Professional development

New routes to Chartered Banker

COLIN MORRISON, the Institute’s Director of Education, provides an update on routes to Chartered Banker status, following the launch of the new qualification.

The new Chartered Banker qualification was launched in autumn, allowing students to design an individual learning journey tailored to take into account differences in educational background, individual learning styles, experience and working circumstances.

There are four main ‘routes’ to achieving Chartered Banker status:

OPEN – This route supports progression through the Institute’s qualification framework from our introductory Professional Banker Certificate to Chartered Banker status. Following completion of an Advanced Diploma, it should take around two years to complete three Chartered Banker modules under the Open route.

ACCELERATED – The Accelerated route is likely to apply to you if you are on your bank’s graduate trainee programme, or if you are an experienced banker on a managed development programme. Under the Accelerated route you are expected to complete the Chartered Banker programme in less than two years.

LEARNING PARTNERSHIPS – The Learning Partnerships route could suit you if you have completed bespoke courses/training or prior learning that has been accredited by the Institute. It would also include senior bankers, who can become Chartered Bankers through the Senior Management Accelerated Route, using workbased assessment of professional competence against standards set by the Institute, and those who complete Omega Credit Skills.

PROFESSIONAL CONVERSION – The Professional Conversion route enables those qualified in other key professions operating in the banking sector to become Chartered Bankers. Currently this will apply to you only if you are a qualified accountant or CFA Charterholder, although other professional qualifications may be agreed for this route in the future. It should take you around one year to complete the two Chartered Banker modules required under the Professional Conversion route.

CHARTERED BANKER MBA – You also become a Chartered Banker on completion of a Chartered Banker MBA from Bangor Business School – visit: www.charteredbankermba.com for more details.

The Chartered Banker programme focuses on the core skills required by bankers today and for the future.

It consists of compulsory, core and elective modules:
• Compulsory – Professionalism, Ethics and Regulation.
• Core – Credit and Lending; Contemporary Issues in Banking; and Risk Management in Banking.
• Elective – Applied Business and Corporate Banking; Banking for High Net Worth Individuals; and Retail Banking.

The modules you need to study will depend on the route you are taking. In all routes you must complete at least one credit and lending-related subject at some stage.

If you would like further information, please telephone the Institute on 0131 473 7777.

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