Important Chartered Banker Changes


The Institute has made some changes in the entry requirements for the Chartered Banker qualifications and below is a summary of the changes:

  1. Changes are effective from 10 June 2016.
  2. Changes are on the accelerated route entry requirements.
  3. Application for the accelerated route is no longer an exemption application but a direct entry application to the respective qualification. Hence, exemption fee is no longer applicable.
  4. Current candidates who meet the direct entry requirements will be upgraded to the Professional Banker (PB) level or Chartered Banker (CB) level where appropriate.
  5. Any prepaid Executive Banker (EB)/PB module/exam registration fee for future exam(s) in August & November 2016 will be transferred to PB/CB module(s) and no top-up of fee will be required.
  6. The transitional arrangements in (iv) & (v) above will be available up to 31 December 2016.

New Requirements – Accelerated Route (Direct Entry)


Accelerated Route – Entry Requirement
Progression Pathway
Professional Banker
Recognised Degree
Complete 3 PB modules (as per the qualification structure rules)
AICB Qualifications

  • Certified Credit Executive (CCE)
  • Certification in AML/CFT (CAML)
  • Certification in Regulatory Compliance (CRC)
  • Certificate in Internal Auditing for Financial Institutions (CIAFIN)
  • Investor Protection Professional Certification (IPPC)
Complete 3 PB modules (as per the qualification structure rules)
AICB Qualifications

  • Certified Credit Professional (CCP) (Consumer/Business)
  • Retail Credit Professional (RCP)
  • Business Credit Professional (BCP)
  • Certified Professional in AML/CFT (CPAML)
  • Advanced Certification in AML/CFT (ACAML)
  • Advanced Certification in Regulatory Compliance (ACRC)
  • Bank Risk Management (BRM)
  • Pasaran Kewangan Malaysia Certificate (PKMC)
Complete 2 PB modules (as per the qualification structure rules)
Chartered Banker Professional Pathway

  • Professional Qualification in Accountancy OR CFA Charter AND
  • 5 years work experience in financial services institutions (regulators, commercial banks, Islamic banks, investment banks, development financial institutions, Labuan offshore banks, Labuan trust companies)
 

Complete 3 CB modules (as per the qualification structure rules)

Note: Applicants who do not have a credit qualification or relevant credit experience MUST complete the Credit and Lending module

Senior Banker Pathway

(A) Business Division Head (C-1 level) with at least 5 years in this position; AND

  • 15 years in core banking areas (NOT in support or corporate functions) – the review will take into account the breadth and depth of experience; AND
  • Recognised degree OR professional qualification

 

 

 

(B) Business Division Head (C-2 level) with at least 3 1years in this position; AND

  • 15 years in core banking areas (NOT in support or corporate functions) – the review will take into account the breadth and depth of experience; AND
  • IBBM Diploma qualification; OR IBBM CCP; OR recognized degree; OR professional qualification
 

Complete 2 CB modules

Compulsory

  • Professionalism, Ethics & Regulation; AND

Electives (one of the following)

  • Credit and Lending; OR
  • Risk Management in Banking

Note: Applicants who do not have a credit qualification or relevant credit experience MUST complete the Credit and Lending module

 

Complete 3 CB modules (as per the qualification structure rules)

Note: Applicants who do not have a credit qualification or relevant credit experience MUST complete the Credit and Lending module

Transitional Arrangement and Timeframe


If you meet the direct entry requirements above, you can apply for an upgrade from your current enrolment in Executive Banker (EB) or Professional Banker (PB) to the Professional Banker (PB) level or Chartered Banker (CB) level where appropriate.  Together with the new enrolment, any prepaid module(s)/exam(s) registration fee for the future exam sittings (ie. in August & November 2016) in the current enrolment will be transferred to the PB or CB module(s) in the November 2016 or relevant 2017 exam sittings.  No top-up of fee will be required.  Alternatively, you can choose to continue with your current enrolment.

Example 1:

You are currently an EB candidate with the status below:

  • EB Module 1 – Passed
  • EB Module 2 – Registered for August 2016 exam
  • EB Module 3 – Registered for module only without exam

You also have a degree which allows you to apply for an upgrade from EB to PB.   The EB2 module & exam registration fee will be transferred to one of the PB modules of your choice without any additional fee.  As for the EB3 module, only the module registration fee will be transferred to another PB module of your choice and you are required to register and pay for the full exam fees.  Please note this fee transfer is only valid for the November 2016 or relevant 2017 exam sittings.

What should you do?

  1. Complete the Upgrade Application Form (Appendix 3) and indicate which PB modules and exam sittings that you would like to transfer the EB modules & exam registration to.
  2. Submit an online application for Professional Banker together with the required document via AICB Website. Refer to Student Step-by-Step Application Guide (Appendix 2) for guidance.

Example 2:

You are currently a PB candidate with the status below:

  • PB Module 1 – Passed
  • PB Module 2 – Registered for November 2016 exam
  • PB Module 3 – Registered for module only without exam

You are a qualified ACCA member and have 5 years of working experience in financial services institutions.  This allows you to apply for an upgrade from PB to CB and transfer the PB2 module & exam registration to one of the CB modules without any additional fee.  As for the PB3 module, only the module registration fee will be transferred to another CB module of your choice and you are required to register and pay for the full exam fees.  Please note this fee transfer is only valid for the November 2016 or relevant 2017 exam sittings.

What should you do?

  1. Complete the Upgrade Application Form (Appendix 3) and indicate which CB modules and exam sittings that you would like to transfer the PB modules & exams registration to.
  2. Submit an online application for Chartered Banker together with the required documents via AICB Website. Refer to Student Step-by-Step Application Guide (Appendix 2) for guidance.

Timelines


This is a one-off upgrade exercise and the transition arrangement is available until 31 December 2016.  However, please submit the upgrade application according to the following deadlines for the exam sitting that you have selected.  Any application after 31 Dec 2016 will not be entertained/processed.