The Professional Designation Framework offered by the IOBSA is presented in the figure 1 below.
Note: The final designation – “Chartered Banker SA” (pending SAQA approval) will be based on passing a board exam. Further information will be made available in due course
The Institute registered five (5) professional designations in its capacity as Professional Body, namely:
- Licentiate of the Institute of Bankers in South Africa (LIBSA)
- Certified Associate of the Institute of Bankers in South Africa (CAIB(SA))
- Associate of the Institute of Bankers in South Africa (AIBSA)
- Professional Banker of the Institute of Bankers in South Africa (PBSA)
- Fellow of the Institute of Bankers in South Africa (FIBSA)
All designations include an experiential component as part of the IOBSA requirements for awarding the designation. IN ORDER TO QUALIFY FOR A DESIGNATION YOUR EMPLOYMENT IN THE SECTOR MUST BE CURRENT OR NO MORE THAN 2 YEARS AGO. EMPLOYMENT IN THE SECTOR WHICH ENDED MORE THAN 2 YEAR’S PRIOR TO THE APPLICATION WILL NOT BE CONSIDERED WHEN AWARDING A DESIGNATION.
The Higher Education Qualification Sector Framework provides further guidance to members as to the qualifications which will be recognized for the evaluation of the academic component in the awarding of the various IOBSA designations. Refer (HEQSF) (figure 2) below:
In addition to expand on the HEQSF we include the NQF Level July 2011 and the NQF Descriptors March 2012 information as it relates to the evaluation of the academic component as published by SAQA.
The process of gaining a professional designation can be explained in four (4) steps:
- Application – As a member of IOBSA (IOBSA Application Form A Membership) / (IOBSA Membership Update Form C), determine the level of the qualification which you hold and complete the application form (IOBSA Application Form B Designation) and submit this with the “membership fee” payment to the Institute.
- Registration – the IOBSA process for awarding the professional designation is a registration process. Once a designation application has been checked for compliance against the professional designation standard, then compliant members are registered and awarded the designation.
- Certification – successful member applicants are awarded the professional designation and a certificate is issued by the IOBSA on receipt of the “designation fee” payment to the Institute.
- Maintenance – members are required to maintain their designation through keeping their membership status current, signing of and adhering to the Code of Professional Conduct and complying with the CPD policy of the Institute.
The IOBSA designation application process is detailed in the figure 3 below:
Code of Professional Conduct
All members are required to subscribe to the IOBSA Code of Professional Conduct and are required to submit their undertaking in writing by signing the IOBSA Code of Professional Conduct Declaration.
The Professional Conduct is supported by the IOBSA Disciplinary Code and under this code, the professional found guilty of an offence; could be subject to:
- A warning being issued by the IOBSA;
- A fine being raised against the IOBSA member;
- The professional designation being withdrawn;
- Prevention from being able to gain membership of the IOBSA again; or
- Other sanctions.
Maintenance of Professional Designation
The professional designation status needs to be maintained by the member. This includes three different criteria, namely:
- IOBSA Membership – this must be kept up to date annually;
- IOBSA Code of Professional Conduct – the member must subscribe to the code and submit this undertaking in writing annually to the IOBSA; and,
- IOBSA CPD Programme – the member must participate in the CPD programme as stipulated by the IOBSA.
Failure to comply with these requirements will result in the professional designation being revoked by the IOBSA.