Continuing Professional Development (CPD) - As Tool for Career Management
Dear Members,
Continuing Professional Development [CPD] demonstrates continuous learning allowing
you to take control of your career and provides valuable evidence of commitment
to learning and self- development.
By taking control of your own development you can respond to your employers'
and customers' expectations while shaping your career in an increasingly competitive
industry.
Background
The banking in India, as the world over, is undergoing rapid transformation. The
business of banking is not only expanding its frontiers, both physical and functional,
but also increasingly becoming sophisticated. The business process are getting highly
computerised with customer preferences and convenience dominating the drive besides
the competitive forces.
The decision-making skills with the perceptive approach of Risk Management in all
the business decisions is adding a new dimension to the managerial competence.
In this scenario, the only way the functionaries of banks can keep pace with the
change and make contribution to the growth of sound banking business is to be professionally
knowledgeable.
Importance of CPD
Nowadays, the concept of job for life is slowly vanishing. Bank employees today
are expected to move between roles throughout their career and therefore they need
to be flexible. This is where CPD is essential. Those who are constantly developing
and therefore improving are of most value to their employer, customers and to themselves.
The employers expect their workforce to be competent, flexible and increasingly
productive, with a high quality of work produced. The customers expect high standards
of service from the employees. In this context, it will be appropriate to expect
that the employees take control of their own development so that they are able to
respond to their employer's and customers' expectations while shaping
their own career in an increasingly competitive industry.
Staff reductions, limited opportunities for progression and competition are all
compelling reasons for one to take control of the career. CPD helps to gain the
skills that are needed in the days ahead.
The Institute's Initiative
Recognising this need of the bankers, the Indian Institute of Banking & Finance,
like many other initiatives in the competence building exercise of bankers, has
come up with a certification process in the area of Continuing Professional Development.
The bank employees may be acquiring a great deal of knowledge and experience on
their own through training/seminars/workshops sponsored by the banks both within
and outside the banks, even though they might not have necessarily undergone a formal
qualification from a University or Professional Institute. The efforts of the bankers
often go unnoticed and their professional competence building efforts go unrecognised.
The Institute believes that all the efforts on the part of the employee towards
his competence building and professional up gradation need to be recognised and
suitably documented.
CPD Certification
The Institute has therefore, introduced a system of certification, which recognises
the efforts of bankers who are endeavouring to build their professional development.
The Continuing Professional Development Certificate is aimed at enhancing the professional
competence through a formal, structural and verifiable training program. The Institute
provides opportunities to help manage the career of bankers in a variety of ways.
Whether a banker is looking for a change or re-focus on the job or career, or simply
assess the marketability in the current job market, the CPD Certificate would be
a passport for such growth.
The CPD program is designed to impart benefits to its members. It provides a framework
for professional and personal development of members. It is designed to suit the
members' individual situation and allows one to structure one's developmental
activities according to their current and future career needs.
What is the role of IIBF in CPD activities?
The Institute has been offering a range of continuing professional development programs
for the Banking and Finance professionals over the years as under: -
-
Publication of Quarterly Journal- Bank Quest
-
Publication of Bi-monthly News Bulletin- IIBF Vision
-
Holding of Seminars
-
Holding of National Level Seminars
-
Publication of books on Banking
-
Holding of Special Lectures by foreign experts visiting India
-
Holding of Sir Purshotamdas Thakurdas Memorial Lecture and Shri R.K. Talwar Memorial
Lecture by an eminent persons annually
-
Facility for research under Diamond Jubilee and CH Bhabha Research Fellowship (DJCHBRF)
scheme.
-
Information Portal on our website:http://www.iibf.org.in
The members associating with various academic activities of the Institute have benefited
professionally in terms of upgrading their knowledge. But so far, there has been
no formal scheme of recognition of all such knowledge acquired by the members. It
is therefore; felt that a scheme should be evolved wherein the individuals making
serious efforts to upgrade competence should be given appropriate recognition.
What is this new Scheme called CPD?
CPD is the systematic up gradation of knowledge and skills and the development of
personal qualities necessary to the execution of professional managerial and technical
duties throughout a member's working career.
What counts as CPD activity?
The categories of CPD activities furnished below give an indication of the broad
range of learning opportunities which a member can count as CPD.
-
Training
-
Post employment studies (relevant to banking & finance)
-
Certificate Courses offered by IIBF
-
Seminars and Workshops
-
Self Directed learning activities on banking & finance
What are the benefits to the employees?
Maintain and develop skills and knowledge
What are the benefits to the Banks?
-
Improved productivity
-
Maintain customer confidence
-
Better organisational efficiency
What is the Methodology?
The members have to secure a total of 15 credits from the approved programs /activities
sponsored by the IIBF during the period of 24 months after registration. The registered
members would be given a score card (annexure 1) and a CPD file containing information
on the programs and the ways in which they can plan personal and professional development.
With regard to methodology for award of CPD certification, it would be sufficient
if the stipulated credit is obtained from one or more activities such as workshops/seminars,
etc.
At the completion of 24 month period, the member has to forward the Score Sheet
supported by evidences, to the Institute (email id:dd.aca1@iibf.org.in.)
for its consideration / assessment and
the successful members are awarded a certificate on CPD. Members are encouraged
to take the course year after year which will indicate their competence up gradation
efforts. They could show these certificates to their own banks or elsewhere to show
their professional competence and the steps taken by them to keep ahead.
What are the activities considered for Certificates?
The broad range of CPD activities could be as under;
Group I Any of the institute's Exams
|
Associate Exams
|
5 credits each
|
Diplomas of IIBF
|
5 credits
|
MBA [Banking & Finance]- IGNOU
|
5 credits
|
AMP of IIBF
|
5 credits
|
Blended Courses
|
5 credits
|
Group II [Seminars of one or more days]
|
[2 credits for 1 seminar] (2 x 2)
|
4 credits (Max.)
|
Lectures of not less than three hours
[2 credits for 1 lecture] (3 x 2)
(Seminars/Lectures organized by agencies approved by IIBF)
*(One page writeup on the Seminar details / out come / learning points to be enclosed
for verification)
|
6 credits (Max.)
|
Group III Finance Quotient (FQ) Online Test (2 x 2)
|
4 credits (Max.)
|
Certificate Examinations of IIBF
(Conducted through IIBF website: www.iibf.org.in)
|
2 credits (each)
|
Group IV Publication of articles (in any well Known publication)
|
5 credits
|
Accepted Research papers (Universities/Institutes of repute)
|
5 credits
|
Activities that are not considered for certificate
-
In-house training activities
-
Degree/Diplomas of University not relating to Banking & Finance
-
Seminar/Workshops not relating to Banking & Finance
How much will CPD cost?
Continuing Professional Development is a service to members and the cost of registration
is Rs.1,180/- [Rs.1,000/- + Rs.180/- GST @ 18% (except Jammu & Kashmir).]
T-Particulars
|
Maharashtra
|
Delhi
|
Tamil Nadu
|
West Bengal
|
GST Provisional ID
|
27AAATT3309D1ZS
|
07AAATT3309D1ZU
|
33AAATT3309D1ZZ
|
19AAATT3309D1ZP
|
Who is eligible to Register?
The CPD program is open to current members of the Institute, regardless of previous
qualifications.