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Plans for exciting new FINSIA education projects unveiled

by Lewis Panther SA FIN | 18 Mar 2019

FINSIA’s portfolio of professional education qualifications is expanding into the investment space with the launch of a range of CISI programmes next month.

Head of Standards and Education Kylie Blundell SA FIN says the exciting development of ground-breaking, interconnected courses is a logical next step for ambitious members.

The courses - to be rolled out over the coming months - are part of FINSIA’s strategy to return to being an education provider, offering a full suite of courses aimed at those who want to demonstrate the highest levels of professionalism.

The qualifications are tailored to meet the needs of those in investment, funds management and stockbroking.

It’s the culmination of two years of R&D between the Chartered Institute of Securities and Investment and FINSIA. The aim is to increase integrity and ethical decision making in the investment space.

FINSIA will initially be launching four courses in the risk and compliance pathway with a view to launching others in areas such as wealth, capital markets and operations.

The four risk courses are Risk in Financial Services, Global Financial Compliance, Combatting Financial Crime and Managing Cyber Security. 

Here, Blundell outlines just why it is worth signing up for the courses.

Q.1 Who is the CISI course aimed at?

Answer: "It’s Ideal for individuals who want to embark on the next stage of their career, focusing on the investment space. These courses are good for those who are focussing on the risk space with a global focus."

Q.2 How will it benefit members?

Answer: "You will develop specialist knowledge that is relevant and applicable to your current role. These courses are an ideal first step on the pathway to higher learning.  As well as gaining a specific understanding of the subject matter, it demonstrates a commitment to professional development."

Q. 3 Given the attention of the Royal Commission on risk culture - which seems to be a particular focus of CISI when it comes to investments - are you expecting the courses to be oversubscribed?

Answer: "There is certainly an appetite from financial institutions to get on top of risk and the course content is global which allows students to develop a global perspective on risk culture. There is also an element of global portability enabling graduates to work in other jurisdictions. So we are expecting them to have a high take up."

Q. 4 What is the benefit of doing a FINSIA-run course over studying for similar expertise internally within a bank or other financial services organisations?

Answer: “Businesses who have Identified members of staff they want to promote can put them through the training courses. These programmes are developed by industry practitioners for the industry so you can be confident the content is relevant and practical.”

"The beauty of these courses is the flexibility they offer in how students package them.  Even if they only complete one course they will come away with a certificate. However, by packaging them with other courses FINSIA is able to award higher level qualifications."

Q. 5 A high proportion of the modules look at cybercrime and financial fraud. Can you explain a little more about why this is the case?

Answer: “These are areas of increasing focus in risk and so it’s important to cover current issues.”

Q. 6 Are the qualificatio ns recognised around the world - or just in a particular jurisdiction?

Answer: “CISI is in operation in more than 100 countries. There are 40,000 exams a year with 25,000 of them outside of the UK. So as we have pointed out, there is a great deal of portability. The qualifications are recognised around the world. So if you want to work in London or Hong-Kong, taking the CISI path with FINSIA is ideal.

Former UK government adviser and CEO of CISI Simon Culhane, who is in Australia and working with FINSIA on various projects - including our Brexit webinar - explained the importance of continuing to stay up to date with training and qualifications as a part of being a professional while on a previous visit.

He said: “Qualified professionals have a duty, set out in a professional body’s Codes of Conduct, to put their client’s interests first.”

“Increasingly, professional bodies are also expecting their members to have a knowledge and understanding about new technology being used in their industry.”

Media release: 22/03/2019 - FINSIA introduces ethics test for bankers and securities market professionals

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