Program Brief

While banking benefits from consistent digital advancements, it also experiences the risks and challenges. To provide the best possible service to their customers, banks need to keep up with these conditions and develop a skillset that will enable them to implement intelligent strategies. SMIB is benchmarked against descriptors at Level 6 in the UK Regulated Qualifications Framework (RQF). SMIB shares the strategy influencers that drive change and innovation in the banking and finance industry. As a manager, it will provide participants with the skills they need to devise and implement strategies and achieve organisational goals. Moreover, Participants will study the concept of strategy, how to analyse the factors that drive change and learn how to understand the risks and threats associated with strategic choices. The course teaches participants how to use customer journey and service design processes for the digital age.(* 300 hours (6 Months) is the overall qualification time ,that participant may need to complete a program, including hours spent unsupervised in research, learning, e-learning, e-assessment, completing assignment, completing homework, exam preparation, and formal assessments)

Sectors
Program Topic
  • Innovation and Digital Transformation
Program Goals

At the end of the training program, the participant should be able to:

  • Evaluate the different strategic management and organisational concepts and their role within a banking context.
  • Discuss how strategy is determined and the strategic options available within a banking context.
  • Analyse how strategy can be implemented, monitored and evaluated within a banking and finance context.
  • Evaluate how disruptive innovation is changing the banking landscape.
  • Understand the ‘new’ customer of banking products and services, their desired future experiences and changing expectations, and evaluate this impact on bank services.
  • Understand customer journey design principles and their application for the new banking/financial services customer.
  • Understand and critically evaluate the product innovation process and its application in designing new value streams.
  • Understand and evaluate the new capabilities required to support the customer journey and services of a digital bank of the future.
Program Agenda
Module 1: SMDT Strategic Management and Digital Transformation in Banking
  • 1 Understand the concept and role of strategy

    • 2 Evaluate the main external drivers for strategic change

      • 3 Assess the impact of the internal environment on strategy

        • 4 Examine the range and value of different leadership and management strategies utilized by organizations

          • 5 Evaluate the nature and scope of the key considerations when developing strategy

            • 6 Assess strategic options and justify the choice of the most appropriate strategy within a banking context

              • 7 The challenges of strategy implementation

                • 8 The contribution and effectiveness of a range of change management processes

                  • 9 Organizational structure and impact on power and influence in financial services organizations.

                    • 10 Techniques for monitoring and evaluating strategy

                      • 11 The importance of strategic innovation to the Banking Value Chain, products and services

                        • 12 Understand how organizations are becoming data driven

                          Assessment of Module 1
                          • 1 A written assignment. Word count of 3,000-3,500 words. Harvard referencing is required and you must submit your work through (TurnitinUK)

                            • 2 The written assignment will contribute 50% to the final mark.

                              • 3 Pass mark 50%.

                                Module 2: PSDB Product Innovation and Service Design in Banking
                                • 1 Understand the product innovation process for a digital service

                                  • 2 Recognize the customer models across the different business lines within a bank

                                    • 3 Evaluate the impact of changing customer expectations across different customer models in banking

                                      • 4 Evaluate customer needs across different customer models and how this relates to the customer personal

                                        • 5 Understand the benefits of customer journey design as a process and application within banks

                                          • 6 Evaluate the customer journey process and how to use it to facilitate new and improved customer experiences

                                            • 7 Recognize the types of digital services that can be applied along the stages of the customer journey to improve the customer experience, to create a ‘sticky experience’, and to form a digital customer journey

                                              • 8 Critically evaluate the impact of a customer journey transformation gap on a value stream as part of the service design process

                                                • 9 Critically analyze the role of banks in the future financial services value chain

                                                  • 10 Evaluate the services required to support the customer journeys of the future

                                                    • 11 Evaluate what a digital bank looks like in the future and the capabilities required to support this future digital bank

                                                      Assessment of Module 2
                                                      • 1 A written assignment. Word count of 3,000-3,500 words. Harvard referencing is required and you must submit your work through (TurnitinUK)

                                                        • 2 The written assignment will contribute 50% to the final mark

                                                          • 3 Pass mark 50%

                                                            Program Requirements

                                                            Not Available

                                                            Program Path

                                                            Names of the training programs that are integrated (enriched) with the training program:

                                                            • Not Available

                                                            Names of the training programs that after the training program:

                                                            • Not Available
                                                            Program Method
                                                            • Other
                                                            Evaluation Method
                                                            • Other
                                                            Training Type
                                                            • Online Training

                                                            Add Comment

                                                            CAPTCHA

                                                            Realted Program

                                                            Leading Innovation in Financial Institutions

                                                            The Financial Sector Development Program enables financial institutions to better support private sector growth, develop more advanced capital markets and improve the retail savings and investment landscape. Promoting and supporting a culture of innovation is obviously a critical milestone in achieving vision 2030 goals. This training programme is designed to equip participants with the necessary skills to lead their teams and organisations in an industry that will see significant disruption over the coming decade.

