The FIBSA is awarded very selectively and reflects a professional and senior status in the financial services or banking industry. The professional designation can be awarded to IOBSA members or non-members.

AWARDING CRITERIA:

For the Professional Designation to be awarded, professionals must comply with the following minimum requirements: 

Underlying Registered Qualification or Part Qualification: 

A Fellow who has already gained the CAIB designation would have attained an NQF 6 qualification or equivalent. A list of IOB recognized qualifications is provided in the IOBSA Handbook. 

Experiential Learning or Experience: 

An applicant can only be nominated when they have demonstrated to have made a significant contribution to the sector. The Fellowship is a statement of seniority in the industry. The assumption is that a practitioner would take at least five years at managerial to achieve the competencies contained within this designation. 

Competency Assessment:

A desktop evaluation is performed on the application. IOBSA is currently engaging with Bankseta regarding the implementation of competency assessments /board exams.  

RETAINING CRITERIA:

In order to ensure the currency of professional knowledge and to retain the Professional Designation, the professional must comply with the following minimum requirements: 

Code of Conduct:

Members must adhere to the Professional Body Codes of Conduct and Ethics. 

Continuing Professional Development (CPD):

Members are required to complete a minimum of 20 hours of relevant, verifiable CPD activities in a reporting cycle. One relevant hour of CPD will earn the IOB member 1 CPD point (minimum of 50 minutes constitutes one hour). 

Fees: 

Ensure that the annual membership fee is paid.