Financial education course launched through UCM

Two-year course combines various qualifications

The Isle of Man Financial Services Authority has announced a new partnership with University College Isle of Man (UCM).

It's hoped the new course on offer will 'support the delivery of in-demand training and education in business administration, compliance, and anti-money laundering'.

The course combines the City and Guilds Level 3 Diploma in Business Administration, with Microsoft Office Specialist (MOS) and International Compliance Association (ICA) qualifications.

The full-time, two-year course is tailored towards people seeking to work in business support roles, or those wishing to improve their administrative and supervisory skills.

Ashley Whyte, Head of the Authority’s AML/CFT Supervision Division, said: "This is an example of how the Authority is working collaboratively with other agencies to enhance compliance skills in the Isle of Man. 

"The UCM course provides an opportunity to learn the fundamentals of business administration, while gaining an insight into the world of compliance and AML from regulators and industry professionals. We are proud to support this initiative and hope to play a part in its continued success."

Joanne Richardson, UCM Vice Principle – Quality and Curriculum, added: "We listen to Island employers about the workplace skills they need to recruit in order to grow and flourish. 

"Where possible we aim to offer courses to help meet that demand, while equipping people with qualifications that boost their career prospects. We are grateful for the support provided by the Authority, which will give real relevance to this course, as well as practical assistance to the students."

City and Guilds Level 3 Diploma in Business Administration is on offer as part of the UCM prospectus for the next academic year, starting in September 2024. Further details are available on the UCM website, including a short video explaining the contents of the course.