SIDC unveils new competency framework to enhance industry
The Securities Industry Development Corporation (SIDC) has introduced a new Industry Competency Framework ( ICF) to further enhance the competitiveness of industries in view of the changing global landscape.
In a statement yesterday, SIDC, the learning and development arm of the Securities Commission Malaysia, said the new framework was a universal guide for competency capabilities for capital market professionals.
Comprising 58 competency titles and covering 105 job roles, the ICF was the first comprehensive competency framework for the Malaysian capital market, it said.
Moving forward, the ICF would serve as a building block for the development of competency-aligned qualifications and training programmes for the capital market, including SIDC’s Capital Market Professional Qualification which would begin at the end of the year, said SIDC.
The ICF outlines the required knowledge, skills and attributes for relevant roles under the regulated capital market activities, with a specific set of indicators and measurement criteria.
Among the framework’s key features is the Competency Dictionary, a tool that describes the core competencies related to specific roles, along with their associated required competency level.
“The framework is expected to expand the curriculum for Continuing Professional Education, a mandatory technical knowledge, skills and ethics programme for capital market professionals, to include behavioural competencies such as self-management skills, people management skills and organisational leadership skills,” added SIDC.