ALMA launches benchmark qualification in bank balance sheet management with ACT accredited programme

The Association of Corporate Treasurers (ACT) is delighted to be working with The UK’s Asset and Liability Management Association Limited (ALMA) on the launch of the new Certificate of Banking Asset and Liability Management (CertBALM®) qualification.

CertBALM® has been developed over the last eighteen months and is accredited by the ACT. It is designed to:

  • provide a benchmark qualification in bank and building society asset and liability management
  • be a standalone qualification which is recognised by the banking industry.

By studying for the CertBALM® students can expect to gain a firm understanding of how to manage a bank's balance sheet – the management of capital, liquidity and funding – as well as interest rate risk in the banking book. The CertBALM® will enable the student to obtain a recognised qualification, accredited by the only chartered global body for treasury, the ACT.

ACT Chief Executive, Colin Tyler said:

"The recent crisis taught us all the important lessons on how best to professionally manage a bank’s balance sheet and the societal risks if we don’t. This ground-breaking ACT accredited ALMA qualification will give asset and liability practitioners essential benchmark competencies and will help raise banking professional standards just as the Banking Standards Review envisaged. We are delighted to provide our accreditation and look forward to supporting ALMA students in their professional treasury studies."

ALMA Chairman, Colin Johnson commented

"We are delighted to be launching this new qualification which has been written by some brilliant technicians and experts in the field of ALM. The ACT are the perfect partner to host the learning materials and exams online".

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For further information, please contact:

Ann Blake, Project Manager, ALMA T: +44 (0)7884 442535 E: project.manager@ukalma.org.uk
W: http://ukalma.org.uk/certbalm/

NOTES TO EDITORS

The CertBALM® is a Level 6 qualification – equivalent to final years honours degree – and equates to 200 hours of learning over a period of 6 months.

The CertBALM® is structured into five units:

Unit 1: Overview: Banking, Treasury and ALM
Unit 2: Capital Risk Management
Unit 3: Liquidity and Funding Risk
Unit 4: Market Risk in the Banking Book
Unit 5: Integrated Asset and Liability Management

Students will learn:

  • To describe the fundamental concepts and risks of asset and liability management across all the major categories and understand how the modules inter connect.
  • To quantify and understand the analytical and quantitative methods for measuring and explaining ALM risk.
  • To recommend and advise – to set out options to solve issues that arise in bank treasury management and to explain those options’ relative merits from the viewpoint of, e.g. practicality, materiality, effectiveness, culture and risk appetite.
  • To communicate and apply – the ability to describe and explain ALM using practical examples.

ALMA will be using the ACT’s Learning Management System for students study. This enables the student to study in a flexible way, online, anywhere and at any time. Students will then sit the CertBALM® via the ACT’s e-Assessment System which means they have the ability to sit the exam in their own home at a time to suit them.

The CertBALM® Pilot launches in September 2016 with a maximum of 16 students. The CertBALM® examination will then be open to all from April 2017.

About ALMA

Formed in 1992 as a trade association of asset & liability risk management practitioners in leading banks, building societies and other related companies, the Association became a company limited by guarantee on 6 June 2014. The company began trading on 1 November 2014 when it took over the assets of the Association.

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