Securities Industry Development Corporation (SIDC), the learning and development arm of the Securities Commission Malaysia (SC), today introduces a new Industry Competency Framework (ICF) to provide universal guidance for competency capabilities for capital market professionals. The move aims to further enhance competitiveness of the industry in view of the changing global landscape.

SIDC CEO, Sharifatul Hanizah Said Ali said, “ICF is timely not only to address the industry’s talent gap but also to cater for possible future challenges by enhancing organisational capabilities. Designed to drive sustainable performance by empowering current professionals and employees in the industry, it functions as a useful tool for assessing competencies for career mobility and progression in the capital market.”

Moving forward, 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 (CMPQ) which will be rolled-out at the end of the year. It details the required key knowledge, skills and attributes for relevant roles under the regulated capital market activities, with its specific set of indicators and measurement criteria.

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. Comprising 58 competency titles and covering 105 job roles, ICF is the first comprehensive competency framework for the Malaysian capital market.

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.

SIDC works closely with the SC in setting the competency standards for the capital market industry. It develops, maintains and administers the SC Licensing Examinations and the mandatory Continuing Professional Education (CPE) programme for Capital Markets Services Representative’s Licence (CMSRL) holders for the Malaysian capital market.

SIDC also plays a significant role in developing the talent pipeline for the Malaysian capital market. Through its unique talent development programmes, the SIDC has successfully produced quality professionals for both the conventional and Islamic capital market.

Source: Media Release


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