guide to uk financial services qualifications
TRANSCRIPT
Guide to UK Financial Services Qualifications
Guide To UK Financial Services Qualifications
The City Office in Mumbai undertook a study to investigate the skills issues affecting financial services firms in India and identify areas where UK
qualifications can be matched to these gaps. This summary document provides a guide to UK financial services qualifications and training
bodies that offer internationally recognised qualifications and certifications within Banking, Insurance, Capital Markets, Investment Banking and
Asset/Fund Management.
To identify the technical skills gap within the Indian financial services sector; data was collected through a survey, select interviews with senior
executives and desk research. Participating organisations represented the Banking, Insurance, Capital Markets, Investment Banking and
Asset/Fund management sectors.
The findings from the study indicate that for the banking sector, the key technical skills gaps are within treasury management and private
banking. In the insurance sector, companies face a shortage of technically qualified actuaries, underwriters, risk managers and new insurance
product developers. The capital markets sector highlights the need for well trained and certified equity analysts, financial planners, traders and
advisors. Under investment banking the requirement is for qualified and experienced M&A and project finance professionals. Finally for
Asset/Fund Management companies the key challenge is finding suitably qualified and skilled fund managers, portfolio managers and
investment advisors.
The guide provides a snapshot of the technical skills gap in India and matches the gaps with the available UK based financial services
qualifications and training institutions, as part of the City of London, City of Learning initiative1. The guide highlights the course type (Short term,
Certificate, Diploma or Advanced Diploma / MSc), most of the qualifications offered are online programmes.
1 The City of London, City of Learning is a programme dedicated to promoting London and the UK as the centre for education, training and qualifications (ETQ) in finance and related business services.
BANKINGTechnical Skills Gap
Securities & Investment Institute University of Manchester The Chartered Institute of Bankers in Scotland The ifs School of Finance
Retail Banking
Trade International Introduction to Investment Certificate in Financial Services
Forex International Introduction to Investment Certificate in Financial Services
Fund based products Certificate in Investment Management Certificate in Financial Services
Wholesale Banking
Micro Finance Economics and Management ofRural Development
Credit Islamic Finance Qualification
Risk Diploma in Operational Risk
Product (Cash & Trade) Certificate in Investment Management
Applied Diploma in Corporate Banking
Investment Banking Certificate in Investment Management
UK Institutes & Training Bodies
Short term Certificate Diploma AdvancedDiploma/MSC
Course Type
London Metropolitan University British Bankers Association Chartered Institute of Management Accountants City University London Association of Corporate
Treasurers (ACT)MSc International Banking and
Finance
MA International Banking
Understanding Foreign Exchange
Certificate in Islamic Finance
Modelling Market Risks Diploma in Compliance Chartered Management Accountant
Fundamentals of Investment Banking Certificate in Islamic Finance Certificate in International Cash
Management (CertICM)
Msc Banking & International Finance
Msc Banking & International Finance
Msc in Finance Msc in Finance
UK Institutes & Training Bodies
Technical Skills Gap
Securities & Investment Institute Association of Corporate Treasurers (ACT) The ifs School of Finance London Metropolitan University
Private Banking MSc Investment Fund Management
Tax aspect of wealth management SIIM (Wealth Management) Foundation / Intermediate
Certificate in Personal Finance
Product Knowledge Certificate in Investment Management
Applied Diploma in Corporate Banking
Risk Assessment Certificate in Financial Studies
Treasury AMCT Diploma in Treasury MSc Corporate Treasury Management
MCT Advance Diploma in Treasury, Risk & Corporate
Finance
Derivatives SII Level 3 Certificate in Investment
Certificate in International Cash Management (CertICM)
Understanding Foreign Exchange
International Certificate in Financial Advice
Forex SII Diploma Certificate in International Treasury Management (CertITM) Forecasting Exchange Rates
BANKING (continued)UK Institutes & Training Bodies
Short term Certificate Diploma AdvancedDiploma/MSC
Course Type
London Metropolitan University City University London
Chartered Management Accountant MSc Quatitative Finance
Msc Mathematical Trading & Finance
Msc Financial Mathematics
Chartered Management Accountant
Msc Banking & International Finance
UK Institutes & Training Bodies
INSURANCETechnical Skills Gap
The Chartered Insurance Institute The ifs School of Finance Cass Business School Securities & Investment Institute
Insurance agents
Communication Certificate in Insurance International Introduction to Investment
Selling Abilities International Introduction to Investment
