AICB and Ateneo-Bankers Association of the Philippines Institute of Banking (“AB-IB”) Sign Collaboration Agreement to Promote AICB’s Bank Risk Management Qualification in the Philippines

On October 13, the Asian Institute of Chartered Bankers (AICB) entered into a collaboration agreement with the Ateneo Bankers Association of the Philippines (BAP) Institute of Banking (“AB-IB”) to promote AICB’s Bank Risk Management Qualification (BRM Qualification) to risk management professionals in the Philippines. The cooperation is in line with the ASEAN Banking Association’s effort to standardise professional banking capacities among member countries.

The BRM Qualification is a two-module intermediate level qualification which provides a qualitative introduction to bank risk management. It is a highly accessible guide to the practices and procedures for managing risk in banking in order to ensure banking practitioners posses an in-depth understanding of risk management principles. The BRM Qualification focuses on a wide range of risk management issues such as regulatory, credit, market, operational and liquidity risks. It is targeted to all banking practitioners at middle and supervisory levels across banking operations and management including audit, risk and governance.

Banking practitioners in the Philippines who choose to take up the BRM Qualification will be required to enrol as an individual “Affiliate” member of AICB and will be given 3 years to complete the qualification. Upon successful completion of the BRM Qualification Module 1 and Module 2, the Candidates will be eligible to upgrade their membership to “Associate” Member provided they have at least 3 years of approved practical experience and will be able to use the professional designation “Certified Bank Risk Practitioner” or (CBRP).

Successful professionals from the programme will be recognised both in Malaysia and Philippines as having undergone professional certification under 2 mutually acceptable risk management standards. The primary target for the BRM Qualification in the Philippines will be the banking practitioners working in the key area of risk management.

The Collaboration Agreement was signed by Prasad Padmanaban, AICB Chief Executive and Rodolfo P. Ang Dean Ateneo Graduate School of Business.

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