Singapore, 1 March 2018: The educational arm of the International Chamber of Commerce (ICC), the ICC Academy, and one of the leading financial services group in Asia, DBS Bank, have launched a specialised e-course entitled “Managing Trade Products” (MTP). The advanced-level curriculum is designed to help trade finance professionals in banks – in charge of product management, sales or operations – acquire the skills and know-how to expertly manage a successful trade product management team.
To sustain competitive advantage, bank professionals need to understand customer needs in order for them to manage their trade finance business effectively and efficiently. Coupled with customers’ expectations for faster turnaround times and the increasingly complex regulatory environment, banks are challenged to react swiftly to evolving market conditions while remaining profitable.
According to ICC Academy General Manager Daniel Kok, the Managing Trade Products e-course helps tackle this issue. He said: “Our latest e-course enables candidates to gain a comprehensive understanding of what trade product management entails; a manager’s role and responsibilities; as well as the life-cycle and business environment of trade products. This means mastering not only how to deal with the performance of products but also sentiments of internal working partners.”
Managing Trade Products can be taken independently or as an elective of the Certified Trade Finance Professional (CTFP) certification. The e-course also complements the Trade Operations and Trade Sales programmes.
Managing Trade Products comprises four modules, covering:
- an introduction to trade finance products;
- organisational functions to help internal partners with product innovation;
- how to engage collaboratively with the trade community; and
- sales and execution approaches to define and deliver business strategies and action plans.
The e-course enriches learning with real-world examples, interactive activities, curated videos and other resources to cultivate practical skills that broaden or deepen existing knowledge. Candidates taking the e-course can expect to complete it within 5 hours.
Commenting on the partnership, Lim Him Chuan, Group Head of Product Management for DBS Bank’s Global Transaction Services said: “DBS is privileged to have the opportunity to jointly curate and deliver this e-course with the ICC Academy. As a leading trade bank in Asia Pacific, trade finance is an integral part of our transaction banking business. We have been actively participating in industry-wide initiatives in a bid to foster a vibrant and buoyant trade ecosystem.”
Mr Lim continued: “Leveraging off our deep expertise in trade finance and strong Asian connectivity, we hope to add value to this course by sharing our insights and experiences with other practitioners in the industry and positively impact the trade finance business as whole.”
MTP has been accredited by London Institute of Banking (LIBF) with 5 credit points. The ICC Academy and LIBF work in partnership to allow trade finance professionals worldwide to easily maintain their qualifications.
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