This policy relates to the UIBFS Continuous Professional Development (CPD) requirements and the relevance of CPD for members, including recommended and unacceptable CPD.
- UIBFS CPD Requirements
UIBFS shall implement mandatory CPD for all members (excluding Students and Honorary Fellows). Member CPD requirements are set below.
UIBFS CPD REQUIREMENT PER MEMBER CATEGORY:
|MEMBERSHIP LEVEL / CATEGORY||CPD HOURS REQUIRED|
1.1 On an annual basis, Affiliates are required to complete 20 CPD hours, Affiliate Professional – 25 CPD hours and Certificated Professional – 30 CPD hours. In all these categories 5 hours of the CPD is required to be completed in Ethics and Integrity, which can be structured or unstructured.
1.2 On an annual basis , Associates, Members and Fellows are all required to complete 35 CPD hours, 5 hours of this CPD is required to be completed in Ethics and integrity, which can also be structured or unstructured.
1.3 All CPDs must be recorded on the UIBFS Online CPD System. Members will be required to record their CPD on the UIBFS Scheme and reflect on their learning within their learning objectives and outcomes.
1.4 CPDs undertaken must be relevant to the member’s current role and any anticipated changes to that role. All CPD recorded, as Structured is required to be evidenced and 30 mins or more in duration to be considered as structured learning.
1.5 Members are reminded to ensure they also meet their own internal CPD requirements as these would supersede the UIBFS requirements if the CPD requirements set, are higher.
1.6. Members must note that CPD requirements may change, due to changes in legislation/ regulation within the financial services industry set by regulators or changes set and determined by the UIBFS Board of Directors.
- Recommended CPD Guidelines for Members
The UIBFS CPD programme is twofold; structured programmes which are mandatory and unstructured programmes and both programs shall be recognized in earning CPD Units.
A Structured CPD course is any form of formal learning activity that is designed to achieve specific learning outcomes and is capable of being objectively verified by a competent source. The examples of evidence that could be used for verification purposes include confirmation of participation by a provider, instructor or employer, assessment of learning outcomes achieved, examination results transcript and publication of a professional article. Structured Learning must be a minimum of 30 minutes.
An Unstructured CPD course is any informal learning activity where the focus is on knowledge sharing.
Such learning activities may be measurable in terms of hours, but may not be verifiable. These activities also contribute to the development and maintenance of professional competence, but would not be considered to form part of the prescribed quantum of structured CPD.
Credit hours will apply to structured and unstructured CPD Programmes and shall be earned in the following ways:
Structured Learning Activities
|Participation in conferences, seminars, courses, workshops and other professional education activities organized by UIBFS or other professional bodies or organizations||1CPD Hour for each hour of active participation, up to a maximum of 5 CPD hours per year.|
|Attending in-house courses presented by the employer or organizations engaged by the employer||1 CPD hour for each hour of active participation up to a maximum of 5 CPD hours per year.|
|Undertaking online or face-to-face courses conducted by tertiary education institutions, leading to a degree or post graduate or doctoral qualification||1 CPD hour for each hour of study time, up to a maximum of 20 CPD hours per year.|
|Participation and completion of a Chartered Banker module or other specialist programme module||1 CPD hour for each hour of participation, up to a maximum of 5 CPD hours per year.|
|Other third party providers, where there is assessment of learning outcomes achieved by means of examination or otherwise||1 CPD hour for each hour of participation, up to a maximum of 5 CPD hours per year.|
|Preparation and delivery of courses under the auspices of UIBFS, other professional bodies or educational institutions related to banking as lecturers or examiners||1 hour of presentation earns 5 CPD hours for the first delivery.|
|Presentation of a paper or address in conferences, seminars or workshops||Address at conferences, seminars or workshops 1 hour of presentation earns 5 CPD hours. No CPD hour is earned for repeat presentations which are substantially similar in content.|
