WAM Pilot Programme

Financial Incentive Scheme for Professional Training

Background

The pilot programme to enhance talent training for the asset and wealth management sector (the WAM Pilot Programme) is funded by the HKSAR Government as part of its effort to facilitate the long-term sustainable development of the sector. The WAM Pilot Programme will last three years commencing from 2016, targeting at undergraduate students and in-service practitioners, with a view to attracting new blood and enhancing the professional competency of the sector.

  1. Financial incentive scheme for professional training (“the Scheme”), which is one of the three initiatives, aims at: enhancing the competency and professionalism of in-service practitioners within the asset and wealth management sector; and
  2. assisting other practitioners within the financial services industry to acquire the knowledge and skills required for entering the asset and wealth management field.

Please refer to the WAM Pilot Programme website (www.wamtalent.org.hk) for details.

Financial Incentive

In-service practitioners of the financial services industry will be eligible for the Scheme.  They will be reimbursed 80% of the course fees, subject to a maximum of $7,000 (whichever is the lower) upon satisfactory completion of a course or seminar under the selected programmes of the Scheme.

Each individual may apply for fee reimbursement for more than one course / seminar, up to a ceiling of $7,000 per person over the three-year period of the Scheme.

Application to reimburse the course fees, together with the required documents, must be submitted within four months from the last day of the course attended.  Please refer to the WAM Pilot Programme website for application details.

Eligible Courses and/or Seminars

The following courses and/or seminars relating to WAM offered by the Hong Kong Investment and Securities Institute (HKSI Institute) are eligible under the Scheme.

ModuleDuration
Asset Management Fundamentals Programme
1

Overview of Legal and Regulatory Framework for Securities & Futures Industry (*)

15
2

Financial Markets (*)

15
3

Regulation of Asset Management

10
4

Asset Management

10
Back office Fundamentals for Wealth and Asset Management Programme
1

Overview of Legal and Regulatory Framework for Securities & Futures Industry (*)

15
2

Financial Markets (*)

15
3

Dealing, Clearing and Settlement Practices

24
4

Operational requirements under the SFO

12
5

Compliance, Risk Management and Controls

24

Enhanced Competence Framework: Certified Private Wealth Professional (CPWP) Programme:
Module 1 – Technical, Industry and Product Knowledge

1

Overview of PWM Industry, Products and Services

2
2

Fixed Income Investments

2
3

Equity Securities

2
4

Foreign Exchange

4
5

Derivatives

4
6

Structured Products

4
7

Alternative Investments

2
8

Unit Trusts and Investment Funds

2
9

Lending and Leverage

2
10

Wealth Planning

3
11

Portfolio Management - Theories & Practices

4
12

Behavioural Finance

3
13

Mainland China and Asia-Pacific Financial and PWM Markets

3
14

Customer Relationship Management

3

(*) common module