The Institute for Certified Bankers has established a program for securities operations professionals, with its first examination tentatively scheduled for late in 1998.
To qualify for the certification by the American Bankers Association- sponsored Institute, professionals must have been in leadership roles for three years with at least 10 years of securities operations experience.
"This group often feels overlooked," an ABA spokesman said. "The certification will recognize them for their experience, knowledge, and ability to help a bank to sell securities."
Securities operations experience is defined as being well-practiced in at least three of the following four areas: a variety of security types, processing, compliance, and internal controls.
The Institute also certifies professionals working in corporate trust, personal trust, bank regulatory compliance, bank security, lending, and retirement services.
-Compiled by Katharine Fraser and Juliana Ratner