Elements of Banking
Course Description
This course provides participants with the essential understanding of banking functions and covers domestic and international banking including International Trade and Foreign Exchange. It also offers participants the opportunity to study Islamic banking products in order to make an informed decision about career choices. Participants will also be introduced to the basics of anti-money laundering.
WHAT TOPICS WILL BE COVERED?
Describe the basic concepts, recent trends in the banking arena and the processes of domestic banking operations
– Identify different types of negotiable instruments and their functions and features
– Explain anti-money laundering processes, including the principles of KYC (Know Your Customer), and internal control policies.
– List the merits and demerits of regulations on the banking sector
– Analyse key banking products, their characteristics and the implications for advising customers
WHO IS IT FOR?
This course is designed to target new employees in the banking sector and existing employees in the early stages of their career who have limited practical experience
PREREQUISITES
Participants are expected to have foundation knowledge in this subject area coupled with relevant work experience