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ITIO Factsheet






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    ITIO Factsheet ITIO Factsheet Document Transcript

    • Key Features  the first qualification developed specifically for IT staff working in the securities & investment industry  designed to help IT staff understand more fully the industry sector in which It IN they operate  ideally suited for use as part of an INVESTMENT induction programme for IT staff within the investment industry  valuable benchmark to ensure all staff OPERATIONS have a required level of knowledge specific to their job role  provides a comprehensive overview of the role of information technology in front Securities & Investment Institute office and operations departments The Securities & Investment Institute is the principal  offers IT staff greater confidence in provider of qualifications for the financial services their job roles industry. In particular SII have developed a wide ranging  encourages greater understanding and programme of qualifications for employees working in – communication between IT and other or aspiring to work in operations within the financial departments in the firm services industry.  offered as a stand-alone award or as one unit of SII’s globally recognised IAQTM The IT in Investment Operations (ITIO) qualification has been developed for IT staff working in financial services, who wish to develop their knowledge and understanding of IT needs specific to the financial services arena. It will be of particular interest to those who are new to the industry, or who are hoping to move “ into the financial services industry. The development and dependence on technology in the securities industry Who is it for? has been accelerated in the last few years This qualification is suitable for IT staff who are new to due to increasingly lower margins and the the financial services industry. It provides firms with a extension into new markets. benchmark from which to assess an employee’s knowledge and competence and offers those engaged in The introduction of the ITIO qualification IT a broader understanding of the information technology needs of a firm in this sector. is very timely and gives an excellent opportunity to the industry community to Candidates can choose to take the IT in Investment significantly enhance their knowledge of Operations qualification as a stand alone award. the role and the challenges of information Alternatively, candidates can register for the Investment technology in today’s world Administration Qualification (IAQTM) and choose the IT in Investment Operations as one of the 3 units that must be taken to complete the IAQTM. Kaushik Banerjee, Director, Business Development, Europe QCA Tech Mahindra Limited The Securities & Investment Institute has been approved as an Awarding Body by the QCA and as such both individuals and firms can be assured that the Institute’s processes, policies and systems meet rigorous quality assurance standards. 8 www.sii.org.uk ¤ +44 (0)20 7645 0680 * clientservices@sii.org.uk
    • Summary Syllabus ELEMENT 1 INFORMATION TECHNOLOGY IN THE ELEMENT 6 THE IMPACT OF IT ON FINANCIAL SECURITIES INDUSTRY CONTROL 1.1 The significance of the Financial Services And Markets 6.1 The IT requirements of General Ledger Accounts (GLA) Act 2000 6.2 The IT impact of the Financial Control Function (FCD) 1.2 The purpose of 'Know Your Customer' 6.3 The purpose of IT within Investment Industry 1.3 The three stages of Money Laundering Accounting procedures 1.4 The offences that constitute Insider Dealing and Market Abuse 1.5 The significance of the Data Protection Act 1998 ELEMENT 7 IT MANAGEMENT 1.6 The features of Euro and other Currency 7.1 The IT Governance relating to Measuring IT Redenominations Performance and Managing and Monitoring Risk 1.7 The purpose of MiFID, and its impact on the IT 7.2 The concept of Management and Support infrastructure of Applications 1.8 The features and characteristics of Sarbanes-Oxley 7.3 The function of Service (Help) Desks And Follow-The- 1.9 The features and characteristics of Basel II Sun Model 7.4 The purpose of Service Level Agreements (SLAs) ELEMENT 2 IT AND THE FUNCTIONAL FLOW OF and Metrics (Internal And External) FINANCIAL INSTRUMENTS 7.5 Prioritisation Levels and the responsibilities of Support 2.1 The function and connectivity of Recognised Investment Teams Exchanges, Overseas and designated Investment 7.6 The management of the various Computer Exchanges and Clearing Houses Resources including IT Infrastructure library 2.2 The different technologies of a variety of external Real 7.7 The IT implications of Disaster Recovery (DR) and Time Information Sources Business Continuity Planning (BCP) 7.8 The key stages of a Software Development Life Cycle (SDLC) ELEMENT 3 THE ROLE OF IT IN THE FRONT 7.9 Understand the risks associated with various OFFICE procedures including identification, control, status 3.1 The IT support requirements of Order Placing and accounting, audit and review Filling 3.2 The function and IT implications of “Automated” Trading systems ELEMENT 8 IT DELIVERY 3.3 The basic IT characteristics of Trade Capture and Risk 8.1 The Difference Between Programs, Projects, And Work Management for the following Front Office functions Packets 8.2 