Get Hkib Ecf Crm

The ECF is a non-statutory framework separate from the existing licensing or registration regime for the securities industry. It sets out an enhanced level of core competence and on-going professional development of PWM practitioners who undertake customer-facing roles.

Working in this field can be lucrative and rewarding for those who are interested in financial matters and have strong people skills. If you're considering a career as a wealth manager, you can benefit from understanding their responsibilities, education requirements and job outlook.

HSBC – The largest domestic bank in Hong Kong Through its four international businesses – Commercial Banking, Retail Banking, and Wealth Management, Global Private Banking, and Global Banking and Markets – the bank provides services to 38 million consumers.

Private wealth management is an investment advisory practice that incorporates financial planning, portfolio management, and other aggregated financial services for individuals, as opposed to corporations, trusts, funds, or other institutional investors.

Private banking involves providing financial management services to HNWIs. Private banking provides investment-related advice and aims to address the entire financial circumstances of each client. Wealth management generally involves advice and execution of investments on behalf of affluent clients.

This framework will facilitate talent development and help enhance the professional competencies of existing practitioners performing the compliance function more effectively.

The Enhanced Competency Framework on Fintech (hereinafter referred to as “ECF-Fintech”) is a non-statutory framework which sets out the common and core competences required of Fintech practitioners in the Hong Kong's banking industry.

The competency standards of the ECF-Compliance are set at two levels: Core Level – applicable to junior level with less than 5 years of work experience in the compliance function. Professional Level – applicable to middle to senior level staff with 5 years or above of work experience in the compliance function.