpinning the Professional Certificate
in Data Protection is to provide a learning opportunity for
compliance and related professionals to develop the necessary
skills to ensure that their organisations meet their current and
future responsibilities in relation to data protection.
The programme has been designed in consultation with the office
of the Data Protection Commissioner.
46
It will enable you to:

Interpret contemporary legislation in the specific areas of data
protection
Use contemporary theories and practical evidence to design a
data protection framework within your organisation
Justify the rationale behind recommendations in relation to data

protection
Maintain, develop and apply contemporary professional best
practice and contribute to a personal ethos of life-long learning
and self-improvement.
AWARD
When you successfully complete this programme, you will be
awarded the Professional Certificate in Data Protection from
UCD (at postgraduate degree level 9).
Members who complete the Professional Certificate in
Data Protection, and who commit to completing Continuing
Professional Development hours, will be entitled to use the
designation CDPO Certified Data Protection Officer.
Further Information
CURRICULUM
FEES
The programme comprises of one module, Data Protection

Policies and Procedures (NFQ Level 9, 10 ECTS).
The fees are c1,450.
This module considers the significant increase in the complexity

and volume of the regulation underpinning compliance in the
area of data protection. Compliance practitioners operating in this
complex environment have to fulfil their fiduciary responsibilities
of ensuring ethical and legal compliance within this regulation
while contributing to wider organisational objectives. Topics such
as the cloud, social network, current and future regulation, rights
of privacy and treatment of data are considered.
ENTRY REQUIREMENTS
The minimum entry requirements for the programme are a:
Part funding may be available for eligible applicants through

Summit Finuas Network. For more information see
www.iob.ie/sfn
HOW TO APPLY
Applications are currently being accepted online by clicking Apply
Now on www.iob.ie/DataProtection
PROGRAMME COMMENCEMENT
February 2016
CONTACT
Degree in a business or a legal discipline.
Those who do not hold a degree, but have exceptional

professional experience in the area of data protection, are eligible
to apply and will be considered on a case-by-case basis.
Dr Gerry Grenham
T: +353 (0) 1 611 6509
You must be a current member of the ACOI, or become a

member, to register for this programme.
DELIVERY
The programme is delivered over 5 one-day sessions.
ASSESSMENT
The Professional Certificate in Data Protection is assessed by an
end of semester three hour written exam.
47
Graduate Diploma in
Financial Services/MSc
The Graduate Diploma in Financial

Services/MSc in Financial Services is
ideal for financial services professionals
who are in leadership positions, or who
aspire to leadership roles. It is designed
to develop a critical understanding of
managerial challenges and opportunities
in the globalised financial services
industry.

development by enhancing your knowledge across a broad
curriculum while giving you an integrated, critical understanding of
financial services. It will:
The curriculum develops industry specific knowledge, analytical

skills and utilises students practical experience to promote peer
learning. An important aspect of the programme is the integration of
current research and a focus on strategic challenges facing financial
institutions to identify opportunities and threats arising in the global
marketplace. Students have to critically evaluate the implications of
operating in a dynamic business environment and the challenges they
face in developing and executing strategies to provide value added
products, services and solutions as firms seek to create compelling
value propositions to support sustainable competitive advantage.
This programme provides a pathway to the prestigious,
internationally recognised Chartered Banker designation.
Chartered Banker is the gold standard for professionals working
in the financial services sector. Chartered Bankers are highly
qualified professionals, well equipped for a management career or
leadership role. For further information on the designation, please
visit www.iob.ie/CharteredBanker
48
Broaden your knowledge and understanding of the

requirements and responsibilities of financial services firms,
their activities and associated risks.
Develop your thinking on key challenges by evaluating evidence
and ascertaining the implications of financial theory and your
own professional experience.
Develop your ability to critically analyse contemporary issues in
financial services.
Enable you to apply theories and frameworks to evaluate
options to innovate, adjust and execute strategy.
Develop a holistic professional skill set to ensure commercial
sustainability and the trust of customers and wider stakeholders
along with a framework for life-long learning.
Enhance your ability to inform, recommend and report on
decisions to key stakeholders.
AWARD
When you successfully complete the first six modules of
this programme, you will be awarded the Graduate Diploma
in Financial Services from UCD (at postgraduate level 9).
Candidates who achieve a second class honours grade 2
award in this graduate diploma are eligible for the award MSc
in Financial Services on successful completion of three further
modules. This MSc is also accredited and awarded by UCD (at
postgraduate level 9).
Curriculum
The programme comprises of
nine modules as follows:
01 Ethics and Corporate
Governance
02 Risk Management in
Financial Institutions
03 Contemporary Issues in
Financial Services
04 Project Management
05 Fostering an Innovative
Environment
06 Managing for Compliance
Successful completion of the first
6 modules leads to the award
Graduate Diploma in Financial
Services.
07 Risk Based Financial

Management
08 Behavioural Decision
Making
09 Winning Business
Negotiation Strategies
01
02
03
ETHICS AND CORPORATE

GOVERNANCE
RISK MANAGEMENT IN
FINANCIAL INSTITUTIONS
CONTEMPORARY ISSUES IN
FINANCIAL SERVICES
This module explores the legal and

regulatory frameworks within which
directors of financial service institutions
operate. It examines corporate
governance best practice principles,
their theoretical underpinnings and
their application in both a financial
services and a general organisation
setting. It also considers the ethical
dilemmas faced by those charged with
governing and develops your ability to
evaluate decisions and deal with such
challenges.
This module presents risk management

best practice principles and their
application in financial services
settings. It is both quantitative and
qualitative in nature reflecting the
breadth of the topic. The module will
introduce you to a number of topics
and methodologies and will also require
input from your professional experience
to develop a practical understanding
of risk management in operation. The
module addresses the different types
of risk including market, interest rate,
credit, conduct and operational risk.
This module provides a framework

for reviewing contemporary issues in
financial services including strategic
management of financial institutions,
and how competition influences
strategic choices. The analysis provides
a foundation for evaluating the impact
of technology and financial innovation,
contemporary issues in risk, operational
efficiency and regulation.
04
05
06
PROJECT MANAGEMENT
FOSTERING AN INNOVATIVE
ENVIRONMENT
MANAGING FOR COMPLIANCE

