CERTIFIED BFSI PROFESSIONAL COURSE
CERTIFIED BFSI PROFESSIONAL COURSE
Link to my Blog @ https://movethebarrier.blogspot.com/2022/12/certified-bfsi-professional-course.html
This is an opportunity for Deemed Universities, Autonomous Colleges to let their students be equipped with a cutting-edge course.
About the Program — The Certified BFSI Professional course is 187 hours E-learning program spread over three semesters. The course is designed to help young aspirants to propel towards a successful career in BFSI sector.
This is a first-of-its-kind initiative, offered jointly by three prestigious institutes in the financial domain viz NISM, IIBF & NIA.
Course Objective
The Banking, Financial Services & Insurance (BFSI) sector in India has traditionally been pivotal in contributing substantially to the overall growth of the Indian Economy.
Currently, the sector is experiencing a transformation catalysed by digitalization and information explosion with the customer at the epicentre. Such an ever-evolving ecosystem demands strategic agility and constant upgradation of skill levels by the Banking & Finance professionals to chart a clear pathway of professional development.
Moreover, an expanding sector is expected to usher in numerous employment opportunities going forward and there is a tangible industry demand to create a pool of adequately skilled youth who shall possess the cognitive vision to propel the sector ahead.
The primary objective behind the development of the Certified BFSI Professional Program, wherein three behemoths of Financial Education in India (IIBF, NISM & NIA) have combined their domain expertise, is to offer a unique and novel course that covers all the three major aspects of the sector- Banking, Securities Markets and Insurance.
This course is specifically designed to provide a 360° knowledge-offering to the young aspirants and to equip them to be future-ready as the entire BFSI sector beckons.
Career Prospects — The Certified BFSI Professional Course equips the young individuals to foray into financial industry viz Banking & Finance or Securities Markets or Insurance Industry.
The program is designed to cater to varied job roles, from the entry level executives to mid-management cadre in any of the BFSI Sector.
Course Outline — The program is for 187 hours of intensive E-learning modules to impart basic knowledge across Banking & Finance, Securities Markets & Insurance sector. Each semester is spread over 2 months.
Candidates can register for the program anytime.
At the end of third semester, an exam on a predetermined date and time will be conducted to mark completion of the program.
Curriculum for each semester will cover topics from all three sectors,- Banking & Finance, Securities Markets and Insurance.
Brief program structure is as below:
Semester I
A. Banking & Finance
I — Indian Economy, Economic Concepts & The Indian Financial Architecture
II — Introduction to Banking Products & Functions (Deposits & Advances)
III — Ethics in Banking
B. Securities
I — Introduction to Securities Markets
II — Regulatory Eco system
III — Role of Intermediaries in Securities Markets
IV — Primary Markets
V — Secondary Markets
C. Insurance
I — Fundamentals of Insurance
II -Legal Framework of Insurance
III — Fire Insurance
Semester II
A. Banking & Finance
I — Bank Computerisation, Digital Banking & Cyber Security
II — Marketing of Banking Products & Services
III — Accounting Principles & Financial Management
B. Securities
I — Securities operations & Risk Management
II — Risk & Return in Securities Markets Investment
III — Derivative Markets
C. Insurance
I — Life Insurance
II — Marine Insurance
III — Motor Insurance
IV — Liability
Semester III
A. Banking & Finance
I — Legal aspects of Banking
II — International Banking, Risk & Treasury Management
B. Securities
I — Mutual Funds
II — Financial Planning
III — Investor Grievances Redressal Mechanism in Securities Markets
C.Insurance
I — Health & Miscellaneous Insurance
II — Claims & Reinsurance
III- Insurance Accounts
Course Eligibility — Graduate or pursuing graduation from a Government or UGC recognised college/ University.
Course Duration — Duration of the program is 187 hours spread over 3 semesters. Each semester will be of 2 months’ duration.
Candidate will have access to the course material for a period of 9 months from the date of registration.
Candidates not completing the course within 9 months will have to pay the registration fee again and re-enrol for the course.
Pedagogical Tools — To supplement the E-learning modules of the course, Video Lectures, E-books, Excel files etc. are also provided to facilitate the candidates to have a better understanding of the subjects.
Contact Classes — Contact classes will be conducted every month subject to student’s requests and queries. Interested candidates can register for these classes for clarifying their doubts or any concepts from the faculty at no additional cost.
Examination — Exams will be held every quarter, on pre- determined dates, for each semester in the online mode via remote proctoring.
Exam will be conducted at the end of the course.
Exam Duration — 120 minutes
Exam Pattern — 100 MCQs (40 MCQs from Banking, 30 MCQs each from Securities Markets & Insurance).
Minimum passing requirement — Final exam is 50% in each section (Banking, Securities Markets, and Insurance) and 60% in aggregate.
If any candidate does not clear the exam, he/she can re-attempt after paying an examination fee of Rs. 1500+GST.
Negative Marking — There is no negative marking.
How to Register — Candidates who wish to apply have to click on the link which will direct them to the Registration page. A link to the registration page is provided in each of the stakeholder’s (NISM, IIBF and NIA) webpage.
The candidates will have to first register themselves on https://estore.nism.ac.in/certified-bfsi-professional-course/.
For Corporate registrations: send your queries to elearning@nism.ac.in or call 022–66735153/42
Course fee — The consolidated course fee for the program is Rs. 10,150 + GST.
The course fee may be paid in two instalments.
Re-examination fee of Rs.1500 + GST to be paid in full whenever applicable.
At the time of registration Candidate will get access to Semester 1 & 2
After completion of Semester 2 Candidate will get access to Semester 3 and examination
Access to the Course — Once successfully enrolled, registered candidates will receive an email from NISM with details to login and start the course.
Access to semester 1 and semester 2 will be provided after the payment of first instalment.
Upon completing these two semesters and subject to paying the second instalment, access will be provided for third semester and exam.
Certification — On successfully completing all three Semesters within the validity period, a candidate will be awarded the ‘Certified BFSI Professional’ certificate.
This will be a co-branded certificate issued by NISM, IIBF & NIA. The certificate will be directly emailed to the candidates registered email id.
Disclaimer: These are my personal views only. I am solely responsible, for errors, if any.
Please refer to the course brochure for complete and update details.
The bottom line is Safe ePayments. Nothing More — Nothing Less.
About NISM/ IIBF / NIA
National Institute of Securities Markets (NISM)
The National Institute of Securities Markets (NISM) is a public trust established in 2006 by the Securities and Exchange Board of India (SEBI), the regulator of the securities markets in India.
The institute carries out a wide range of capacity building activities at various levels aimed at enhancing the quality standards in securities markets. A comprehensive understanding of activities of NISM can be formed by visiting (www.nism.ac.in )
Indian Institute of Banking & Finance (IIBF)
Established in 1928 as a Company under Section 25 of the Indian Companies Act, 1913, the Indian Institute of Banking & Finance (IIBF), formerly known as The Indian Institute of Bankers (IIB), is a professional body of Banks, Financial Institutions, and their employees in India.
The Mission of the Institute is “To develop professionally qualified and competent bankers and finance professionals primarily through a process of education, training, examination, consultancy / counselling and continuing professional development programs.” Details of the courses offered can be viewed at (www.iibf.org.in)
National Insurance Academy (NIA)
Established in 1980, National Insurance Academy (NIA) is a leading institution for learning, education and research in Management, Insurance, Pension, and allied areas not only in India but in the African, Middle East and Southeast Asian region.
A pioneering academic institution in India’s Insurance landscape, National insurance Academy, is promoted by the public sector Insurance companies under the aegis of the Ministry of Finance, Government of India