Digital Transformation

The Financial Regulation Innovation Lab (FRIL) is delighted to launch the first of its microcredential portfolio, Digital Transformation, with a focus on risk and compliance. The objective of this short course is to assist industry practitioners to develop their understanding of digital transformation and consider the role those technological advancements, such as AI, are playing in disrupting risk and compliance in the finance industry.

This short course will guide participants to understand how technology can enable the formulation of a clear strategic vision and planned approach to streamlining regulatory and compliance processes whilst reducing risk to the organisation. 

About the Course

Delivered over six weeks, participants will engage in self-directed learning via online, pre-recorded lecture materials and activities at a time which suits their schedules. To complete each of the undernoted four online elements of this course will require around two to three hours per week.

• Definitions and Impacts of Digital Transformation
• Developing Digital Capability
• Leading Digital Organisational Change
• Making Priority Digital Recommendations

 

On Campus Regulatory Capstone Session

Upon completion of the online elements of Digital Transformation, participants will be invited to join us for a one day, in-person campus session, which will be delivered in three parts:

• Consolidation: Participants will explore why a planned approach to digital transformation is an important aspect to enabling the application of automation to simplify regulatory compliance. This approach will allow practitioners to develop an understanding of how to manage the challenges and risks which automation brings.
• Demonstration: Participants will hear from practitioners who have successfully navigated those challenges and they will provide participants with useful insights from what they have learned through exploring the challenges, benefits and impact of the adopted solution.
• Application: The session will end with participants getting the opportunity to consolidate this learning by putting what they’ve learned into practice. In groups, they will focus on a client case study, research options to resolve the challenges faced and present their recommendations to the client.

 

Target Audience	This short course has been developed for practitioners in the finance sector, particularly those working within risk and compliance.
Fee	£750
Duration of Study	6 weeks: online study followed by one day in person.
Delivery Dates	Various – once we have sufficient expressions of interest, you will be invited to register for the course. To express your interest or if you have any further questions, please email michael.cullen@strath.ac.uk.
Delivery Mode	Blended – Online, self-directed followed by in-person.
Credits and  Certification	Participants who complete the online and on-campus elements of the course, including assessment, will receive 10 credits at SCQF Level 11.

The first delivery of this course has passed but we’ll maintain expressions of interest and run it again if there is interest

 

 

AI Literacy Suite

The Financial Regulation Innovation Lab (FRIL) is delighted to introduce its suite of AI short courses, with a focus on risk and compliance. There are five courses available in the suite, each of which is worth 10 academic credits at postgraduate level.  The objective of this suite is to develop knowledge and capability from foundation to expert level, as well as offering a stand-alone course for executive level participants to develop an understanding of the origins of AI, recent technological developments and the risks and controls required when integrating AI into business systems. 

About the Course

Delivered over six weeks, participants will engage in self-directed learning via online, pre-recorded lecture materials and activities at a time which suits their schedules. To complete each of the online elements of this course will require around two to three hours per week. Participants can join the course at the level which they feel matches their experience and work towards Expert level. For those with executive level positions, there is a stand-alone class The skills team are happy to provide details of the content of each course to ensure you are registered at the correct level.

 

 

In-person Consolidation Session

Upon completion of the online elements of each course, participants will be invited to join us for an in-person session, to participate in activities which will help consolidate what you have learned from the online aspects of each course.

Fee	£750 for each of the following:  AI Curious, AI Explorer, AI Enthusiast, AI Expert £1200 for AI for Executives
Duration of Study & Delivery mode	Each course will last around 6 weeks: There will be a number of activities to be completed over the course of 4 weeks of online, self-directed learning followed by an in person, consolidation session.
Delivery Dates	Various from Autumn 2024– once we have sufficient expressions of interest, you will be invited to register for the course. The first courses to launch are AI Curious and AI for Execs.  To register your interest or if you have any further questions, please email michael.cullen@strath.ac.uk.
Credits and  Certification	Participants who complete the online and on-campus elements of the course, including assessment, will receive 10 credits at SCQF Level 11. The skills team are currently exploring stacking credits towards a postgraduate qualification, such as a PG Certificate.