The objective of this module is to

provide an understanding of the
fundamental principles in project
management and its associated tools
and techniques. This is an applied
module which will enable you to
apply project management tools to
real world projects, evaluate project
progress and performance, and
demonstrate an understanding of the
challenges in leading and managing
projects.
This module seeks to introduce

you to the principles and practices
involved in fostering and executing
service innovation. Service innovation
is a significantly improved concept
that is taken into practice. It always
includes replicable elements that
can be identified and systematically
reproduced in other cases or
environments. While particular
emphasis will be placed upon such
innovation in financial services,
consideration will be given to
innovation in other sectors and how
this experience could and should
influence practice in financial services.
Compliance is a core function

in financial services firms and
is recognised by regulators as
an essential part of the control
infrastructure. This module examines
the development of compliance as
an assurance function and evaluates
its strategic role in an organisation
in aligning with the business and
delivering value. It also focuses
on specific issues relevant to managing
a compliance function to ensure it
fulfils its assurance role within an
organisation.
49
The most relevant module for me was Winning Business

Negotiation as it gave me a greater perspective into the
diversification and relationships involved in the various
negotiations and while I found the risk module tough, it gave
me greater insight into the trading and strategic side of the
business along with how risk is calculated and measured.
The programme has broadened my thinking, rationale and my
behaviours in terms of how I negotiate and make decisions. My
employer is a big driver of staff development so I can see myself
being able to apply what Ive learned on a daily basis In fact,
I already do!
Clare Lundy
Senior Manager VP, Citi
50
07
08
09
RISK-BASED FINANCIAL
MANAGEMENT
BEHAVIOURAL DECISION
MAKING
WINNING BUSINESS
NEGOTIATION STRATEGIES
This module introduces risk

management policy and develops a
critical appreciation of hedging and
arbitrage to better understand the
different approaches to managing
and taking on risk. It will evaluate
human behaviour and highlight lessons
learned from failures in the past to
better understand risk and improve
professional practice.
In this module you will be introduced

to the interface of economics and
human behaviour in financial decision
making. The applicability of behavioural
finance ranges from providing
alternative insights into understanding
stock market crises to retail financial
services. You will explore the limits
of traditional economic analysis of
decision making under uncertainty,
and develop your understanding of the
behavioural critique and its applicability
across a range of financial settings.
This module equips you with both

the practical skills and the theoretical
understanding required to be a better
negotiator. Negotiation practice, in
the form of role-play, is central to this
module. You will learn how to improve
your negotiation skills to achieve
Further
Information
ENTRY REQUIREMENTS
FEES
The minimum entry requirements for the programme are:
The fees are c4,400 for the first academic year (c10,500 for the
programme in total). Fees will be reviewed annually.
Honours degree in business or a related discipline (e.g.)

accounting, finance or economics, or
Honours degree in a non-business discipline with three years
relevant work experience.
Those who do not hold a degree, but have exceptional middle or
senior management experience, are eligible to apply and will be
considered on a case-by-case basis.
You must be a current member of The Institute of Banking, or
become a member, to register for this programme. Membership is
currently c40 per calendar year.
DELIVERY
Postgraduate courses are delivered on a part-time basis and
students can register for a maximum of two modules per
semester. Each 10 ECTS module comprises of up to 30 delivery
hours per semester.
Tax relief may be available to candidates who are paying fees in

a personal capacity. Further information is available from www.
revenue.ie.
HOW TO APPLY
Apply Now on www.iob.ie/mscfs
CONTACT
Dr Gerry Grenham
T: +353 (0) 1 611 6509
DURATION
24 months (part-time).
ASSESSMENT
Assessment is a combination of continuous assessment and
written exams.
The pass mark is 40% in all modules in line with UCD academic
policy
51
MSc in Compliance
The MSc in Compliance is designed

to give compliance and other control
professionals the knowledge and skills
they need to implement effective
compliance structures and enhance the
overall internal governance structures of
organisations.

development. It will:
This programme will provide participants with the multi-disciplinary

skills to participate more effectively in compliance management
and to understand a practical application of compliance best
practice.
It is ideal for those who work in a control function within a
financial services organisation and will be of particular interest to
compliance managers.
Provide you with the opportunity to develop comprehensive

knowledge and expertise across a broad curriculum in
compliance.
Develop an in-depth understanding of the requirements and
responsibilities of ensuring robust compliance within financial
services firms, while maintaining the trust of customers and
wider stakeholders.
Develop your thinking on key business challenges and ethical
dilemmas faced by management when striving to improve
business performance.
Advance your ability to blend theory and practice in complex
and specific situations to improve business performance.
Enhance your business judgement, critical analysis and problem
solving skills.
AWARD
The MSc in Compliance is accredited and awarded by UCD (at
postgraduate level 9).
Students who leave the programme on successful completion
of the first six modules are eligible for the exit award Graduate
Diploma in Compliance from UCD (at postgraduate level 9).
Members who complete the MSc in Compliance, and who commit
to completing Continuing Professional Development (CPD) hours,
qualify to become Fellows of the ACOI and to use the designatory
letters FCOI.
52
MSc in Compliance
Curriculum
The programme comprises of eight modules as
follows:
01 Ethics and Corporate Governance
05 International Financial Services Regulation
02 Managing for Compliance
06 Designing an Internal Governance Framework
03 Financial Crime Prevention
07 Compliance Project
04 Data Protection Policy and Procedures
08 Behavioural Decision Making
01
02
ETHICS AND CORPORATE GOVERNANCE

MANAGING FOR COMPLIANCE

This module explores the legal and regulatory frameworks

within which directors of financial service institutions operate.
It examines corporate governance best practice principles,
their theoretical underpinnings and their application in both
a financial services and a general organisation setting. It also
considers the ethical dilemmas faced by those charged with
governing and develops your ability to evaluate decisions and
deal with such challenges.
Compliance is a core function in financial services firms

and is recognised by regulators as an essential part of
the control infrastructure. This module examines the
development of compliance as an assurance function and
evaluates its strategic role in an organisation in aligning
with the business and delivering value. It also focuses on
specific issues relevant to managing a compliance function
to ensure it fulfils its assurance role within an organisation.
03
04
FINANCIAL CRIME PREVENTION

