Private Banking Certification: Ethical Conduct
- Finance & Investment
This programme is conducted online.
0.5 day
Weekdays (9am - 1pm)
Online
Who Should Attend
- Relationship managers
- Wealth management advisers
- Professionals who manage high net worth and ultra-high net worth clients in Private Banking/ Wealth Management
- Financial practitioners
- Professionals who work in Financial Institutions (FIs)
Overview
A private banker must uphold himself/ herself to the highest standards of integrity and ethical behaviour in order to earn the trust of high net worth clients and become their trusted advisor. This 4-hour course prepares participants with the fundamental understanding of ethical standards required of relationship managers under the Private Banking Code of Conduct.
Learning Objectives
Understand and apply the best practice standards in accordance with the private banking code of conduct in Singapore.
Topic/Structure
- How to maintain standards of professionalism
- The proper manner in which to conduct business activities by putting clients’ interests first
- Best practices to exercise reasonable care and diligence in servicing clients
- Timely disclosures of relevant information to clients
- The importance of maintaining clients’ confidentiality
- Apply best practice standards in ethical conduct through interactive classroom sessions with a veteran instructor
Assessment
At the end of the course, participants will be assessed on their competencies acquired through the learnings via a quiz.
Participants are required to attain a minimum of 75% attendance and pass the associated assessment in order to receive a digital Certificate of Completion issued by Singapore Management University.
Fee Table
PARTICIPANT PROFILE | SELF-SPONSORED | COMPANY SPONSORED |
Singapore Citizen < 40 years old Permanent Resident
| $342.201 | $342.201 |
Singapore Citizen ≥ 40 years old | $226.202 | $226.202 |
International Participant | $632.20 | $632.20 |
All prices include 9% GST
1 50% IBF-STS funding for Singapore Citizens and Permanent Residents
2 70% IBF-STS funding for Singapore Citizens aged 40 years old and above
For more information, you may refer to this link.
Note: Fees may be subject to change, according to prevailing funding terms and conditions from the Institute of Banking and Finance Singapore (IBF).
Witheffect from 3 October 2022: IBF-STS funding of training courses under the Critical Core skills and Future-Enabled skills categories will only be available to locals (Singapore Citizens or Singapore Permanent Residents) employed in the financial sector (i.e. by financial institutions or SFA certified FinTech firms).
Please note that the programme fees are subject to change without prior notice.
IBF - STS Funding (For courses commencing from 1 Jan 2023 onwards)
Standards Training Scheme
IBF-STS Funding of 50% 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$3,000 per participant per programme.
Singapore Citizens aged 40 years old and above will be eligible for 70% co-funding of direct training costs.
The IBF Standards Training Scheme (IBF-STS) provides funding for training and assessment programmes accredited under the Skills Framework for Financial Services. It is applicable for both Company-Sponsored and Non Company-Sponsored individuals.
Click here for more details.
Intake Information
Next Intake: To be advised
Additional Details
About IBF Certification
This course addresses the following Technical Skill and Competency (TSC) and proficiency level:
- Ethical Culture Proficiency Level 3
Participants are encouraged to access the IBF MySkills Portfolio to track their training progress and skills acquisition against the Skills Framework for Financial Services. You can apply for IBF Certification after fulfilling the required number of Technical Skills and Competencies (TSCs) for the selected job role.
Find out more about IBF certification and the application process here.
