Standard Chartered Bank, one of the leading international banks in the UAE, has signed up to the Mawarid Induction Programme recently launched by the Emirates Institute for Banking and Financial Studies (EIBFS).
The Mawarid agreement has been signed between His Excellency Ahmad Humaid Al Tayer, EIBFS Chairman and Ray Ferguson, Chief Executive, Standard Chartered Bank UAE.
“This agreement is in line with our desire to support the principles recently outlined in the Emirates National Development Programme initiative launched by His Highness General Sheikh Mohammed Bin Rashid, Crown Prince of Dubai and UAE Defence Minister,” explained Ferguson.
The Mawarid Induction Programme is tailor-made to cover the fundamental principles of banking operations while also addressing current trends and new developments in the banking sector.
“The overall aim of the training programmes is to provide UAE nationals with acceptable levels of knowledge and practice in banking operations,” explained HE Al Tayer. “The programme will be customised according to the pace and needs of the trainees as well as Standard Chartered’s requirements, products and policies.”
EIBFS will deliver the six-phase training over 10 weeks covering topics such as English for Banking, basic banking operations and computer applications.
The commitment to Mawarid, which in English means ‘resources,’ is the latest in a series of moves by Standard Chartered Bank to deliver training and employment opportunities to UAE nationals.
“As with previous EIBFS programmes, Mawarid will assist in delivering a steady talent stream of young nationals to the bank. We will train 150 students over the next 6 months” said Ferguson.
“After training, candidates will have the chance of working with Standard Chartered or other banks. Though they may opt for our competition, we take a much more philosophical stance and consider their training as Standard Chartered’s contribution to raising the level of banking competencies throughout the Emirates.”
Standard Chartered, which has development a long-term Emiratisation strategy, is continuously interviewing for a number of roles within than bank and across all levels, from senior experienced bankers to young starters with high potential.
“Emiratisation makes good business sense and it is important to emphasise that while Standard Chartered is making great progress in the recruitment of UAE nationals, it is only the first step. Once recruited, we place great emphasis on welcoming and integrating our new Emirati employees,” explained Ferguson.
In conjunction with Tanmia, the National Human Resource Development and Employment Authority, Standard Chartered has developed a Banking Essentials induction programme which give new employees the knowledge necessary to fit into their new banking roles.
“In addition, Standard Chartered is in discussions with a number of universities and colleges to identify ways of working together in order to present future candidates with a full range of opportunities,” explained Ferguson. “Our long term aim is to ensure that we are clearly positioned in the minds of talented Emiratis as the employer of choice within the UAE banking sector.”
Standard Chartered – leading the way in Asia, Africa and the Middle East
Standard Chartered is one of the world’s most international banks, employing over 40,000 people, representing 80 nationalities, across its network. Standard Chartered operates in over 1,200 locations (including subsidiaries, associates and joint ventures) in more than 50 countries in the Asia Pacific Region, South Asia, the Middle East, Africa, the United Kingdom and the Americas.
Standard Chartered PLC is listed on both the London Stock Exchange and the Stock Exchange of Hong Kong and is in the top 25 FTSE-100 companies, by market capitalisation.
It serves both Consumer and Wholesale Banking customers. Consumer Banking provides credit cards, personal loans, mortgages, deposit taking and wealth management services to individuals and small to medium sized enterprises. Wholesale Banking provides corporate and institutional clients with services in trade finance, cash management, lending, securities services, foreign exchange, debt capital markets and corporate finance.
Standard Chartered is well-established in growth markets and aims to be the right partner for its customers. The Bank combines deep local knowledge with global capability.
The Bank is trusted across its network for its standard of governance and corporate responsibility as well as its commitment to making a difference in the communities in which it operates.
