Finance & Financial Services

ACI-SMU Financial Markets Certificate (IBF Level 1)

Programme Code: Module 1: P170223EMG I Module 2: P171003JFK

Overview

Advancing Career Aspirations in Financial Markets

Uncertainties created by events such as Brexit, aggressive monetary policies, potential policy changes by the new Trump administration has led to increased volatilities in the global financial markets. The need to manage risk exposures has never been more challenging but the turbulent markets also open up many opportunities. Financial market professionals with good knowledge and competencies will be well-placed to bring values to the bank and/or their institutional clients.

Designed for new entrants who aspire to take on front and middle office roles, the ACI-SMU Financial Markets Certificate (IBF Level 1) course aims to deepen their understanding and competencies in global markets. The course has been revamped to map to all competencies under the revised IBF Standards: Financial Markets (IBF Level 1).

The course comprises of two modules. Module 1: Building Blocks looks at market practices of various financial instruments. Module 2: Trading & Treasury Sales drills down on the practical aspects in different functions and activities across the financial markets value chain. Participants may choose to sign up for the full program or by modules. 

Participants who successfully complete Module 1 & 2, and pass all the assessments (including the FMRP), will be conferred the IBF Qualified (IBFQ) certification by The Institute of Banking & Finance (IBF). 

Next Course Starts On23 Feb 2019 (Sat) See Full Schedule
Fee SGD7490.00* (as low as SGD749.00* after maximum funding) Learn more
Duration

10 days

Level
Basic
Venue

Singapore Management University

Programme Partner

ACI SIngapore - The Financial Markets Association 

Learning Objectives

  • Gain an overview of the global financial markets

  • Understand the regulatory framework for financial markets activities

  • Interpret the influence of macro-economic factors on financial markets

  • Distinguish the characteristics and applications of different financial markets instruments

  • Outline the role of investment banks in capital markets activities

  • Differentiate trading and treasury sales functions and activities

  • Identify trading and market-marketing opportunities

  • Structure treasury solutions to meet clients’ needs

  • Complete the documentation, clearing and settlement of financial trades

  • Know the importance of risk and asset-liability management for financial institutions

Topics/Structure

Module 1: Building Blocks (IBF Level 1)

  • Overview of Financial Markets 

  • Money Market & STIR Futures

  • Bond Basics

  • Foreign Exchange (FX)

  • Foreign Exchange Derivatives

  • Interest Rate Derivatives

 

Module 2: Trading & Treasury Sales (IBF Level 1) 

  • Trading & Market Making

  • Marketing Treasury Products

  • Deal Processing & Documentation

  • Financial Markets Regulatory Framework

  • Risk Management

  • Asset Liability Management (ALM)

  • Financial Markets Ethics & Code of Conduct

 

For detailed curriculum, please download brochure.

Module 1

ACI-SMU Financial Markets Certificate – Module 1: Building Blocks (IBF Level 1)

Next course starts on: 23 Feb 2019 (Sat) (See complete schedule)

Overview

Uncertainties created by events such as Brexit, aggressive monetary policies, potential policy changes by the new Trump administration has led to increased volatilities in the global financial markets. The need to manage risk exposures has never been more challenging but the turbulent markets also open up many opportunities. Financial market professionals with good knowledge and competencies will be well-placed to bring values to the bank and/or their institutional clients.

Designed for new entrants who aspire to take on front and middle office roles, the ACI-SMU Financial Markets Certificate (IBF Level 1) course aims to deepen their understanding and competencies in global markets. The course has been revamped to map to all competencies under the revised IBF Standards: Financial Markets (IBF Level 1).

Module 1: Building Blocks  looks at market practices of various financial instruments.

This is the First of two modules leading to the ACI-SMU Financial Markets Certificate (IBF Level 1).

Participants who successfully complete Module 1 & 2, and pass all the assessments (including the FMRP), will be conferred the IBF Qualified (IBFQ) certification by The Institute of Banking & Finance (IBF). 

Topics/Structure

Module 1: Building Blocks (IBF Level 1)

  • Overview of Financial Markets 

  • Money Market & STIR Futures

  • Bond Basics

  • Foreign Exchange (FX)

  • Foreign Exchange Derivatives

  • Interest Rate Derivatives

You can choose to take this module only. Learn more
Module 2

ACI-SMU Financial Markets Certificate – Module 2: Trading and Treasury Sales (IBF Level 1)

Next course starts on: 06 Jul 2019 (Sat) (See complete schedule)

Overview

Uncertainties created by events such as Brexit, aggressive monetary policies, potential policy changes by the new Trump administration has led to increased volatilities in the global financial markets. The need to manage risk exposures has never been more challenging but the turbulent markets also open up many opportunities. Financial market professionals with good knowledge and competencies will be well-placed to bring values to the bank and/or their institutional clients.

