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About the Financial Academy
Learn about our story, mission, strategic goals, and inspiring leaders.
Our Story
The Financial Academy has started operating on the basis of its long history and experience in the field of training and professional development in addition to its experience in offering professional certificates, so that its services cover all sub-sectors related to the financial sector: Banking, Insurance, Financing, and Capital Market, as well as relevant bodies, and new graduates wishing to join the financial sector. The Financial Academy began operating based on its first note in 1965, when it was founded under the name of the Institute of Banking; it was a training department affiliated to the Saudi Central Bank, formerly Saudi Arabian Monetary Authority (SAMA). It aimed to implement the best international training practices in order to sharpen the technical and administrative skills of workers in the banking sector at that time. The institute’s business evolved year after year. In 1989, its powerful identity was enhanced to cover the financing and banking sectors under the name: The Institute of Banking (IoB). With the expansion of the scope of work and the need of the insurance sector to qualify its employees, IoB was rebranded into the Institute of Finance (IoF) in 2014. In 2019, with the cooperation of the Capital Market Authority and the Saudi Central Bank, the Financial Academy was established to cover services in the financial sectors: (Banking, Insurance, Financing, and Capital Market). The Capital Market Authority and the Saudi Central Bank Are considered key partners in establishing the Financial Academy and covering its financial budget in accordance with the memorandum of cooperation signed between them in this aspect, as part of the initiatives of the Financial Sector Development Program, one of the main programs of Saudi Vision 2030. In 2020, the Financial Academy became an independent legal and administrative entity on the basis of the Council of Ministers Decision No. (538) as of April 14th, 2020 approving the establishment of Financial Academy concerned with developing Human capital capabilities working in the financial sector.
Our History
1965
Establishment of the Banking Training Institute as a department under the Saudi Central Bank
1989
Transformation into the Banking Institute, covering banking and finance sectors
2014
Transformation into the Financial Institute, covering the insurance sector
2019
Renaming the Institute to the Financial Academy to include the Securities sector
2020
The Financial Academy became an administratively and financially independent entity
2023
Cabinet approval for the final organization of the Financial Academy
Vision and Mission
Vision
To be the leading Academy in developing human capabilities in the Financial Sector.
Mission
To drive the development of human capabilities by offering training programs, certifications & innovative solutions tailored to the changing needs of the Financial Sector.
Value
Impact
Focus on achieving tangible results through monitoring and measuring the impact of the activities and services of the Financial Academy on the career growth of the sector workers.
Inculcating the principles and activities of continuous professional development in the financial sector in Saudi Arabia.
Inculcating the principles and activities of continuous professional development in the financial sector in Saudi Arabia.
Partnership
Promotion of constructive dialogue with stakeholders in the Financial Academy’s domain.
Building effective strategic partnerships that serve Our Strategic priorities.
Building effective strategic partnerships that serve Our Strategic priorities.
Caring
Focusing on trainees and ensuring that their professional and training needs are met.
To deal with all concerned parties with respect, such as trainees, trainers, partners, employees and clients.
To deal with all concerned parties with respect, such as trainees, trainers, partners, employees and clients.
Excellence
Achieve outstanding levels of performance.
Continuously add value to stakeholders by understanding requirements, anticipating and meeting needs, and exceeding expectations.
Continuously add value to stakeholders by understanding requirements, anticipating and meeting needs, and exceeding expectations.
Our Strategic Priorities
Build
a diverse portfolio of training programs and certifications to align with sector trends and advance employee readiness for roles within the Financial Sector.
Strengthen
relationships with stakeholders through fostering innovative solutions that support Financial Sector excellence and growth.
Elevate
internal capabilities & tools to support the strategic direction, promote a culture of excellence, continuous learning, & ensure financial sustainability.
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The Financial Sector Development Program (FSDP) is a key enabler of Vision 2030 goals, serving as a major tool for advancing the national economy and stimulating sustainable development, through fostering financial stability, diversifying income sources, and stimulating saving and investment.
In this context, TFA seeks to empower the financial sector with a unique blend of knowledge diversity, offering highly-distinguished training programs, with a focus on measuring the expected impact. The Academy has an interface for exchanging financial expertise with stakeholders to serve interests of the sector, while strengthening its partnerships with major partners like the Capital Market Authority, Saudi Central Bank, and Insurance Authority.
Thus, TFA ensures excellence and leadership in areas of training and developing the workforce within the industry branches.
Board of Directors
Organization Hierarchy
Academy Board of Trustees
Chief Executive Officer
Legal Affairs
Cyber Security
CEO Office
Internal Audit
Business Intelligence & Innovation
Business Intelligence & Reporting
Professional Standards
Innovation & Products
Capacity Development
Training & Development
Banking & Finance
Capital Markets (Securities)
Insurance
Custom Programs
Leadership Programs
Product Delivery
Training Delivery
Examination Delivery
Meetings & Seminars Delivery
Marketing & Communication
Marketing & Branding
Sales
Customer Relations
Events
Strategy
Strategic Planning
Quality Assurance
Project Management Office (PMO)
Data Governance, Risk & Compliance Office
Shared Services
Finance
Procurement & Contracts
Human Resources
Facilities & Services
Digital Transformation
Enterprise Architecture
Business Applications
Infrastructure & Operations
Digital Training Center
Academy Board of Trustees
Chief Executive Officer
Internal Audit
Legal Affairs
Cyber Security
CEO Office
Digital Transformation
Enterprise Architecture
Business Applications
Infrastructure & Operations
Digital Training Center
Shared Services
Finance
Procurement & Contracts
Human Resources
Facilities & Services
Strategy
Strategic Planning
Quality Assurance
Project Management Office (PMO)
Data Governance, Risk & Compliance Office
Marketing & Communication
Marketing & Branding
Sales
Customer Relations
Events
Capacity Development
Product Delivery
Training Delivery
Examination Delivery
Meetings & Seminars Delivery
Training & Development
Banking & Finance
Capital Markets (Securities)
Insurance
Custom Programs
Leadership Programs
Business Intelligence & Innovation
Business Intelligence & Reporting
Professional Standards
Innovation & Products
