The term ‘Mandatory training’ is of quite recent origin. Towards establishing and promoting minimum standards of competency and improving service or product delivery governments, regulatory bodies and voluntary organizations in charge of the respective industries have been promoting training and certification as a way to achieve such objectives and promote public good. Laying down code of ethics for its member is also an important objective of such Mandatory training and certification.
India as a fast emerging power, has also decided to embrace mandatory training and/or certification in a wide gamut of areas to improve professional standards all around.
GOLS, as a pioneer in the eLearning industry, saw this as an important business opportunity. We realised that this is set to play an important role in the overall training industry. To begin with, we offer a number of training programs for an important vertical like BFSI (Banking, Financial Services and Insurance), which deals directly with money, wherein competency in the respective field, service standards and ethics are of prime most importance. Training provided by GOLS not only meets but exceeds quality standards prescribed by the certifying authority .We provide robust and scalable training infrastructure, and excellent pre and post training services. We pay special attention to ease of use for both end-users and training mangers in respective organizations.
We are known for highest ethical standards and practices. Our customers deal with complete trust in us.
We are a Authorised Training Institution for pre-recruitment and recertification training for life and non-life Insurance by Insurance Regulatory Development Authority of India (IRDA)
We are also accredited by Financial Planning and Standards Board, India (FPSB, India) as Education Providers for Certified Finance PlannerCM (CFPCM) and Associate Financial PlannerCM (AFPCM) course.
The Certified Financial PlannerCM (CFPCM) designation is a certification mark for financial planners conferred by the Financial Planning Standards Board, India, which is affiliated with the Financial Planning Standards Board (FPSB), the international owner of the CFPCM mark outside the United States.
CFPCM certification is a global benchmark for competency, ethics & professional practice standards to provide comprehensive Financial Planning services
Other Mandatory Certification Training Offered:
We also offer Training for AMFI (Association of Mutual Funds of India) courses of Basic and Advisors’ Modules.
AMFI conducts exam for Advisors’ module whereas Basic module is for basic financial literacy of all mutual funds investors.
The Securities and Exchange Board of India (SEBI) has made it mandatory for any entity / person engaged in marketing and selling of mutual fund products to pass AMFI certification test (Advisors Module) and obtain registration number from AMFI. Firms and corporates will have to obtain certification of registration from AMFI, and all employees of corporate distributors engaged in selling and marketing of mutual fund products have to pass the AMFI certification test (Advisors Module) and obtain registration with AMFI before canvassing business of mutual funds.
The certification program was launched by AMFI in July 2000 and SEBI made it mandatory for all Intermediaries in September 2000.
AMFI examination is divided into the following categories:
- AMFI Test (Basic) Module
- AMFI Test (Advisors) Module
Diploma – DIPLOMA IN BANKING & FINANCE [ D.B.F.]
- Diploma exam conducted by IIBF(Indian Institute of Banking and Finance)
- Diploma in Banking & Finance will impart banking and finance knowledge and skills together with technology-familiarity and customer-orientation.
- High quality academic rigour and specially prepared courseware.
- Candidates undertaking the course will have comprehensive and up-to-date knowledge in the subject of banking and finance. The Diploma offers practical insights into the subjects while, at the same time, emphasizes robust theoretical foundation.
- The course will make the candidates job ready.
- The course is so designed that most employers would value it for talent scouting.
- This will ensure that banks can reduce their post recruitment training intervention.
- The course is cost effective and at the same time of high quality. At an additional fee, candidates can seek educational support in the form of e Learning/virtual classes/contact classes.
- The diploma carries professional recognition among the banking and finance community as it is equivalent to banking industry recognized JAIIB qualification of IIBF.
Any person who is a graduate (in any discipline of study, including Arts, Science, Commerce, Engineering, Technology or Management) or above from any University recognized by UGC, or students appearing for final year graduation will be eligible to enroll for the examination. (For the final year graduate students, the Diploma in Banking & Finance Certificate will be issued only on successful completion of the graduation course and production of Graduation Certificate)
Objectives - The course will give knowledge inputs to the candidates and expose them to the operational processes and modern banking environment so that they can man the counters at the bank from the first day of their joining the bank. It is expected that successful candidates would have a competitive edge and will be absorbed by banks and financial institutions. As a result of this, Diploma in Banking & Finance would emerge as a preferred professional qualification with graduation for employment in banking and finance industry. Candidates successfully passing the examination shall be eligible for jobs in banking industry at the entry level position/Junior Executive.
JAIIB / CAIIB
IIBF Members are those individuals who are Life members of the Institute and are employees of a banking establishment or financial institution or any other institution, which is an Institutional Member of the Institute.
JUNIOR ASSOCIATE OF INDIAN INSTITUTE OF BANKING & FINANCE (JAIIB )
This is the pre-qualification required to get entry in the banking industry , particularly entry level jobs in the banks
FEATURES OF JAIIB
JAIIB aims at providing maximum level of basic knowledge in banking and financial services, banking technology, customer relations, basic accountancy, legal aspects necessary for carrying out day to day banking operations.
- MEMBER OF THE IIBF
- Matriculation / SSC Exam & Existing employee of any bank in India
Objective : JAIIB aims at providing maximum level of basic knowledge of banking & financial services, banking technology , customer relations, basic accounting & legal aspects necessary for carrying out day-to-day banking operations Candidates passing the exams will be eligible for promotion in the banking industry as Junior Executive. .
CERTIFIED ASSOCIATES OF INDIAN INSTITUTE OF BANKING & FINANCE (CAIIB)
Objectives : CAIIB aims at providing knowledge necessary for better decision making covering risks, finance & General bank management.
Benefit : Candidates passing the exams are eligible for promotion to middle and higher level positions in the banking industry.
NCFM () Courses
NCFM tests the practical knowledge and skills required to operate in the financial markets. NCFM Training and certification consists of the following modules:
SEBI Committee on `Regulatory Framework for Financial Derivatives in India’ had recommended that all brokers-members and sales persons/dealers in the derivatives market must pass a certification program . Based on the Committee’s recommendations, SEBI issued guidelines for the conduct of the certification examination. The Derivatives Market (Dealers) Module certifies brokers-members and sales persons/dealers in the derivatives market.
The module equips the candidates with the knowledge and skills required for dealers in Commodities Market Module.
Currency Futures Module
Currency futures represent the world’s biggest financial market. Currency hedging in India will no longer be limited to the over-the-counter (OTC) products, such as forwards, swaps and options and it will be possible to trade on currency futures on an exchange platform.Currently, it is traded at BSE, NSE and MCX exchanges . SEBI has made it mandatory for all participants to possess the certification before commencing trading .
The course provides a detailed study about the functioning of currency futures markets, the features of various products, the classification of products, and the regulatory framework. Students who diligently study this course, will be benefited immensely and pass the currency futures certification courses of BSE & NSE.
Partial list of Customer
ICICI Prudential Life Insurance
Reliance Life Insurance
ING Vysya Life Insurance
Cholamandlam General Insurance
Bajaj Life and General
ICICI Lombard General Insurance
Future Generali Life and General
New India Assurance Co Ltd
Life Insurance Corporation of India (LIC)
Bharti AXA General Insurance Company Ltd
Universal SOMPO General Insurance Company Ltd
Online training course for CFPCM certification Preparatory Course for Association of Mutual Funds of India, AMFI
Accreditation Institution FPSB,India
CFPCM, CERTIFIED FINANCIAL PLANNERCM and are certification marks owned outside the U.S. by Financial Planning Standards Board Ltd. Financial Planning Standards Board India is the marks licensing authority for the CFP marks in India, through agreement with FPSB.