|Writing of articles, papers or books on banking and related subjects for publication||1 CPD hour for each hour of participation, up to a maximum of 5 CPD hours per year|
|Undertaking research or study projects on banking and related topics that result in presentations, reports or similar documentation||1 CPD hour for each hour of research up to a maximum of 5 CPD hours per year|
|Unstructured Learning Activities|
|On-the-job training provided by the employer that relates to the development or advancement of professional competencies||1CPD hour for each hour of training up to a maximum of 5 CPD hours in a year|
|Participation in discussions with internal experts on technical subject in banking/Service to the Community/International/National Appointment||1 CPD hour for each hour of participation up to a maximum of 5 CPD hours per year|
|Receiving coaching and mentoring to improve personal or technical skills||1CPD hour of coaching or mentoring up to a maximum of 5 CPD hours per year|
|Reading books, journals, magazines and other publications on banking and related subjects||1CPD hour for each hour of reading up to a maximum of 5 CPD hours per year|
|Self-study through electronic media such as watching videos, webcasts or podcasts that do not involve formal assessment or certification of completion||1 CPD hour for each hour of self-study up to a maximum of 5 CPD hours per year|
|Facilitating a discussion session in conferences or seminars||1 CPD hour for each hour of facilitation with a maximum of 5 CPD hours per year|
|Providing professional development support as a mentor or coach||1 CPD hour for each hour of coaching or mentoring provided up to a maximum of 5 CPD hours per year|
|Service on the committees or sub-committees of UIBFS or by other professional bodies or organizations that contribute to the advancement of banking knowledge and practice||1CPD hour for each hour of participation up to a maximum of 5 hours per year|
3.0 Inadmissible CPD:
There are a number of activities that cannot be recorded as CPD, which are listed below:
- Appraisals / one-to-ones / performance reviews
- Meetings where no measurable learning has taken place
- CPD undertook that does not cover financial related subjects
- Activities that are part of the job role, rather than a learning activity
- Social events
4.0 Implementation of the CPD Programme:
The implementation of this CPD program will be done in January every year. The Membership & Business Development Department and Training Department will oversee the implementation of the CPD Programme. Members shall be required to submit online or record all the learning and development activities that they have undertaken over the membership year; whether completed with UIBFS, through other organizations, or even activities they have done on their own. Once they have completed a particular CPD year and submitted all the CPD records, they shall receive a CPD certificate as proof of commitment to ongoing development.
5.0 CPD Submission Timelines and Sanctions:
- A member submits CPD Records by 31st December every year
- The Institute evaluates and responds to members by 31st March
- A notification is issued to a member who fails to submit by 31st
- Such a member will be required to carry over and take the cumulative CPDs in the next year.
- A member who receives a cumulative of 2 notifications may forfeit their membership or
membership level or have to defend it to the Disciplinary Committee panel
6.0 CPD Audit and Monitoring
- All members using the UIBFS CPD Scheme that successfully complete their CPD can be randomly selected for audit. UIBFS shall select up to 10% of its members for audit annually. A sample of Members subject to mandatory CPD will be randomly selected each year for review. Members selected for review will need to demonstrate their compliance with the CPD requirements and will be asked to provide evidence of learning activities or verification of the competencies they have developed through their chosen CPD activities.
- Members who have not complied with the CPD requirements will be given a verbal warning and additional time may be given to comply with the requirements.
Where a Member fails to complete the CPD requirements within the extended time allowed, the matter will be referred to the UIBFS Management Committee, which shall determine the course of action to be taken. The UIBFS Management Committee may refer cases where willful and persistent non-compliance is suspected to the Membership & Education Board Committee, which may lead to disciplinary action.
