The Financial Services Institute of Australasia has partnered with Chartered Institute for Securities & Investments to roll out a new suite of qualifications focused on risk management and cybercrime.
The qualifications for global financial compliance, risk in financial services, managing cyber security and combating financial crime are now available online, having been reviewed by a group of senior practitioners led by FINSIA.
FINSIA chief executive Chris Whitehead says the aim of the new courses is to upskill investors, giving them a focus on risk management to minimise financial crime.
“The introduction of these qualifications to meet the needs of those in investment, funds management and stockbroking is the latest example of two years of work between the Chartered Institute of Securities and Investment and FINSIA,” Mr Whitehead says.
“We have also partnered with Fitch Learning, part of the Fitch Group to assist candidates in studying and exam preparation.”
The government has estimated that financial cybercrime has cost the economy $1 billion a year.
“The scale of the problem shows there is a huge amount of work to be done. It is certainly an area that FINSIA believes financial professionals can develop new skills and expand their expertise,” Mr Whitehead added.
“The course modules focus on the global reach and impact of financial crime.”
CISI chief executive Simon Culhane said the qualifications were being introduced for the first time to the market, and could easily be integrated into organisations’ existing learning and development frameworks.
“Professional bodies must ensure members have a level of knowledge and understanding of the changing face of cyber threats and financial crime with new technology being used in their industry,” Mr Culhane said.
FINSIA and CISI have also worked together to launch ethics workshops and recently announced an online ethics test for financial services professionals.
Sarah Simpkins is a journalist at Momentum Media, reporting primarily on banking, financial services and wealth.
Prior to joining the team in 2018, Sarah worked in trade media and produced stories for a current affairs program on community radio.
You can contact her on [email protected].
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