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Certified Professional - Securities Operations

Securities operations comprises post trade processes that include transaction management, clearing and settlement, custody, corporate actions processing, position management and securities valuation, securities lending and reconciliation.

 

Skill Board Professional certification in Securities Operations assesses candidate’s comprehensive knowledge of investment management back office processes, custody and securities servicing, and skills to develop solutions to complex business problems in operations and technology. The assessment process includes evaluation of a candidate’s professional experience, an online remote proctored test and may include an interview with Skill Board Industry practice leaders.

 

Candidates can choose between two certification options:

 

  • Certified Business Operations Professional (CBOP) - Securities Operations certification is issued to candidates with 5+ years of career experience in securities and capital markets business operations and successfully pass the assessment for the CBOP - Securities Operations certification.

 

  • Certified Business Technology Professional (CBTP) - Securities Operations certification is issued to candidates with 5+ years of career experience in securities and capital markets technology and successfully pass the assessment for the CBTP - Securities Operations certification.
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Who should get certified
  • Business Analysts with 5+ years of experience working in the banking, asset management and servicing industries.
  • Developers and QAs with 5+ years of experience working on investment management platforms.
  • Business Operations Associates with 5+ years of experience working in the banking, asset management and servicing industries.
  • Investment management professionals who are exploring careers opportunities in information technology.
Candidates are evaluated for
  • Understanding of traditional asset classes, derivatives, and alternative investments.
  • Understanding of trade processing and securities settlement.
  • Understanding of corporate actions processing, securities valuation and investment reporting.
  • Understanding of trade, position and cash reconciliation.
  • Understanding of operational risk and controls in asset custody and servicing operations.
Maintaining the certification
  • Certified Professionals are required to recertify after 5 years either by taking a recertification assessment or through continuing education credits.
  • Continuing education credits may be earned by taking industry certifications, participating in industry conferences including professional presentations and writing industry thought papers that get published on skillboard.org or other online forums.
Assessment weightage by Knowledge Area
DomainWeightage

Capital Market Basics

Role of Buy-side and Sell-side Firms, Stock Exchanges, Trading Venues, Custodians, Data Providers, Regulators. Financial Instruments

5-10%

Investment Management Process

Investment Objectives, Asset Allocation, Portfolio Construction and Rebalancing, Portfolio Compliance, Order and Execution management

0 - 10 %

Transaction Management

Trade Capture, Confirmation, Enrichment. Settlement Instruction, Trade Notification.

10 - 30%

Clearing & Settlement

Trade Position Netting & Clearing, Trade Settlement, Settlement Failures, Custody.

10 - 20%

Asset Servicing

Corporate Actions Processing, Securities Valuation, Cash & Position Reconciliation, Fund Administration, Securities Lending and Collateral Management

10 - 30%

Securities Data Management

Securities and Non-Securities Reference Data, Market Data.

0 - 10%

Transaction & Position reporting, Regulatory Reporting

Investment Reporting, Regulatory Reporting.

5 - 10%

Client Servicing

Client Onboarding, KYC- AML Compliance, Client Reporting, Billing and Offboarding.

5 - 10%

Securities Operations processes ( Applicable to CBOP certification)

Transaction Management, Trade Clearing & Settlement, Corporate Action Processing, Reconciliation, Investment Reporting.

10-20%

Securities Operations Technology ( Applicable to CBTP Certification)

IT Applications & Operations Supporting Transaction Management, Trade Clearing & Settlement, Securities Valuation, Corporate Actions Processing, Reconciliation, Investment Reporting.

10-20%