Emirates Institute for Banking and Financial Studies Welcomes 250 potential candidates to the institute’s annual Career Fair

Hosting 22 local, regional and international banks, Emirates Institute for Banking and Financial Studies (EIBFS), a regional leader in banking and finance education and training, welcomed 250 potential candidates to the institute’s annual Career Fair.

The EIBFS Career Fair seeks to connect the UAE’s top candidates with the region’s most prominent banks. The participating banks at the EIBFS Career Fair 2016 aimed to recruit both fresh and experienced talent from the junior to mid-management level across a range of departments – from retail, commercial, private and corporate banking to a variety of operational roles in wealth and commercial management, compliance, branch operations and customer service.

Commenting on the Career Fair, Jamal Al Jassmi, General Manager, EIBFS, said: “Our annual Career Fair serves as a platform to connect experienced as well as newly graduated candidates with potential employers. With the objective of supporting the banking and financial community, we host several networking events that help bankers and HR representatives engage with qualified talent from the UAE and wider region.”

Towards achieving specific mandates to recruit qualified UAE nationals, several participating banks encouraged graduates to enrol in their Emiratisation programmes, scholarships and training initiatives. Some offered leadership development and graduation programmes to shape holistic competencies in graduates, while familiarising potential trainees with several theoretical and hands-on aspects of working in the banking sector.

Sultan Khalifa Al Ali, Head of Emiratisation at RAKBANK, said: “In line with the Bank’s Emiratisation strategy, we have a solid commitment to nurture the careers of local talent. Through the Bank’s recently launched Management Associate Programme ‘IRTIQA’ UAE’s top fresh graduates are trained for mid-management bank operational roles. We are planning to hire 120 UAE nationals this year, and this is achieved through participating in career fairs hosted across the Emirates. The EIBFS career fair is one of the Bank’s stepping stones to meet and greet viable candidates for ‘IRTIQA’.”

Other participating banks at the annual career exhibition included Central Bank of UAE, HSBC Middle East, Standard Chartered, Emirates NBD, National Bank of Abu Dhabi and Abu Dhabi Islamic Bank

Noting the current industry demands and trends, HR representatives at the fair reassured participants that hiring rates would remain consistent when compared with 2015 levels and continue at the same pace.

Emirates Institute for Banking and Financial Studies Trains 21,252 Professionals in 2015

Emirates Institute for Banking and Financial Studies (EIBFS), a regional leader in banking and finance education and training, has reported a record training year in 2015.

The institute delivered a total of 828 vocational training and education programmes and activities in 2015 – the highest recorded to date. Exceeding its 2015 target to train 19,000 participants, EIBFS welcomed a total of 21,252 participants in all – registering an increase of 18.8% compared to 2014.

Aligned with the UAE government’s objective to boost the professional capacities of Emirati citizens, EIBFS received 5,785 UAE national participants in 2015, marking an increase of 9.3% over 2014 and making up 27.3% of all participants this past year.

Speaking on the strong performance, Hussain Al Qemzi, Chairman of EIBFS, said: “EIBFS has witnessed significant growth this year. The increase in participant numbers and the diversity of our training and education programmes reinforces our commitment to building a well-qualified cadre of UAE national professionals in the country’s banking and financial services sector. As a leading UAE based institution our efforts are in line with the vision of the UAE government to develop a talent pool of Emirati professionals that can ensure the nation’s banking and financial services sector is on par with international counterparts.”

Al Qemzi added: “At EIBFS we seek to establish industry benchmarks and align training initiatives with industry demands through studying the evolving challenges in the banking and financial services sector and designing programmes to meet these demands. Through routinely collaborating with international institutions, industry leaders, banking experts and HR and talent development managers, we will continue to provide upgraded and best-in-class specialized knowledge and training programmes to raise the standard of employee performance in the UAE’s financial services industry and position and qualify employees for real-time workplace opportunities.”

The institute delivered 552 Annual Training Plan (ATP) programmes that drew 12,603 participants, of which 3,237 were UAE nationals.

EIBFS organized 31 private training programmes and 116 insurance programmes designed to meet the specific training requirements of the banking and financial services sector and to develop the professional competencies of the insurance workforce.

