ACI Operations

Overview

No transaction can take place without the back-office. It provides a vital service to the front office by ensuring that all funds flow in a timely and correct manner and all necessary documentation is completed. This examination has been designed to provide a benchmark for competency in all aspects of the operations process.The ACI Operations Certificate supports treasury operations teams and related groups to efficiently cope with stronger competition in the financial markets and to smooth co-operation with supervisory bodies. Candidates will become up-to-date with the latest developments that affect the treasury operations. It also helps candidates to develop a front to end treasury view in terms of process promoting a better understanding between the trading community and operations staff.

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Outcome

Increase career opportunities nationally and internationally with a global qualification.

Fulfilling the requirements established by financial services authorities for regulated activities.

Learn a global standard and skill set which is unique in treasury.

You will become part of a global community of thousands of ACI Certificate Holders.

Supporting your organization to successfully pass risk assessments conducted by regulators.

Details

Developed by: ACI FMA - Financial Markets Association

Standard Total Hours: 30 Hrs
Language: English - Bilingual "English & Arabic"
Modalities: 
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Outline

  • Describe the roles of dealers, brokers and operations officers.
  • Understand the reasons for the segregation of duties and separate reporting lines.
  • Depict the workflow of a transaction, encompassing all aspects of the settlement process from deal capture through to management and exception reports.
  • Explain the importance of Straight Through Processing (STP) related to timely processing, risk, cost and accuracy, as well as the possible ways to improve STP.
  • Explain the quality management measures necessary to ensure a high quality customer-orientated service.

  • Understand the usefulness of confirmations.
  • Explain the importance of checking and confirmation matching processes.
  • Describe the use of automation in the confirmations procedure.
  • List the different types of SWIFT messages and their usage.
  • State the different steps between deal entry and trade confirmation.
  • Describe the different ways in which trade information can be generated.
  • Be aware of how the segregation of duties should be applied in trade generation and capture.
  • Know how the trade information received from the Front-Office should be validated.

  • Understand the use of correspondent banks, accounts.
  • Explain cut off times for payment with good value or short dates.
  • Define the different types of domestic and international payment systems.
  • Describe different types of settlements such as delivery versus payment, netting and Continuous Linked Settlement (CLS).
  • Expand upon the CLS system and parties involved.
  • Understand the use, functioning and advantages of bilateral and multilateral netting procedures.

  • Explain the mechanism of a reconciliation system.
  • Detect mismatching figures (importance of timely identification).
  • Interpret mismatching figures.
  • Control incoming and outgoing flows.
  • Calculate and agree brokerage, including the checking of discounts.
  • Identify the different moves to resolve an outstanding item step by step.
  • Resolve and close outstanding items.

  • Explain the different ways of financial communication and transfer transactions.
  • Describe the different types of static data.
  • Define the standard settlement instructions management (usage, maintenance and advantages).
  • Outline standing data files and tables.
  • Understand the management of customer data within the different systems as well as the basic procedures to ensure the “know your customer”

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Who Should Attend

  • Senior foreign exchange and money market dealers Corporate and bank treasurers Senior operations staff

Why Beacon

Quality

Beacon FinTrain prioritizes excellence in every service, ensuring top-notch, reliable, and consistent outcomes that meet and exceed client expectations.

Specialization

We focus on finance, offering expert knowledge and bespoke solutions that cater to the unique needs of finance professionals in the Middle East and Africa.

Punctuality

Time is money. We respect deadlines, delivering precise and timely results to help our clients stay ahead in the fast-paced financial world.

Guidance

Beacon FinTrain is a guiding light in finance, providing insightful advice and support to navigate the complexities of financial markets and regulations.

Integrity

We uphold the highest ethical standards, fostering trust and transparency in all our dealings to build lasting relationships with clients.

Flexibility

Adapting to the dynamic finance sector, we offer versatile services and solutions that align with the evolving needs of our clients.