The Financial Academy
About the Financial Academy:
It is a Saudi public academy established in partnership with the Saudi Central Bank and is one of the initiatives to develop the financial sector of Vision 2030, which aims to develop financial sector institutions by providing workers in the financial sector from beginners, fresh graduates, and experienced people with professional training and professional certificates that will contribute to the development of their expertise and skills.
About Jadarat:
The academy provides a unified framework called 'Jadarat'. This framework aims to develop workers in the financial sector by defining the skills required to perform job roles at various levels and enhance the education environment and training in the Kingdom of Saudi Arabia by providing training programs, tests, and professional qualifications.
Framework structure:
The market is categorized into four sectors: banking, securities, insurance, finance, each representing the main areas of financial operations. In turn, functional families consist of groups of roles categorized according to common knowledge and required skills. Job roles express the stereotypical roles that exist in each functional family.
UrAdvisor:
It is a valuable tool for the personal and professional development of users in the financial sector. It contributes to planning professional advancement, as it allows them to compare their personal competencies with the unified framework of competencies, in addition to providing them with a career development plan supported by a group of training programs, with the aim of helping to determine the options available for professional moves and developing professional development plans. Designed for all users.
Professional certificates:
The Foundation Risk Management Qualification in Financial Services aims to enhance workforce efficiency in banking, insurance, and investment sectors, targeting operations, risk, and compliance employees. The Certified Investor Relations Officer Certificate provides credibility and expertise for investor relations roles, crucial for advising companies and financial institutions. Meanwhile, the Compliance Foundations Professional Certificate equips new compliance personnel with essential knowledge and skills across financial sub-sectors, ensuring adherence to relevant laws and regulations.
Capital Market sector:
- International Introduction to Securities and Investment - (CME-1A)
It covers topics such as defining the financial services sector, the economic environment, assets and financial markets, investment funds, regulatory requirements, and ethical principles, in addition to other financial products.
Target audience :A requirement for those wishing to work in capital markets
- Saudi Capital Market Rules and Regulations - (General Chapter) - (CME-1B)
This assessment provides a comprehensive overview of the financial market in the Kingdom of Saudi Arabia, covering key topics such as regulating securities and financial markets, and regulations related to funds by the regulatory authority.
Target audience: Required for employees of the Financial Market Institution.
- Global Financial Compliance - (CME-2A)
A specialized mandatory test aimed at compliance professionals, covering topics related to compliance such as international regulatory environment, compliance monitoring role, managing financial crime risks, ethics, integrity, and governance, risk management, and compliance monitoring.
Target audience : Mandatory requirement for compliance professionals
- Saudi Capital Market Rules and Regulations (Compliance and Anti-Money Laundering) - (CME-2B)
This test introduces the regulations of the Saudi Arabian Capital Market Authority and its executive regulations for registrants to perform compliance, anti-money laundering, and counter-terrorist financing tasks. It covers not only anti-money laundering and counter-terrorist financing but also the regulations of financial market institutions, investment funds, market conduct regulations, corporate finance regulations, and investment accounts instructions. The test covers many rules.
Target audience: Required for individuals performing, compliance, and anti-money laundering functions.
- Securities - (CME-3A)
A specialized mandatory test aimed at securities brokerage professionals, covering topics related to brokerage such as an overview of the financial services sector, asset classifications, primary and secondary markets, as well as topics related to clearing and settlement.
Target audience: is a mandatory requirement for local and international financial intermediation workers.
- Saudi Capital Market Rules and Regulations (Brokers) - (CME-3B)
This test covers topics related to securities brokerage operations, such as market conduct regulation, which covers legislation prohibiting actions and practices that constitute market manipulation and insider trading.
Target audience: Required for individuals performing domestic and international stock brokerage functions.
- International Certificate in Wealth and Investment Management - (CME-4A)
This mandatory test covers the basics of financial planning and client asset management in the private sector, in addition to fund management, advisory roles, and global investment analysis. The certificate includes coverage of assets and investment products available in the market, providing suitable solutions to meet clients' needs in investment, retirement planning, and protection planning.
Target audience: Requires people to perform wealth and investment management functions.
- Saudi Capital Market Rules and Regulations - (Asset Managers) - (CME-4B)
The test provides knowledge of the Saudi Capital Market Authority's legislation and its executive regulations for fund managers, portfolio managers, investment analysts, and other registrants involved in asset and portfolio management. It covers regulations on investment funds, real estate investment funds, market conduct, and many other rules.
Target audience: Required for individuals performing wealth and investment management functions.
- Corporate Finance Technical Foundations - (CME-5A)
The certificate's educational material includes concepts and methods of corporate finance, as well as providing guidance on understanding and developing corporate finance deals to meet client needs.
- Saudi Capital Market Rules and Regulations - (Corporate Finance) - (CME-5B)
The test covers knowledge of the Capital Market Authority's legislation and its executive regulations for registration as a corporate finance specialist. It covers many rules, including those related to securities offerings, ongoing obligations, special purpose entities, mergers and acquisitions, and corporate governance rules.
Target audience: Required for individuals performing corporate finance functions.
- Trader Professional Exam (Registered Broker) - Saudi Stock Exchange (Tadawul)
This mandatory test regulated by "Tadawul" aims to enhance the efficiency of brokerage company employees dealing with the "Tadawul" system, ensuring that all employees have a specified level of knowledge and skills in this field, including its regulations and legislation, to enable them to perform their duties professionally and responsibly towards clients and beneficiaries.
Target audience: Required for individuals performing brokerage in the Saudi financial market.
- iFsah Professional Exam - Saudi Stock Exchange
The mandatory test conducted by the Saudi Exchange aims to add value to issuers and investors by improving the quality of disclosure according to listing rules and relevant regulations, company announcements, and instructions for publishing investment fund information. It aims to achieve the highest standards of transparency and improve the skill level required of disclosure employees.
Target audience: Securities and investment fund disclosure employees.
REFERENCES:
https://www.spa.gov.sa/N1978460
Prepared by:
- Jawaher Alqahtani
- Aljohara BinAhmed
- Bayan Azzabin