Financial Academy receives over 17,000 trainees since 2020: Official

Director General Mana Al-Khamsan

Saudi Arabia’s Financial Academy has received more than 17,000 trainees since its establishment in 2020, and provided nearly 100 training programs, Director-General Mana Al-Khamsan told Argaam, on the sidelines of the Financial Academy Forum 2022. 

He added that the academy is an extension of the former Institute of Banking, noting that its new strategy includes a number of diverse training programs, including general, specialized and online programs.

Further, Al-Khamsan indicated that the academy fully targets the financial sector represented in the banking, finance, insurance and financial market sectors.

“The goal of establishing the academy is to unify efforts between the Capital Market Authority (CMA) and the Saudi Central Bank (SAMA) to provide training for the financial market sector,” Director General noted.

He also said the goal of establishing the academy is to invest in human capital, calling on all institutions to leverage this initiative in developing capabilities, especially amid the challenges witnessed by the financial sector as well as the accelerating technical revolution. This, accordingly, requires training and qualification for employees in the sector to reduce job rotation.

“The academy, through its training programs, aims to measure the impact, which is one of its main values,” Al-Khamsan said.

It also measures the satisfaction of beneficiaries after any training program, as well as the satisfaction of institutions and entities after providing training to their employees on a semi-annual basis, through questionnaires or holding meetings with training managers in such entities.

In addition, the academy conducts an annual evaluation of its training programs and professional certificates, to ensure that they achieve the expected goal, the top official concluded.