DATA PROTECTION POLICIES AND PROCEDURES

The module considers the offence of financial/white collar

crime which is committed by or against an individual or
corporation and results in a financial loss. The various
forms this crime can take are examined and best practice
techniques to manage and control such risks are discussed.
The module will introduce a number of topics and suggested
methodologies to you but also requires input from your
professional experience to develop a best-practice approach
in order to counteract, hinder and ultimately safeguard
individuals and corporations from fraud in the financial system.
The module considers the significant increase in the

complexity and volume of the regulation underpinning
compliance in the area of data protection. Compliance
practitioners operating in this complex environment have to
fulfil their fiduciary responsibilities of ensuring ethical and
legal compliance within this regulation while contributing to
wider organisational objectives. Topics such as the cloud,
social network, current and future regulation, rights of privacy
and treatment of data are considered.
53
Having completed the Diploma in Compliance, the MSc in

Compliance was the next logical step for me. The modules
Corporate Governance, Designing an Internal Governance
Framework, Data Protection and Managing for Compliance
were particularly relevant to my job. The lectures are delivered
by a mix of academicand practitioner lecturers. It is accessible
to those not working directly in compliance but a background
or interest in compliance would be an advantage.
Fiona Murphy
VHI
05
06
INTERNATIONAL FINANCIAL SERVICES REGULATION

DESIGNING AN INTERNAL GOVERNANCE

FRAMEWORK
This module discusses the rationale for financial services

regulation. It also provides a framework of the regulatory
landscape from a local, European and global perspective. You
will be able to critically analyse and evaluate the regulatory
response in the wake of the global financial crisis. The topic of
balance between prudential and customer driven regulation is
investigated.
54
The module seeks to establish a best practice approach in

the design of internal governance frameworks for financial
service providers. This applied module considers all aspects
of the three lines of defence model and the board directors
interaction with this framework. This module will build on the
Ethics and Corporate Governance module in exploring how
good governance should be embedded in the organisation.
These considerations are placed in the context of the
organisation implementing strategy devised by the board of
directors within the risk culture and risk appetite.
07
08
COMPLIANCE PROJECT
BEHAVIOURAL DECISION MAKING

The applied project provides an opportunity to integrate your

learning from previous modules. It is a comprehensive project
with a strong focus on practical application. By assimilating
all the skills and knowledge you have acquired from the
programme, the projects aim is to enable you to critically
evaluate an existing compliance framework. It will also enable
you to design and make recommendations on how to develop
an optimal compliance model and integrate it effectively within
the internal governance framework of the organisation.
In this module you will be introduced to the interface of

economics and human behaviour in financial decision making.
The applicability of behavioural finance ranges from providing
alternative insights into understanding stock market crises to
retail financial services. You will explore the limits of traditional
economic analysis of decision making under uncertainty, and
develop your understanding of the behavioural critique and its
applicability across a range of financial settings.
MSc in Compliance
Further
Information
ENTRY REQUIREMENTS
FEES
The minimum entry requirements for the programme are:
The fees are c5,100 for the first academic year (c12,200 for the
programme in total).
- Honours degree in a business, legal or cognate discipline with

completion of the Professional Diploma in Compliance (level 7)
and at least 3 years management experience in a compliance
role.
Or
-
Those who do not hold a degree or the Professional Diploma
in Compliance (level 7), but have relevant middle or senior
management experience in a control function (compliance,
audit, credit or treasury) are eligible to apply and will be
considered on a case-by-case basis.
Year 1 (Semester 1 and 2) modules are eligible for Summit Finuas

Network funding for a limited number of places on a first come
first served basis. The availability of funding for the remaining
semesters, if applicable, will be confirmed in advance of their
commencement.
HOW TO APPLY
Apply Now on www.iob.ie/MScCompliance
CONTACT

programme.
Membership is currently c150 per year
DELIVERY
The MSc in Compliance is divided into six semesters completed
over 24 months. Each semester participants complete two
modules and each 10 ECTS module comprises of up to 30 hours
delivery per semester.
Dr Gerry Grenham
T: +353 (0) 1 611 6509
Louise Ryan
T: +353 (0) 1 605 1546
ASSESSMENT
Assessment is a combination of project work, continuous
assessment and written examinations.
The pass mark is 40% in all modules in line with UCD academic
policy.
55
56
Executive
Education
Fund Director Programme
Executive Education
57
Executive Education
Fund Director
Programme
HOW WILL I BENEFIT
The Certified Investment Fund Director

Programme is designed for all investment
fund directors, or those with extensive
asset management or funds experience
who aspire to become investment fund
directors.
On successful completion of this programme, participants will be

equipped to:
It would also be a valuable programme for those operating in

director/senior management positions within both fund promoter
and service provider organisations.
- improve the effectiveness of fund board, fund promoter

and service provider relationships from an investment fund
governance perspective;
Those responsible for the regulation of investment funds and,

in particular, the oversight of investment fund governance
frameworks would also benefit from attending this programme
- understand the behaviours required from well-functioning

boards and individual directors
- appreciate fully the respective roles of investment fund boards,

fund promoter organisations and service provider organisations
in the investment fund governance process;
- implement an effective risk-based governance framework for
investment funds for which they are responsible;
AWARD
On successful completion of the programme, candidates with
at least one years director experience will earn the professional
designation of Certified Investment Fund Director from The
Institute of Banking.
CONTINUING PROFESSIONAL DEVELOPMENT
Certified Investment Fund Directors will have an obligation to
develop and maintain the level of professional competence
relevant to their position (Continuing Professional Development or
CPD). The Institute of Banking offers Certified Investment Fund
Directors a comprehensive and cost effective CPD programme to
help them meet their annual CPD requirements.
58
Certified Investment Fund Director Programme
Curriculum
Module 1
Fundamentals of Alternative Investments Certificate (FAI) Programme (20
hour on-line course to be completed prior to Module 6, Portfolio Management).
Please refer to www.caia.org/fundamentals for details of this programme.
BLOCK 1 (3 days)
BLOCK 2 (3 days)
BLOCK 3 (3 days)
Module 2 (1.5 days)

Investment Fund Governance I
Module 4 (0.5 day)

