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Compliance and Risk Officer Apprenticeship (Level 3)

Compliance and risk officers are essential in ensuring that organisations, particularly within the financial services sector such as insurance and banking, adhere to legal and regulatory standards while managing potential risks. They support businesses in meeting financial legal obligations through risk and assurance checks, fostering a culture of compliance, and providing guidance on best practices.

Ideal for those embarking in their Compliance/Risk career this apprenticeship will help embed technical knowledge into every day practice.

Developed in partnership with globally recognised institutes and organisations of all sizes, a Kaplan Banking and Financial Services apprenticeship is anything but standard.

Ideal for those working within a, usually FCA, regulated environment, who are in the early stages of their career for spotting risk and compliance issues. If you do work in a different sector and wish to utilise this standard you can only do so if the individual is involved in financial compliance - such as fraud risks, anti money laundering etc.

The ICA pathway has strong links to financial services and therefore provides better value in this sector.

There is also a focus within the standard on green finance.

This apprenticeship will benefit individuals who are entering the world of risk and compliance. Individuals on this programme will typically be employed in roles such as Risk Officer, Fraud Investigator, Compliance Officer.

One of the key things to success is that the job role and Line Manager provide the opportunities, support and relevant work based projects to be able to contextualise and apply the apprentice’s learning back in the workplace, to gain real competency in that area.

An apprentice’s journey doesn’t end when their apprenticeship has finished. This is just their first step in establishing a full career in Compliance and Risk. Individuals may choose to progress onto a Level 6 Senior Compliance and Risk Specialist Apprenticeship.

Regardless of age or prior attainment, anyone can do an Apprenticeship provided they’re learning new skills and are employed in England, in a relevant role. Individuals on this programme must not have an existing Advanced Certificate in ICA or a higher qualification. Kaplan will support you to assess the job role suitability as part of your application.

To do this apprenticeship, employers may specify that candidates have at least a grade 5 GCSE (or equivalent) in Maths and English.

If apprentices don’t have this level of Maths and English, Kaplan offers free resources and support to make sure they develop their understanding and application of these subjects by the end of the apprenticeship. Learners starting their apprenticeship without Level 2 in maths or English will complete a Level 1 Functional Skills qualification.

Level

Level 3

Apprenticeship

Compliance and Risk Officer

Qualifications

Mandatory ICA qualification options:

  • International Advanced Certificate in Anti Money Laundering
  • Advanced Certificate in Governance, Risk and Compliance

Optional Microsoft Office Specialist Certification

Durationinfo_outline

15 months practical learning 5 Months End Point Assessment

Costs / funding band

£11,000
Membership fees for ICA to be paid outside of the levy.

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About the programme

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Workbased learning

Our programmes provide a structured, applied learning route that ensures learning and skills are directly applied to the role and maximises the time used as part of off-the-job training.

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Keep your business running effectively

Individuals on this programme will develop a sound, working knowledge of the processes and procedures required in their role to prevent legal, compliance, or regulatory issues within the organisation.

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Support and insight for managers

We have robust processes and reporting in place to ensure you and your line managers have all the insight needed to help your apprentices progress and succeed.

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Support for apprentices

Each learner has regular 1:1 contact and progress reviews to keep them on track, review their portfolio, and get them fully prepared for their final assessments.

Included in this apprenticeship

Our Compliance and Risk Officer apprenticeship integrates modules of technical training with work based experience. This ensures that learning and skills are directly applied to the apprentice’s role, and maximises the time used as part of off-the-job training.

For each module, learners benefit from attending small, scheduled Live Online classes taught by a subject matter specialist. Each apprentice will also have access to online materials which they will be directed to use. Classes are interactive and discursive, giving apprentices quality time with tutors and sector peers to support the development of their knowledge and skills and bring new perspectives to their thinking.



ICA Qualification pathways

Develop technical knowledge working towards the ICA Professional Qualification, with a choice of relevant pathways depending on the individual role and employer.

International Advanced Certificate in Anti Money Laundering

Gain a deeper understanding of money laundering and terrorism financing, including the relevant frameworks, sanctions, regimes, and requirements.

ICA International Advanced Certificate in Governance, Risk, and Compliance

Gain in-depth knowledge and specialist skills to manage regulatory risk and develop a deep understanding of how regulatory compliance management can protect your firm.

