RAF Level I

Proportion

COMPLETED PROJECTS

Subscribe to the RAF 1 PROGRAM

  1. Who?

Participants have to have obtained minimum a bachelors’ degree. Last year’s students for an academic bachelor’s degree in economy, business management and/or accountancy are also welcome provided they present a recommendation from their Faculty board.

The rule will be that participants cannot participate to a higher degree certificate if they do not have the lower certificate. So, RAF 2 certificate can only be provided to those who already have a RAF 1 certificate.

  1. Where & When?

The organisation is grateful to receive training location gracefully from I&M Bank from the moment on their new building is finished. In the meantime, the courses will take place at the premises of RBA (Rwanda Bankers’ Association), 5th floor Makuza Peace Plaza Bloc C, Nyarugenge – Kigali

The face to face courses will be organised during the following time slots:

  • Between 6.00 and 9.30 p.m. from Monday till Thursday
  • During weekends from 9 a.m. to 12.30 p.m. on Saturday
  • 2 courses per month (except December) from October 15th 2019 till March 14th 2020

Once the face to face courses are finished, attendees will be enabled to start the e-Learning modules.

  1. Why subscribe?
  2. Own Competence – The RAF receives support from international training organisations[1] with a strong reputation to set up curricula that meet the needs of the Rwanda banking sector. But it does not seek recognition of its competence based upon the reputation of the international training provider. The strength of the RAF will come from its own competence, quality provided, transparency and sustainable high level.
  3. Skilful local trainers – The RAF structures the curricula through a training of trainers’ process provided by involved international training organisations. The main key element of success has therefore been that we have been able to find the necessary skilful local trainers, who followed the courses and acquired the competence and who contribute actively to the translation of international methodologies to local Rwandese situations and cases. Their willingness to continuously update the modules is the guarantee to success.
  4. Reputable evaluation Board – The reputation of the certificates supplied by the RAF is essential and is based upon the transparency and high standard level of the examination board. This last one has to be able to work independently, in collaboration with international experts whose demand align with the content of the e-Learning curricula provided by the RAF.
  5. Commitment to train employees – The success of this initiative lies also in the willingness of the financial sector to send their employees to the F2F courses, to participate in the e-Learning programs, to attend the yearly exams and also to keep financial professions updated.
  6. How to subscribe?

RAF 1 contains 9 modules of face to face courses blended with the same 9 modules in eLearning, preparing to the National Examen session. The cost for following the entire curriculum face to face is 805.000 RWF. This amount is to be paid up-front. The e-Learning sessions are compulsory because they prepare to the National Exam. They are to be paid after the face to face sessions are finished. Price for the e-Learning sessions is 225.000 RWF. Price for participating to the National Exam is 80.000 RWF. The global cost for RAF 1 is therefore of 1.110.000 RWF.

Application can be addressed directly to RBA (Tel: +250 788 888 888,Mail to: vincent@rba.rw) . Official proof of the Bachelor diploma has to be provided. Bank employees can subscribe through the HR department of their bank. Subscription is only valid after payment of 805.000 RWF. A numerus clausus is foreseen at 20 attendees. The rule is: first in, first served.

[1] In the case of RAF 1 courses and international trainers are provided by the Luxembourg House of Training.

Module 1 – Bank Organization & Banking Activity

Proposed duration :

  • 15-30 min pre-learning introducing the course’s key concepts
  • 16 hours class

Learning objectives :

At the end of this module, participants will have received an overview and understand the activities carried out within the banking sector, the developments these have undergone over time and the economic and financial rationale characterising the products and services offered by a banking institution. They will also have acquired the general financial terminology used in the sector’s business activities.

Programme :

  • What are banks and what do they do?
  • Origins and development of banking institutions
  • Universal banks, specialist banks and mortgage banks, bank branches and subsidiaries
  • Bank intermediation activities (Intermediation ratio, trends and current developments, Funding, reinvestment of funds and interest margin…)
  • Bank intermediation products (operations on capital markets, securities – transferable securities (fixed-income – variable-income and hybrid), foreign exchange, derivative products (swaps, options, futures, …), public debt markets
  • Structural components, business and product lines
  • New actors and new trends: banks vs. fintechs

Module 2 – Capital Markets

Proposed duration :

  • 15-30 min pre-learning introducing the course’s key concepts
  • 16 hours class

Learning objectives :

At the end of this module, participants will have gained a basic understanding of international financial markets as they operate across the world today. While there are many ways to understand financial markets, the approach used in this course is to look at financial markets in terms of four different components:

  • Financial Markets ‐ What are financial markets and how can we understand them?
  • Financial Instruments ‐ What are the financial instruments that are used in financial markets and how can we describe them?
  • Financial Activities ‐ What are the main activities that are performed in financial markets?
  • Financial Players ‐ Who are the different players in financial markets and what functions do they perform?

