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GRC Professional : GRC Spring 2011
39 39 why i completed ACi accreditation Prue weaver, senior manager regulatory affairs at westpac Banking corporation, shares her experience of gaining acI accreditation “My Associate level was granted on 30 January 2004 as a transition application based on a folder full of information about my compliance experience and capabilities. Transition applications were allowed by ACI for a short time when the accreditation scheme was first introduced, and because Westpac is a foundation member of ACI, many of us who were in the compliance team at Westpac at that time were encouraged to apply. “My accreditation as a Certified Compliance Professional (CCP) was awarded at the ACI 10th annual conference on 26 October 2006. To gain this accreditation I had to complete a five day residential course and then (as if that wasn’t enough) complete an assignment. The inaugural CCP course was one of the most intensive but ultimately rewarding off-sites I have ever attended and the assignment – although I could choose the topic – was particularly challenging because it was to be marked by my peers in the compliance profession. “Early this year I completed the requirements for a CCP Fellow and was accredited on 14 April 2011. I’m told I was the first person to achieve this accreditation, but it must have been a close call as I know others who have been granted accreditation or have applications in the pipeline. “The process was long and required a great deal of documentation to be lodged by me, those I had mentored and my referees as well as people I had worked with on compliance projects and ACI Working Groups, so the workload to obtain my accreditation was really a team ef fort! why did i undertake this training? “Accreditation of fered the opportunity to have my experience recognised, my knowledge enhanced and my network of compliance colleagues substantially increased, so it really wasn’t a hard decision. how has accreditation benefited my career and my organisation? “ It’s difficult to point to any particular benefit as there’s been so much that has contributed to my career progression over the years since my ACI Associate accreditation. Personally, I’ve gained the confidence and probably also the study skills to go on with my studies: I completed a Masters in Corporate Governance degree in 2009 and am now doing a Master of Laws. “ Career-wise I’ve moved out of the business stream into a Group role, and hopefully this means my employer has benefited from the theoretical and practical application of compliance principles I’ve learnt to apply to the job. Advice for other compliance professionals “I had a number of false starts before finally getting my application for CCP Fellow underway and was hesitant about doing the CCP course because of the cost and the time away from work – the CCP by correspondence was not an option back then. To be honest, the impetus for the CCP was a restructure underway at work at that time, and it made me realise that my compliance knowledge and experience might not be recognised elsewhere if I had nothing to show for it. “However, having done it, I realised that I did actually know a bit about compliance and was keen to learn more so the decision to continue with my studies, and to go for the CCP Fellow, seemed the logical next step. So my advice would be – ju st do it!” ••• new scholarship announcing the saI Global ccP scholarship award for high potential governance, risk and compliance professionals. ACI, along with SAI Global, are pleased to launch the SAI Global CCP Scholarship Award which will be awarded each year to a high potential governance, risk and compliance professional. Sponsored by SAI Global, the CCP Scholarship Award seeks to identify and support governance, risk and compliance talent by funding the completion of the residential CCP program for the award recipient and providing the opportunity to publish their research project as a white paper with SAI Global. They will also be invited to attend the SAI Global CCP Alumni Breakfast where they will be recognised for their achievement. The recipient of the SAI Global CCP Scholarship Award will be based upon a review of applicants’ governance, risk and compliance career history, qualifications, career ambitions, an article on a topical governance, risk and compliance issue and two written references from recognised individuals within the profession. Submissions for the award will open in November, closing 31 January 2012 with the inaugural Scholarship Award winner announced in February 2012. ••• if you are interested, or for more information, email email@example.com
GRC Summer 2012