In 2015, EIBFS witnessed the graduation of 135 candidates. This is in comparison to 65 in the previous year – marking a phenomenal increase of 107%. In addition, the institute offered 14 professional specialized certificates, including Chartered Financial Analyst (CFA) Level 1, Certified Credit Management (CCM), Certified Banking Operation (CBO) and Chartered Institute for Securities and Investment (CISI) among others. EIBFS also added Certified Anti-Money Laundering Specialist (ACAMS) to the curriculum in 2015.

Further to this, in 2015, EIBFS organized 20 workshops on various industry-specific topics designed for mid- to senior- level management and prominent professional speakers to share expertise and exchange views and experiences. The workshops witnessed the participation of 1,074 professionals.

With a view to addressing the most pressing challenges in the banking and financial services sector, the thought sessions invited professionals to share insights on the declining oil prices and their impact on the GCC region, managing asset quality in turbulent times and the increased incidence of cyber-crimes and internet threats against financial institutions, to name a few .

As part of the institute’s initiative to develop leadership capabilities, EIBFS selected 11 leading senior bankers to attend the Leadership Development Programme at Darden School of Business at the University of Virginia. EIBFS collaborates with international institutions to provide distinguished intensive training courses that inspire effective leadership and instill professional development in the UAE workforce.

In 2015, EIBFS partnered with the National Human Resource Development and Employment Authority (Tanmia), the Abu Dhabi Tawteen Council and seven leading banks – including HSBC, Abu Dhabi Islamic Bank and Emirates NBD – to carry out the institute’s Masrafi initiative – a programme that aims to develop Emirati talent and qualify them for the banking sector. The institute trained 1,111 UAE nationals under this initiative – an increase of 22% from 2014

Furthermore, in 2015 some 259 students qualified for the EIBFS bachelor’s programmes in Banking and Finance, Banking Diploma and Islamic Banking Diploma.

The EIBFS Student Affairs department organised 32 high school visits across the UAE with 2,039 students attending the institute’s educational awareness sessions.

Also, 80 students from the EIBFS banking diploma programmes received a certificate of attendance and appreciation from New York University in Abu Dhabi for their participation in a research study on Financial Risk and Investment.

Strengthening Relations with HR Managers and Banks

In 2015, EIBFS hosted 30 prominent HR and talent development managers and experts at its Annual HR & Training Forum. The HR representatives offered insight into the EIBFS’s structured and quality assured training strategy for 2016.

The institute additionally held nine focus group meetings and one technical advisory committee meeting to formulate and finalise the 2016 ATP programmes and their implementation. Attended by representatives and thought leaders from the banking sector, the focus group and technical advisory committee also reviewed the progress of the 2015 ATP programmes to further examine ways to align them with the dynamic requirements of the banking sector.

The institute additionally held nine focus group meetings and one technical advisory committee meeting to formulate and finalise the 2016 ATP programmes and their implementation. Attended by representatives and thought leaders from the banking sector, the focus group and technical advisory committee also reviewed the progress of the 2015 ATP programmes to further examine ways to align them with the dynamic requirements of the banking sector.

Partnering with First Gulf Bank, EIBFS celebrated the graduation of 270 participants in the Personal Banking Programme, a certification that qualifies them to enter the banking industry.

EIBFS also signed a cooperation agreement with Tanmia that mandated the institute to hold 200 training spots open for job seekers in the banking sector.

Committed to offering best-in-class services and integrating technology into its programmes, EIBFS offers an e-learning system that provides over 80 online courses. In 2015, EIBFS enhanced this offering by launching two mobile training applications, one for students – the Moodle App – and one for bankers.

The institute additionally launched its enhanced website – http://eibfs.ae/ – following a qualitative upgrade in the organizational structure, content and ease of navigation. With additional dynamic and engaging portal offerings, the revamped website integrates several new interactive features that are suitable for a variety of devices, including desktops, laptops and smartphones.

