SIDC introduces new competency framework
Thursday, July 06, 2017
KUALA LUMPUR (July 6): The Securities Industry Development Corporation (SIDC) today introduced a new Industry Competency Framework (ICF) to provide universal guidance for competency capabilities for capital market professionals, in order to further enhance competitiveness in the industry.
In a statement today, the SIDC, which is the learning and development arm of the Securities Commission Malaysia (SC) said the framework details the required key knowledge, skills and attributes for relevant roles under the regulated capital market activities, with its specific set of indicators and measurement criteria.
“Moving forward, ICF will serve as a building block for the development of competency-aligned qualifications and training programmes for the capital market, including SIDC’s Capital Market Professional Qualification (CMPQ), which will be rolled-out at the end of the year,” SIDC said.
It added that one of the framework’s key features is the competency dictionary, a tool that describes the core competencies related to specific roles along with their associated required competency level.
The new framework is expected to expand the curriculum for continuing professional education, a mandatory technical knowledge, skills and ethics programme for capital market professionals, to include behavioural competencies such as self-management skills, people management skills and organisational leadership skills, SIDC said.
“ICF is timely not only to address the industry’s talent gap, but also to cater for possible future challenges by enhancing organisational capabilities. Designed to drive sustainable performance by empowering current professionals and employees in the industry, it functions as a useful tool for assessing competencies for career mobility and progression in the capital market,” said SIDC’s chief executive officer Sharifatul Hanizah Said Ali.