DUBAI, 30th May, 2022 (WAM) — The Emirates Institute for Banking and Financial Studies (EIBFS) has held a graduation ceremony to reward 61 Emirati professionals from HSBC for completing the Certified Banking Operations (CBO) programme, as part of the institute’s emiratization drive.
The Certified Banking Curriculum sets out skill- and practice-oriented development modules covering seven banking practices and specializations.
During the five-week program, participants gained an in-depth understanding of various banking areas such as risk management, business ethics and quality management, banking law in the UAE, and banking theories and practices. In addition, the course also covered operational aspects as well as various technological and regulatory requirements.
The international program was delivered in collaboration with the Hong Kong Institute of Bankers through a mix of e-learning sessions and live courses to support emirateization initiatives and qualify national executives for career growth.
Jamal Al Jassmi, Managing Director of EIBFS, and Abdulfattah Sharaf, Managing Director of HSBC UAE and Head of International, HSBC Bank Middle East Limited, both presented the certificates to the trainees at a graduation ceremony which was held at the EIBFS campus in Dubai. .
The event was attended by the EIBFS Board of Directors chaired by Khaled Mohamed Balama, Governor of the Central Bank of the United Arab Emirates.
Al Jassmi commented, “At EIBFS, we are committed to accelerating the emiratization efforts of the UAE government by providing a comprehensive experience for our interns and executing competency-based qualifications for the various jobs in the banking sector to to help UAE nationals upskill, upskill and re-skill them in various banking fields and to help banks meet their annual recruitment and training targets.We are proud of all that they have accomplished so far and wish them the best for all their future endeavors in the banking sector.
For his part, Sharaf said, “Energy for growth is one of the four pillars of our global strategy, and it encourages an inclusive culture that promotes diversity and provides development opportunities for all. Investing in our local talent to help develop future skills that improve the competitiveness of the industry is close to my heart. The EIBFS program will provide a solid foundation for our graduates and accelerate their integration into the world of finance and banking.
Over the years, EIBFS has managed to carve out a place for itself in the region by offering top-notch training and education programs in the banking and financial sector and has trained approximately 300,000 banking professionals over the past 38 years. years. In 2021, the institute trained 32,317 professionals, 36% of whom were Emirati bankers playing a critical role in supporting the UAE’s emiratization strategy to increase Emirati representation in the workforce.