The Uganda Institute of Banking & Financial Services will evaluate and verify all unstructured activities undertaken by every member with a view to establishing the veracity or otherwise of the said activity. As a result, members shall be advised to submit their attendance notification slips of all the CPDs organized by the Institute. The Institute will also keep a “register” of attendance on each CPD. Any member who attends any CPD program not organised by the Institute would be required to furnish the Secretariat with the following information:
- Resource Person
- The Organiser
|7.0 CPD Administration/ Tracking|
|• Online Log in reports|
|• Online Completion of assessment reports|
|• Personal online submission of CPD with evidence of the same|
8.0 Ethics and Integrity
- All members will sign and be required to adhere to the Professional Code of Conduct, non adherence will invoke disciplinary action, hearing, and suspension / dismissal where appropriate
- Action taken will be communicated to the industry
- At least 5 of the annual member CPDs must be in ethics and Integrity
9.0 UIBFS Definitions:
CPD is the continuing professional development upon meeting initial competence requirements. Members should maintain the knowledge and skills required to undertake their daily roles by completing CPD. CPD should include technical knowledge and its application, skills, and expertise, and changes in the market and products, legislation, and regulation in the area or their work.
Ethics CPD may include elements of CPD on risk, regulation, and integrity if they include learning which focuses on individual behavior, risk assessment, and/or decision making, in which case the CPD will be accepted towards the member’s ethics CPD target.
Member: For the purposes of this policy, the meaning of members, includes all members excluding students and Honorary Fellows.
UIBFS CPD Scheme is the CPD recording system that enables members to record their CPD and maintain their records. Available to all members for free.
Structured CPD is a planned activity undertaken for the express purpose of learning. Structured learning must be 30 minutes or more to be recorded as Structured and be verifiable.
Verifiable CPD is CPD where an individual is able to obtain third-party verification that they have undertaken the CPD activity. A full list of what the UIBFS will accept as evidence can be found on the UIBFS Membership Portal/website at: www.sms.uibfs.or.ug
Unstructured CPD is an activity that is unplanned with no predetermined learning objective or outcome i.e. reading or CPD that doesn’t meet the minimum 30 minutes required for Structured Learning.
Soft Skills are personal qualities and attitudes that can help you to work well with others and some of these activities normally include training to improve; communication, decision making, leadership, problem-solving skills.
Research is the systematic study of varied sources with the specific purpose of advancing knowledge to assist in the development of a project or writing of an article or presentation.
Certificate of Professionalism is a certificate offered to members to confirm competence, continual professional development and professionalism
|Topic||Area||Target Participants||Duration||Dates||Time||CPD Points||Venue|
|Enterprise Risk Management for Financial Institutions||Risk||Risk, Finance, Business, Audit||2 Hours||2nd February||4.00 -6.00pm||2||Online via zoom|
|Customer Relationship Management: the key tenet of customer acquisition, retention and expansion strategy||Operation||ALL||2 Hours||5th February||4.00 -6.00pm||2||Online via zoom|
|Whistle Blowing/Ethics Awareness||Risk||ALL||2 Hours||11th February||4.00 -6.00pm||2||Online via zoom|
|Essential Regulatory Compliance||Risk||Managers Risk, Compliance, Audit, Legal||2 Hours||12h February||7.30 -9.30am||2||Online via zoom|
|Fundamentals in a Compliance Monitoring and Assurance Programme||Compliance||Compliance,
|2 Hours||17th February||7.30 -9.30am||2||Online via zoom|
|Basic Assets and Liabilities Management – ALCO||Treasury||Treasury,
|2 Hours||19th February||4.00 -6.00pm||2||Online via zoom|
|Resilient organisations thrive even in times of uncertainties: What do great managers do differently||Soft Skills||ALL||2 Hours||24th February||4.00 -6.00pm||2||Online via zoom|
|Identification and management of problem loans||Credit||Credit/Loans Supervisors,||2 Hours||25th February||7.30 -9.30am||2||Online via zoom|
|The relevance of ratios and financial statements in Business decision analysis||Credit||Managers,
|2 Hours||26th February||7.30 -9.30am||2||Online via zoom|