What next after NOV / DEC CAIIB 2023? IIBF Certifications at a Glance

What next after JUNE / NOV / DEC CAIIB 2023?

If you have cleared your JAIIB & are planning for CAIIB but don’t know what to do after that or if you have cleared CAIIB & are thinking of what to do now to progress in your career then this article is for you!

In this article, we will cover 15 Certificate Exams in Finance and Banking which are very useful for Bankers.

Introduction:

As per the IBA settlement, bankers who have passed JAIIB and CAIIB exams are entitled to salary increments. The Banks which are following the IBA Salary structure are giving this benefit to their employees. After passing JAIIB, Clerks are eligible to receive one increment and Officers are also eligible for one increment. Passing the CAIIB examination gives two increments to clerks while officers get one increment in their salary. Apart from these flagship exams of IIBF, there are other Certificate Exams in Finance and Banking that are very helpful for the development of bankers’ knowledge & career.

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What’s next after CAIIB 2023?

I know and have felt your struggles and endeavours to pass the CAIIB for getting those hard-earned increments. But now that you have completed the CAIIB; your salary has increased and you have rejoiced for your success. Although one must understand the fact that there is no ending to knowledge gathering in our banking industry.

Our banking industry is vast and it is very dynamic & liable to change & ‘Change’ is the only constant. We need to update ourselves regularly. Also, we have to expand our knowledge to other related areas of work, so, that we have our chances in Banking Industry.

Institutions such as IIBF, NISM, and NCFM are providing many useful Certificate Exams in Finance and Banking for the development of knowledge bankers. Among them, 15 Certificate Exams in Finance and Banking are very useful for bankers, and the persons who cleared CAIIB must try to clear these exams. You can refer to the below list for that:

List of Certificate Exams Offered by IIBF in Banking :

Indian Institute of Banking & Finance is offering many Certificate courses for the benefit of Bankers, IT Employees, and BPO Companies. The following courses are important and useful certificate courses for bankers.

Important Specialized Courses by IIBF:

Based on the recommendation from RBI Capacity Building Committee, IBA has identified the following blended courses offered by the Indian Institute of Banking & Finance. The specialized courses have been made mandatory for bankers working in those specialized areas from 01.04.2018

1.  Areas where certification has been identified by RBI: Risk management – credit risk, market risk, operational risk, enterprise-wide risk, information security, liquidity risk

IIBF Course & IBA identified: Risk in Financial Services

2. Areas where certification has been identified by RBI: Treasury operations- Dealers, Mid office operations

IIBF Course & IBA identified: Certified Treasury Dealer

3. Areas where certification has been identified by RBI: Credit management- credit appraisal, rating, monitoring, credit administration

IIBF Course & IBA identified: Certified Credit Officer

I have written a separate detailed article for the above courses. Read 4 Important Capacity Building Courses must which Bankers must do.

Other Useful Certification Courses

• MSME Finance For Bankers
• Certificate Exam in AML/KYC
• Certificate In International Trade Finance,
• Certificate Exam in Customer Services and Banking Codes & Standards
• Certificate Exam in Foreign Exchange
• MSME
• Certificate In International Trade Finance
• Certificate Examination In Information System Banker
• Certificate Examination in AML/KYC
• Customer Service & Banking Codes and Standards
• Certificate Examination In It Security
• Certificate Examination In Rural Banking Operations
• Certificate Examination In Prevention Of Cyber Crimes And Fraud Management
• Certificate Examination In Foreign Exchange Facilities For Individuals
• Certificate Examination In Microfinance
• Card Operations (for Employees of I.T. and BPO Companies)
• Functions of Banks (for Employees of I.T. and BPO Companies)
• Basics of Banking (for Employees of I.T. and BPO Companies)
• Certificate Examination For DRA
• Certificate Examination For DRA Telecallers
• Business Correspondents / Facilitators
• Certificate Course In Foreign Exchange
• Certificate Course In Digital Banking
• Introduction to Banking(for sub-ordinate staff of banks)-IN ENGLISH AND HINDI MEDIUM
• Certificate Course for Non-Banking Financial Companies
• Certificate Examination For Small Finance Banks

List of Certificate Exams offered by NISM:

The National Institute of Securities Market (NISM) also conducts various certificate exams for persons who engage in various segments of the Indian Security Market. Almost all commercial Banks are providing DP services to their customers. So, as a banker, we need to know about Security markets. SEBI has mandated the NISM series exams as per the following modules for Derivatives:

1. Currency Derivatives
2. Equity Derivatives
3. Depository Operations
4. Merchant Banking
5. Mutual Fund Distributor Module

Each module has a series of examinations and passing them makes us specialized in Securities Market. For more details about examination fees and procedures, you can visit NISM Certifications

Important Topic:- CCP – Certified Credit Professional Exam Study Material

List of Certificate Exams offered by NCFM

NSE Academy Certification in Financial Market (NCFM) conducts exams to test the expertise in different fields of the Financial Market of the examinees. The following are important areas of the financial market as NCFM Foundation modules:

1. Financial Markets: A Beginner’s Module
2. Mutual Funds: A Beginner’s Module
3. Currency Derivatives: A Beginner’s Module
4. Equity Derivatives: A Beginner’s Module
5. Interest Rate Derivatives: A Beginner’s Module
6. Commercial Banking in India: A Beginner’s Module
7. Securities Market (Basic): Module
8. Clearing Settlement and Risk Management: Module

Here are the NCFM Intermediate Modules:

1. Capital Market (Dealers) – Module (CMDM)
2. Derivatives Market (Dealers) – Module (DMDM)
3. Investment Analysis and Portfolio Management – Module
4. Fundamental Analysis – Module
5. Options Trading Strategies – Module
6. Operations Risk Management – Module
7. Banking Sector – Module
8. Treasury Management – Module
9. Insurance – Module
10. Macroeconomics for Financial Markets – Module
11. NSDL Depository Operations – Module
12. Commodities Market – Module
13. Surveillance in Stock Exchanges – Module
14. Technical Analysis – Module
15. Mergers and Acquisitions – Module
16. Back Office Operations – Module
17. Wealth Management – Module
18. Project Finance – Module
19. Venture Capital and Private Equity – Module
20. Financial Services Foundation – Module
21. NSE Certified Quality Analyst – Module

Uses of Certificate Exams:

These professional certification exams are conducted by reputed professional agencies in Banking Industry. So they have been recognized all over India by all the Banks and other financial institutions.

• These certificate courses are very helpful for a banker’s vertical career development.
• Some of these courses make bankers specialize in a particular segment of finance and banking. Thus, they get qualified to work in those specialized areas.
• During yearly appraisal and promotion appraisal marks are given for the above courses under Special Qualifications.
• Some Banks provide a one-time refund of the examination fees after the successful completion of the exams.

Conclusion:

Though there is no salary increment for the above examinations; they are very helpful for bankers in many ways. The above list of exams is not exhaustive, & we have covered only a few exams that are important.