Fund Distribution and Board Oversight
Part 1
Defining investment fund
governance
Unique characteristics of investment
funds versus companies and
implications for governance
Role of investment fund boards
the practical reality
Key governance principles
Legal duties of boards of directors
(common versus civil law duties)
Distribution models
Distribution challenges
Distribution risk
Effective board oversight of
the distribution process
Module 7 (1 day)
Investment Fund Valuation and
Board Oversight
Module 5 (0.5 day)

Transfer Agency and Board Oversight
Part 1
1 Case Study
Part 2
Developing a best practice model of
investment fund Governance
Part 2
2 Transfer agency models
3 Current issues for director
consideration
Part 3
What can go wrong? Reflection
on recent cases and hypothetical
scenarios
Module 6 (2 days)
Portfolio Management and
Board Oversight
Module 3 (1.5 Days)

Investment Fund Regulation
Part 1
European Regulatory Architecture
Global Regulatory Architecture and
Global Regulatory Trends
Part 2
Role of the investment fund sector
in financial intermediation
Types of investment funds: investor
risks and systemic indicators
Why do we need financial
regulation?
Drivers for EU and global financial
regulation
Regulatory design and
implementation
Financial markets failure lessons
learnt
4 Current trends in portfolio

management
5 Board analysis of investment
strategies (including
alternative strategies)
6 Board analysis of investment in
financial derivative instruments/
efficient portfolio management
7 Board analysis of investment
performance
Module 8 (0.5 day)

Analysis of Investment Fund
Financial Statements
- Role of external audit
- Relevant accounting standards
- Financial statements of investment
funds
- Accounting for instruments
- Disclosure requirements
- Board oversight of fund financial
statements
Module 9 (0.5 day)
Custody and Board Oversight
- Oversight versus safekeeping role of
the custodian
- Custody models/Prime broker
models
- Changing European regulatory
framework (AIFMD and UCITS
V) and implications for depository
liability
- Custody risk
- Effective board oversight of custody
of assets
Module 10 (1 day)
Investment Fund Governance II
1 Investment fund board/fund
promoter relationship
2 Board effectiveness: behavioural
aspects of boards
3 Board effectiveness: board
processes
4 Ethics and the investment fund
board
5 Corporate governance: investment
fund boards role in the stewardship
of investee companies
Part 3
European Regulatory Framework for
Investment Funds: Implications of
Regulatory Change
- Importance of NAV integrity

- Valuations risks
- Audit process and NAV integrity
- Impact of UCITS V
- Impact of AIFMD
Executive Education
59
Executive Education
Delivery
Date and locations
60
Block 1
Autumn 2015
(Zurich)
Spring 2016
(London)
2. Investment Fund Governance I
14 and 15 September 2015
8 and 9 February 2016
3. Investment Fund Regulation
15 and 16 September 2015
9 and 10 February 2016
Block 2
Autumn 2015
(Zurich)
Spring 2016
(London)
4. Distribution
12 October 2015
7 March 2016
5. Transfer Agency
12 October 2015
7 March 2016
6. Portfolio Management and

Board Oversight
13 and 14 October 2015
8 and 9 March 2016
Block 3
Autumn 2015
(Zurich)
Spring 2016
(London)
7. Investment Fund Valuation

and Board Oversight
9 November 2015
9 May 2016
8. Analysis of Investment
Fund Financial Statements
10 November 2015
10 May 2016
9. Custody and Board Oversight
10 November 2015
10 May 2016
10. Investment Fund Governance II
11 November 2015
11 May 2016
Certified Investment Fund Director Programme
Further
Information
At a time when regulators and investors are

focusing more on the quality and composition
of a fund board, the CIFD Programme was
excellent in that it encapsulated all the
pertinent issues of a fund and the integral role
the Certified Investment Fund Director can
play. This can only enhance the marketing
profile of the fund and its promoter and at the
same time safe-guard the interests of investors
and ultimately its beneficial owners.
Philip Craig
APPLICATION PROCESS
ASSESSMENT
As the number of places on the programme is restricted, early

applications are encouraged. An application form is available
from the Programme Director. Applications for the programme
must be received on or before 15 August 2015 (Cohort 5 in
Zurich)/31 December 2015 (Cohort 6 in London). The fee for the
programme is c10,500. (Some participants may be subject to an
additional VAT cost).
An assessment is attached to each block to ensure that the

learning outcomes associated with the block have been achieved.
Sufficient time will be left between each of the blocks to facilitate
the completion of the block assessment and to prepare for the
following block. The assessment will take the form of a learning
journal recorded by programme participants during and on
completion of each block. A learning journal is a reflective log
that records a participants learning experience of a particular
topic/module. It allows participants to reflect on how their study
and learning has developed during each module, what they are
learning and the relevance or application of this learning to their
own experiences in a work setting. The content of the learning
journal will be unique to each participant and will reflect their
experiences during the class and their own interpretation of the
material presented. The learning journal will be evaluated and
graded to assess the participants knowledge, synthesis, analysis
and development.
FACULTY
The Programme Director, Dr Margaret Cullen, has brought
together an expert group of lecturers, consisting of academics
and practitioners, to present on the programme. Contextualising
the programme material in the day-to-day experiences of
participants is an integral ingredient of the Certified Investment
Fund Director Programme. Active participation and discussion,
where participants can draw on each others experiences, will
be encouraged and facilitated by lecturers. Details of the CIFD
faculty are available on The Institute of Banking website:
www.iob.ie/cifd.
CONTACT
For further information on the Certified Investment Fund
Director Programme please visit www.iob.ie/cifd or contact the
Programme Director:
Dr Margaret Cullen
The Institute of Banking IFSC
1 North Wall Quay Dublin 1
Ireland
E: margaret.cullen@iob.ie
T: +353 (0) 1 611 6559
Executive Education
61
Registering to a Programme
Frequently Asked Questions
Many questions arise when considering which

programme to study, here are some of the most
frequently asked questions we receive.
I have been a
member of the
Institute for a number of
years and have completed
a number of programmes.
Can I use them towards
any other qualification?
Are there opportunities
for further educational
advancement?
Modules completed on our
level 7 programmes can be
counted when accumulating
the 30 credits required to
gain entry onto the level 8
programmes
I am a business
graduate with
financial services industry
experience. I am looking
to take the next step in
my career development.
What programme may be
suitable for me?
The MSc/Graduate Diploma
provides you with the key
skills and tools to meet
managerial challenges
and opportunities. It is a
postgraduate qualification
I work in the funds

industry. Are there
any specific programmes
for this industry?
I work in
compliance. What
programmes are relevant
to me?
Yes, the Professional

