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The Financial Academy (FA) announced the formation of a development advisory committee at the level of the banking sector, within the framework of its vision to enhance efficiency and excellence in the financial sector by developing and improving the skills of human cadres, in order to identify training and development needs in the sector and make recommendations to improve the overall performance of professionals in the financial sector.

The advisory committee aims to enhance the efficiency of development programs dedicated for human cadres in the financial sector so as to develop the skills and knowledge of personnel in the financial institutions, and work to identify training and development needs, in addition to providing specific recommendations specially designed for improvement of training programs and development of professional certificates and skills necessary for professionals in the financial sector. Moreover, the committee acts as a direct communication platform that enables the Academy to understand requirements, accurately identify needs, and ensure that they are met.

This advisory committee is the first to be formed for the development of human resources in the banking sector with the membership of a group of qualified professionals of the highest calibre in the areas of training, development and capacity building. The committee is chaired by Mr. Muhammad Al-Hamazany from the Financial Academy, with membership of representatives of banks in the Kingdom as follows: Mr. Fahd Al-Harbi, representative of Al-Rajhi Bank, Ms. Al-Jawhara Al-Harthi, representative of Riyad Bank, Ms. Mona Mohammed Al-Sabeg, representative of the Saudi British Bank (SABB), Mr. Omar Al-Dossary, representative of the Gulf International Bank, Mr. Rafed Al-Zawawi, representative of Bank AlJazira, Mr. Yasser Al-Dakhil, representative of Bank Albilad, Mr. Ahmed Al-Babtain, representative of the Arab National Bank, and Ms. Hessa Al-Askar, Secretary of the Committee from the Financial Academy.

The advisory committee will submit technical recommendations in several areas, including the development of training and development programs related to the banking sector. The Committee will also propose implementation of joint initiatives and projects to develop the sector, revision of legislative and regulatory requirements in terms of developing and training human resources and submission of recommendations thereon, evaluation of various training and development programs ensuring their quality and effectiveness, analysis of the needs of the sector and provision of appropriate solutions, and promotion of cooperation and coordination between banking sector institutions with regard to developing training and development programs.

The committee will further focus on the development of the skills of professionals in the banking sector and improvement of the level of performance and efficiency by providing innovative solutions towards enhancing capabilities and development in the banking financial sector, in partnership with the Financial Academy so as to strengthen efficiency and excellence in this vital sector, thus contributing to the achievement of the goals of the financial sector development program, one of the Kingdom's Vision 2030 programs.​