Chartered Banker by Experience

Overview

Chartered Banker by Experience is designed for experienced banking professionals who wish to gain Chartered Banker status and become members of the Chartered Banker Institute.  The qualification is intended for individuals who:

  • Have at least 10 years of business experience, including 5 years of relevant banking and financial services experience;
  • Want recognition for their expertise, experience and contribution to banking;
  • Aim to meet current and emerging regulatory requirements for the demonstration of high professional standards; and
  • Seek an accelerated, flexible yet rigorous route to Chartered Banker status.

Chartered Banker by Experience

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Chartered Banker by Experience

The Chartered Banker by Experience qualification is designed to be challenging and intense.  Most candidates are expected to complete the qualification within 12 weeks, despite having busy professional and personal lives.
 
It provides the opportunity for experienced bankers to reflect on their competence and expertise, and their experience in and contribution to banking. It also allows them to consider how their current and future career in banking, and their future personal and professional development, can be shaped by participating in this qualification.
 

Before you apply

Before clicking the apply button, please ensure you have read and understood the detailed eligibility criteria. You will also need to download the declaration form. The completed declaration must be uploaded, together with a detailed CV, as part of your application.

Please see an example C.V. here, showing the level of detail that we require.

Example CV.doc

 

Please see the below declaration form. 

 

If you are a ‘Singapore Citizen’ or ‘Singapore Permanent Resident’ and physically based in Singapore, you may be eligible for 80% to 90% of the course fees to be refunded by the Institute of Banking and Finance, Singapore.

Dates 

This is for courses that commence on or after 1 January 2022, up to 30 June 2022, and are completed no later than 30 September 2022: 

  • 80% of course fees will be subsidised.  
  • Aged 40 and above - 90% of course fees will be subsidised.   

The amount you will be funded is:

  • 80% of £2,495 which is £1,996 OR
  • 90% of £2,495 which is £2,245.50 (over 40s only) 

The IBF do no subsidise the £60 membership cost.

Please enter your NRIC number and the word ‘Citizen’ or ‘Resident’ in the ‘employer number’ field in your application form.  If you are eligible, we will then apply for the subsidy to be refunded to you.  You must link your NRIC to their PayNow bank account to facilitate disbursement by IBF.   Please allow for up to 4 months for disbursement.

If you have any queries about the subsidies available and how the scheme works, please see the student FAQs on the IBF website here

Employer Sponsored Registrations

Your employer may also claim back the subsidy themselves. 

There is benefit in employers claiming the subsidy themselves, as they can also claim a Training Allowance Grant (TAG) - where the IBF will pay the company 10 SGD per training hour. 

I.E.  

  • For Chartered Banker by Experience (115 hour course) - they can also claim $1,150 per person 

Organisations must be registered in Singapore.  Employers can check their eligibility on the IBF website here

The TAG applies to IBF recognised courses that commence on or after 1 July 2021 till, up to 30 June 2022, and must be completed no later than 30 September 2022. 

If you would like your employer to claim back the subsidy, please enter the word ‘Employer Sponsored’ in the Employee Number field within you application.  (Do not enter your NRIC and the words Resident or Citizen.)

To apply for the course under the IBF-STS subsidy programme, when you complete the application form you MUST:

·         Enter your name as stated on your NRIC.

·         Provide your NRIC number – please enter this in the Staff number field, which is in section 3 About Your Employer. You must put the letters NRIC before the number e.g. NRICS1234567A.  Please also add the word Citizen (if you are a Singapore Citizen) or Resident (if you are a Permanent Resident).  e.g. NRICS1234567A Citizen or NRICS1234567A Resident.

 

Key facts

Qualification Overview

Chartered Banker by Experience is the flexible, accelerated yet rigorous route to Chartered Banker designed for experienced banking professionals.  Following pre-entry screening to ensure the suitability of candidates, there are three steps to complete to become a Chartered Banker: 

  • Step 1: Critical Self-Evaluation, where candidates reflect on their experience, expertise and professional practice 
  • Step 2: Professional Ethics Assignment
  • Step 3: Presentation and Professional Discussion

Most candidates are expected to complete the qualification within 12 weeks and we expect all candidates to complete within 16 weeks.

Qualification Fees

  • The Chartered Banker by Experience qualification costs £2,495. 
  • In order to complete Chartered Banker by Experience, you must become a member of the Institute. An annual subscription fee of £60 will become payable upon registration.

Becoming a Chartered Banker

Successfully completing the Chartered Banker by Experience qualification means you will become a Chartered Banker, join the rapidly growing Chartered Banker Institute of more than 30,000 members, and be eligible to use the ‘Chartered Banker’ designation for as long as you continue to meet the Institute’s ongoing requirements.  In brief, these are to:

  • Make an annual commitment to follow the Chartered Banker Code of Professional Conduct; 
  • Complete and record a minimum of 35 hours of continuing professional development (CPD) each year; and
  • Remain a member of the Institute in good standing. Chartered Banker membership is currently £145 per year.
     
