Emirates Institute For Banking And Financial Studies, Recognized National Development Committee Approve New Risk Management Program

The Emirates Institute for Banking and Financial Studies (EIBFS), a regional leader in banking and finance education and training and the Recognized National Development Committee(RNDC),  a subcommittee comprising representatives of leading banks in the UAE, convened a virtual meeting to discuss and finalize a new risk management program as well as two new qualifications in the domain of treasury and wealth management. These programs will help Emiratis access specialized jobs in the financial sector and boost the UAE’s drive to strengthen its banking ecosystem.

As a next step, these finalized modules will be shared with the National Qualifications Authority (NQA) for approvals. Following the approvals, EIBFS is expected to launch the new certification program in 2021.

The meeting was chaired by Abdulfattah Sharaf, Chief Executive Officer of HSBC UAE, and attended by Jamal Al Jassmi, General Manager, EIBFS,  Eman Jassim, Head of Human Resources Group at Sharjah Islamic Bank, and Gareth Powell, Head of Human Resources, Commercial Bank of Dubai, Cornell Fourie, Head of Human Resources at Dubai Islamic Bank, Eman Abdul Razzaq, Group Chief Human Resources Officer, Emirates NBD, Abdullah Aleter, Head of Human Resources at National Bank of Fujairah, and Noura Abbas, Director of Training Department at EIBFS.

Speaking on the meeting, Jamal Al Jassmi, General Manager of EIBFS, said: “Our discussion on the new risk management program will include three main modules: credit risk, market risk and operational risk. I believe this is an important step to ensure that we build a role-ready workforce and empower our people with deep competencies required for current and future jobs. Over the years, EIBFS has been at the forefront of long-term value creation for the UAE’s banking community and this new program is a testament to our commitment to continuously co-creating and collaborating with banks to train and uplift employee capabilities to the next level.”