• 22 September 2018
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Competencies

 Competencies

​As part of its primary role as the institution of developing standards for training and development in the financial sector, the Institute aims to develop and disseminate professional standards, including the framework of standards for employees in the sector.
What are the patterns?
Definitions are the knowledge, skills and behaviors required to enable an employee to perform his duties according to the tasks entrusted to him within the financial sector.
The Institute has developed financial frameworks in two categories:
Behavioral Structures: The skills and knowledge required to develop personal aspects that are part of the tasks required in the work such as the challenges of communication, influence and problem solving.

Technical Schedules: The skills and knowledge required for specific work according to the technical functions of the job, such as the roles of financial or technical analysis, which require specific knowledge and skills to perform the required role.
The framework of the framework targets staff at various levels, from the basic and the beginner levels, to intermediate and higher management levels.
How do we take advantage of the framework of patterns?
The human resources-based approach to human resource management provides many advantages, especially in the area of ​​learning and development.
For individuals, the staffing framework supports staff by:
• Clarity in expected performance
• Adapt to the direction of the organization's strategy
• High functional correlation
• Increase the level of efficiency of the employee
• Raising self-esteem
• Improve job satisfaction
As for institutions (banks, insurance companies, licensed companies, finance companies ...), the framework supports human resources, learning and development specialists, and business in general:
• Enhancing training efficiency
• Improve the quality of work
• Continuous assessment of skill level
• Enhance the concept of communication within the organization
• Develop a general framework for feedback
• Clarity of professional standards for work performance
• Employee career clarity

Future directions:
The Institute seeks to continue to review, update and develop the frameworks covering the financial services industry in the Kingdom. The Institute will continue to work with various stakeholders in the sector to ensure awareness, participation and contribution in the development and adaption of the competencies. ​