The Securities Industry Development Corporation (SIDC) in Malaysia announced the addition of three new competencies to its Industry Competency Framework (ICF).

These additions address the increasing demand for professionals skilled in Sustainable and Responsible Investment (SRI) and Shariah-compliant products and services.

Responding to Market Shifts

The new competencies ensure the ICF stays relevant in the evolving capital market landscape. They equip professionals with the skills needed to thrive in this dynamic environment.

The ICF has now expanded to include 61 competency titles covering 149 job roles in different capital market activities. This entails roles related to dealing with securities and derivatives, fund management, corporate finance advising, investment and financial planning, and private retirement schemes.

Building a Future-Ready Workforce

“We are navigating constant change in the capital market today and our professionals work in a competitive market environment. SIDC’s ICF helps them to be future-ready and be equipped with the right skills in the marketplace,” says Tengku Zarina Tengku Chik, chief executive officer of SIDC.

Tengku Zarina adds, “The new competencies will also allow organisations to identify capacity building gaps of their workforce so they could strategise and plan ahead to grow their organisations.”

Focus on Sustainability and Shariah Expertise

The three new competencies focus on:

• Sustainability: Two new competencies cover foundational aspects of SRI Products and Sustainability/SRI Analysis. Also, the existing competency on Corporate Governance has been updated to reflect current trends in sustainability practices.
• Shariah Advisory: This new competency equips professionals with the knowledge and skills required for activities related to Islamic Capital Market (ICM) products and services. To complement this development, the existing competency dictionaries on ICM Regulations and Products have been revised to provide a holistic understanding of this vital area.

ICF and Competency Management System (CMS): A Powerful Combination

The ICF, the first comprehensive framework of its kind in Malaysia, is accessible through the CMS, an online platform centralising the ICF, assessments, and development activities.

The CMS serves as an online solution for continuous development in the capital market industry. It facilitates competency assessment based on the ICF and identifies areas for targeted skill building.

Individuals and organisations can leverage the CMS to assess their own or their employees' competency levels and identify areas for improvement based on the ICF framework.

For more information on the CMS and ICF, visit: cms.sidc.com.my

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Source: SIDC