Manama, December 22 (BNA) The Bahrain Institute of Banking and Finance (BIBF) announced the launch of nine academies of banking and finance as part of the institute’s initiatives to support the government’s recent economic recovery strategy, which prioritized training 3,000 Bahrainis. He presented a comprehensive development path for the banking sector over the next five years to maintain economic growth and enhance the financial and economic situation in line with the objectives of Bahrain Economic Vision 2030.
The nine academies were launched to provide a pathway to deep technical skills and competencies in their field of specialization, and they include the Investment and Capital Markets Academy, the Accounting and Finance Academy, the Audit and Internal Control Academy, the Anti-Money Laundering (AML) and Compliance Academy, the Transaction Banking Academy, the Risk and Governance Academy, and the Tax Academy, and the Academy of Banking, as well as the Academy of Sustainable Development – which was launched earlier this year in May.
BIBF Director Dr. Ahmed El-Sheikh stated: “The institute has worked closely on diagnosing skills and training gaps in the market and filling those gaps through specialized training and development solutions in a proactive manner, leading the industry as a thought leader in the field of the latest trends in the banking field, with Anticipate future orders.
The launch of these academies will further support this commitment by providing specific training paths for learners to choose from based on the business sector and the technological capabilities to be developed.”
“The Banking and Finance Academies were launched to focus program offerings and provide the required specialization in core areas related to the banking and finance sector,” said the Head of the Banking and Financial Services Center at the Bahrain Institute of Banking and Financial Studies, Ms. Zeb Askar.
“As the industry evolves and transforms, it is essential to refinish and refine human capital to ensure that highly qualified professionals in this important sector are retained and promoted. As thought leaders, we not only focus on what is currently needed in the labor market, but maintain a forward-thinking perspective. By introducing relevant competencies that will be required in the future.”
She also added, “We have established partnerships with major institutions affiliated with each academy to ensure timely and high-quality subjects are offered. Moreover, the programs offered under each academy range from establishing foundational core competencies all the way to professional certifications based on practical application.”
“To ensure the quality of the topics and their relevance to the sector, we have formed advisory committees in each academy to advise the center to provide feedback on the academies’ offerings, and advise on industry trends and emerging training needs.” concluded.
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