ALMA launches banking asset and liability management qualification

The UK’s Asset and Liability Management Association Limited (ALMA) has launched its certificate of banking asset and liability management (CertBALM) qualification, described as the first benchmark qualification in asset and liability management (ALM) and long awaited within the banking industry. “Since the financial crisis the management of banks’ balance sheets has come to the forefront with wholesale changes being required in the way banks need to manage themselves,” commented ALMA.

CertBALM has been developed over the last 18 months by ALMA and is accredited by the Association of Corporate Treasurers (ACT). It is designed to provide a benchmark qualification in bank and building society asset and liability management and be a standalone qualification which is recognised by the banking industry. Twenty students are signed up to take the pilot qualification and will begin their studies this week.

The CertBALM examination will be open to all from April 2017 and is structured into five units: overview of banking, treasury and ALM; capital risk management; liquidity and funding risk; market risk in the banking book; and integrated asset and liability management.