Programme :

  • Presentation of the different actors, products and markets (money, bonds, equities, currency, options, alternative markets)
  • What are the financial instruments that are used in financial markets and how can we describe them (financial assets, money markets, bonds, derivatives,…) ?
  • What are the main activities that are performed within financial markets ?
  • The impact of globalisation and technical innovations affecting capital markets

Module 3 – Bank Accounts and Payment Services

Proposed duration :

  • 15-30 min pre-learning introducing the course’s key concepts
  • 16 hours class

Learning objectives :

At the end of this module, participants will have gained a sound general knowledge of bank accounts and payment instruments, their legal and regulatory framework and their specific terminology.

Programme :

  • Why choose a bank ?
  • Terms and conditions before opening a bank account
  • Types of account and types of power of attorney / mandate
  • Services offered by a banking institution
  • Legal framework
  • The different payment instruments and their operational aspects
  • Bank transfers: specificities, types of beneficiaries, payment routes and new pricing provisions
  • Electronic payments: cash withdrawal cards, telephone banking, e- banking, cheques, domiciliation….

Module 4 – Loans to Customers

Proposed duration :

  • 15-30 min pre-learning introducing the course’s key concepts
  • 16 hours class

Learning objectives :

At the end of this module, participants will have reviewed the various types of loans to retail clients, their characteristics and operating principles as well as any guarantees which may be attached to them. Furthermore, they will have carried out several exercises after which they will be in a position to assess what type of loan is best suited to their client and on what conditions (guarantees…) they can grant it.

Programme :

  • Current account loans (line of credit, cards, advances/overdrafts, cheques), purpose and associated risks
  • Consumer loans, characteristics and purposes
  • Property loan, characteristics and granting criteria
  • Specific loans (fixed term advances, bank guarantees, Lombard loans and student loans) and their purpose
  • The various guarantees that may be required when a loan is granted (principal, real, personal, moral, subsidiary)

Module 5 – Risk Management in Banking

Proposed duration :

  • 15-30 min pre-learning introducing the course’s key concepts
  • 16 hours class

Learning objectives :

At the end of this module, participants will have had an overview of risk management in banking. Specifically, the course will help participants to understand:

  • Risk management in banking
  • Tools for measuring and managing risk
  • Market risk and the different types of risk that belong to it
  • Credit risk and how to manage it
  • Operational risk across different departments
  • Liquidity risk and how it impacts banks
  • Future trends in risk management for banks

Programme :

  • Understand the fundamentals of risk and risk management
  • Understand the different types of risks in financial services
  • Evaluate the regulatory environment for managing risk in banks and investment funds
  • Acquire knowledge about how to measure and manage risk

Module 6 – Back Office Operations (RW)

Proposed duration :

  • 15-30 min pre-learning introducing the course’s key concepts
  • 16 hours class

Learning objectives :

At the end of this module, participants will have had an initiation to operational banking practices, allowing them to acquire a global understanding of the different activities within the back‐office operations function and the interactions that take place between the different departments.

Programme :

  • Front Office transaction processing
  • Domestic clearing
  • Cash management
  • Clearing BNR
  • Corporate operations
  • Loan processing
  • Money market transactions
  • FOREX related operations
  • Securities transactions
  • Digital Banking

Module 7 – Selling Financial Services

Proposed duration :

  • 15-30 min pre-learning introducing the course’s key concepts
  • 16 hours class

Learning objectives :

At the end of this module, participants with have a basic understanding of how to sell financial services and manage client relationships effectively.

Programme :

  • The key sales behaviors for a successful customer relationship
  • Sales funnel and customer approach
  • Customer interaction (dialogue, active listening, handling objections…)
  • Pricing negotiation

Module 8 – Company Accountancy for Non-Accountants

Proposed duration :

  • 15-30 min pre-learning introducing the course’s key concepts
  • 16 hours class

Learning objectives :

At the end of this module, participants will have received an overview of general accounting principles followed by a focus on accounting in Banking and a review of the fundamentals of financial statement analysis.

Programme :

  • What is accounting?
  • Balance sheets and income statements
  • The accounting system over the accounting year
  • Accounting documents
  • Principles of year-end entries
  • Accounting for banks and accounting standards
  • Regulatory reporting
  • Financial analysis of banking institutions
  • Financial statement analysis
  • Financial structure and performance
  • Non-balance sheet analytical data

Module 9 – Anti-Money Laundering: AML & KYC

Learning objectives :

At the end of this module, participants will have a good general understanding of the mechanisms involved in Money Laundering and Terrorist Financing and will know how to apply the principles and techniques to combat it effectively.

Programme :

  • Definition of anti-money laundering and terrorism financing
  • The duties of financial institutions in the fight against money laundering and terrorism financing : professional obligations
  • Fight against money laundering and terrorism financing within an international framework
  • Know your customer principles, typologies and methods
  • Implementation of AML programs
  • Case studies

Proposed duration :

  • 15-30 min pre-learning introducing the course’s key concepts
  • 16 hours class

PROJECTS UNDER CONSTRUCTION

RAF