Certificate in Investment
Fund Services. This
programme is offered in
conjunction with the Irish
Funds Industry Association
(Irish Funds)
The Professional Certificate

in Compliance and the
Professional Diploma
in Compliance are the
benchmark qualifications for
compliance professionals in
all sectors of the financial
services industry

in Operational Risk
Management in Investment
Fund Services is a
unique and specialist risk
management programme for
people working or seeking
to work in the Investment
Fund Services industry
in Complex Financial
Instruments in International
Financial Services may also
be of interest
The Professional Diploma
in Applied Alternative
Investments will appeal to
those who want to develop
expertise in alternative
incestments
62
Frequently Asked Questions
Both programmes are

offered in partnership
with the Association of
Compliance Officers in
Ireland (ACOI), LIA and the
Insurance Institute of Ireland
The MSc in Compliance
is open to Professional
Diploma in Compliance
graduates who hold a
business/law degree.
Candidates who do not
fulfil this criteria may be
considered on a case-bycase basis
Why should you study with us?
The Institute is the established

professional education body for
banking and financial services.
01
The Institute is a recognised

college of University College
Dublin.
02
Our credit accumulation system

allows you to achieve professional
certificate, diploma, degree,
graduate diploma and masters
awards. These programmes may
count towards the next phase of
your professional education.
Our programmes are relevant to

your work. They are designed to
help you to do your job better and
enable you to develop and build
your career in financial services.
03
06
07
Our programmes and CPD

modules are designed for those
who work (or aspire to work) in
the financial services industry and
all our programmes are part time.
You can attend lectures and

workshops in several locations
around the island of Ireland.
04
09
08
We excel at elearning and give you As a member of the Institute,
online access to full programme
you are part of a community of
manuals, learning plans, live and
professionals. We are committed
pre-recorded webinars, sample
to helping and supporting you.
exam papers and more.
We are not-for-profit and our
05
prices are very competitive.
The
Prospectus
Institute
2015/2016
of Banking
Frequently
Why
shouldAsked
you study
Questions
with us?
63
How we help you pass your module
SUPPORTS TO HELP YOU
We are committed to ensuring that

you have access to a wide range of
educational supports to help you
with your studies. You should start
using these as soon as possible to
gain maximum benefit. Students
who start studying earlier, perform
better in exams.
Learning supports available.
The specific learning supports attached to each programme
vary depending on the nature of the module. For details on the
learning supports for each module, visit www.iob.ie. Learning
supports for each programme are available from the start of term
from the My Institute section of our website which should be
checked regularly during your course of study.
64
Chapter Weightings - Multiple Choice

Question (MCQ) Modules
MCQ module learning plans include the
exam chapter weightings. The exam chapter
weighting is broadly proportionate to the
weighting of questions in the exam paper,
ie how many questions will appear from
each chapter. This is intended to help you to
prioritise your studies.
eLearning
Many of our modules are accompanied with
elearning content. This content is available
24/7 and is a key support in studying and
revising the programme material. eLearning
material provides the opportunity for multiple
viewings. Combined with active reading, this
enables students to improve their learning by
reviewing the important topics or any areas of
difficulty.
Exam Preparation Webinars
A number of modules have an interactive
online live webinar per semester. Each
webinar is approximately 40 minutes in
duration with an online lecturer working
through exam questions. Students can
request specific areas to be covered and
ask questions to the online lecturer in
advance. During the webinar you will have the
opportunity to interact with the lecturer online
and they will review the questions received
during the session. Students registered to
these modules will receive information on
what areas will be covered in the webinars
to help them prepare and make the most of
these sessions.
Learning Plan
The Learning Plan is an invaluable study aid
for students studying level 7 programmes as
it shows you how the module is organised.
This online document:
- Introduces you to the module you are
studying
- Specifies the learning outcomes and also
the assessment requirements for the
module
- Shows you how much study should be
completed each week
Lectures/workshops
Face-to-face lectures and/or workshops are
available for certain modules. Information on
the content and format of these workshops
is available in each modules learning plan/
study guide.
Manual
Most modules in our level 7 programmes,
and some at level 8, are accompanied by a
manual which contains the primary content
for the module. The manual is sent to you
after you register. It is essential that you have
a thorough knowledge of all areas covered
in the manual - there is no substitute for
studying the manual. An electronic version is
available on My Institute for students making
a resit attempt at the module.
Past and Sample Papers

Past or sample examination papers are
made available on the My Institute section
of the website. For modules with written
exams, there are past papers available on My
Institute to help you prepare for your exam.
For modules assessed by MCQs, there are
sample questions and papers available as
past exam questions are not published.
Student Discussion Forums
In 2015/2016, we are introducing student
forums as a new support on some modules.
These forums will allow students to discuss
module content, assignment progress and
other module information. Further information
will be available on My Institute.
Student Handbook
There are handbooks at level 8 and 9
which contain key information about the
programmes, assessment guidelines and
regulations and also information on the
submission of online assignments.
Study Guide
Each module on a level 8 or 9 programme
has a Study Guide which provides you with
key information about the module including
the learning outcomes, summary of content,
delivery plan, and assignment requirements.
Online MCQ (Take a Test)

