Investment Banking


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Investment Banking

  1. 1. Investment Banking Financial Services Apprenticeship Business & Financial Services Solutions Business Support,Training & Jobs Apprenticeships are the work based study equivalent to Full time FE & HE aimed at young people working Financial Services through specialised pathways like the one outlined below. Financial Services Apprenticeships are made up of a number of building blocks: • Technical Qualification – SII - Investment Administration Qualification (IAQ) which demonstrates an individual’s knowledge • Competence Qualification – the NVQ - this demonstrates How is this delivered? that the individual meets specified competencies to nationally benchmarked standards • All delivered in the workplace with dedicated qualified Industry Specialised Assessors • Key Skills – these demonstrate an individual’s ability to • Worked on a bi-monthly schedule for 1 hr sessions per individual communicate effectively and to use number skills • IAQ study and revision workshops are built into the schedule alongside the competency ( NVQ ) element Providing Financial Services • Progress reviews are carried out every 8 weeks and Advanced Apprenticeship in performance reports are distributed to employer/ Investment Administration ( L3) Managers etc • Performance rates on the IAQ have increased for those NVQ Level 3 Providing Financial Services undertaking an Apprenticeship (Investment Administration) 3 Mandatory units 4 Technical units (Investment Administration) or Business Benefits 2 Technical (Investment Administration) and • Staff qualified to National Industry Standard via National 2 cross sector units Recognised Framework • Increases staff retention Technical Certificate (SII Professional Qualification) IAQ ( L3 Certificate) Investment Administration Qualification • Supports compliance with FSA Training & Competence Introduction to Securities & Investment, Regulation Module • Progression opportunity on to a PT Degree upon & Optional Module from selected list achievement is available in the Northwest • Support recruitment of School and College Leavers Key Skills • Accessed by existing staff immediately even if they are L2 Communication already working towards the IAQ qualification L2 Application of Number Employment Rights & Responsibilities - Mapped across from company Induction Eligibility Apprenticeships are now available to adults as well as young Approximate Timescale – 18 months Maximum people, as a developed programme for all employed staff that meet the eligibility criteria below: • Learners must have been UK residents for past 3 years • Learners must be employed for a minimum of 16 hours per week in an investment banking environment “The above Apprenticeship is ideally suited • Graduates are not eligible for Apprenticeship to Back Office Administration teams working funding - but can still undertake the framework at in an Investment Management/Banking a commercial cost to an organisation environment and is very specialised around Securities and Investment type roles”. For more information: Call 0161 875 2273 or visit our website 0744BFSS/IB Issue 1 June 09
  2. 2. Investment Banking Financial Services Apprenticeship Business & Financial Services Solutions Business Support,Training & Jobs Skills Minister puts Apprenticeships at the top of the agenda Name: James Kearslake Age: 19 Job title: Events Creation Clerk Company: The Bank of New York Mellon Manchester After leaving school with eleven GCSEs, James joined The Bank of New York Mellon’s Manchester offi ce, a new operation which brought securities servicing to the region for the first time. In order to develop the specialised skills required by the securities servicing sector in its 750-strong workforce, The Bank of New York Mellon’s Manchester office worked with During a visit to The Bank of New York Skills Solutions, in partnership with the Financial Services Skills Council, to develop a unique solution. Mellon’s Manchester offi ce at the end Having realised the opportunity this presented to develop his of 2007, Minister for Skills, David Lammy skills James was one of the first people in the UK to complete MP presented certifi cates to the fi rst the Advanced Apprenticeship in Retail Financial Services (Investment Administration). people in the UK to secure the Advanced Apprenticeship in Retail Financial Services James’ enthusiasm and determination to pursue further qualifications has ensured he is an asset to the company in (Investment Administration). Manchester. The Apprenticeship was developed through a partnership Since completing the Apprenticeship, James has been able to between Skills Solutions, the Financial Services Skills Council apply his enhanced skills not only in his day to day technical and The Bank of New York Mellon. role, but also across broader areas of his involvement in the organisation. In his speech the Minister highlighted the importance of skills In his professional capacity, James’ personal responsibilities organisations and businesses working together to develop have increased to include training junior colleagues and acting relevant qualifications which benefi t the development of the as a mentor to other employees now taking the NVQ and IAQ organisation, its employees and the wider community. qualifications. He said: “There is no sector more central to the future of the He has also dramatically increased the number of areas of British economy than financial services. The young people I met the company’s operation he is able to support thanks to his were bursting with talent and enthusiasm. It is good news that enhanced understanding of the industry, making him a key this expanding area of industry is now successfully covered by member of a number of different teams. an Apprenticeship. The strong partnerships between employers, On the back of his role as a young ambassador of the learning providers, trade unions, apprentices, stakeholders and the public and development opportunities at The Bank of New York to deliver this Apprenticeship means that we are sure to see Mellon in Manchester, James has also benefited from additional demand increasing among young people in future. opportunities outside of his day to day position. “Apprenticeships are key to this Government’s vision to meet In the past year, James has been involved in visits by the Lord employer’s needs. Apprenticeships change people’s lives and are Mayor of London, the Minister for Skills David Lammy MP very high on the list of government priorities. As well as being and HRH The Duke of York to The Bank of New York Mellon’s of benefi t to business and individuals Apprenticeships help Manchester office. communities. They will help transform the competitiveness and productivity of the fi nancial services sector.” Skills Solutions are the Lead Provider for the Northwest Financial Services Skills Academy For more information: Call 0161 875 2273 or visit our website