• SKILL LEVEL:
  • Proficient

Financial services compliance specialist

Specialism: Risk management

What is a financial services compliance specialist and what do they do?

A financial services compliance specialist monitors the accounting, investment and lending operations at financial institutions to ensure that they are compliant. They monitor new developments in financial regulation, assess how new rules may affect the institution and advise senior management on how to revise policies and processes to adhere to the updated regulations. Specialists will also identify and analyse risk areas, as well as ensuring the organisation acts within the law.

Capabilities

While the accountancy profession offers diverse career options and paths, the core capabilities required to perform at the highest standards remain the same - irrespective of skill level or job role.

Collaboration Digital Drive Ethics Expertise Insight Sustainability
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Continuing professional development at ACCA

A commitment to life-long learning is a vital part of your ACCA membership; it unlocks the full potential of your career choices - and drives forward the profession.

We deliver a wide range of CPD resources tailored to different areas of expertise - and an ever-changing profession. Our, and your, commitment to quality CPD ensures you will have the most up-to-date skills to perform at the highest standard. 

So, get started (or restarted) and take a look at our curated list of the most relevant CPD resources to secure and succeed in this role.

units 4

Online course

Practice update: regulatory compliance

Being a good accountant means going beyond just complying with standards, there is also the matter of the law! It’s crucial for you to stay up to date with a range of legal aspects. This is especially true for the UK's regulatory framework concerning anti-money laundering, counter terrorist financing, and anti-bribery, as well as data protection.

This course looks at each of these areas and, by considering the policy-making framework, the role of the regulator and law enforcement, helps you protect your practice and your clients. The course is an overview of regulatory compliance, it is not advisory. It also covers data protection regulations concerning how you remain compliant when managing and collecting data.

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units 19

Online course

IFRS banking complete pack

This pack contains courses specifically on IFRS for the banking industry; it focuses on specific complex and changing IFRS themes which have been tailored to meet the needs of this industry. It also covers emerging topics. As banks are currently preparing for the implementation of IFRS 9, there are several modules around this theme. This pack is for you if you work in the banking industry or would like to become more familiar with the operation and accounting of a bank.

Find more CPD resources on ACCA Learning

How does the ACCA qualification prepare you for this job role?

From a combination of exams, ethics and experience, the ACCA Qualification will boost your employability and performance at every stage of your career journey.

Here we have listed some elements of the ACCA Qualification that will help you perform at the highest standard in this job role.

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Case study for this role

From AB magazine interview

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The view from Anthony Larkin FCCA

Compliance and risk manager for crop protection, BASF, Germany, and rugby devotee
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