                                                            Details

                                                            Mergers and Acquisitions

                                                            To assess a potential merger and deliver the best deal, you must value the target company accurately, as well as negotiate effectively and apply proven concepts and tools to confidently enter the process. In this training program, participants will learn how to determine a target company’s worth, both in itself and to organisation. In addition, the program will cover how to use value fundamentals and free cash flow valuations, how to evaluate potential synergies between companies and the value they might bring, as well as how to finance the deal, focusing on highly leveraged transactions, and exploring debt capacity and affordable bid. The program also focuses on how to prepare for negotiations, the importance of effective leadership during the deal-making process, and how to assess bid tactics and the frameworks to predict and influence behaviour. Ideal for financial advisors, strategists, or anyone looking to advance in high-stakes investment roles, this program also provides a prestigious certificate from London Business School.

                                                            Details

                                                            Investing in Fintech Business

                                                            The program offers a comprehensive exploration of how technology is transforming finance. Through a series of expert-led lectures and interactive workshops, participants will delve into FinTech investment strategies and gain a thorough understanding of the sector’s dynamics. The curriculum includes an in-depth immersion into Silicon Valley’s ecosystem, providing valuable opportunities to connect with leading FinTech startups, seasoned investors, and industry experts. This experience highlights the lifecycle of ventures and strategies for strategic growth. Aimed at equipping attendees with critical insights, the program emphasizes the importance of legal compliance, the strategic value of investments, and the transformative impact of partnerships in the FinTech industry.

                                                            Details

                                                            Credit Analysis and Decision-Making Mechanisms

                                                            Choosing the right credit decision is the first line of defense for preserving lenders' capital, protecting creditors, and maximizing profitability for the bank. In this program, the participant gets familiar with the stages of credit decision-making according to the approved credit policy, the latest strategies for analyzing and calculating credit risks, local and international controls and standards, to be able to make a correct and successful credit decision that controls the expected risks.

                                                            Details

                                                            Financial Planning, Analysis and Forecasting

                                                            Since the financial statements provide us with historical information and total figures, the decision maker needs tools that enable him to enter into the details of this information and the indicators that show the relationship between them. Therefore, close knowledge of the tools of planning, analysis and financial forecasting is one of the basic skills needed to manage the financial resources of the enterprise. This program provides participants with the basic knowledge to analyze financial statements and how to use the extracted indicators in evaluating the performance of the enterprise, making decisions and drawing future plans and policies for it. Additionally, it covers the forecasting model that depends on a specific set of financial criteria on which the financial plan for the facility is based.

                                                            Details

                                                            Motor Insurance (M94)- Dip. CII

                                                            The Diploma in Insurance is a technical and supervisory qualification for insurance staff working across all sectors of the industry, and the logical progression from the Certificate in Insurance. The Diploma will provide you with a firm understanding of insurance fundamentals and will enable you to build towards advanced technical knowledge, thereby ensuring you have the means to function effectively in a challenging environment. Motor Insurance (M94) unit counts towards a Diploma in Insurance, it may also count towards the Advanced Diploma in Insurance. This training program provides an understanding of the risks faced by the various types of motor vehicles and the legal requirements associated with motor insurance. It includes relevant case law and an overview of the different types of motor insurance products available from the general insurance market.

                                                            Details

                                                            ESG in the Financial Sector

                                                            This comprehensive programme has been developed to enable participants to build a full, practical understanding of the environmental, social and governance (ESG) issues and risk factors and the principal economic, financial, and regulatory implications of ESG and sustainability. The programme fully covers the dimensions of environmental –including climate change as well as localised pollution– social and governance risk factors in addition to the principal themes underlying sustainability such as natural capital and circular economies.

