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

Programme Code: P170223EMG | This module is part of ACI-SMU Financial Markets Certificate (IBF Level 1)


Building Competencies in Financial Markets Products & Services

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). 

Next Course Starts On23 Feb 2019 (Sat) See Full Schedule
Fee SGD4119.50* (as low as SGD411.95* after maximum funding) Learn more

6 days


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

Work towards a bigger goal

This module is part of:

ACI-SMU Financial Markets Certificate (IBF Level 1)

Learn more


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

Who Should Attend

  • 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



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


Format of Assessment

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


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


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.


Participants will take a written assessment at the module. Candidates who pass all assessments will be awarded the ACI-SMU Financial Markets Certificate - Module 1: Building Blocks (IBF Level 1).


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)

IBF-STS Funding
IBF-STS Funding of 70% is available to eligible institutions and qualified individuals, subject to meeting the attendance requirement and passing of assessment. The IBF-STS funding is 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:


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

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.


Start Date(s)
Intake Information

*Module 1: 23 Feb - 13 Apr 2019 

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

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

Speaker/Trainer Bio

Kelvin Loo

Kelvin Loo has over 13 years’ treasury advisory experience with a local bank, responsible for multi-products and cross-asset risk management solutions. Kevin is currently the CFO of a Singapore REIT and has more than 10 years of training experience in the area of finance, accounting, derivatives and treasury solutions  

Clement Ho

Clement Ho has over 16 years’ experience trading FX & Interest Rates Derivatives products, across various G10 and Asian currencies. He left his position as SVP  of the Bank of Tokyo Mitsubishi in 2013, before joining ESW Manage and Max Giant in Hong Kong as Senior Portfolio Manager, executing proprietary trading in FX and Interest Rate products. Clement engages in speaking assignments for overseas clients and partners.

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 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 Mar, 9 Mar, 16 Mar, 23 Mar, 30 Mar 2019 (Sat)
Assessment Date: 13 Apr 2019 (Sat)

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 
Post: SMU Academy - Financial Services
60 Stamford Road Level 4
School of Accountancy Building Singapore 178900


Closing Date

21 Jan 2019


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