FINANCE

Certified Community Bank Compliance Officer (CCBCO)

•  CCBCO is a broad certification program that is ideal for U.S. community banks. The program covers the areas of regulatory compliance a community bank Compliance Officer is accountable for.
• The program can cost anywhere between $395 — $3,995.

Certified Regulatory Compliance Manager (CRCM)

• The program requires three years of experience as a financial compliance officer and is best suited for officers willing to enhance their skills or credibility. The program covers risk assessment, audits, U.S. federal laws and regulations, etc.
• The program costs $275 per year. Additionally, $750 has to be paid for taking the CRCM exam. For retaking the exam, it costs $450.

Certified Anti-Money Laundering Specialist (CAMS)

• AML compliance officers “prevent money from flowing to and from criminals, terrorists, and others designated by the authority”. In order to be eligible, candidates must have prior experience and fulfill other requirements.
• The program costs $295 — $825 for private-sector professionals and $195 — $525 for those working in the public sector.

HEALTHCARE

Certified in Healthcare Compliance (CHC)

• The CHC program helps the officers in addressing the legal obligations and organizational integrity of healthcare. The program is suitable for active professionals looking to enhance their credibility and skills. Prior work experience is required to take up the program.
• It costs $275 to $375.

Certified Medical Device Compliance Professional (CMDCP)

• The program aims to provide compliance and regulatory training to ensure an officer is able to fulfill all the responsibilities as a CMDCP. The program covers topics such as quality and manufacturing concerns to product design, clinical trials, validation, and regulatory filings.
• The program costs $495.

IT GOVERNANCE AND COMPLIANCE

Certified in Risk and Information Systems Control (CRISC)

• The program covers topics such as IT risk identification, IT risk assessment, and risk monitoring. It ensures a successful career in IT and enterprise risk management.
• The program costs $595 to $725.

ITIL Program

• “The ITIL program encompasses the breadth and depth of ITIL processes and practices across all ITIL disciplines”. It is classified as foundation, practitioner, intermediate, expert, and master. The program covers all aspects of IT governance and compliance and is meant for serious candidates alone.
• The program costs $4000 and includes all the sub-programs.

RESEARCH METHODOLOGY

High-tech Training

• The rapid technological advances reduced the cost of technical resources, including augmented and virtual reality, which are significant for compliance training involving inherently risky skills.
•  Artificial intelligence and natural language processing have eased the customization of training with the automatic serve up of compliance training content specific to role and location. 
• According to Tom Bingham, author of The New Social Learning, the ubiquity of mobile devices has necessitated that compliance training matches our lifestyle of mobility.
• Technology has digitized the workplace, making the web as a means of finding instant information more popular. About 70% of employees turn to search engines for learning purposes.
•  E-learning, a system that relies on technological devices and the internet, is a suited means of providing cost-effective compliance training.
• Today's cutting-edge technology has eased compliance training by ensuring that the delivery of training is done through multiple platforms, including mobile, and providing ongoing support. 

Personalized Training

• The dynamics in compliance have necessitated a shift from one-size-fits-all training to more personalized compliance training.
• Personalized training involves customizing learning plans and approaches to the need, skills, and interests of each employee. It also focuses on each employee's problem area or areas in which they need improvement.
• Personalized training increases employees' engagement with the benefit of meeting and exceeding long-term goals for organizations.
• Personalized training has the benefit of encouraging compliance officers' to appreciate training as something beneficial to their personal development.
• Personalised content suggested in a manner similar to the likes of Hulu, and Netflix plays a fundamental role in improving employees' output in the learning environment.

Gamification of training

• Gamification of training is a type of employee incentive used to improve engagement and to changing attitudes towards learning in working environments.
• Gamification of training is the applying of gaming concepts during training for learning by building a progressive reward system.
• Gamification of training is a new trend aimed at improving information retention among workers by encouraging active engagement with the learning materials. This is because when employees play games, they engage with the learning materials beyond reading a PDF.
• Gamification of training presents the opportunity for encouraging healthy competition and motivation, and thus training is hastened and to a high standard.
• Gamification, according to a study by Garner — 'Gamification 2020', has a positive impact when combined with other emerging and evolving trends.

Research Strategy