                                                            Details

                                                            Workshop : From Financial Crime Risks to Financial Crime Prevention and Compliance

                                                            This one day workshop will consider the risks related to financial crime in the banking sector, the steps needed to undertake the necessary risk assessments and provide good practice examples in financial crime prevention. The workshop will also enable participants to consider regulator’s expectations and the information, frameworks, tools and resources that enable a sound compliance regime. Throughout the workshop, references will be made to the Saudi and wider GCC context. This 1-day in person workshop is aimed at managerial level staff in the banking sector. It will support managers in risk and compliance-related roles as well as senior managers who would benefit from a fuller understanding of financial crime prevention and the frameworks, tools and resources that enable a sound compliance regime.

                                                            Details

                                                            Fundamentals of Internal Auditing

                                                            The internal audit contributes to verifying that the establishment is committed to implementing the internal control systems represented by the policies and procedures established by the management; in order to protecting the assets of the facility and ensuring that it achieves its operational objectives. This program provides participants with the fundamental requirements of internal auditing, starting with the modern concept of internal audit, then standards and procedures for carrying out audit tasks, preparing the plan, designing worksheets, selecting samples, collecting evidences and documentation, and then preparing internal audit reports.

                                                            Details

                                                            Risk Based Internal Audit Plan Preparation

                                                            The risk-based internal audit plan plays a vital role in financial institutions by analyzing and evaluating potential financial and operational risks, thereby enhancing compliance with financial laws and regulations, and contributing to making sound strategic decisions that ensure sustainability and success. This program provides participants with the best practices and tools for Risk Based Audit planning aligned with the organization's strategic objectives. Participants will be exposed to international best practices for internal control systems’ and governance frameworks’ assessment to enable participants to help their organizations to improve the effectiveness and efficiency of the control operations and increase the likelihood of achieving those strategic objectives.

                                                            Details

                                                            Preparation Program for Risk in Financial Services Certificate Exam- from CISI

                                                            This training program aims to prepare participants with the knowledge and skills necessary to pass the The Risk in Financial Services program provides by CISI. This program covers the main areas of risk in financial services, by addressing international issues, and providing participants with a comprehensive and sound understanding of the principles of the risk management and control framework and corporate governance. The program also addresses the techniques used to identify and manage operational risks, credit risks, market risks, investment risks, and liquidity risks.

                                                            Details

                                                            Structuring Mergers & Acquisitions

                                                            Mergers and acquisitions are one of the most prominent ways organizations resort to expanding their markets, activities and products in order to increase their revenues and profits. Recent years have witnessed a significant growth in mergers and acquisitions all over the world, as the values and volumes of mergers and acquisitions have risen to unprecedented levels. This program is designed to enable those interested in expansion strategies and corporate finance, to understand the structure of mergers and acquisitions, financing models and evaluation, and to study the effects of mergers and acquisitions on related parties.

                                                            Details

                                                            IPO Masterclass for Professionals

                                                            A company's IPO is one of the biggest strategic decisions it can make during its financial lifespan and is considered the best way to raise capital and expand in the future. Due to the rapid growth of the financial markets، private companies were able to obtain liquidity، expand their shareholder base، and introduce radical structural and operational changes through public offerings. This training program aims to prepare participants with the knowledge، skills، and tools necessary to originate & execute IPOs. This training program aims to prepare participants with the knowledge، skills، and tools necessary to originate & execute IPOs.

                                                            Details

                                                            Digitalisation of Fund Management

                                                            This comprehensive program is designed to explore the transformative impact of technology on the fund management industry over the past two decades. This course will provide an in-depth overview of both technology and regulatory trends, highlighting key changes that have shaped the digital era. We will delve into enduring themes such as data, resilience, and connectivity, and discuss the importance of regulatory consistency. The program will also examine the implications of real-time connectivity, including the necessary technological and policy frameworks, obstacles, and risks, and how these can be leveraged in fund management for strategy, trading, risk management, and liquidity management. We will take a closer look at distributed ledger technologies (DLT), assessing their progress, limitations, and potential for liquidity management. Additionally, we will cover global regulatory trends with a focus on transparency and ESG. A dedicated section on AI will explore its applications, challenges, and opportunities in the investment world. Finally, we will address the organizational and operational challenges in a rapidly evolving landscape, emphasizing risk and governance, talent management, and the importance of building a learning organization.

                                                            Details
                                                            We value your feedback

                                                            Dear visitor, we hope that you will participate in improving and developing the services provided by the academy on the website.

                                                            Was it easy to find what you were looking for on the Academy's website?
                                                            Was the information presented on the Academy’s website sufficient and useful?
                                                            Please share with us your suggestions for developing the website
                                                            Thank you!