Modules

Three Steps to Chartered Banker 

Following pre-entry screening to ensure the suitability of candidates, there are three steps to complete to become a Chartered Banker, which should take approximately 12 weeks.

Step 1: Critical Self-Evaluation

In the Critical Self-Evaluation, you will complete 3 reflective statements, each of between 800-1200 words, in which we ask you to:

  • Look back at your experience and key events during your professional career to date;
  • Critically reflect on and analyse your experience from different perspectives; 
  • Think carefully about what your experience and key events has meant for you and your current professional practice; and
  • Demonstrate what you have learned from your experience, and how you apply these lessons in your professional practice today.


Step 2: Professional Ethics Assignment

In the Professional Ethics Assignment, we ask you to:

  • Describe the key principles of ethical and professional behaviour in banking environment and explain why these are important; and
  • Reflect on situations at work where you have been faced with ethical dilemmas, consider how you dealt with these and how these have impacted your professional practice today. 

We provide you with a copy of the Institute’s Professionalism & Ethics study guide, and access to our wide range of online resources including the Institute’s Ethics, Culture and Conduct Toolkit, to help you complete the Professional Ethics assignment.

Step 3: Presentation and Professional Discussion

Approximately 3-4 weeks after completing your Critical Self-Evaluation and Professional Ethics Assignment, you will meet your assessor to explore in depth, your experience, expertise and suitability to become a Chartered Banker.  To complete the qualification within 12 weeks your Critical Self-Evaluation and Professional Ethics Assignment should be submitted by week 8. 

Please note for international applications, step three will be carried out via Skype.

You should set aside at least 3 hours for the meeting with your assessor, which comprises two components:

a) Presentation

Your presentation should be based on the Professional Ethics Assignment that you have completed, and should last around 30 minutes, including time for questions and discussion with your assessor.  

b) Professional Discussion

Your Professional Discussion with your assessor will last for up to 2 hours, and is designed to give you the opportunity to demonstrate in detail how your experience meets the Institute’s requirements for the award of Chartered Banker status.  

Following your professional discussion, you will receive confirmation of your assessors’ decision within 4 weeks. 

Download a more detailed version of the three steps to Chartered Banker with information on the criteria for success.

3 Steps to Chartered Banker


 

Am I Eligible?

Yes, if you have at least 10 years of business experience, including 5 years of relevant banking and financial services experience, and want to gain Chartered Banker status via a flexible, accelerated route.

Detailed Experience Requirements

CBBE - Entry requirements.pdf


If you do not quite meet the eligibility criteria but have a small knowledge gap, there is an alternative route to become a Chartered Banker, please click here to find out more.

Pre-Screening

When you submit an application for the Chartered Banker by Experience qualification you are requesting the Institute to undertake pre-entry screening. This is to assess whether you meet the criteria for the qualification. Pre-entry screening will begin from the date we officially acknowledge your application.

To ensure candidate suitability for the Chartered Banker by Experience qualification, please check your experience against our detailed requirements.  When you register, you will be require to complete a declaration that you have, and can evidence if required, the relevant experience required to enter the qualification. 

Should your experience not match our requirements for the qualification, you will receive a reimbursement of fees. We will deduct an administrative charge of £250 to cover the cost of the pre-screening activity.

In accordance with The Consumer Contracts Regulations 2013 you have a right of cancellation in respect of your application for the Chartered Banker by Experience qualification, which right shall (subject to the Regulations) expire fourteen calendar days from the day on which your order for services is accepted by the Institute. Should you wish to exercise your right to cancel, you will be charged for any work already undertaken as part of the pre-entry screening. This charge will not exceed £250 and will be deducted from any monies to be reimbursed.

Advanced Standard for Professional Bankers

If you have achieved the CB:PSB’s Advanced Standard, you are eligible for an enhanced, accelerated route and are only required to complete Step 2 (Professional Ethics assignment) and Step 3 (Presentation & Professional Discussion).  

Resources

When you register for Chartered Banker by Experience, you will receive:

  • individual support from your designated assessor
  • advice and guidance on completing your critical self-evaluation
  • a copy of the Institute’s Professionalism & Ethics study guide to help you complete the Professional Ethics assignment
  • advice and guidance on preparing for your presentation and professional discussion
  • access to the Institute’s comprehensive range of online communities and materials to help and support you during the programme
Download Brochure here

 

Case studies

Chartered Banker by Experience testimonial video

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Chartered Banker by Experience testimonial video