Update on AICB’s New Chartered Banker Framework — Module Specifications, Entry Requirements and Exemption Fees

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Update on AICB’s New Chartered Banker Framework — Module Specifications, Entry Requirements and Exemption Fees


13 Apr 2022

Following our 19 January 2022 announcement, “Update on AICB’s New Chartered Banker Framework – Modules, Programme Fees and System Upgrade”, we are pleased to share further information on AICB’s New Chartered Banker (CB) Membership and Qualification Framework (CB Framework).

A. Module Specifications

We are pleased to share the specifications for each module in the CB Framework, which covers the module aim, learning outcomes, the syllabus outline and the assessment structure and format. With this information, we hope to assist members in deciding which module to pursue.

To download the specifications for each module, please refer to Table 1 below.

Programme Level
Module
Module Specifications

Level 1
Foundation

Certificate in Financial Services (CFS)Click Here
Certificate in Credit (CCR)Click Here
Certificate in Anti-Money Laundering and Counter Financing of Terrorism (CAM)
— formerly CAMEX
Click Here
Certificate in Regulatory Compliance (CRCOP)Click Here

Level 2
Specialised

Professionalism and Ethics (PET)Click Here
Bank Audit Practices (BKA)Click Here
Bank Risk Practices (BKR)Click Here
Bank Business Credit Practices (BBC)Click Here
Bank Retail Credit Practices (BRC)Click Here

Anti-Money Laundering & Counter Financing of Terrorism Practices (SCAM) — formerly CAMCO

Click Here
Regulatory Compliance Practices (RCOP)Click Here

Level 3
Chartered Banker

Bank Risk Management (BRM)Click Here
Commercial Lending (COL)Click Here
Bank Strategy, Operations and Technology (SOT)Click Here

Table 1: Specifications for Modules in the Chartered Banker Framework

B. Entry Requirements

To pursue programmes in the CB Framework, members are required to meet the minimum entry requirements as detailed in Table 2 below.

1. Standard Route

Programme Level
Entry Requirements

Level 1
Foundation

Available to individuals who possess SPM or an equivalent qualification.

Note: The Institute may consider on a case-by-case basis individuals who do not meet the minimum education requirements.

Level 2
Specialised

Available to individuals who have completed:

  • ONE (1) of the Foundation Certificated Programmes, OR
  • an equivalent qualification recognised by AICB

Level 3
Chartered Banker

Available to individuals who have completed:

  • ONE (1) of the Specialised Certificated Programmes, OR
  • an equivalent qualification recognised by AICB

Table 2: Entry Requirements for the Chartered Banker Framework

2. Experiential Route

AICB continues to offer the Chartered Banker By Experience (CBBE) programme in collaboration with the Chartered Banker Institute (CBI), UK. The CBBE programme offers an accelerated and flexible yet rigorous route to the Chartered Banker status for experienced bankers who seek professional recognition for their expertise and contributions to banking. For more details on the programme, please click here.

Kindly note that the fees for the CBBE programme will be revised effective 1 June 2022. For more details, please click here.

3. Recognition of Prior Learning (RPL) / Recognition of Prior Experiential Learning (RPEL)

AICB recognises that knowledge and skills can be acquired from a broad range of learning. Members who have acquired knowledge and skills via certificated programmes of other recognised awarding bodies may apply for exemptions within the CB Framework.

There are two types of prior learning for which exemption can be granted:

  • Recognition of Prior Learning (RPL) is the evaluation to accredit an applicant’s certificated achievement.
  • Recognition of Prior Experiential Learning (RPEL) is the evaluation to accredit an applicant’s relevant skills and knowledge gained through work experience, training and other external qualifications.

To apply for exemption via RPL / RPEL, members must submit their applications with the relevant supporting documents through the AICB Member Portal.

C. Exemption Fees

Members who wish to apply for exemption via RPL / RPEL are subject to an application fee. A module exemption fee will also be applicable upon approval of the application. For more details, please refer to Table 3 below.

Programme Level
Application Fee (RM)
Module Exemption Fee (RM)
Level 1
Foundation
500
2,000
Level 2
Specialised
500

2,250

Table 3: Fees for Exemption Applications and Module Exemptions

Notes

  1. Application fees are non-refundable even if the application for exemption is unsuccessful.
  2. Module exemption fees are non-refundable and non-transferable.
  3. Applicants will be granted entry into a programme if the relevant requirements have been met, and subsequently, they are required to complete the programme accordingly.
  4. Exemption will not be granted retrospectively.

For enquiries, please contact our Member Services team at [email protected] or call 1300-88-6833 / 03-2602 6833.

Note: The information provided above is correct as of the publication date.

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