KUALA LUMPUR: The Securities Industry Development Corporation (SIDC) has introduced a new industry competency framework (ICF) to provide universal guidance for competency capabilities for capital market professionals.
In a statement Thursday, SIDC said the move aimed to further enhance competitiveness of the industry in view of the changing global landscape.
“ICF is timely not only to address the industry’s talent gap but also to cater for possible future challenges by enhancing organisational capabilities. Designed to drive sustainable performance by empowering current professionals and employees in the industry, it functions as a useful tool for assessing competencies for career mobility and progression in the capital market,” SIDC CEO Sharifatul Hanizah Said Ali said.
Moving forward, ICF will serve as a building block for the development of competency-aligned qualifications and training programmes for the capital market, including SIDC’s Capital Market Professional Qualification (CMPQ) which will be rolled-out at the end of the year.
It details the required key knowledge, skills and attributes for relevant roles under the regulated capital market activities, with its specific set of indicators and measurement criteria.
SIDC said among the framework’s key features was the competency dictionary, a tool that describes the core competencies related to specific roles along with their associated required competency level. Comprising 58 competency titles and covering 105 job roles, ICF is the first comprehensive competency framework for the Malaysian capital market.
The framework is expected to expand the curriculum for continuing professional education, a mandatory technical knowledge, skills and ethics programme for capital market professionals, to include behavioural competencies such as self-management skills, people management skills and organisational leadership skills.
Read more at http://www.thestar.com.my/business/business-news/2017/07/06/new-competency-framework-for-capital-market-professionals/#TPxe7xG8CwmcWJFl.99