‘Getting Chartered Status’ in Banking

27th June 2012

Lorcan Seery

Graduate Resourcing Manager

Santander UK

UK

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Overview of Santander UK and its quest for Early in Career excellence

Explain what Chartered Status means; especially within the banking sector….

Some examples of chartered status within the banking arena

How we incorporate chartered status within Santander UK

Benefits of chartered status for organisations

Any questions?

Aims for this session…..Aims for this session…..

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Business Goals

Retain and attract the right people

Retain and attract the right people

Enable our people to do their best work

Enable our people to do their best work

Focus people to do the right things

Focus people to do the right things

We need EiC populations that will provide a pipeline of future talent & potential across the Bank, supporting our aim to Build a better Bank through coordinated People, Talent & Resourcing strategies

Why San UK needs to focus on Early in Career (EiC) talent acquisitionWhy San UK needs to focus on Early in Career (EiC) talent acquisition

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What does Chartered Status mean in Banking?

•Being chartered is generally the gold standard for professionals working in certain sectors; recognised and supported by major financial organisations across the globe.

•Examples of chartered status within organisations:-

•CIOBS - Chartered Institute of Bankers•ACCA - Association Of Chartered Certified Accountants •CIPD – Chartered Institute of Personnel and Development•CIMA – Chartered Institute of Management and Accounting•ICAEW (ACA) – Institute of Chartered Accountants in England and Wales•CIM – Chartered Institute of Marketing

The chartered title is an internationally recognised professional designation indicating the highest standards of ethical and professional conduct, up-to-date technical expertise and the capabilities/competence of a qualified professional.

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Chartered Institute of Bankers qualification

•Chartered Banker is the gold standard for professionals working in the banking sector. 

•Chartered Banker gives you a world class qualification that helps you to achieve and maintain standards of excellence and professionalism expected by clients and employers.

•Chartered Banker is a practical, professional programme that combines theory and practice:-

Provide extensive, detailed and critical knowledge and understanding of the banking sector

Develop your skills and abilities to make professional judgements and informed decisions in work situations.

•A Chartered Banker has demonstrated and continues to demonstrate standards of professional excellence continually develops their skills and knowledge; and

•complies with the Chartered Banker Institute's Code of Professional Conduct.

•Our UK Banking Director Steve Pateman is on the board of CIOBS.

6PROGRAMME RECOGNITION – SANTANDER SCHOOL LEAVER PROGRAMME (FLYING START)

First Stock Market Challenge Event in N. Ireland – promoting the programme

Winning team with School Leaver.

Santander promotes careers to Schools

Belfast Telegraph

Abbey speak to American Bank

Chiefs about School Leavers

Programme at USNI Investment

Conference

FT Advisor New Industry Appointment - FSSC UK appointed Bernadette Brown from Santander to the board

Whitehall 17 November 2009

NI Employment Minister welcomes Bernadette Brown from Santander chairing NI Future Skills Action Group for financial services

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Chartered Accountancy………

•- Santander members of staff can become qualified chartered accountants; who usually complete a minimum of three years in-depth training including practical experience

•- They have to commit to continuing professional development training every year to keep their knowledge and skills up-to-date

•- They are bound by our Code of Ethics and are subject to the relevant disciplinary procedures•- Most companies usually sponsor individuals to gain full accreditation.

•- Most of our Finance graduates receive both financial and study support to

undertake the accountancy qualifications.

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Other Chartered Qualifications….

• CIPD (Chartered Institute of Personnel & Development) This is a professional association for

human resource management professionals.

Membership Status - Awarded on request to graduate members who have three years' relevant managerial experience. Or a non-graduate member assessed against the professional standards after five years' relevant experience.

The CIPD’s research covers all aspects of working life, from recruitment to employment law, and work-life balance to productivity.

Fellowship Status - An upgrade from Chartered MCIPD, applicants must have at least 10 years relevant experience.

Most of our HR Staff receive support for CIPD membership.

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Chartered Status

Flying Start Programme(CIOBS etc)

BAU Roles (Accountancy / HR etc)

Graduates / Leadership Development Programme

Chartered Status EiC / BAU Santander UK

LDP/GraduatesLDP/Graduates

May be able to embark on May be able to embark on Professional qualsProfessional quals

Ie CIOBS etc/CI Marketing etcIe CIOBS etc/CI Marketing etc

Flying Start ProgrammeFlying Start Programme

May be able to embark on May be able to embark on Professional qualsProfessional quals

Ie CIOBS etcIe CIOBS etc

BAU RoleBAU Role

May be able to embark on May be able to embark on Professional qualsProfessional quals

Ie ACCA/ACA/ICAEW/CIPDIe ACCA/ACA/ICAEW/CIPD

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Benefits of Chartered Banking Status

.

These 2011 surveys posted very positive results from a recent You Gov survey which suggested that

having chartered status brought with it many business benefits and key ROI. This was due to the

overwhelming value bank customers saw in charteredBanker status.

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Benefits for Chartered Status within Santander UK

Can assist employee attraction, engagement and retention Enables increased competence of individuals of Santander UK Forges effective networking opportunities for individuals Can provide people with additional credibility and given we are a retail bank – essential Can help our people feel like a banker and not a service manager etc Helps us create quality Banking professionals of the future Ensures full compliance to adhere to regulatory requirements Modern qualification can be flexed to meet evolving needs of the business

e.g.: We can offer Professional Diploma during 1 year

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•Any questions?