This tool allows students to take sample tests,
either on a chapter-by-chapter or a full test
basis. On completion of each test students are
given a report which details which questions
were answered incorrectly and the exact subsection reference in the manual. During the end
of chapter tests, if you answer any question
incorrectly the correct answer is shown to you
before moving on to the next question.
Text Book
Textbooks are recommended for many
modules at level 8 and 9. On your registration
you will receive a reading list for your
modules which will let you know if there are
compulsory or supplemental textbooks that
you need to purchase. Where a textbook
is used, the study guide will indicate what
chapters are important, and when they will be
discussed in a workshop or lecture.
65
Terms and Conditions
REGISTRATION
In order to avail of the Institutes qualification programmes and
services you must become and remain a current member of the
Institute. The Institute of Banking membership fee of c40 applies
for the calendar year and for new membership is payable on
registration. It is then payable annually and falls due on 1 January
each year.
If you are registering for the Professional Certificate or Diploma
in Compliance, Professional Certificate in Financial Crime
Prevention, Professional Certificate in Data Protection or the MSc
in Compliance a yearly membership fee of c150 to the ACOI is
applicable, payable on registration to the programme and on 1
August each year thereafter. You do not need to be a member of
the Institute also to register for these programmes.
When you are registering to a programme of study you can register
on a module by module basis to that programme. On registration
a notice of confirmation of your registration will be emailed to you
and posted online to My Institute; you should read this to confirm
that the details are correct. If not, you should inform the Institute
as soon as possible. If you have not received a confirmation email
within 10 working days of your initial submission you should
contact us at info@iob.ie or +353 (0) 1 611 6500.
Entry Requirements - The second level educational requirements
for employment in financial institutions are normally acceptable
for entry to the Institutes educational programmes at level
7 (unless there are specific entry requirements stated in the
programme overview in this prospectus). These educational
requirements are five passes in the Leaving Certificate including
English and Mathematics or five O Level/GCSE passes including
English Language and Mathematics. Mature applicants, who are
over 21 years of age, are exempt from these entry criteria. You do
not need to enclose a copy of your Leaving Certificate/GCSEs
results with your registration if you are employed by a recognised
financial institution or classified as a mature applicant (over 21
years of age). In all other cases you should send a copy with your
registration. For all other programmes (levels 8 and 9), see the
entry requirements specified under each programme.
66
Registrations for level 7 programmes can be made online, by post

or email using the relevant registration forms, or by telephone.
Registrations for level 8 and level 9 programmes can be made
by post or email only using the relevant registration forms, or by
telephone for continuing students. Where students are registering
for the first time, the verification of admissions criteria may be
involved and so early registration is strongly recommended.
Applications from members who do not meet the standard
admission requirements in particular often require extra time for
verification and processing.
In all cases the terms and conditions as set out herein apply.
Module registration forms are available at www.iob.ie. At peak
times, due to large volumes of registrations received, it can
take between 5 and 10 working days to process hardcopy
registration forms (online registrations are processed live and
hence are a very speedy method of registration). We must receive
complete registration forms before the registration closing
dates. Submission of incomplete forms will result in delays in
processing your registration and/or your form being returned
to you. The Institute does not accept responsibility for delays in
communications sent through the postal system or the internal
mail system of your employer (if applicable). All programme fees
are payable in full in advance. Partial or incomplete payment will
not be accepted and registrations that do not include the correct
fees will not be processed.
Pre-requisites and co-requisites: Some modules within
programmes have pre-requisite or co-requisite modules. If you
wish to register for these modules you must: In the case of
pre-requisite modules, have passed or be exempted from the
prerequisite module before you register; In the case of corequisite modules, have a simultaneous registration in, have
passed or have been exempted from the co-requisite module
before you register.
If you are registering for more than one module you should
ensure that you have sufficient time available to dedicate to your
studies. We strongly advise you to register on time, i.e. at the
start of the semester, and to carefully estimate the workload of
the modules you are registered for. A 5 ECTS credit module has
a notional workload of 100-125 hours approximately and a 10
ECTS credit module has a notional workload of 200-250 hours.
We strongly recommend no more than 10-15 ECTS credits in
a semester. Module credits are listed in this prospectus in the
programme information.
Semester Start and Closing Dates 2015/2016
Core modules within a programme will not be examined at the

same date and/or time. However, option modules may clash and
you should check the examination dates of all modules to which
you are registering.
Closing Date
29/01/2016
Semester Start Date
08/02/2016
Late Closing Date
04/03/2016
Please note that the later you register the less time you will have
to engage with the syllabus and this could affect your successful
achievement of the learning outcomes and completion of the
module and/or programme.
LEVEL 7
Semester 1
Closing Date
Semester Start Date
05/10/2015
Late Closing Date
30/10/2015
Semester 2
Semester 3
Closing Date
27/05/2016
Semester Start Date
30/05/2016
Late Closing Date
01/07/2016
Under UCD regulations, students may not normally be registered

concurrently to more than one programme within the Institute.
Students looking to register concurrently to multiple programmes
need to request permission in writing from the Head of Registry
in The Institute of Banking.
LEVEL 8
In order for us to communicate with you it is important to ensure

that your personal information is up-to-date at all times, in
particular your email and mobile phone number as these are our
primary methods of communicating with you.
Semester 2
You can update your personal information online at www.iob.ie (by

logging into My Institute).
All fees (examination, registration and membership) are nonrefundable and non-transferable after the closing date for level 8
and the late closing date in the case of level 7.
30/09/2015
Semester 1
Closing Date
23/09/2015
Semester Start Date
05/10/2015
Closing Date
22/01/2016
Semester Start Date
01/02/2016
Semester 3
Closing Date
20/05/2016
Semester Start Date
30/05/2016
Where registrations are incomplete they will be subject to delay

in processing or may be returned to you without having been
processed. Registrations received after the closing date for
level 8 and the late closing date in the case of level 7 will not be
processed. There is no late closing date for level 7 programmes
where lectures are involved.
67
MANUALS
We support many of our programmes with customised study
manuals which are included in the cost of the programme. For
some of the Level 8, modules textbooks must be purchased
separately. If there is a study manual for your programme or if
you have purchased a textbook, we will send it to you within two
weeks of the semester start date or within 10 working days of
your registration being processed.
We will send study manuals/textbooks to your work address
unless you have advised us on your registration form that we
should send them to your home address. The Institute does
not take responsibility for manuals/textbooks which have been
misplaced or the non-receipt of manuals/textbooks which have
been dispatched to home addresses. Where an address has
been amended after a registration has been processed, it is
your responsibility to locate the manual/textbook at the address
provided on the registration form.
It is your responsibility to make sure that you have the most
up-to-date materials for your studies, including an up-to-date
manual/textbook. You can find a copy of the most up-to-date
study manual on My Institute but we cannot provide soft copies
of textbooks. Re-registration students can purchase an up-todate study manual for c35 as this is not automatically re-issued.
WITHDRAWALS, DEFERRALS AND RE-REGISTRATION
If you are unsuccessful or do not attend an examination for which
you have registered, you should re-register to the relevant module
at the next available sitting. Re-registration fees for modules are
payable in advance. If you are unable to attend an examination due
to extenuating circumstances, you should complete the extenuating
circumstances form and submit it to the Head of Registry within
10 working days of the exam date. If approved, module(s) will be
re-registered to the NEXT available sitting. For further details on
extenuating circumstances see www.iob.ie/examdetails.
68
Students should also refer to the relevant Student Handbook for

