The Securities Industry Development Corp (SIDC) has introduced a new Industry Competency Framework (ICF) to further enhance the competitiveness of industries in view of the changing global landscape.
SIDC, the learning and development arm of the Securities Commission Malaysia, said in a statement yesterday, the new framework was a universal guide for competency capabilities for capital market professionals.
“ICF is timely and not only to address the industry’s talent gap but also to cater for possible future challenges by enhancing organisational capabilities,” SIDC CEO Sharifatul Hanizah Said Ali said.
Comprising 58 competency titles and covering 105 job roles, the ICF is the first comprehensive competency framework for the Malaysian capital market, it said.
Moving forward, the ICF will serve as a building block for the development of competency-aligned qualifications and training programmes for the capital market, including SIDC’s Capital Market Professional Qualification, which is slated to begin at the end of the year, said SIDC.
The ICF outlines the required knowledge, skills and attributes for relevant roles under the regulated capital market activities, with a specific set of indicators and measurement criteria.
SIDC said among the framework’s key features is the competency dictionary, a tool that describes the core competencies related to specific roles, along with their associated required competency level.
“The framework is expected to expand the curriculum for Continuing Professional Education, a mandatory technical knowledge, skills and ethics programme for capital market professionals, to include behavioural competencies such as self-management skills, people management skills and organisational leadership skills,” added SIDC. — TMR