 

The Financial Regulation Innovation Lab (FRIL) is delighted to introduce its short course, Grand Challenges of ESG for Executives, which will consider the challenges from a strategic perspective and the role of the board in understanding and mitigating a wide range of risks in relation to risk and regulatory compliance. This course is worth 10 academic credits at postgraduate level. 

About the Course

The short course will provide a broad overview of governance topics and challenges faced by organisations.  Participants will engage in self-directed learning over the course of 4 weeks via online, pre-recorded lecture materials and activities at a time which suits their schedules.

The time required to complete each of the undernoted four online elements of this course is estimated to be around one to two hours per week.

• Overview of Governance: Perspective, Nature and Context, and the underlying principles of governance
• Strategic Perspective: Leadership, risk and compliance, and the role of the Board in setting organisational strategic direction.
• Culture, Ethics and Social Impact: the role of values, CSR, and ethics in business which impact governance.
• SDGs, measures, and environmental impact: The Road to Net Zero. Impact of SDGs and using data to measure environmental impact.

 

In-person Consolidation Session

Upon completion of the pre-recorded elements of the course, participants will be invited to join us for a half-day session, potentially online, which will focus on Strategic Perspective including Board responsibilities, the role in managing risk and compliance in relation to ESG, ratings agencies, measuring impact and materiality. It is anticipated that this session will be arranged for early October. All participants will be consulted on proposed dates.

Target Audience	This short course has been developed for senior practitioners in the finance sector, particularly those working within risk and compliance.
Fee	This course is usually offered at £1200 per participant. If there are funding opportunities available, we may be able to offer this course at a discounted rate.
Duration of Study & Delivery mode	Each course will last around 6 weeks: There will be a number of activities to be completed over the course of 4 weeks of online, self-directed learning followed by an in person, consolidation session.
Delivery Dates	The Autumn 2024 course is currently in delivery. However, if you wish to register for future delivery, please register your interest by emailing michael.cullen@strath.ac.uk. If you have any further questions, please do not hesitate to contact us.
Credits and  Certification	Participants who complete the online and on-campus elements of the course, including assessment, will receive 10 credits at Masters level (SCQF 11).

In line with the demand-led principle on which FRIL is premised, the optimal impact from the skills development programme will occur when there is close collaboration between academia and industry. We envisage a number of levels of engagement with industry and these are set out below, with time commitments outlined for guidance purposes:

Engagement Level (in increasing order of involvement)	Description	Time Commitment across a Quarter (Full-Time Equivalent (FTE) basis – can be shared across multiple people)
Reviewer	Review skills gap analysis at a quarterly employer forum, attended by circa 20 to 30 stakeholders, as well as reviewing and discussing proposals for targeted microcredential development. Development will be aligned with each of the innovation challenges identified and research white papers developed. Skills team will provide written response on how proposals have been progressed and proposed timescales for content delivery. Potential reviewers: compliance officers; regulatory professionals; risk analysts; risk managers; technologists; HR learning and development executives; senior managers and executives.	1-2 working days
Contributor	Work as a part of a technical expert group or skills sub group to provide detailed input through discussions with the academic and skills team into the design of the microcredential content framework. Contribute to surrounding discussions, such as learning outcomes, delivery models, assessment and minimum skills requirements related to participants. Contributions will be explicitly acknowledged as part of each microcredential framework design. Assist with the promotion of microcredentials within own organisation as well as wider network. Potential contributors: compliance officers; regulatory professionals; risk analysts; risk managers; technologists; HR learning and development executives.	1-3 working days
Co-Creator	Work as a content co-creator with the academic delivery team, contributing directly to the creation of course content. This may include developing content planners, designing supporting teaching materials such as PowerPoints, collaborating with the digital learning team to develop pre-recorded short lectures for use in blended learning delivery, reviewing and approving content, content delivery or guest lecturing. Co-creator contributions will be explicitly acknowledged and in line with company policy.  Potential co-creators: compliance officers; regulatory professionals; risk analysts; risk managers; technologists; HR learning and development executives; global practitioners.	Content Creation: 4 working days   Content Delivery: 3 working days

Academic Quality

FRIL will follow normal conventions for the approval, development and delivery of high-quality academic materials and participant experience, through alignment with University academic regulations, policies and quality assurance practices.