details on specific implications of not completing assessments
(examinations or continuous assessment), in particular for
programmes at level 8 and level 9.
Students registered to a programme are expected to study for a
minimum of one module per semester/term. Students who wish
to take a break for a semester are required to formally request
a Leave of Absence in advance of the semester and should
contact the relevant programme manager for relevant information.
Students should note that when they return they are governed
by the Institutes Rules, Regulations, Codes and policies and
procedures in place on their return. They are also subject to the
programme curriculum and programme requirements in place for
the programme on their return. Students should be reminded that
the Institute cannot guarantee that the same modules available
prior to or during a leave of absence period(s) will be available
when they return.
EXAMINATION REGULATIONS
You are advised that the conduct of the examinations is governed
by the Examination Regulations of the Institute. You must read
these regulations and related procedures, available at www.iob.ie/
examdetails. Before beginning your examination, you will be asked
to sign a declaration stating that you have read, understood and
agree to be bound by the Examination Regulations.
STUDENT CODE
The Institute of Banking is a community of staff, students,
members and graduates joined together for the common purpose
of the advancement and dissemination of knowledge. The student
code sets out the Disciplinary Regulations for students and is
available from www.iob.ie/examdetails.
RECOGNISED PRIOR LEARNING (RPL)
Credits for RPL may be awarded for some modules/programmes.
For full details on RPL see www.iob.ie/rpl. Please note that
all exemption applications must be submitted in advance of
admission to the programme. Should a candidate be unsuccessful
in a module examination they are precluded thereafter from
applying for an exemption in that module. For semester 1

exemption applications must be submitted by 23 September
2015, for semester 2 by 22 January 2016 and for semester 3 by
20 May 2016.
The cost of an exemption application is typically indicated on the
exemption application form or in the specific RPL guidelines for
the programme. Note that the fee for RPL differs depending on
whether the application refers to the recognition of experiential
learning or prior study.
IT USAGE
The Institute provides significant online supports to students.
You are advised that the use of My Institute and IT supports
is governed by the IT Usage Policy and Code of Conduct of
The Institute. Therefore you should ensure that you are familiar
with this policy and code of conduct. Details are available at
www.iob.ie/ITUsage
disclose your information to your employer. You are entitled to ask

for a copy of the personal data which the Institute holds about
you and to have any inaccuracies in such personal data amended
or erased. You may do so by writing to: The Registrar, The Institute
of Banking, IFSC, 1 North Wall Quay, Dublin 1.
DECLARATION
By submitting Institute of Banking registration forms, you
acknowledge that you have read in full, understood and agree
to be bound by the terms and conditions set out and referred to
online at www.iob.ie/terms. You further confirm that you have read
and understood the contents of the data protection notice and
consent to the uses and disclosures of your personal data as set
out therein.
DATA PROTECTION
The information provided by you on membership and registration
forms and generated as a result of your participation in
programme(s) may be used and disclosed by the Institute for all
purposes which are reasonably incidental to your participation
in the programme(s). If you are taking part in programmes in
the context of your employment, those purposes may include
the disclosure of examination results to your employer and such
other information as may be necessary to enable your employer
to maintain a register of accredited individuals and for other
regulatory or compliance purposes. If applicable, your information
may also be disclosed to the Central Bank of Ireland for Minimum
Competency Code and Fitness and Probity requirements. Where
you are taking part in the programme in a private capacity (i.e.
outside the course of your employment) you may indicate that
your information should not be disclosed to your employer.
However, if your employer subsequently seeks such information
in relation to you and submits evidence to us that you took part
within the course of your employment, we reserve the right to
69
Examination Schedule
UNDERGRADUATE QUALIFICATIONS
Exam Date and Start Time
Professional Diploma in Compliance
Professional Certificate in Complex

Financial Instruments in International
Financial Services
9 January - 9.00am
PDC1
9 January - 12.00pm
9 January - 3.00pm
PDC3
16 January - 9.00am
16 January - 12.00pm
PDC2
16 January - 3.00pm
23 January - 9.00am
23 January - 12.00pm
23 January - 3.00pm
PDC4
07 May - 9.00am
PDC1
07 May - 12.00pm
07 May - 3.00pm
PDC3
14 May - 9.00am
14 May - 12.00pm
PDC2
14 May - 3.00pm
21 May - 9.00am
21 May - 12.00pm
21 May - 3.00pm
PDC4
28 May - 9.00am
28 May - 12.00pm
28 May - 3.00pm
3 September - 9.00am
PDC1
3 September - 12.00pm
PDC3
10 September -12.00pm
PDC2
70
PDC4


Legal and Regulatory Aspects of

Investment Funds


Fund Accounting and Valuation


71
Conference and
Learning Centre
Do you need a venue for

training, a presentation or
other event?
Our Conference and Learning Centre in Dublins IFSC is ideal for
training, meetings, presentations and conferences.
Our flexible, purpose-built rooms can cater for groups of two to
120 people. Our purpose-built auditorium can accommodate a
further 250 people in tiered seating.
Planning an event can be stressful, but our facilities team can
help you to:
Pick the perfect room or auditorium
Organise the event
Plan catering and refreshments, which are provided by our
catering team.
Located in the heart of the citys financial district, the IFSC, our
centre is very close to DART, LUAS, bus, suburban and mainline
train services. A choice of hotel accommodation can be found
on our doorstep, as we are situated between Jurys Inn and The
Spencer Hotel and are within walking distance of many other fine
Dublin hotels.
CUSTOMER SERVICE IS KEY

