FICS >> Lead Providers >> Introduction  
 
INTRODUCTION

To develop a leading-edge financial services sector workforce to support Singapore as an international financial centre, IBF has been working with the Monetary Authority of Singapore (MAS) and the Singapore Workforce Development Agency (WDA) to assemble a group of training and assessment providers to conduct training programmes that will cover the entire financial services industry. These training providers – also known as Lead Providers – will provide FICS-accredited training and assessment programmes for financial institutions and practitioners. The move allows IBF to leverage on the individual strengths of each Lead Provider. The appointment of these Lead Providers was officially announced on the 19th July 2007.

[ IBF Chairman's Opening Remarks ]
[ FICS Chairperson's Speech ]
[ Press Release ]

 

The 5 appointed Lead Providers are:

•  Financial Training Institute @ SMU

•  International Compliance Association

•  Risk Management Institute, NUS

•  Singapore College of Insurance Ltd

•  Wealth Management Institute Pte. Ltd.


The Lead Providers were selected based on their track record in financial training, demonstrated expertise in their respective areas of specialisation, and their organisational capability and readiness to support the FICS initiative.

Role of Lead Providers

A Lead Provider will provide:


•  Training and Assessment Services

- 
 Design and develop FICS accredited training and assessment programmes.
   
- 
 Offer and actively market these FICS programmes.


•  Assessment Only Services

- 
 Develop and provide FICS-accredited assessment only services.


•  Information on Career Opportunities and Placement Service

- 
 Provide general information on career opportunities and pathways in the industry segment(s) related to the programmes administered by the Lead Provider and facilitating the placements of candidates who have been issued Statement of Attainment (SOA) in the financial sector where necessary.
   
- 
 Conduct surveys to ascertain the outcome and effectiveness of FICS training, assessment and certification where relevant, including placement outcomes.


•  Consultancy Services

- 
 Provide consultancy services to assist companies interested in aligning their training programmes to FICS requirements for the relevant Job Families.

 

Industry Segments
Job Families
Lead Providers
Corporate Banking

Cash Management
Credit Analysis & Approval
Credit Control & Administration
Project Financing
Relationship Management – Enterprise Banking
Relationship Management – Wholesale Banking
Sales & Marketing – Transaction Services
Structured Financing Advisory
Trade Finance
Transactions Processing, Control & Support
Corporate Finance Origination, Structuring & Advisory - Equities
Sales & Distribution – Primary Markets
Financial Markets Asset Securitisation
Operations / Deal Processing & Settlements
Debt Origination & Syndication
Product Control
Research
Trading
Treasury Sales
Fund Management Business Development – Institutional
Business Development – Retail
Central Dealing
Fund Administration
Performance Measurement
Portfolio Management
Product Development
Securities & Futures Trading (Dealers, Remisiers) / Stockbroking
Private Equity Private Equity
Compliance Compliance – Anti Money Laundering
Compliance – Consumer
Compliance – Fund Management
Compliance – Insurance
Compliance – Wealth Management
Compliance – Wholesale
Risk Management Asset Liability Management – Banking
Asset Liability Management – Insurance
Credit Analytics
Credit Risk Management – Consumer Banking
Credit Risk Management – Corporate Banking
Market Risk Analytics
Market Risk Management
Operational Risk Management
General Insurance Claims Handling
Underwriting
Life Insurance Claims Handling
Underwriting
Wealth Management Relationship Management – Mass Affluent
Relationship Management – Retail
Investment Advisory
Relationship Management – High Net Worth
Trust Administration
Trust & Estate Planning