FITC, FAA of Malaysia Sign MoU to Train Bankers

• FITC, FAA of Malaysia Sign MoU to Train Bankers

The Financial Institutions Training Centre (FITC) yesterday signed a Memorandum of Understanding (MoU) with the Finance Accreditation Agency (FAA) of Malaysia to train Nigerian and African bankers. The pact, which was on Certified Training Professional (CTP) Programme, will enable FAA and FITC enhance the skills and knowledge of bankers within the continent.

Managing Director/CEO, FITC, Lucy Newman, said the partnership, which is backed by the Central Bank of Nigeria (CBN) will enable both parties, facilitate and deliver impactful trainings that meet global best practices.

She said that Nigerian banks are beginning to play in the global markets, hence the need to enhance the skills of bankers to meet global standards.

Newman said the partnership will give banks in foreign jurisdictions quality assurance on the competence of the Nigerian workforce. She said the backing of FAA on FITC courses is good for Nigerian banks playing in foreign countries.

She said that FITC has trained over 60,000 participants in its professional programmes, 6,700 of them from the directorate level. According to her, FITC has a pool of over 450 resource persons from different parts of the world that provide the needed knowledge to participants in its courses.

She said that FITC has also commenced the process of accrediting 15 of its core courses with the FAA while 10 of the courses are currently being assessed for accreditation by FAA.The remaining five will be accredited at the beginning of 2018.

The courses to be accredited by FAA include Basic Credit Analysis, Intermediate Credit Analysis, Advanced Credit Analysis, Problem Loans Management, Enterprise Risk Management among others.

Director, Strategic Corporate Relations, FAA, Ulrika Brunner said that FAA is responsible for raising standards and quality of professional learning and development in the financial services industry.

She explained that FAA is creating highly skilled and internationally mobile professionals for the global financial services industry.

The CTP courses are suitable for financial services industry practitioners, with successful participants recognised as Certified Training Professionals, and will receive a certificate on completion of the course. There willalso be related follow up actions as part of the requirements for certificate.