Back Office Fundamentals for Wealth & Asset Management Programme

Overall Aim

To equip the target learners with the required knowledge and skills to enable them to enter into the Asset Management industry.

Programme Structure

Key topics to be coveredDuration
1. Overview of Legal and Regulatory Framework for Securities & Futures Industry Note 1
  • Regulatory overview of the Hong Kong financial industry
  • Principles of relevant Hong Kong law and the Companies Ordinance
  • Securities and Futures Ordinance (‘SFO’)
  • Licensing and registration, and subsidiary legislation
  • Business conduct and client relations
  • Business operations and practices
  • Participating in the Hong Kong exchanges
  • Corporate finance and SFC authorised products
  • Market misconduct and improper trading practices
15
2. Financial Markets Note 1
  • The global financial system
  • Financial system in Hong Kong
  • The equity market
  • The debt market
  • The foreign exchange and derivatives markets
  • Financial risk management
  • Applications in the financial sector
15
3. Dealing, Clearing and Settlement Practices
  • Overview of key process flow
  • Client documentation and account opening
  • Dealing and execution
  • Settlement and custody
  • CCASS
  • DCASS
  • Accounting system
  • Misleading and illegal practices
24
4. Operational requirements under the SFO
  • Overview of back office functionality
  • Technical and practical issues under the Securities (Contract Notes, Statements of Account and Receipts) Rules
  • Financial resources rules
  • Client money rules
  • Key control techniques and procedures for enhancing a firm’s ability to comply with the Client Securities Rules and the Client Money Rules
  • Auditor’s opinion on the compliance with the specified Rules as required by the Securities & Futures (Accounts & Audit) Rules
  • Approval of premises for record keeping purpose and the proper ways by which the required business records should be kept
12
5. Compliance, Risk Management and Controls
  • Overview of Compliance function
  • Purpose of compliance function and philosophy of compliance
  • Registration and membership
  • Fit and proper criteria
  • AML
  • Compliance function and Internal Audit function
  • Risk management function
  • Monitoring Compliance
  • Reporting Issues
  • Dealing with Change
  • Common Problems such as compliance concerns and ethical issues
24
Total: 90

Note 1: Modules 1 & 2 are the core and shared modules of the “Asset Management Fundamentals” Programme.

Participants are strongly encouraged to take Modules 1 and 2 prior to attending Modules 3-5.

Who Should Attend

This programme is primarily targeted to those who would like to gain a solid understanding of and/or those who plan to enter into the operations function of asset or wealth management companies.

Instructors

All classes are taught by highly qualified individuals who are subject matter experts with an excellent understanding of the knowledge area.  Instructors have substantial industry experiences in their relevant areas.

Medium of Instruction

The medium of instruction will be in English or Cantonese.

Continuous Professional Training (CPT) Recognition

Upon successful completion of each module, the participant will gain the equivalent CPT hours recognised by the Securities and Future Commission.

Completion Criteria

Participants are required to attend and complete all classes specified by each module. Attendance record will be issued based on the actual attendance record. For details, please refer to HKSI Institute's attendance policy and regulations.

Upon successful completion of all FIVE modules, the participant will be awarded the Certificate of Completion of this programme.

Schedule and Fees

Module Schedule Fees
Member
Note 1
Non Member
1. Overview of Legal and Regulatory Framework for Securities & Futures Industry Training calendar HK$ 3,750 HK$ 4,650
2. Financial Markets Training calendar HK$ 3,750 HK$ 4,650
3. Dealing, Clearing and Settlement Practices Training calendar HK$ 6,000 HK$ 7,440
4. Operational requirements under the SFO Training calendar HK$ 3,000 HK$ 3,720
5. Compliance, Risk Management and Controls Training calendar HK$ 6,000 HK$ 7,440

Note 1 – Member refers to HKSI Institute Individual Member or Staff of HKSI Institute Corporate Members
All fees are subject to change without prior notice.

Financial Incentive for WAM Pilot Programme

Effective 1 October, 2016, “Back Office Fundamentals for Wealth & Asset Management Programme” is one of the eligible courses/programmes under the WAM Pilot Programme.

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.

For Back Office Fundamentals for Wealth & Asset Management Programme, eligible individual can apply for course reimbursement upon satisfactory completion of each module. Please refer to the WAM Pilot Programme website (Financial Incentive Scheme) for application details.