Designed for new entrants who aspire to take on front and middle office roles, the ACI-SMU Financial Markets Certificate (IBF Level 1) course aims to deepen their understanding and competencies in global markets. The course has been revamped to map to all competencies under the revised IBF Standards: Financial Markets (IBF Level 1).

Module 2: Trading & Treasury Sales drills down on the practical aspects in different functions and activities across the financial markets value chain. 

This is the Second of two modules leading to the ACI-SMU Financial Markets Certificate (IBF Level 1).

Participants who successfully complete Module 1 & 2, and pass all the assessments (including the FMRP), will be conferred the IBF Qualified (IBFQ) certification by The Institute of Banking & Finance (IBF). 

Topics/Structure

Module 2: Trading & Treasury Sales (IBF Level 1) 

  • Trading & Market Making

  • Marketing Treasury Products

  • Deal Processing & Documentation

  • Financial Markets Regulatory Framework

  • Risk Management

  • Asset Liability Management (ALM)

  • Financial Markets Ethics & Code of Conduct

 

You can choose to take this module only. Learn more

Who Should Attend

  • Past participants of the ACI-SMU Financial Markets Certificate (2010-2016) seeking to attain IBF “Qualified” certification for Financial Markets (IBF Level 1)

  • New hires in front, middle and back office functions of financial markets

  • Analyst, associates in trading, institutional sales, product structuring, asset and liability management, product control, risk management and operations

  • IT professionals involved in the design, implementation, maintenance and enhancement of financial markets operation systems

  • Aspiring individuals who are keen to pursue a career in financial markets activities

Assessment

Candidates will be assessed on the following competency units in Financial Markets (IBF Level 1).

ACI-SMU Financial Markets Certificate – Module 1: Building Blocks (IBF Level 1)
CU3: Financial Markets Overview
CU4: Financial Markets Products Overview
CU11: Technology Innovation as an Enabler in Financial Markets

ACI-SMU Financial Markets Certificate – Module 2: Trading and Treasury Sales (IBF Level 1)

CU1: Industry Knowledge: Laws and Regulations (FMRP)
CU2: Industry Knowledge: Ethics and Conduct (FMRP)
CU5: Product Pricing & Valuation
CU6: Risk Management
CU7: Primary & Secondary Market Offerings
CU8: Client Sales, On-Boarding & Servicing
CU9: Trade Completion & Post Trade Activities
CU10: Asset Liability Management
 

Format of Assessment

Candidates will be assessed through written tests in the form of multiple choice questions. 

* Please note that Financial Markets Regulatory Practice Examination (FMRP) is administred by The Institute of Banking and Finance (IBF). Separate fees are levied by IBF for FMRP (CU1 & CU2)
 

Re-Assessment

Candidates who are unsuccessful on their first attempt may apply for a re-assessment. Separate assessment fee applies.


Appeal

If you are not satisfied with your assessment results, you may request that your results be re-tabulated.

The review would only involve checking through the answer scripts to ensure that there were no mistakes in the calculation of marks.

Please note that the decision on your appeal is final. You will not be permitted to re-appeal against the outcome.

Request for re-tabulation must be made in writing within 5 days from the date of release of results. Administrative fee applies for each paper reviewed.


Terms and Conditions

SMU Academy | Financial Services reserves the right to make changes to assessment dates if necessary or due to circumstances beyond our control.


Certification

Participants will take a written assessment at the end of each module. Candidates who pass all assessments, including the Financial Markets Regulatory Practice (FMRP) examination (CU1 & CU2) administered by IBF, will be awarded the ACI-SMU Financial Markets Certificate (IBF Level1), and be conferred the IBF Qualified (IBFQ) certification status.

Participants who attained the ACI-SMU Financial Markets Certificate between the period of 2010 – 2016, who seek to achieve IBFQ certification, may enroll directly to Module 2. Participants must pass all assessments, including a direct assessment for CU11 and he FMRP for CU1&2, to be IBF Certified.

A financial practitioner with IBFQ certification is equipped with broad-based capabilities and foundational competencies to undertake new roles. 