Underwriters
Knowledge of Insurance Diploma in Insurance International Certificate in Financial Advice
Actuaries
Actuarial and business knowledge of insurance
products and pricingAdvance Diploma in insurance Diploma/MSc in Actuarial
Science
Risk Management
Business knowledge of insurance
MSc in Insurance and Risk Management
Applied Diploma in Risk and Insurance Management
Financial Planning Certificate in Financial Planning
Communication & Influencing Diploma in Financial Planning Award in Personal Financial Planning
Insurance Product Developers
Business knowledge of insurance products and pricing Advance Diploma in Insurance
Probing Skills Diploma in Insurance
Assessors
Knowledge of Life Insurance industry Diploma in Insurance
UK Institutes & Training Bodies
Short term Certificate Diploma AdvancedDiploma/MSC
Course Type
Association of Corporate Treasurers The Actuarial Profession Chartered Institute of
Management Accountants City University London
Diploma in Actuarial Techniques Diploma / Msc in Actuarial Management
Msc in Insurance & Risk Management
Certificate in Risk Management (CertRM)
Chartered Management Accountant
Chartered Management Accountant
Chartered Management Accountant
Certificate in Islamic Finance
UK Institutes & Training Bodies
Technical Skills Gap
Securities & Investment Institute IFS School of Finance London Metropolitan University Association of Corporate Treasurers
Equity Analyst / Researcher International Introduction to Investment Introduction to Equity Markets
MSc Financial Markets and Derivatives
Trader / Broker Islamic Finance Qualification Introduction to Financial Markets
FPA (Financial Planning Agent) International Certificate in Financial Advice Certificate in Financial Planning
Certificate in Securities
Advisor Certificate in Securities & Financial Derivatives Certificate for Financial Advisers
Certificate in Derivatives
International Certificate in Financial Advice
SII Diploma
UK Institutes & Training Bodies
CAPITAL MARKETS
Short term Certificate Diploma AdvancedDiploma/MSC
Course Type
Chartered Institute of Management Accountants City University London
Chartered Management Accountant MSc in Investment Management
MSc in Finance
Certificate in Islamic Finance
UK Institutes & Training Bodies
Technical Skills Gap
London Metropolitan UniversityUK Society of Investment
Professionals Securities & Investment InstituteAssociation of Corporate
Treasurers
Corporate Advisory Fundamentals of Investment Banking
The Investment Management Certificate
International Certificate in Investment Management
(ICertIM)
Certificate in Corporate Finance& Funding (CertCFF)
International Introduction to Investment
Equity Analysis Fundamentals of Investment Banking
The Investment Management Certificate
International Certificate in Investment Management
(ICertIM)
Islamic Finance Qualification
Issues / IPOs Fundamentals of Investment Banking
The Investment Management Certificate
International Certificate in Investment Management
(ICertIM)
Certificate in Corporate Finance
Mergers & Acquisitions Fundamentals of Investment Banking
The Investment Management Certificate
International Certificate in Investment Management
(ICertIM)
Certificate in Corporate Finance& Funding (CertCFF)
Project Finance Fundamentals of Investment Banking
The Investment Management Certificate Certificate in Securities
Certificate in Securities & Financial Derivatives
Certificate in Derivatives
SII Diploma
INVESTMENT BANKINGUK Institutes & Training Bodies
Short term Certificate Diploma AdvancedDiploma/MSC
Course Type
Chartered Institute of Management Accountant City University London
Msc in Investment Management
Chartered Institute of Management Accountant
Chartered Institute of Management Accountant
Chartered Institute of Management Accountant
Chartered Institute of Management Accountant
Chartered Institute of Management Accountant
Chartered Institute of Management Accountant
UK Institutes & Training Bodies
Technical Skills GapSecurities & Investment
InstituteUK Society of Investment
ProfessionalsLondon Metropolitan
UniversityAssociation of Corporate
Treasurers City university London
Fund Management
Product knowledgeFamiliarization with
financial data services
SII Level 3 Certificate in Investment Management
The Investment Management Certificate
Introduction to Financial Market
SII Diploma MSc Investment Fund Management
Portfolio Management
Investment Administration Qualification
Cert Financial Mathematicsand Modelling
Cert Financial Mathematicsand Modelling
SII Diploma
Investment Advisor Msc in Investment Management
Certificate in Securities & Financial Derivatives
The Investment Management Certificate
Certificate in Derivatives
International Certificate in Financial Advice
Certificate in Investment Management
SII Diploma
Product knowledge
ASSET/FUND MANAGEMENT
Understanding client needsand structuring advise
Business Acumen
UK Institutes & Training Bodies
UK Institutes - Links
