EIF signs accords to accelerate Emiratisation in financial sectors
The EIF exchanged memorandums with the Department of Human Resources in Sharjah, Columbia University, and the Wiley Edge company with the aim of enhancing cooperation and exchanging knowledge
The Emirates Institute of Finance (EIF), a regional leader in banking and finance training, has announced the exchange of two strategic Memorandums of Understanding and one collaboration agreement to accelerate the implementation of Emiratisation programmes in the financial sector.
The Mous were signed in the presence of Khaled Mohamed Balama, Governor of the Central Bank of the UAE and Chairman of the Emirates Institute of Finance (EIF). The Emirates Institute of Finance exchanged memorandums with the Department of Human Resources in Sharjah, Columbia University, and the Wiley Edge company with the aim of enhancing cooperation, exchanging knowledge and experiences. An agreement was also setled with Harvard Business Publishing Corporate Learning to pioneer a Sustainable Finance Programme. These successful signings will provide future financial leaders with the opportunity to develop skills that would allow them to compete at both national and global levels within the field of finance.
Noura Alblooshi, General Manager of the Emirates Institute of Finance, said, “Following the vision and guidance of our wise leadership, we aim to constantly provide our future financial leaders with opportunities to gain new skills and knowledge to become competent at national and global levels. Through the signing of these Mous, EIF’S future leaders will be a step closer to success, and the country’s vision of Emiratisation in the financial sector will be accelerated.” The first MOU was signed with Omar Khalfan Bin Huraimel Al Shamsi, Member of the Executive Council of the Emirate of Sharjah and Chairman of the Department of Human Resources.
Al Shamsi said, “Through this collaboration, future leaders in the finance and banking sectors will be provided with the qualifications, training opportunities, and advanced practical skills that are vital to succeeding in their careers. By signing this MOU, we also contribute to the vision of the UAE in increasing the Emiratisation rate within the financial sectors and achieving the optimal investment in Emirati Human Capital.”
He added, “The human resources department, through its strategic plan and this collaboration, aims to contribute to enhancing all the possible ways for young Emirati talents to allow them to develop cognitively and professionally in the implementation of the directives of the wise leadership aimed at building a strong and sustainable local economy.” Al Shamsi stressed the importance of collaborating with EIF, a leading financial institute in the region, as it professionally trains future financial leaders, creates job opportunities for them, and enhances their competitiveness in the labour market.
The Sustainable Finance Programme designed by Harvard Business Publishing, Corporate Learning and EIF is made to cater to 30 individuals and addresses issues like climate risk, sustainable lending, and broader ecosystem concerns. Participants will gain knowledge through interactive learning experiences, case studies, and real-world applications, giving them the skills needed to navigate through the evolving field of sustainable finance. All programme participants will have the opportunity to be awarded a joint certificate from Harvard Business Publishing Corporate Learning and Harvard Business School Online.
Vinay Hebbar, Executive Vice-president of Harvard Business Publishing Corporate Learning, said, “For us at Harvard Business Publishing Corporate Learning, it’s an honour to work with the Emirates Institute of Finance on the Sustainable Finance Programme. This initiative is a testament to our commitment to Environmental, Social, and Governance (ESG) principles, and we’re excited about the impact it will have on the UAE’S financial sector. Following the momentum of COP 28, it’s clear that the path towards sustainability is not just a trend but a critical evolution in how financial decisions are made.”
The third exchange was between EIF and Steven Blomgren, Senior Director of Business Development and Corporate Partnerships at Columbia University, as well as Becs Roycrot, Vice President of Global Emerging Talent and Client Success at Wiley Edge. Becs Roycrot said, “This collaboration reaffirms our commitment to nurturing emerging talent and bridging the global talent gap in technological innovation in the finance sector. The programmes we deliver are designed to prioritise skills that a business needs and allow current employees to add to their existing skillset. This not only adds to their career development, it enhances their value to the business.”
Theemiratesinstituteoffinancehasannounced recently the launch of “Ethraa Alumni Association (EAA)” during the Ramadan Networking Event to foster a community among EIF’S graduates.
The main objective of the Ethraa Alumni Association is to build an EIF community to allow the alumni to continue to grow, learn, and widen their horizons within the fields of banking and finance. Through the EAA, graduates will be able to develop their careers through the job postings, resume workshops and mentorship programs that EIF is planning to provide.