Foundational Associate - Investment Banking & Securities Operations

Investment Banking Securities Operations includes Securities Trading and Post Trade operational activities that leads to settlement of securities and servicing of assets. These securities include equities, fixed income, cash equivalents and derivatives. The key industry participants include Investment Banks, Investment Management firms, Wealth Management firms, Stock exchanges, Custodians, Securities Data Providers, Depositories and Regulators.


Foundational Associate - Investment Banking & Securities Operations certification is issued to candidates who pass the online remote proctored assessment, and certifies that the holder of the certificate has demonstrated foundational knowledge of investment banking and securities operations that includes:

  • Knowledge of market participants, investible asset classes and instruments, investment management & securities trading processes, post trade processing, trade settlement and securities servicing including corporate action processing, collateral management and reconciliation.
  • Understanding of securities data management, risk analytics and the regulatory framework within which the capital market industry operates.
  • Understanding of KYC compliance and Client onboarding process.

Next available assessment date:

Jun 10
Online verifiable
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Who should get certified
  • Students aspiring to pursue a career in the Capital Markets industry.
  • Anyone with less than 1 year experience aspiring for a career in the Investment Banking, Investment management, Securities Servicing and Wealth Management sectors.
Candidates are evaluated for
  • Knowledge of buy-side and sell-side firms, market infrastructure providers and regulators.
  • Knowledge of traditional asset classes, derivatives and alternative investments.
  • Knowledge of securities trading, trade processing and securities settlement.
  • Knowledge of securities data, investment & risk analytics.
  • Knowledge of regulatory framework in the securities industry.
Maintaining the certification
  • Associates certified are required to recertify after 3 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 or other online forums.
Assessment weightage by Knowledge Area

Capital Markets Industry Overview

Buy-side and Sell-side Firms, Stock Exchanges / Trading Venues, Market Infrastructure providers

5 -10%

Investment Asset Classes

Equities, Fixed Income, Money Markets, Foreign Exchange, Commodities, Derivatives.


Reference data

Basics of Instrument reference data - Security identifiers, Security attributes, Issuer data, Entity reference data , LEI, Standing settlement instruction (SSI)

10 - 20%

Securities Trading - Front Office

Basics of Equity and Fixed Income securities trading, Market Types, Order types, Common Terminologies


Post Trade Processing

Trade Capture, Confirmation, Enrichment, Clearing and Settlement.


Securities Servicing

Securities Valuation, Corporate Actions, Securities Lending, Cash and Securities Reconciliation.


Risk & Regulations

Credit, Market and Operational Risks, Collateral Management, Regulatory Frameworks.


Client Onboarding

KYC AML Compliance, Account Opening, Static data setup