ACI -The Financial Markets Association is the largest international professional body for dealers and back office personnel in the wholesale financial markets.
ACI provides a suite of specialized examinations targeting Foreign Exchange and Money Markets, Derivatives, Repos, Risk Management etc for both front, middle and back-office staff.
Training courses for ACI examinations are delivered by ACI Lebanon in collaboration with third parties. Courses delivery date and details are announced on our website in due course of time.
The wholesale financial markets are dynamic and fast changing and these conditions demand highly qualified people with wide-ranging market skills and knowledge. ACI's education program sets out syllabi in three subject areas that test:
Skills
Knowledge And The Understanding Of Wholesale Financial Market Products,
The Market Environment And Professional Behavior
ACI's Education Program provides a globally acknowledged, portable, professional qualification that enhances career prospects, improves job performance, and sets benchmarks within the industry.
ACI regularly communicates with a wide range of national Regulators on the education and training of market participants. ACI also works closely with regulatory bodies in a number of countries to ensure that market standards, ACIs examinations and regulatory requirements all find common ground.
All of the
ACI examinations in Lebanon are electronically delivered in English by Prometric. Related information is on our website as well as exam syllabi and sample questions.
The ACI Dealing Certificate
The ACI Dealing Certificate is a foundation program that allows candidates to acquire a working knowledge of the structure and operation of the major foreign exchange and money markets, including the ability to apply the fundamental mathematics used in these markets, and their core products (cash, forwards and derivatives), and the basic skills required for competent participation, including the ability to apply the fundamental mathematics used in these markets. Candidates should also be able to apply The Model Code to their situation
The course is designed for the following groups:
New Entrants And Junior Dealers (0-18 Months Experience) In The Dealing Room
Middle Office And Operations Personnel
Auditors And Compliance Officers
The ACI Dealing Certificate is a precursor to the ACI Diploma
The ACI Diploma
The ACI Diploma builds on the ACI Dealing Certificate and the ACI Operations Certificate and is designed to ensure that candidates acquire a superior theoretical and practical knowledge of the foreign exchange and money markets, their related instruments, and the linkages that exist between those markets and the practice of risk management. Candidates are expected to have acquired a solid grounding in the core subject areas and have the requisite skills in financial mathematics prior to matriculating for the Diploma.
Whereas formerly exam questions for the Diploma were focused on the markets in London and Frankfurt, they have now been extended to encompass developments in Asia and the Americas, ensuring that the examination retains its global relevance. In addition, the new Diploma covers a wider range of topic baskets, including a greater emphasis on risk management in the light of recent developments in global financial markets. In addition to FX and money markets, the new ACI Diploma covers Fixed Income, Options, FRAs, Swaps, as well as both fundamental and technical analysis.
The course is designed for the following groups:
Senior foreign exchange and money market dealers
Corporate and bank treasurers
Senior operations staff
In order to be eligible to take the ACI Diploma examination, candidates must have passed either the ACI Dealing Certificate or the Operations Certificate examination.
There have also been changes to the structure of the Diploma: it now only offers multiple choice questions and calculations. Candidates must now answer 107 questions in three hours and the minimum passing score for each of the nine topics is 50% and a 60% mark overall.
ACI Operations Certificate
No transaction can take place without the back-office. It provides a vital service to the front office by ensuring that all funds flow in a timely and correct manner and all the necessary documentation is completed. This examination has been designed to provide a benchmark for competency in all aspects of the operations process.
It aims at testing candidates' knowledge of:
The Underlying Instruments Involved In The Financial Markets;
The Processes For Efficient Settlements;
Risk Management;
Compliance and Documentation across FX
In particular, this program is designed for:
Operations staff with at least 2 years of experience and seniors;
Other Trading Room Support Areas;
Internal and external Auditors;
Compliance and Risk Officers;
Product Control;
Vendors
The new Operations Certificate supports treasury operations teams and related groups to efficiently cope with stronger competition in the financial markets and to smooth co-operation with supervisory bodies. Candidates will become up-to-date with the latest developments that affect the treasury operations. It also helps candidates to develop a front to end treasury view in terms of process promoting a better understanding between trading community and operations staff. The Operations Certificate replaces the old Settlements Certificate which expired end December 2007.