ICA Workshops

As part of the programme, apprentices will get to take part in public workshops with the International Compliance Association (ICA), comprising of:

  • A 6 month course assessed a Multiple Choice Question style assessment and one written assignment.
  • Guided online studies and live participation sessions, including a virtual classroom, immersive learning scenario, and two assessment preparation sessions.
  • Videos covering the latest industry developments and case studies.
  • Access to the ICA members’ portal, containing additional reading and resources.
  • Proactive support to keep learners on track.

Our dedicated Talent Coaches work with the apprentice and their line manager to ensure they have the statements and case studies required to demonstrate full competence and integration of technical knowledge.

Skills development

To complement the technical training, apprentices will develop sector relevant skills at the right time for their job role.

Areas of focus for this apprenticeship include communication, delivery of services, analysis, problem solving, and continuous improvement. Apprentices will have a higher level of competence and confidence to assess potential Risk / Compliance issues and be able to make recommendations to key stakeholders.

Through discussion with their talent coach and line manager, apprentices will be directed to skills resources at the most optimal point in their programme and depending on the specific needs of their job role. Their talent coach will then support the ongoing development of these skills in the workplace during progress review meetings.

Microsoft Specialist Skills

Microsoft products, over 100 hours of online tuition supports learners in preparing for Microsoft accreditations. Globally recognised, our tuition and exams available at Associate and Expert levels will equip apprentices with the skills to unlock the potential of Microsoft Office products.

Available in a range of skills areas relevant to the apprenticeship standard including: cyber security, spreadsheets and presentation software.

date_range Timetables

We run four intakes per annum for this standard as follows:

Intake one

Apprenticeship application deadline for this cohort is January 10th.

The apprenticeship programme will commence in March.

Intake two

Apprenticeship application deadline for this cohort is April 10th.

The apprenticeship programme will commence in June/July.

Intake three

Apprenticeship application deadline for this cohort is July 5th.

The apprenticeship programme will commence in August/September.

Intake four

Apprenticeship application deadline for this cohort is October 10th.

The apprenticeship programme will commence in November/December.

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Why choose Kaplan?

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Leaders in our field

Banking and Finance apprenticeships are developed in partnership with some of the UK’s leading retail banks, insurance, wealth management and investment firms.We understand the requirements of organisations, big and small, working in an FCA regulated environment.

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Future facing

Our programmes and support tools are developed with market leading employers. We understand the current and future needs of the industry and how to equip individuals to be ready for change.

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Comprehensive learning

Learners attend scheduled classes involving lots of practical discussion and application. Our programmes provide a varied learning experience to give learners the knowledge they need and to ensure they meet the latest standards of the industry and organisation.

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Expert teaching

Our tutors are all subject matter experts, with real world experience, and teach groups of diverse like minded learners from organisations across the UK.

Support for employers:

  • Named client solutions point of contact to support you at every stage.
  • Recruitment service to help you hire an apprentice for a new vacancy.
  • Transparency throughout the application and onboarding process for your learners.
  • Sector expert tutors and talent coaches delivering relevant training and development.
  • Learning that is applied to your organisation through work based experience.
  • Accurate, timely and accessible tracking for each learner.
  • Line Manager visibility of your learner’s portfolio dashboards.

Support for learners:

  • Tutor contact via email outside of scheduled classes.
  • Regular 1:1 contact and progress reviews with their line manager and a named, industry experienced talent coach to keep them on track, review their portfolio and get them fully prepared for their End Point Assessment.
  • Peer to peer contacts from across the industry as part of a small cohort - creating opportunities to spark new ideas and get new perspectives.
  • Apprenticeship ePortfolio to track their progress, capture off-the-job activity and hours, manage and capture progress reviews, upload evidence, as well as communication with their Talent Coach.
  • Student Service support available 362 days a year.
  • Work based projects and support from a line manager to be able to contextualise and apply their learning back in the workplace.

20+ years

We're a leading apprenticeship specialist with 20+ years' experience.

Expert tutors

Qualified, expert tutors train over 10,000 apprenticeships each year.

Highly rated

Rated as a top 50 apprenticeship provider by Rate My Apprenticeship.

Recruit and upskill

We can work together to help you recruit new staff or to upskill existing staff. Get in touch to find out how we can help.

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