Two bankers (from Emirates NBD and Emirates Islamic Bank) selected for a Leadership Training Programme at the University of Virginia’s Darden Business School were interviewed by Dubai TV in a program called Dubai Haze Al Sabah

Two bankers (from Emirates NBD and Emirates Islamic Bank) selected for a Leadership Training Programme at the University of Virginia’s Darden Business School were interviewed by Dubai TV in a program called Dubai Haze Al Sabah, the interview was conducted in 3rd May 2016. Sharing their excitement of joining the program and their learning expectation in their new journey.

18 senior and executive Emirati Bank Managers to attend a two-week executive development program at Darden School of Business, University of Virginia

The Emirates Institute for Banking and Financial Studies (EIBFS), a regional leader in banking and finance education and training, selected 18 senior and executive Emirati Bank Managers to attend a two-week executive development program at Darden School of Business, University of Virginia.

Concluding its seventh offering, the Leadership Development Program (LDP) equipped the Gulf region’s top executive managers with leadership skills and strategic perspectives necessary to keep pace with an increasingly global and competitive environment.

Devoted to personal and professional growth, the program incorporated a variety of leadership development techniques including case study analyses, simulations and skill assessments to explore real-time business challenges and solutions and test new management strategies while actively developing business acumen, new ways of thinking and leadership competences.

The candidates were selected from Emirates NBD, Emirates Islamic, National Bank of Abu Dhabi, RAK Bank, Noor Bank, Commercial Bank of Dubai, Abu Dhabi Islamic Bank and Union National Bank.

Jamal Al Jassmi, General Manager of EIBFS, said: “We congratulate the high achieving participants for successfully completing the intensive Leadership Development Program. Through our sustained partnerships with prestigious international academic institutions, such as Darden School of Business, EIBFS will continue to offer world-class training and academic programmes that develop and enrich the leadership cadre of the UAE.”

Emirates Institute for Banking and Financial Studies Organises HR Managers Forum to Explore Enhancements in Training Programmes

The Emirates Institute for Banking and Financial Studies (EIBFS), a regional leader in banking and finance education and training, organised the 2016 Human Resources Managers Forum as part of its sustained commitment to engaging with HR managers of banks in the region and gaining their feedback for enhancing the content and quality of its training and academic programmes. 38 HR managers and their representatives from different banks attended this event.

Welcoming the participating HR managers to the forum, Hussam Al Sayed, HR Manager, Emirates NBD, introduced the advisory members of EIBFS to all the banks. EIBFS representatives outlined the training results for 2015, the institution’s training need analysis for 2017, and highlighted the role of the advisory committee in ensuring the quality enhancement of all its training activities. The committee later elaborated on the current financial and training programmes and allied services provided by EIBFS.

Jamal Al Jassmi, General Manager of EIBFS, said: “This event enables us to annually engage and collaborate with HR managers of banks within the region. Through the valuable insights and contributions of these professionals, we are able to collectively improve the institution’s training and academic programmes in line with our objective of emerging as the leading independent training centre that offers world-class education in banking and finance.”

He added: “During the session, the participating experts offered several productive proposals to further enhance the quality and relevance of our training platforms. We are positive that the response will allow us to adapt our programmes to fit the latest market demands.”

Suggestions to improve the programmes included collaborating with a larger number of international institutes, implementing best global practices in training, building a network for banks to improve the training support offered to their teams, updating the network with new market developments within the UAE and the GCC region, and maintaining ongoing communication between banks and EIBFS.

For his part, Hussam Al Sayed, HR Manager, Emirates NBD, said: “EIBFS has played a defining role in driving the development of qualified and skilled cadres within the region’s banking and financial services (BFSI) sector. The institute provides highly effective training and leadership programmes to our bank’s staff. We remain committed to participating in such initiatives that hone the competencies of the region’s finance professionals and enhance the regional sector’s credibility on a global stage. The annual forum enabled participating banks to engage in productive discussions on possible improvements for the institution’s programmes.”

Shorouk Al Redha, Head of Human Resources, Commercial Bank of Dubai, said: “We are pleased to attend initiatives such as this forum that give us an opportunity to engage in ongoing dialogue with the leading training centre for banking and financial studies in the region. As a responsible bank, we are committed to taking full accountability in utilizing the training programmes EIBFS offers effectively.”