Are you aiming to embark on a career in financial services? Looking for a job opportunity in the financial sector? ifs Malta can guide you through the different opportunities.
Have you completed your first degree? You need to further your studies with a professional qualification? This will help you specialise in a specific sector, thus
gaining more skills in your working field. ￼￼If you’re heading towards a career in Career Choice in financial services ifs Malta can help.
Are you considering changing your career path; perhaps willing to embark into the financial services world? If the answer is yes, a number of qualifications offered through ifs Malta will definitely suit your needs. The Institute can provide you with the assistance needed to make the best decision.
Do you consider yourself as an experienced professional? You can broaden your horizons and knowledge by undertaking a professional Degree or Masters programme offered through ifs Malta and awarded by International well-recognised bodies. These courses will help you not only improve your skills but also further enhance your career.
ifs Malta offers Master level courses: the Chartered Banker MBA jointly awarded by Bangor University and CIOBS (Chartered Institute of Bankers in Scotland) and the Masters in Wealth Management awarded by the CISI (Chartered Institute for securities & Investments).
We are living in a financial world driven by constant evolvements within a regulated environment. Senior management hold the responsibility to ensure their employees are competent. The local sole regulator, the Malta Financial Services Authority (MFSA) is cognisant of the fact that CPD (Continuous Professional Development is useful to firms to demonstrate that they have assessed their employees as component.
In accordance with the Malta Institute of Accountants (MIA) statute, the Continuing Professional Education Regulations are established in order to ascertain that all its members do maintain and improve their professional competence and skills.
Further information can be accessible directly from the MIA website onwww.miamalta.org
Retail banking provides basic banking services to the general public. Most of the time retail banks work with consumers, thus it is also known as ‘retail customers’. On the other hand they can also work directly with businesses, thus serving as commercial banks.
Services offered : savings and transitional accounts, mortgages, personal loans, debit and credit cards.
Financial advice is the service given by the financial advisors to help individuals manage their finances. Advice could be on money issues such as investments, insurance, mortgages, savings, estate planning and retirement plans. Wealth Management is also an investment advisory that incorporates financial planning, investment portfolio management and a number of other financial services.
Services offered: financial advice: advising on life and pension policies, mortgages, savings and investments
Wealth Management: advisory/discretionary
Wholesale banking deals with larger institutions, like providing services to other banks or large corporations, where as retail banking would focus more on the individual or smaller business. Wholesale banking usually conducts transactions with large amounts of money and wholesale clients can be prioritised more highly than individual customers.
Services offered: currency conversion, working capital financing, large trade transactions, cash management services, foreign exchange, business-to-business payments, trust services, custodial services, commercial lending and trade finance.
Asset Management refers to the system that manages the physical assets during their life in the organisation. It is a systematic process of operating, maintaining, upgrading and disposing of assets cost-effectively. Asset management can also refer to the management of a clients investments by a financial services company. The latter would invest on behalf of its clients giving him access to a range of product offerings that would not normally be available to the normal investor.
Services offered: asset management is a continuous process covering the whole life of the asset; needs analysis, economic appraisal, planning, budgeting, pricing, acquisition and disposal, recording valuation and reporting and management in use.
Operations cover a broad category of functions offered within an investment firm to support all holistic roles of the organisation.
Services offered: administration of the settlement of trades, administration of clearing processes, custody administration, administration of corporate actions, fund administration, client services, operational risk and information technology relating to investment operations.
Retail insurance is mainly the service offered by the insurer to the general public. They assist them with risk management strategies appropriate to their risk profile, thus offering the best suitable policies to protect them against possible risks. Wholesale insurance is similar to retail insurance, with the only difference that in wholesales insurance policies are offered to large companies to help them protect themselves against risks such as life insurance.
Services offered: advising and arranging insurance policies, e.g. Pension plans, life assurance, medical insurance, critical illness insurance, car insurance, home insurance.
￼Accountancy is the practice of accounting, which is one of the key functions for almost any business. Accounting allows a company to analyse the financial performance of the business, and look at statsitics such as net profit. One of the aims of accounting is to provide managers with reliable information on the costs of operations of the company and on standards with which those costs can be compared. This will then be of great assistance to the managers when it comes to budgeting.
Services offered: accounting, book-keeping, payroll, auditing, taxation.