IBF Standards FINANCIAL MARKETS
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COMPLIANCE GENERAL INSURANCE FINANCIAL MARKETS TECHNOLOGY & OPERATIONS FUND MANAGEMENT LIFE INSURANCE WEALTH MANAGEMENT FINANCIAL PLANNING CAPITAL MARKETS CORPORATE BANKING CONSUMER BANKING RISK MANAGEMENT The IBF Standards are a set of competency standards developed by the industry for the industry. They are benchmarked against international standards and represent the key skill sets required for various jobs in the financial industry. They currently cover 12 industry segments: IBF Standards FINANCIAL MARKETS
Transcript of IBF Standards FINANCIAL MARKETS
COMPLIANCE
GENERALINSURANCE
FINANCIALMARKETS
TECHNOLOGY& OPERATIONS
FUNDMANAGEMENT
LIFEINSURANCE
WEALTHMANAGEMENT
FINANCIALPLANNING
CAPITALMARKETS
CORPORATEBANKING
CONSUMERBANKING
RISKMANAGEMENT
The IBF Standards are a set of competency standards developed by the industry for the industry. They are benchmarked against international standards and represent the key skill sets required for various jobs in the financial industry. They currently cover 12 industry segments:
IBF Standards FINANCIAL MARKETS
About Financial MarketsFinancial Markets generally represent any marketplace where trading of securities including equities, bonds, currencies and derivatives occur. They could be structured as over-the-counter markets conducted by dealers, organised exchanges where buyers and sellers trade with each other in a centralised location, or intermediation financial markets conducted through financial intermediaries.
About Proficiency LevelsThe IBF Standards offer three proficiency levels to help you track the development and sophistication of your skills in relation to your career aspirations. You can also use the Standards to identify training programmes at the right level to meet your skills development needs.
Level 1 a basic understanding of key concepts and ability to apply skills to routine tasksLevel 2 ability to apply skills to complex tasksLevel 3 ability to apply skills in the context of broader organisational considerations
About IBF CertificationIBF Certification is an industry endorsed mark of quality for finance professionals in Singapore. To achieve certification, you will need to complete an IBF accredited programme. In addition, for IBF Level 2 and 3 Certification, you will need to meet the relevant experience requirement. IBF Certified individuals may use their professional certification titles “IBFQ” or “IBFA” on their business cards and correspondences.
Skills forFinancialMarkets
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An individual certified as “IBF Qualified” is equipped with foundational skills to undertake new roles.
IBF Qualified (IBFQ) An individual certified as “IBF Advanced” has demonstrated applied knowledge and advanced analytical skills for specialist or managerial functions.
IBF Advanced (IBFA)
- Certified via IBF Level 2 or Level 3 Programmes- 3-15 years of experience
- Certified via IBF Level 1 Programmes
1 2 3
Institutional Investors
Asset Liability Management
Accounting and treasury management concepts •
Asset liability management • • •
Balance sheet management • •
Capital management • •
Foreign exchange management •
Interest rate management •
Liquidity management •
Modelling and valuation •
Client Management
Client acquisition and servicing • •
Sales management • •
Ethics and Conduct
Ethical principles • • •
Inter-Dealer Broking
Market liquidity and counterparty matching •
Trade execution, clearing, settlement and documentation •
Product Control
Financial reporting •
Price verification and profit analysis •
Trade verification and financial risk analysis •
Product Structuring
Bespoke solutions structuring and performance analysis •
Business strategy, operations and needs analysis •
New product approval •
New product legal documentation, execution and monitoring •
Product pricing and valuation • •
Proficiency LevelSkills
1 2 3
Institutional Investors
Risk Management
Corporate governance, internal control and enterprise risk management •
Risk management and controls • •
Risks arising from finance market activities • •
Use of technology for risk and control transformation •
Sales
Asset sales •
Client account strategy • •
E-trading platforms advisory • •
Investment suitability • •
Liability sales •
Product pricing and valuation • •
Trading – Equity, Fixed Income and Foreign Exchange
Post trade monitoring and risk and capital management •
Product pricing and valuation • •
Market assessment and trading strategies •
Trade execution for market making • •
Team Management
Business management •
Business strategy and planning •
Proficiency LevelSkills
Find out more about skills needed for your job and benefits of IBF Certification at www.ibf.org.sg
1 2 3
Retail Investors
Client Acquisition, Acceptance and On-boarding
Client acquisition and retention strategies •
Client investment profile analysis • •
Know your customer / Anti-money laundering / Countering financing of terrorism
• •
Client Management
Client order taking and execution •
Client servicing • •
Ethics and Conduct
Ethical principles • • •
Investment Analysis
Fundamental analysis •
Portfolio optimisation concepts and investment analysis •
Technical analysis •
Trading strategy involving multi-products across asset classes and industry sectors
•
Risk Management
Corporate governance, internal control and enterprise risk management • • •
Risk management and controls • • •
Team Management
Performance management •
Team leadership and sales management •
Supervisory oversight •
Proficiency LevelSkills
The Institute of Banking & Finance10 Shenton Way, MAS Building #13-07/08Singapore 079117Tel: 6220 8566www.ibf.org.sg
For enquiries, please contact IBF at:[email protected]