City of London – City of LearningThe City of London, City of Learning is a programme dedicated to promoting London and the UK as the centre for education, training and qualifications (ETQ) in finance and related business services. The programme has been supported by high level delegations of educators and trainers who have accompanied the Lord Mayor on his overseas visits. The key purpose of the City of Learning initiative is to promote the qualifications offered by UK institutions, either in the UK or in the student's home country. In addition, the programme has been designed to facilitate relationships between UK providers in the financial and supporting sectors and educational institutions overseas. Website: www.cityoflondonlearning.org.uk
Association of Corporate Treasurers (ACT)ACT provides qualifications, training and events, publishes renowned treasury knowledge resources and advises and comments on developments and best practice in treasury, risk management and corporate finance. Website: www.treasurers.org
British Bankers AssociationThe BBA is the voice of the banking industry for all banks which operate within the UK. Website: www.bba.org.uk
Cass Business SchoolCass Business School is one of Europe’s leading providers of business and management education, consultancy and research. Website: www.cass.city.ac.uk
London Metropolitan UniversityLondon Metropolitan University is one of the foremost providers of undergraduate, postgraduate, professional and vocational education and training in Britain. Website: www.londonmet.ac.uk
Securities & Investment InstituteThe Securities & Investment Institute is the largest and most widely respected professional body for those who work in the securities and investment industry in the UK. Formed as the “Securities Institute” in 1992 by the members of the London Stock Exchange, theInstitute changed its name in November 2004. Website: www.sii.org.uk
The Actuarial ProfessionThe Institute of Actuaries in England and Wales and the Faculty of Actuaries in Scotland are the two chartered professional bodies for UK actuaries, working closely together across the UK as The Actuarial Profession. Like most UK professional bodies, The Actuarial Profession has the twin roles of representing members to the outside world and regulating members for the benefit of the outsideworld.Website: www.actuaries.org.uk
The Chartered Institute of Bankers in ScotlandThe Chartered Institute of Bankers in Scotland's (CIOBS) primary aim is to develop and maintain the highest industry wide standardsin the financial services sector through the provision of top quality financial services qualifications and relationships with the main powers and influencers in the banking industry. Website: www.ciobs.org.uk
The Chartered Institute of Loss AdjustersChartered Loss Adjusters are independent claims specialists who operate under a Royal Charter to investigate, negotiate and agree the conclusion of insurance and other claims on behalf of insurers and policyholders. Website: www.cila.co.uk
The Chartered Insurance InstituteThe CII is the premier professional organisation for those working in the insurance and financial services industry. It is dedicated to promoting higher standards of competence and integrity through the provision of relevant qualifications for employees at all levels and across all sectors. Website: www.cii.co.uk
The ifs School of FinanceThe ifs School of Finance is a registered charity incorporated by Royal Charter. It provides financial education to financial services professionals the world over, and to consumers in the UK. Website: www.ifslearning.ac.uk
UK Society of Investment ProfessionalsFormerly the Society was known as UKSIP which came about from the merger of two bodies, the Institute of Investment Management and Research, which was formed in 1955 as the Society of Investment Analysts, and the London Society of Investment Professionals, which was established in 1996. CFA UK is one of the largest member societies of the CFA Institute. Website: www.uksip.org
University of ManchesterThe University of Manchester has a rich academic heritage and can lay claim to more than 23 Nobel Prize winners amongst its current and former staff and students. The objective of the ‘Institute for Development Policy and Management’ is to promote social and economic development, particularly within lower-income countries and for disadvantaged groups, by enhancing the capabilities of individuals and organisations through education, training, consultancy, research and policy analysis. Website: www.manchester.ac.uk
City University, LondonThe City University has developed over the past 100 years into an innovative, forward-looking centre of excellence, with a well-deserved reputation in professional and business education and research. Website: www.city.ac.uk
The Chartered Institute of Management AccountantsCIMA is a leading membership body that offers a globally recognised professional management accounting qualification which has an emphasis on accounting for business. It is the voice of over 164,000 members and students in 161 countries and is responsible for the education and training of management accountants who work in industry, commerce, not-for-profit and public sector organisations. Website: www.cimaglobal.com
City office in Mumbai DBS House, Prescott Road,
Opp. Cathedral High School, Fort, Mumbai 400 001
IndiaWebsite: www.cityoflondon.gov.uk/india
Email: [email protected]