Financial Services Compliance Administration
|Duration:||2 Semesters (8 Months)|
|Start Dates:||Fall, |
Start dates are subject to change
|Credential Awarded:||Ontario College Graduate Certificate|
If topics such as law, politics, international relations and global finance interests you, and you're looking for a challenging and rewarding career with one of Canada's financial services institutions or with a government regulatory agency, consider the graduate certificate program in Financial Services Compliance Administration.
Compliance administration is a fast growing field in the financial services industry. Monitoring the activities of securities and mutual fund dealers to ensure that they are working in the best interests of their clients is now recognized as a core requirement for all financial institutions.
The development and administration of risk management programs that ensure financial institutions are in compliance with government anti–money laundering and terrorist–financing regulatory programs is becoming increasingly important in the emerging marketplace of global financial transactions. Compliance is the critical first step in fraud prevention.
In this program, you will take courses that will enable you to qualify for the Canadian Securities Course (CSC) licensing examinations. As a student, you will register with the CSI at an additional cost.
- A recognized degree or post secondary diploma from an accredited institution; OR
- Mature Student Status (age 19 or older) with 3 to 5 years of documented work experience in a related field. Relevant references must be provided.
- English proficiency at the college level.
- Although not required for admission, students are required to be highly literate and have a facility for mathematics and financial concepts.
- Superior communication and analytical skills are also necessary. Prospective students may be required to undergo testing to assess literacy skills.
The Importance of Learning Skills:
Student success in college requires well developed learning skills (such as being able to work independently, participate in a team, be well-organized, develop good work habits, and show initiative). These skills are as important as prior academic achievement. While it is expected that applicants would have developed these skills through previous education and life experiences, Seneca offers support to assist students with further development of these important skills. Seminars, workshops and tutoring are available at Seneca's Learning Centres.
The International Monetary Fund (IMF) estimates the total amount of funds laundered is in the range of $900 billion to $2.25 trillion (Source: October 2008, Royal Canadian Mounted Police, Money Laundering).
White–collar crime is increasing and with the increase in identity theft, money laundering and securities fraud, the need for compliance and risk management professionals is growing. Specialize in Financial Services Compliance Administration with this eight–month intensive program for professionals and graduates of related post–secondary programs. Focus your skills and enhance your career opportunities in risk management and regulatory compliance. You could soon find yourself with a rewarding career in the banking, insurance and securities sectors.
Field Placement/Industry Project
The Financial Services Compliance Administration program does more than just equip graduates with the tools of the trade. It provides you with the opportunity to gain important Canadian job experience. All students are required to complete a compliance administration field placement or industry project with a financial services institution as part of their program requirements. A field placement co–ordinator will work with you to match you with placement and/or project opportunities within a variety of institutions. Upon completion of the program, you will have begun the important first step in the networking process that is critical to finding the position to launch a career as a financial services compliance administrator.
Diploma to Degree... and Beyond
Through transfer agreements and institution partnerships, graduates of this Seneca College program may be eligible for credit at the following post-secondary institution(s):
|Davenport University||• Any relevant Bachelors or Master of Business Administration|
|Semester 1||Course Name||Hrs/Wk|
|FCA102||Anti-Money Laundering Administration||4|
|FCA111||Law and Governance||3|
|FCA120||Financial Services Product Knowledge||3|
|FCA125||Understanding Investments and Investment Strategies||4|
|FCA151||Project Management and Policies and Procedures||3|
|Semester 2||Course Name||Hrs/Wk|
|FCA202||Privacy Management and Identity Theft||3|
|FCA210||Risk Management and Market Conduct||3|
|FCA221||Compliance Communication and Complaints Management||3|
|FCA225||Investment Strategies and Tactics||4|
|FCA295||Regulatory Compliance Administration||3|
|FCA231||Ethics/Professional Conduct and Liability||3|
|Domestic Admissions Advisor:||Judy Chung
Telephone: (416) 491-5050 Ext. 22127
|International Admissions Advisor:||Susan Gao
Telephone: (416) 491-5050 Ext. 22365
|Registration & Records Advisor:|
Telephone: (416) 491-5050 Ext. 22449
|Student Advisor:||Pana Mitusev
Telephone: (416) 491-5050 Ext. 26216
|Program Coordinator:||Samky Mak
Telephone: (416) 491-5050 Ext. 26872
|Associate Chair:||Jeff McCarthy
Telephone: (416) 491-5050 Ext. 26722
|Program Chair:||Karen Murkar
Telephone: (416) 491-5050 Ext. 22337
“In Canada's financial services industry, risk compliance planning and compliance management are growing in importance. The reputation of every financial firm, regardless of size, depends on effective compliance systems and effectively implemented internal policies and procedures. Ongoing compliance training has become an essential, valueadded service to all relevant employees of reputable firms. Seneca's Financial Services Compliance Administration (FCA) program offers training that is valuable to anyone wishing to pursue efficiency in the field of compliance and its multiple aspects.”
Vice President and General Counsel
Canadian Life and Health Insurance Association
“Enrolling in Seneca’s Financial Services Compliance Administration Program was one of the best decisions I have ever made. As a student fresh out of university, the hands-on and practical teaching methods gave me the tools to succeed in the real world. The Professors did more than just teach- they brought their own working experiences into the classroom and gave us practical insights along with useful industry information that is hard to come by in traditional university programs. The classes were small which made it incredibly easy to access any of our professors on a one-to-one basis. My favorite part of the Program was getting the chance to meet corporate executives who gave us invaluable industry insights and tips on how to succeed as compliance professional. I truly enjoyed my experience taking this program as it exposed me to a range of compliance courses from anti-money laundering/terrorist financing to law and corporate governance. I recommend this program to anyone who wants to excel in the burgeoning area of financial services compliance.”