Our role is to make your event run as smoothly as possible
and to provide first class customer service. To achieve
this, our dedicated and experienced Facilities team are on
hand at all times to meet your every need. We would be
delighted to show you the venue so feel free to make an
appointment (call us direct on +353 (0) 1 611 6551).
Our Facilities Manager will be your point of contact from the
time of your initial enquiry and booking, and will work with
you to ensure that all requirements are dealt with quickly and
professionally.
Our Conference and Learning Centre has three flexible,
purpose built rooms and a 250-seater auditorium, which can
accommodate conferences, workshops, meetings, seminars,
training groups, lectures, classroom situations, presentations and
receptions. Constructed using retractable walls, these rooms may
be used individually or can be opened out for larger groups.
AUDITORIUM
Our purpose-built auditorium can accommodate up to 250
people in tiered seating. It is equipped with a high specification
audio-visual and sound system. It is ideally suited for conferences,
presentations, lectures and seminars.
The auditorium is equipped with:
Touch-screen room-control system (lighting, projector, screen,
sound)
Dual ceiling mounted data projectors
Two ceiling mounted screens
A full audio sound system with lapel, fixed and handheld
microphones
Smart interactive whiteboard
Adjustable automatically controlled lighting
A laptop
A document camera
WiFi
A purpose-built teaching desk
72
Conference and Learning Centre
Our purpose built

auditorium can comfortably
accommodate up to 250
people in tiered seating and
is equipped with a high
specification audio visual
and sound system.
CLASSROOMS
CATERING SERVICES
With retractable walls, these rooms can be used individually or

can be adapted for use together. Depending on the size of your
group and the type of event they can cater for groups of two to
120 people.
Its always important to be able to take a break and relax for a

few minutes at a conference or event. Our atrium is a comfortable
space where people attending a meeting or seminar can take
some time out. Our catering team provides a first-class catering
service, offering a wide range of refreshments throughout the day.
Each room has:
RESTAURANT
Ceiling-mounted data projectors
Our restaurant, which can accommodate up to 300 people, is

open from 7.30am and serves a range of breakfast, lunch and
snack items.
A ceiling-mounted screen
Laptop
Document camera (available on request)
COFFEE DOCK
WiFi
Our coffee dock offers coffee, tea, snacks and a limited selection
of hot food from 7.30am to 6pm.
Purpose built teaching desk

Flipchart(s) and a whiteboard

TAILORED SERVICE
Room Layouts and capacities

Classroom
U-Shape
Meeting
Square
Theatre
Room 1
30
18
20
50
Room 2
40
22
24
60
Room 3
25
14
16
30
We can change the room layouts to meet the needs and size
of your group. For example, we can open up rooms 1 and 2 to
accommodate up to 70 people in a classroom layout.
These rooms are also excellent for receptions. When all three
rooms are opened up, the space can accommodate up to 120
people for a buffet and/or drinks.
We can serve refreshments throughout the day in the meeting

rooms or the breakout areas. We can also cater for:
Executive lunches
Dinners
Buffets
Canap and drinks receptions.
HOW TO BOOK
If you would like to make a booking, view our facilities or enquire
about rates, please get in touch with:
Bernadette Fagan
Facilities Manager
IFSC
1 North Wall Quay
Dublin 1
T: +353 (0) 1 611 6500
E: learningcentre@iob.ie
W: www.iob.ie
Conference and Learning Centre
73
Notes
74
Notes
75
Notes
76
77
Qualifications* 2015/2016
Undergraduate
Qualifications

Professional Certificate in Operational Risk Management
Professional Certificate in Complex Financial Instruments in
Postgraduate
Qualifications

MSc in Compliance
Executive
Education
* When you complete one of our qualifications, you receive your academic award from UCD.

International Financial Services 2015 2016

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International Financial Services 2015 2016

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Prospectus 2015/2016

International Financial Services

The College of Professional Finance

The Institute of Banking

The Institute of Banking

40 | Professional Diploma in Applied Alternative Investments

04 | About your Institute

44 | Professional Certificate in Financial Crime Prevention

07 | Funding available through Summit Finuas Network

46 | Professional Certificate in Data Protection

48 | Graduate Diploma in Financial Services / MSc in

09 | Roadmap to Qualifications 2015/2016

10 | Professional Designations - your badge of excellence

14 | Professional Certificate in Investment Fund Services

58 | Certified Investment Fund Director

18 | Professional Certificate in Operational Risk Management

in Investment Fund Services

62 | Frequently Asked Questions

Operations in Financial Services

Welcome to our first dedicated

OUR MISSION FOR YOU

The Institute of Banking

With close to 30 years expertise

With a suite of programmes in funds, compliance and complex

It is for this reason I am very pleased to introduce the first

About your Institute

The Institute of Banking

Our executive and specialist programmes are designed for

About your Institute

The Institute is a leading professional education body for those

Professional designations are a recognition of educational

We are a recognised college of University College Dublin (UCD).

Certified Data Protection Officer

About your Institute

About your Institute

As a student, you can use our online My Institute, which gives

You benefit by obtaining academic awards from UCD and

Our comprehensive and cost-effective CPD programme includes:

You benefit from the relevance, range and flexibility of our

The Institute of Banking

About your Institute

Funding available through

Courses have ranged from specialist workshops in Solvency II

FOR FURTHER INFORMATION YOU CAN CONTACT

Funding available through Summit Finuas Network

Committed to meeting the evolving needs of

Professional Certificate in Operational Risk

For more information

Professional Certificate in the Principles

For more information

Professional Diploma in Applied

For more information

The Institute of Banking

Professional Certificate in Investment Fund Services

Professional Diploma in Applied Alternative Investments

Certified Investment Fund Director

WHAT ARE THEY?

WHY ARE THEY IMPORTANT?

Professional designations are a

The Institutes programmes and the designations leading from

Holders of designations are entitled to

Designations are important because they meet the expectations

The Institute of Banking

Professional Designations your badge of excellence

48 | Graduate Diploma in Financial Services / MSc in

18 | Professional Certificate in Operational Risk Management

Certified Data Protection Officer

Discuss the major fund manufacturing jurisdictions and the

Describe the various functions and parties to an investment

Describe the legal and regulatory framework in which the fund

01 Legal and Regulatory Aspects of

Key operational risks in fund accounting, transfer agency and

Information security, IT resilience

Business continuity planning

Investment Fund Services compliance and risk professionals

Lawyers working in asset management and investor

A thorough understanding of the key practical and relevant

An understanding of operational risk frameworks, measurement