Find out more about IBF Certification and its benefits at: https://www.ibf.org.sg/certification/Pages/Overview.aspx

Fees and Funding

Module 1
S$3,850 (excl. GST)
S$1,155 (net of 70% IBF-STS funding, excl. GST)
S$385 (net of 90% IBF-STS funding, excl. GST)

Module 2
S$3,150 (excl. GST)
S$945 (net of 70% IBF-STS funding, excl. GST) 
S$315 (net of 90% IBF-STS funding, excl. GST)
 

*Module 2
S$3,300 (excl. GST)
S$990 (net of 70% IBF-STS funding, excl. GST) 
S$330 (net of 90% IBF-STS funding, excl. GST)
(for participants who have completed the FMC program in 2010-2016) 


IBF-STS Funding
IBF-STS Funding of 70% is available to eligible institutions and qualified individuals subject to a cap of S$7,000 per participant per programme. Singapore Citizens aged 40 years old and above are eligible for 90% co-funding of direct training costs, subject to the existing grant caps. For terms and conditions, please click here: https://www.ibf.org.sg/programmes/Pages/IBF-STS.aspx

 

SkillsFuture Credit
Singapore Citizens aged 25 and above, and self-funding may use their SkillsFuture Credit (up to S$500) to defray part of the course fee. Please click User Guide on how to submit your claim. SkillsFuture Credit claims may be submitted by logging in via MySkillsFuture.sg.


Union Training Assistance Program (UTAP)
NTUC members are eligible for UTAP funding at 50% of the unfunded course fee capped at $250 every year. For application, terms and conditions, please click here.

Schedule

Start Date(s)
Intake Information

Module 1: 

Training Dates: 23 Feb, 2, 9, 16, 23, 30 Mar 2019 (Sat)
Assessment Date: 13 Apr 2019 (Sat)

Program is held from 9am - 4pm. Assessment on 13 Apr is from 9am - 12pm.

Module 2: 

Training Dates: 6,13, 20, 27 Jul, 3 Aug 2019 (Sat)
Assessment Dates: 24 Aug 2019

Program is held from 9am - 4pm. Assessment on 24 Aug is from 9am - 12pm

Speaker/Trainer Bio

Our panel of trainers has an average of 16 years’ experience in financial markets front, middle and back office functions. They held senior positions in banks such as DBS Bank, HSBC, Citibank, ING, Bank of Tokyo Mitsubishi and Deutsche Bank. Trainers have deep experience in institutional sales, trading and risk management, product control and operations, working with local and/or overseas global markets. 

Additional Details

ACI Singapore Financial Markets Training Fund

 

Objective of the Fund

The ACI Singapore Financial Markets Training Fund is established by the ACI Singapore – The Financial Markets Association, in collaboration with the Singapore Management University.

The Training Fund aims to encourage aspiring individuals to pursue a career in financial markets, and build a pipeline of new talent to support the growth and development of the financial markets industry. 


Sponsored Programs

For successful applicants, the Training Fund will partially sponsor course fees for the ACI-SMU Financial Markets Certificate programme facilitated by the SMU Academy - Financial Services (SMUA-FS), that is designed and to bridge competency gaps for new entrants. 

ACI-SMU Financial Markets Certificate  (IBF Level 1)

Module 1: 23 Feb - 30 Mar 2019
Training Dates: 23 Feb, 2, 9, 16, 23, 30 Mar 2019 (Sat)
Assessment Date: 13 Apr 2019 (Sat)
Course fees: $4,119.50 (includes GST)

Module 2: Trading & Treasury Sales
Training Dates: 6, 13, 20, 27 Jul, 3 Aug 2019 (Sat)
Assessment Date: 24 Aug 2019 (Sat)
Course fees: $3,370.50 (includes GST)


How it works

  • Candidates are required to pay for 70% of the course fees upfront
  • Training Fund will pay the balance 30%
  • Upon successful completion of the training and assessment programme, SMUA-FS will claim the 70% funding support from the Institute of Banking and Finance (IBF) *

*IBF-STS provides 70% funding for direct training costs subject to a cap of S$7,000 per candidate per programme subject to all eligibility criteria being met.


Who is eligible?

  • Singapore citizens and Permanent Residents
  • Bachelor’s degree with good GPA
  • Full-time work experience of less than 5 years
  • Priority shall be given to working professionals from non-banking sectors

 

Terms and Conditions

  • Candidates may submit ONE application only. Multiple applications to the same and/or different programmes are not permitted.
  • Applications are strictly for admission into the current intake only. Applications will not be accepted for completed programmes.
  • Candidates will be notified on the application status 2 weeks before course commencement.
  • Successful candidates must confirm their acceptance within the stipulated timeline. Otherwise, the place will be offered to the next suitable candidate. 
  • Candidate must inform in writing if they wish to withdraw their application or reject the offer.
  • Successful candidates of the Training Fund will not be eligible for future applications.
  • If candidate fails to complete the programme, upfront fees paid by the candidate will be forfeited.
  • Any retest fees incurred shall be borne by the candidate and are non-refundable. 

 

To Apply

Complete the application form and submit via 
Email: fti@smu.edu.sg
Post: SMU Academy - Financial Services
60 Stamford Road Level 4
School of Accountancy Building Singapore 178900

 

Closing Date

21 Jan 2019

Policies

View programme policies.

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