The Meaning Of Scope, Estimation, Milestones, Tasks And Deadlines ELEMENT 4 THE ROLE OF IT IN THE PRE- 8.3 The benefits of Buy Versus Build SETTLEMENT PHASE 8.4 Various development methodology 4.1 The IT Alignment To Pre-Settlement Phase Key Risk 8.5 The different methodologies used Technology delivery: Indicators 8.6 The phases within the Capability Maturity Model (CMM) 4.2 The IT implications of Trade Confirmations 8.7 The need for Testing and its importance to Quality 4.3 The IT requirements for reporting to Regulators Assurance 4.4 The IT requirements for reporting to Customers 4.5 The impact of Stock Lending on IT ELEMENT 9 THE GLOBALISATION OF IT SERVICES 9.1 The Advantages and Disadvantages of Outsourcing ELEMENT 5 THE ROLE OF IT IN THE SETTLEMENT AND 9.2 The Advantages and Disadvantages of Insourcing POST-SETTLEMENT PHASES 9.3 The Advantages and Disadvantages of Offshoring, Near- 5.1 The IT support requirements of Transaction Shoring, Best-Shoring Instructions, including Omgeo 9.4 The Vendor Selection Process For IT Projects 5.2 The IT requirements for Cash Funding (Positioning) 5.3 The function of IT within the Settlement process 5.4 The function of IT within post-settlement Reconciliation procedures 5.5 The function of a variety of various Messaging Standards 8 www.sii.org.uk ¤ +44 (0)20 7645 0680 * clientservices@sii.org.uk
    • How is the qualification delivered? Prices? The qualification is delivered via a 1 hour examination – One off qualifications registration fee £40 comprising 50 multiple choice questions. IT in Investment Operations examination The pass mark is 70% UK candidates £85 International candidates £115 (includes pdf of workbook) How can I study for the qualification? Hardcopy of workbook £75 SII currently offer the self-study route. SII have published a comprehensive SII membership workbook that covers every area of the syllabus. The end of chapter Candidates will receive free student membership on summaries will enable student to completing the qualification registration form. test their knowledge as they Successful completion of the ITIO leads to Affiliate learn and sample examination membership of the Institute. Candidates who choose to questions enable candidates to take the ITIO as part of the IAQTM and successfully pass ensure they are prepared before the all three units, can progress to Associate membership examination. We recommend that candidates study the of SII. workbook for a minimum of 70 hours. For more information visit: www.sii.org.uk/workbooks Student membership includes: • free online version of SII magazine • discounts on conferences, training courses and Where can I sit the examination? publications • free dictionary of securities & investment terms The examination is offered via Computer Based Testing • 4 free CPD events a year (CBT) and is available at Thomson Prometric test centres globally. Candidates will receive their results when they Affiliate membership leave the test centre. For a list of CBT centres visit: Affiliate membership entitles a candidate to many more www.sii.org.uk/cbt benefits including free access to the SII CPD scheme and logging system. How do I register for the IT in Investment For more information on membership visit: Operations Qualification? www.sii.org.uk/membership Step 1: Pay a one off qualifications registration fee of £40 Support from the Candidate Commonroom Step 2: Fill out a qualifications registration form: www.sii.org.uk/qrf SII have created an online candidate commonroom to Step 3: UK candidates order the IT in Investment support students while they Operations workbook study. To view sample Step 4: Book your IT in Investment Operations examination questions, find examination useful tips on passing the exam, or for more information on CBT, Candidates then automatically receive free student visit: membership for 12 months from date of completion of www.sii.org.uk/commonroom the Qualification Registration Form (QRF). 8 www.sii.org.uk ¤ +44 (0)20 7645 0680 * clientservices@sii.org.uk
    • More information? For more information on * Qualifications * Membership next steps * Workbooks * Registering for the qualification * Booking the exam Study for the Investment Administration Call +44 (0)20 7645 0600 Qualification (IAQTM) Email: clientservices@sii.org.uk Visit: www.sii.org.uk The IAQTM is a qualification aimed at staff engaged in administration and operations. This will enable IT staff to gain a greater understanding of a key project/department they work with. To pass the IAQTM candidates must sit 3 papers. IT in Investment Operations is both a stand-alone qualification and exists as a unit within the IAQTM. Candidates who have already passed the IT in Investment Operations qualification will therefore only have to sit two further units in order to complete the full IAQTM. For more information on IAQTM visit: www.sii.org.uk/iaq IT IN INVESTMENT OPERATIONS All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any © 05/2007 means, electronic, mechanical, photocopying, recorded or otherwise Securities & Investment Institute without the prior permission of the copyright owner. Centurion House Images: Copyright Microsoft Gallery 24 Monument Street London EC3R 8AQ Registered charity number 1036566. 8 www.sii.org.uk ¤ +44 (0)20 7645 0680 * clientservices@sii.org.uk