The Financial Academy expresses its sincere gratitude and appreciation to everyone who participated in the phases of this project, from various organizations to experienced professionals, for their fruitful efforts and active participation that helped reflect the existing practices in the Saudi financial sector and aligning them with the most applicable standards to bring the industry to global best practices. Saudi Financial Sector Competence Framework” is a continuation of the efforts of the Institute of Finance and in line with the FSDP objectives with the aim of identifying and clearly articulating the skills required for the success of the sector, to make accessible and comprehensive to be understood by individuals, employers and teachers and supervisors. FA, in collaboration with market representatives and local and international experts, has developed the framework that will serve as the basis for best-in-class training solutions and professional exams, as well as a tool that can be applied by financial organizations to design and implement various talent management programs .
The framework will facilitate career development and talent management, as well as upskilling and reskilling initiatives in line with changing market demands. Segments represent a division of the main functional areas in each sector, based on the uniqueness of the activities. 11 It will follow a 4-level architecture, reflecting the market structure and typical roles found in the market, with a description at the bottom level.
The FS Competency
Job role
Job family
Segment
Sector
CAPITAL MARKET
Asset Management
Investment Banking – ECM, DCM, M&A
Wealth ManagementCredit Rating
Capital Market) Brokerage
Capital Market Segments
A credit rating is a quantitative assessment of the financial strength of companies and government entities, particularly their ability to meet principal and interest payments on their debts. Provides an independent assessment of the creditworthiness of debt securities issued by governments and corporations. It executes buy and sell orders submitted by an investor and charges the client a commission for its services.
Investment banking refers to raising capital and helping corporations issue equity and debt securities through IPOs or FPOs, facilitating mergers and acquisitions (M&As) on both the buy and sell side of the transaction and corporate restructuring along with a wide variety of other functions.
The FS Competency Framework Structure
Asset Management Investment Banking -
ECM, DCM, M&A Wealth Management
Capital Market
Job Family
Job Family Job Family Code
Job Family Code
Job Family CodeOrigination and
Job Family Definition
Job Family Code Clearing, Reconciliation
Job Family Code Credit Rating Analysis
Provide new and existing customers with the best possible service regarding billing inquiries, service requests, suggestions and complaints with the goal of increasing customer satisfaction. Provides financial data service to various financial industry players who use sell-side equity research to predict companies' performance. Job role descriptions provide the Financial Sector with a highly standardized tool for matching professional skills and exposing Financial Sector professionals to new job opportunities.
Job role descriptions provide the Financial Sector with a strong standardised tool to match professional skills and expose Financial Sector professionals to new job opportunities. Each job role
4-6 competencies
3 core competencies, shared by all job roles in the same sector
Technical competencies, mapped based on skills needed for successful performance
Clearing, Reconciliation and SettlementsCCS
Job FamilyJob Family Code
Capital Market Job Families and Job Role Breakdown
Collateral ManagementCCM
Job role rank Job role code Job role Page
Compliance, AML, and CTFCCO
Credit Rating AnalysisCCD
CustodyCCU
Customer careCCC
Dealing - BrokingCDB
Financial AdvisoryCFA
Origination and StructuringCOS
Portfolio/ Fund ManagementCPF
Product DevelopmentCPD
Risk ManagementCRM
Sell-side ResearchCSS
Job role profile
Job family code Job family title Job role code Job role title
CCS Clearing, Reconciliation CCS50 and Settlements
Head of Clearing & Settlements
Core Competencies
Technical Competencies
Behavioral Competencies
CCS Clearing, Reconciliation CCS20 and Settlements
Clearing and Settlements Specialist
Administrator
Head of Collateral Management
Accountabilities Competencies
Collateral Management Specialist
Laundering
Compliance Manager
Establish due diligence procedures and forms ensuring they capture all information necessary to detect AML/ CTF. Perform regular checks on business activities and ensure compliance to AML/CTF rules and regulations and provide suspicious transactions reporting as per regulatory requirements.
Senior Compliance Specialist
Implement compliance programs by conducting compliance reviews and coordinating efforts related to audits, external reviews and regulatory investigations.
AML Officer
CCD Credit Rating Analysis CCD50
Head of Credit Rating Analysis
Reviews and evaluates opinions on reviews, and presents detailed analyzes with recommendations on changes to reviews or new reviews. Review reports prepared for publication, such as research and analysis on financial services, credit trends, credit rating opinions, and market or industry outlooks.
CCD Credit Rating Analysis CCD20
Credit Rating Analyst
Contribute to formulating the overall strategy of the organization, in collaboration with others in the executive team, focusing on the Custody function of the organization. Manage the custody function and ensure it complies with legal requirements and market standards.
Custody Operations Manager
Conduct a document acceptance review to onboard new securities or continue custody in the organization's custodial system. Processes all assigned events in a timely and accurate manner, handles the preparation of capital market instructions; payment processing; settlement; reconciliation.
Custody Operations Specialist
Collect documents and certificates of financial assets (physical entry or book) by communicating with issuers, administrators and third party vendors.
Head of Customer Care
Develop and oversee the implementation of customer care policies, procedures and systems that ensure customer satisfaction with all services provided. Develop and improve after-sales services and coordinate cross-selling to optimize customer experience while fulfilling fiduciary responsibilities. Analyze customer service data to determine customer satisfaction levels and design quality assurance programs.
Senior Customer Care Specialist
Head of Dealing - Broking
Manage brokerage activities and ensure brokerage operations adhere to the organization's financial and business strategies, and are all properly licensed and qualified.
Senior Dealer-Broker
Gather and analyze information about the customer's financial position, taking into account the conditionality of the transaction, where applicable, market conditions and available financial instruments.
Head of Financial Advisory
Design the financial strategies and comprehensive plans in accordance with the customers' situations and requirements, ensuring compliance with fiduciary responsibilities at all times.
Financial Advisor
Structuring
Head of Origination & Structuring
Origination and Structuring Analyst
Management
Head of Portfolio/ Fund Management
Assistant Portfolio/ Fund Manager
Monitor changes in financial markets and clients' changing situations to update the portfolio and analyze the impact of these.
Head of Product Development
Introduce a new product plan and ensure the organization's product portfolio is inclusive and meets customer demand. Manage the implementation and operation of new technologies and service innovation across all the organization's products and services.
Product Development Supervisor
Monitor market trends and information gathered by the organization to identify potential areas for new financial product development and restructuring of existing products. Deliver new and modified commercial line products from concept to execution across all lines of business for a targeted niche.
Product Development Associate
Contribute to the formulation of the organization's overall strategy, in collaboration with others on the executive team, focusing on the organization's risk management function. To approve and ensure the implementation of the policies and procedures of the Risk Management function and ensure its efficiency. Manage the Risk Management function and ensure its compliance with regulatory requirements as well as market standards.
Risk Manager
Assess and evaluate the different types of risks that affect the business and analyze the impact when the risks occur.
Risk Analyst
Sell-Side Research Manager
Assess market conditions on behalf of the 'sell side', including the production and sale of financial assets and products.
Sell-Side Researcher
Introduction
