In the UK, steps have been taken since 2016 to ensure improved outcomes for consumers of financial services. One such initiative has been the introduction of the Certification Regime. This forms part of the regulatory drive to increase the accountability of individuals working in the sector but who are not part of the Senior Managers Regime. The Certification Regime applies to employees whose role means it is possible for them to cause significant harm to their firm or customers. These roles are called 'certification functions' and include roles where individuals are in customer-facing roles that are subject to qualification requirements.

Under the regime firms must assess and certify that these people are fit and proper to perform their role. This has to be done on recruitment and, thereafter, at least once a year;  in most firms this usually forms part of the performance review process. It can be a difficult, complex and time-consuming task for firms to undertake; checking competence, behaviour and personal characteristics. But help is on hand whether you are an employer or employee.

Building on our many years of experience in assessing individuals' professional competence, and working with our colleagues at the Chartered Institute for Securities and Investment (CISI), we have introduced a ‘Certificate of Professionalism.’ It is available to members that wish to have formal recognition of their personal commitment to maintaining their professional knowledge and skills, whilst upholding the highest standards of professional behaviour.

Our Certificate of Professionalism can help firms by providing independent verification of an individual’s standing. When combined with evidence from within the firm of an individual’s fitness and propriety, the Certificate demonstrates a commitment to upholding standards of behaviour and competence that exceeds regulatory requirements, in a way that addresses the spirit as well as the letter of the rules.

And it’s easy: no complicated application form, no additional cost.  Institute members that have met our requirements can simply log into their Institute homepage at charteredbanker.com and they will be able to download a copy of their Certificate of Professionalism, certifying their competence, behaviour, fitness and propriety. 

Certificates are issued annually in January to members that have met our ongoing requirements, but can be downloaded at any time through the year.

We expect our members to demonstrate their competence, behaviour, fitness and propriety by meeting, as a minimum, each of the following requirements:

  • Professional Knowledge: individuals must hold a relevant professional banking qualification either awarded by or recognised by the Institute; and 
  • Continuing Professional Development (CPD): individuals must complete, and provide evidence of their CPD. This should be relevant to their role, and maintain and/or develop  the knowledge gained through their professional qualification(s). We require all members to demonstrate a minimum of 5 hours of professional ethics education and development activities; and
  • Commitment to Code of Professional Conduct: individuals must make a personal commitment to the expected values, attitudes and behaviours set out in the Chartered Banker Code of Professional Conduct and be a member in good standing of the Chartered Banker Institute.

We also publish a public register of all members that have successfully gained and maintained their Certificate of Professionalism. 

If you are a member and qualify for the Certificate of Professionalism, please ensure you are logged in before attempting to download your certificate. If you experience any problems please contact: [email protected]

 

How we can support you.

For further information on how we can support you and your organisation with Certificates of Professionalism, please contact our Professional Development team. 

Get in touch

 

Frequently Asked Questions

What qualifies as a relevant qualification?

This can be:

  • a complete qualification, recognised by the Institute, with a minimum of 20 credits at QCF Level 3 / SCQF Level 7, or equivalent; or
  • a complete qualification, recognised by the Institute, with a minimum of 12 credits at QCF Level 4 / SCQF Level 8, or equivalent; or
  • a qualification approved by the Financial Conduct Authority (FCA) and set out in the Appropriate Qualifications Table of the FCA Handbook.

How soon after completing / registering my relevant qualification with the Institute will my Certificate become available

As soon as all the formalities relating to the approval of your qualification and your membership status have been completed.

What can I do with my Certificate of Professionalism?

Certificates of Professionalism can be used by individuals and employers to demonstrate competence, behaviour, fitness and propriety, and assist in the certification of individuals to meet the requirements of the PRA and FCA's Certification Regime. They can also be used more widely to demonstrate professional status to employers, colleagues and customers. 

How do I maintain my Certificate of Professionalism?

Certificates of Professionalism will be automatically re-issued each year to those who remain a member of the Institute, making an annual commitment to the expected values, attitudes and behaviours set out in the Chartered Banker Code of Conduct, and meet our CPD requirements. 

How long is a Certificate of Professionalism valid for?

Certificates of Professionalism are valid for one calendar year, from 1st January to 31st December (i.e. they are aligned with the Institute's CPD year). For individuals meeting the requirements for a Certificate of Professionalism during the course of a year, Certificates will be valid until the end of that calendar year. 

Can my Certificate of Professionalism be withdrawn?

Certificates of Professionalism remain the property of the Chartered Banker Institute. If individuals fail to continue to meet the requirements set out above (e.g. they do not complete CPD, or they allow membership to lapse), Certificates may be withdrawn where an individual is found to have breached the Chartered Banker Code of Professional Conduct

What if I'm not a member of the Institute?

Provided you meet the requirements set out, you may qualify for a Certificate of Professionalism. Please note that you will be required to become a member of the Institute, and additional fees may apply for the accreditation and verification of your existing banking qualifications. 

For further information on how we can support you and your organisation with Certificates of Professionalism, please contact [email protected]