ICA Singapore

ICA and ICTA's (ICA's approved training provider) Asia Pacific regional presence is in Singapore, with an office located at the heart of the financial district.Our presence in the region is a direct response to the continued and rapid development of this leading financial centre and the increased need for training and qualifications in compliance and anti-money laundering.

ICA is the government appointed Lead Provider of Financial Industry Competency Standards, accredited training and assessment programmes in the field of compliance in Singapore.

International Compliance Association (Singapore) wins 2013 FICS Inspiring Educator Award

About the Parties

The ICA qualifications are offered in association with the Manchester Business School, The University of Manchester (MBS) under a quality assured educational partnership. MBS is the largest campus-based business and management school in the UK. It provides world-class business and management education to undergraduates, postgraduates, experienced practitioners, and those with serious academic and research ambitions. It is an international and progressive school, delivering cutting edge business thinking and teaching, informed by the contemporary commercial environment.


MAS is the central bank of Singapore. It formulates and executes Singapore's monetary policy, and issues Singapore currency. As banker and financial agent to the Government, MAS manages the country's official foreign reserves and issues government securities. As supervisor and regulator of Singapore's financial services sector, MAS has prudential oversight over the banking, securities, futures and insurance industries. It is also responsible for the development and promotion of Singapore as an international financial centre.


The Institute of Banking and Finance Singapore (IBF) was established in 1974 as a not-for-profit industry association to foster and develop the professional competencies of the financial sector. IBF represents the interests of close to 200 member financial institutions, covering banks, insurance companies, securities brokerages and asset management firms. IBF has worked with the Monetary Authority of Singapore (MAS) and the financial industry to promote continuous learning and the highest standards of workforce competency.

IBF is currently the national accreditation and certification agency for financial industry competency in Singapore. The IBF Standards (previously the Financial Industry Competency Standards or FICS) represent a set of competency standards developed by the industry, for the industry. It provides a practice-oriented development roadmap for financial sector practitioners to attain the necessary training to excel in their respective job roles.

Covering 13 industry segments spanning more than 50 specialisations, the IBF Standards offers a comprehensive suite of accredited training and assessment programmes to guide a financial sector practitioner from licensing examinations on through to certification across 3-levels: IBF Qualified (for new entrants); IBF Advanced (for senior practitioners and specialists); IBF Fellows (for industry veterans). An IBF-certified practitioner is one who epitomizes the values of professional excellence, integrity and a strong commitment to industry development.

The IBF Standards accreditation process comprises independent reviews of a training provider’s ability to conduct programmes that meet industry standards. IBF accreditation serves as an industry-endorsed mark of quality for training and assessment for the financial industry.

The Singapore Workforce Development Agency (WDA) seeks to enhance the employability and competitiveness of our workforce to meet the changing needs of Singapore’s economy. Working with industry, unions, employers, economic agencies, professional associations and training organisations, the agency’s efforts are targeted at supporting industry growth by building a pipeline of workers through training and skills upgrading, and raising industry standards through enhancing manpower capabilities.

WSQ, or the Singapore Workforce Skills Qualifications, is a national credentialing system that trains, develops, assesses and recognises adult workers for competencies they need to stay employable and competitive. With clear progression pathways, workers and professionals can use WSQ to upgrade their skills and plan their careers. Training and assessment are competency-based, thus ensuring that people who are certified under WSQ are able to perform their job according to industry-defined standards. Experienced and competent individuals, however, can opt for WSQ certification without training. The quality of WSQ is assured by WDA, from the development of competency standards, accreditation of training providers to the award of its qualifications.

The WSQ has made it into the Singapore Standard Educational Classification (SSEC). The SSEC is the national standard for classifying educational programmes and qualifications. It is overseen by the Department of Statistics (DOS), our national authority on statistical standards. SSEC signifies the recognition of WSQ as a national credential, not unlike other credentials such as those awarded by post-secondary educational institutions.

ISACA (previously the Information Systems Audit and Control Association) is a world wide association of IS governance professionals. The association provides globally recognised certification in assurance (Certified Information Systems Auditor), security (Certified Information Security Manager), governance (Certified in the Governance of Enterprise IT) and risk (Certified in Risk and Information Systems Control).

ISACA membership is open to all professionals in the areas of Information systems audit, security, risk, and governance. Our membership reflects a multiplicity of backgrounds and skills that make the information systems governance field challenging and dynamic.

ISACA Singapore Chapter sponsors local educational seminars and workshops, conducts regular chapter meetings, and helps to further promote and elevate the visibility of the IS audit, control and security profession throughout the area.

Our chapter is run by volunteers who are ISACA members nominated through ISACA Annual General Meeting (AGM).