Bachelor Degree in Retail Banking and Banking Credit

The Banking specialization provides a detailed examination of the workings of banks and related deposit-taking financial intermediaries in the context of the banking system in particular, and the financial system generally.

The core units equip students with an in depth understanding of the structures and functioning of financial institutions, and issues related to banking in a contemporary, globalized economy. As well as providing the necessary knowledge of bank management, risk management and risk assessment, the Banking specialization offers intermediate corporate finance, equipping graduates with a well-rounded qualification that is modern, in depth and competitive.

A postgraduate qualification in banking offers the highest standard of qualifications in the theory and application governing contemporary financial institutions. It includes a detailed examination of the workings of banks and related deposit-taking financial intermediaries in the context of the banking system in particular and the financial system generally.

The banking units are tailored to provide students with knowledge that will be of use to them in career paths in both the retail and corporate banking sectors as well as the prudential regulatory authorities. Retail bankers act in a customer service role, advising on and assisting with services such as setting up savings accounts, authorizing loans and moving money.

Credit Banking courses will provide a structured training path through the credit life cycle from rating analysis, capital structure analysis, loan structuring to the drafting of loan documentation and the planning of debt restructuring and loan recovery. Our credit analysis training will enable banking professionals can learn how to identify and analyze the Early Warning Signals of financial distress and to formulate timely a viable debt recovery plan. Moreover, we offer courses so that Risk Professionals can acquire advanced credit portfolio modelling skills to analyze, stress test, measure and mitigate the default risks in commercial and retail banking.

Typical responsibilities of the job include:

• recruiting, training, supervising and appraising banking staff
• discussing the financial requirements of, and providing financial advice to clients
• assessing and reviewing financial circumstances• processing payments and withdrawals
• authorizing and evaluating overdrafts and loans
• developing a network of local business contacts
• promoting the bank's services
• managing budgets and meeting targets
• maintaining statistical and financial records
• dealing with complaints.

There are excellent promotional opportunities, such as moving to larger branches or specializing.

Module 1: Foundation Courses.

Through this module, you will explore the following courses:

• Statistics.
• Management Information Systems (Computers).
• Spanish for Business Communication.
• Management Accounting.
• Marketing Management.
• Management Finance.
• Managerial Economics.
• Business Law.
• Human Resources Management.
• Graduate Dissertation / Research Methodology.

Module 2: Retail Banking

Through this module, you will explore the:

• financial services industry.
• explain the operation of the branch and online banking system.
• discuss the different types of retail bank accounts and foreign exchange services.
• apply various types of consumer credit to meet the financial needs of consumers
• demonstrate the use of residential mortgages in meeting consumer needs.
• assess a consumer’s credit standing and determine an appropriate cost of borrowing.
• summarize the different types of business financial services and provide effective referrals.
• summarize the different types of business financial services and provide effective referrals.

Course Topics:

1. Financial systems
2. Retail banking products and customers
3. Negotiable instruments
4. Retail lending
5. Payment systems
6. Cards
7. Other banking services
8. Financial inclusion
9. Manual banking vs. automated
10. Channels of banking
11. How to read a Bank Balance Sheet
12. Banking landscape
13. CRM and bank marketing
14. Anti-Money Laundering

Module 3: Money Laundering

Through this module, you will explore the:

• the process of Money Laundering, measures against money laundering and initiatives taken by various organizations to combat terrorism.
• comprehend the implications of offshore financial centers and non-cooperative countries on Money Laundering.
• understand the implications and penalties for non-compliance with Anti-Money Laundering legislations.
• due diligence measures undertaken by financial institutions to deter money laundering and terrorist financing.
• regulations applicable to banks.
• certain Principles that are to be adopted by the private banks to guard against money laundering.

Course Topics:

1. What is money laundering
2. Methods of money laundering
3. Federal regulations
4. Building a quality AML program
5. Know your customer and Customer Identification Program
6. A SAR is born
7. Tips for law enforcement and Financial Crimes Investigators
8. International standards
9. Fraud and anti-money laundering
10. Role of the Money Laundering Reporting Officer
11. Anti-Money Laundering Act
12. International Monetary Fund: Financial system soundness in the Caribbean: An initial assessment. Retrieve from: https://www.imf.org/external/pubs/ft/wp/2001/wp01123.pdf
13. International initiatives
• The measures undertaken by various international organizations to prevent money laundering and financing of terrorism.
• Establishment of Financial Action Task Force (FATF) and its fight against money laundering and terrorism financing.
• Customer Due Diligence Regulations.
• CARTAC, Caribbean Regional Financial Stability Workshop, March 2010 http://cartac.org/news-and-events/caribbean-regional-financial-stability-workshop/

Module 4: Law and Banking

Through this module, you will explore the:

• definition of “bank” and evolution of regulation.
• understand the regulations governing financial institutions.
• procedures for transferring International funds.
• strengthening banks' transparency and disclosures.
• money and payments.
• the banker-customer relationship
• liability of officers, directors, & 3rd parties

Course Topics:

1. What is money
2. The role of the city of London as a financial centre and the international financial institution
3. The corporate governance failings in financial institutions directors’ legal liability
4. The UK response to the credit crisis
5. Bank regulations and supervision
6. The banker and customer relationship and the unfair banking contracts
7. Duties arising under the banker and customer relationship
8. The bank as the fiduciary
9. The nature of the overdrawn account and the banks’ self-help remedies
10. Bills of exchange
11. Cheques as negotiable instruments
12. Third party rights: Wrongful dealings and liability
13. Money laundering
14. Nature and type of electronic fund transfer systems
15. Plastic money
16. Over drafts and bank loans
17. Recovery of money paid by mistake
18. Securities of bank borrowing
19. International Banking Act of 1978. Retrieved from: https://www.fdic.gov/regulations/laws/rules/8000-4800.html

Module 5: Banking Credit.

Through this module, you will explore the:

The complete credit analysis process that a corporate banker needs to know; along with live cases, and unique description of writing a credit notes. It is suitable for those looking for Corporate Banking, SME Banking or Business Banking relationship manager/credit analyst roles.

Course Topics:

1. Introduction to Credit Risk Management.
2. Qualitative Analysis.
3. Company Analysis - Subjective Parameters
4. Financial Analysis - P&L Statement
5. Financial Analysis - Balance Sheet
6. Ratio Analysis
7. Credit Analysis - An Exercise
8. Product Structure: Key Concepts
9. Credit Note
10. Working Capital Assessment