Certificates of Professionalism

In March 2016, the UK's Prudential Regulatory Authority [PRA] and Financial Conduct Authority [FCA] Certification Regime came into force. This will enhance the accountability of a significant number of individuals who are not part of the Senior Management Regime but who: 

  • Are material risk takers - I.e. have the potential to cause significant harm to a firm; and/or 
  • Could cause significant harm to consumers; and/or
  • Are in customer-facing roles which are subject to qualification requirements.

All UK deposit-taking institutions are required, on recruitment and then annually, to assess and certify the fitness and propriety (including the competence, behaviour and personal characteristics) of these individuals. This is a difficult, complex and time-consuming task for institutions to undertake.

Building on our many years of experience of assessing individuals' professional competence, and working with our colleagues at the Chartered Institute for Securities and Investment (CISI), we are able to help firms assess and certify individuals' fitness and propriety using a standardised approach and methodology. Individuals meeting our requirements will be issued, on an annual basis, with a Certificate of Professionalism, certifying their competence, behaviour, fitness and propriety. 

Individuals are expected to demonstrate their competence, behaviour, fitness and propriety by meeting, as a minimum, the following requirements:

  • Professional Knowledge: individuals must hold a relevant professional banking qualification either awarded by or recognised by the Institute. 
  • Continuing Professional Development: individuals must complete, and provide evidence of a minimum of 35 hours per year of CPD which is applicable to their role, maintains and/or develops their relevant professional qualification, and contains a minimum of 5 hours of professional ethics education and development activities; and
  • Commitment to Code of Professional Conduct: individuals must make a personal commitment to the expected values, attitudes and behaviours set out in the Chartered Banker Code of Professional Conduct and be a member in good standing of the Chartered Banker Institute. 

For further information on how we can support you and your organisation with Certificates of Professionalism please contact Jennifer Prew, Head of Professional Development, email: jennifer@charteredbanker.com or mob: 07595 003 291. 

FAQs

  • What can I do with my Certificate of Professionalism?

    Certificates of Professionalism can be used by individuals and employers to demonstrate competence, behaviour, fitness and propriety, and assist in the certification of individuals to meet the requirements of the PRA and FCA's Certification Regime. They can also be used more widely to demonstrate professional status to employers, colleagues and customers. 

  • How do I maintain my Certificate of Professionalism?

    Certificates of Professionalism will be automatically re-issued each year to those who remain a member of the Institute, making an annual commitment to the expected values, attitudes and behaviours set out in the Chartered Banker Code of Conduct, and meet our CPD requirements. 

  • How long is a Certificate of Professionalism valid for?

    Certificates of Professionalism are valid for one calendar year, from 1st January to 31st December (i.e. they are aligned with the Institute's CPD year). For individuals meeting the requirements for a Certificate of professionalism during the course of a year, Certificates will be valid until the end of that calendar year. 

  • Can my Certificate of Professionalism be withdrawn?

    Certificates of Professionalism remain the property of the Chartered Banker Institute. If individuals fail to continue to meet the requirements set out above (e.g. they do not complete CPD, or they allow membership to lapse), Certificates may be withdrawn where an individual is found to have breached the Chartered Banker Code of Professional Conduct

  • What if I'm not a member of the Institute?

    Provided you meet the requirements set out, you may qualify for a Certificate of Professionalism. Please note that you will be required to become a member of the Institute, and additional fees may apply for the accreditation and verification of your existing banking qualifications. 

    For further information on how we can support you and your organisation with Certificates of Professionalism, please contact Jennifer Prew, Head of Professional Development, email: jennifer@charteredbanker.com or mob: 07595 003 291.