Skills a must for professionals to navigate challenges

SBP deputy chief stresses need for investment in skill development of treasury staff

KARACHI:

State Bank of Pakistan (SBP) Deputy Governor Dr Inayat Hussain has underscored the need for providing treasury professionals of financial institutions with the skills necessary to navigate the challenges of an evolving financial landscape.

His remarks were delivered at the launch of the Treasury Management Certification, where he highlighted the pivotal role of continuous learning in ensuring the long-term success of professionals within the financial industry.

The course has been jointly developed by the CFA Society Pakistan and the National Institute of Banking and Finance (NIBAF).

Hussain commended the collaborative efforts of the SBP, NIBAF, the CFA Society Pakistan and the Financial Market Association for developing a certification programme tailoured to meet local market needs.

He pointed to the challenge of maintaining quality standards and ensuring the curriculum remained aligned with the advancing technology and market practices.

Encouraging the financial industry to seize the opportunity, Hussain urged institutions to encourage their treasury staff to register for the certification.

He stressed that investing in staff development would enable professionals to not only effectively manage risks and ensure compliance, but also leverage new technologies and adapt to dynamic market conditions.

CFA Society Pakistan Director Mohammad Shoaib said that NIBAF and the CFA Society had collaborated to develop a local certification in treasury management that was custom-designed to meet requirements of local capital and money markets.

He added that the certification covered conventional treasury products and concepts besides offering learning opportunities in Islamic treasury functions, critical for conversion of the entire financial system into the Islamic mode, as per directives of the Supreme Court of Pakistan.

The event, attended by executives from the SBP, the CFA Society, the Financial Market Association and NIBAF, marked a significant step towards enhancing professional capabilities of the treasury staff in the financial sector.