20 February 2013

The ACI Suite of Examinations – Level One

The ACI is known as the largest international professional body for dealers and office personnel in financial markets, having members from over 80 countries all around the world. Their Education Program targets professions that specialize in the field of finance, including Foreign Exchange and Money Markets, Derivatives, Repos, and Risk Management, among others. It is all part of their mission to promote the highest global standards of professionalism, competence and ethics in the dealings of the financial market.

The ACI Education Program consists of two levels, each with a syllabus for the different courses under each level. Level One has two courses under it; the ACI Dealing Certificate and the ACI Operations Certificate. Level Two has one course under it; the ACI Diploma. This article will focus on the Level One courses.

ACI Dealing Certificate
The ACI Dealing Certificate is a foundation course that provides candidates the knowledge of the structure and operation of major foreign exchange and money markets. It also provides candidates the ability to apply the mathematics used in these markets, as well as the skills needed for competent participation. Candidates should also be able to learn about the Model Code, and how to apply it in situations.

This course is targeted to new and junior dealers with less than 18 months of experience in the dealing room, middle office and operations personnel, and auditors and compliance officers.

The exam for this certificate course is available in the English and German languages, and will be provided by Prometric under the exam code 3I0-008, costing 250 euros. This exam is also a requirement for the ACI Diploma course.

ACI Operations Certificate
The ACI Operations Certificate will focus on the operations of the back-office. As the back-office is needed for transactions to happen, it plays an essential role that ensures that the funds will flow in a proper and timely manner, with the documentation in place. As such, this course will test the competencies of the candidate in all aspects of the operations in the back-office.

This course is intended for operations staff with at least 2 years of experience, internal and external auditors, compliance and risk officers, product control, vendors and other trading room support areas.

The exam for this certificate course costs 250 euros and will be delivered by Prometric under the exam code 3I0-010. It is also available in 2 languages: English and German. Like the ACI Dealing Certificate, this course serves as a prerequisite for the ACI Diploma course.

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