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.
Details:
| Target Audience |
This short course has been developed for practitioners in the finance sector, particularly those working within risk and compliance. |
| Fee |
FRIL is delighted to be able to offer a limited number of fully funded places to applicants living in Scotland. This funding is provided through the upskilling fund provided by the Scottish Government and the Scottish Funding Council. To secure a funded place, early application is advised or a fee will apply. Register your interest at sbs-upskilling@strath.ac.uk. Please feel free to contact us if you require further information. |
| Duration of study |
6 weeks: online study followed by one day in person. |
| Delivery dates |
Course materials will be available to participants during March and April for self-directed study. This will be followed by in person delivery of a one-day, in-person session on campus in late April, early May. |
| Delivery mode |
Blended. |
| 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. |
