Financial Industry Competency Standards (FICS)

The Financial Industry Competency Standards (FICS)

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Table of Content Introduction PI ETA Consulting Company as Accredited FICS Financial Training Provider Funding Amount Eligibility Terms & Conditions Contacting FICS Introduction The Financial Industry Competency Standards (FICS) is a comprehensive quality assurance framework with a certification and accreditation system that aims at raising the quality of Singapore’s financial workforce and training providers. It comprises a set of standards with associated curriculum guide that relates to the financial services industry. The FICS is developed by the industry, for the industry. It has the strong support of leading financial institutions and industry associations, the Monetary Authority of Singapore (MAS) and the Singapore Workforce Development Agency (WDA). It is aligned with the structure and requirements of the Singapore Workforce Skills Qualifications (WSQ) system and recognised as the basis for WSQ awards for the financial services industry. The Institute of Banking and Finance (IBF) is the national accreditation and certification agency for financial competency under the Financial Industry Competency Standards (FICS) framework. ^ Back to Top PI ETA Consulting Company as Accredited FICS Financial Training Provider PI ETA Consulting Company is honoured to be on the panel of Accredited Training Providers under the FICS program. The following seminars offered by PI ETA Consulting Company have been accredited by the FICS: Programme Module Competency Units 1 2 3 4 5 6 FICS Accounting Fundamentals and Corporate Risk Evaluation 4           FICS Structuring Optimal Banking Lines, Legal and Security Considerations   4         FICS Loan Management and Risk Monitoring       4     FICS Understanding the Financial Services Industry         4   FICS Regulatory Compliance, Anti-Money Laundering and Anti-Terrorism Financing           4 Click here to view FICS Programme Modules listing. ^ Back to Top Funding Amount For Training Eligible institutions can seek funding support of 70% for the training course fees incurred by the organisation in sending their employees to attend a training programme that has been accredited under the FICS. The funding support is capped at S$4,200 per participant per programme. This is regardless of how many competency units are covered in that programme. ^ Back to Top Eligibility The funding support is available for FICS programmes commencing on or after 1 January 2011. The funding support is available only to the following institutions: Singapore based financial institutions Industry/Professional associations Financial Training Providers Other entities that are involved in financial activities (e.g. legal and accounting firms, finance and treasury centers, commodity trading firms etc) Supported participant can be Singapore citizen, permanent resident or foreigner, but the person must be based in Singapore, and hold a work position here or being sponsored by a ‘surrogate employer', such as an industry association. ^ Back to Top Terms & Conditions Participant has to complete the programme for the sponsoring organisation to be eligible for the grant. ^ Back to Top Contacting FICS The Institute of Banking & Finance 10 Shenton Way #13-07/08 MAS Building Singapore 079117 Tel: (65) 6220 8566 Fax: (65) 6224 4947 ^ Back to Top