Here are some of the options you have furthering your education and credentials. Please feel free to email us for any questions and comments at general@rufs.ca
Financial Services and Investment Management
Canadian Securities Institute (CSI)
CSI designations & certificates represent prestigious credentials that allow financial advisors to prosper. As a true measure of expertise, CSI designations are the recognized benchmark for regulatory authorities, financial organizations and associations in Canada and around the globe.
They offer the popular Canadian Securities Course (CSC) and the Conduct and Practices Handbook (CPH), two basic requirements for many financial services careers. The CSI also offers courses for the following certifications:
- Canadian Investment Manager (CIM)
- Derivative Market Specialist (DMS)
- Financial Management Advisor (FMA)
- Fellowship of CSI (FCSI)
For Designations and Certifications offered by the CSI, follow this link: https://www.csi.ca/student/en_ca/designations/index.xhtml
For Designations and Certifications based on career path and career information, follow this link:
https://www.csi.ca/student/en_ca/career/index.xhtml
Financial Services
Certified Financial Planner (CFP) of FPSC
http://www.fpsccanada.org/
The Certified Financial Planner (CFP) designation is a professional certification mark for financial planners conferred by the Financial Planners Standards Council (FPSC) in Canada. To receive authorization to use the designation, the candidate must meet continuing education, examination, experience and ethics requirements, and pay an ongoing certification fee.
Undergraduate requirements:
Ryerson undergraduate course requirements to take the CFP entrance exam: CFP Undergraduate Requirement.PDF
Personal Financial Planner (PFP) Certificate:
Another option for individuals in writing the CFP exam is get the PFP certificate from a University or CSI. This, along with the completion of the CSC, qualifies the individual to take the CFP.
Ryerson University’s Certificate in Financial Planning: http://ce-online.ryerson.ca/ce_2010-2011/calendar/default.aspx?section=program&sub=cert
You may contact Ms. Coleen Clark (colclark@ryerson.ca) for more information on the CFP designation and PFP certificate. Hard copies of the updated Ryerson undergraduate course requirements for the CFP are available outside her office (TRS 1-081).
Investment Management and Financial Analysis
Chartered Financial Analyst (CFA) of CFAI
The Chartered Financial Analyst (CFA) designation is an international professional certification offered by the CFA Institute (CFAI). To become a CFA Charterholder candidates must pass each of three six-hour exams, possess a bachelor’s degree (or equivalent, as assessed by CFA institute) and have 48 months of qualified, professional work experience. CFA charterholders are also obligated to adhere to a strict Code of Ethics and Standards governing their professional conduct.
While there are no Undergraduate requirements to take the CFA exams, the following finances courses have been recommended to help prepare:
- ECN104 – Introductory Micro-economics
- ECN204 – Introductory Macroeconomics
- ACC100 – Introductory Financial Accounting
- ACC406 – Introductory Management Accounting I
- ACC414 – Intermediate Accounting I
- QMS102 – Business Statistics I
- QMS202 – Business Statistics II
- FIN521 – Advanced Portfolio Management
- FIN610 – Short-term Financial Management
- FIN611 – Applied Investment Management
- FIN711 – Advanced Investment Management
- FIN801 – Financial Risk Management
- FIN810 – Corporate Financial Analysis
Risk Management
Financial Risk Manager (FRM) of GARP
http://www.garp.org/frm/overview/overview.aspx
The Financial Risk Manager (FRM®) certification is the globally recognized benchmark and professional designation for financial risk managers. If you are in financial risk management, or considering a career in it, then earning the FRM designation is the natural next step.
In order to be certified as a Financial Risk Manager (FRM®) the following is required:
- A passing score on both Part I and Part II of the FRM Examination
- A minimum of two years professional full-time work experience in the area of financial risk management or another related field including, but not limited to, trading, portfolio management, faculty academic, industry research, economics, auditing, risk consulting, and/or risk technology.
Visit GARP’s website for more information for the FRM and ERP designation.
Professional Risk Manager (PRM) of PRMIA
The Professional Risk Manager (PRM™) designation is an independent validation of skills and commitment to the highest standard of professionalism, integrity, and best practices within the risk management profession. The PRM™ is the leading certification for risk managers, having received public endorsements from top university programs and businesses.
Candidates are required to pass four exams to achieve the PRM designation.
Associate PRM by PRMIA
http://prmia.org/index.php?page=exam&option=trainingAPRM
The Associate Professional Risk Manager (Associate PRM) is a new PRMIA certificate program intended for staff entering the risk management profession, or those who interface with risk management disciplines on a regular basis, such as auditing, accounting, legal, and systems development personnel who want to understand fundamental risk management methods and practices.
Designed to be mathematically and theoretically less detailed than the Professional Risk Manager (PRM) certification, the new program will cover the core concepts allowing non-specialists to interpret risk management information and reports, make critical assessments and evaluate the implications and the limitations of such results.
Only successful candidates of the PRM designation are entitled to use the PRM title. Associate PRM members will receive a certificate but will not be entitled to use the PRM title.
Visit PRMIA’s website for more information on the PRM’s designation and Associate PRM certificate.
Corporate Finance
Certified Management Acccountant (CMA)
Did you know that Certified Management Accountants (CMAs) are more than just accountants? With their solid foundation in accounting, management and strategy, CMAs are developed to be dynamic business and accounting professionals who bring a holistic perspective to organizations. CMAs create value in many areas throughout an organization and work in practically every industry segment - they are the ultimate strategic financial management professionals – combining solid accounting & financial expertise with critical management skills to provide leadership, innovation and an integrated perspective to organizational problem-solving and decision-making.
To learn more about where CMAs are creating value in Canada and around the world, feel free to visit the www.decau.ca website where you can enter the “Forum” and find the CMA Sponsor’s Corner. As the Title Sponsor of DECA U, CMA Ontario has started a special segment called the “CMA Featured Industry” and the first featured industry is the ”BANKING & FINANCIAL SERVICES” sector. The lists of organizations and positions found in the forum will show examples of real CMA Candidates (students in the CMA professional program) and fully certified CMA members who are working in the featured industries. The lists should help answer questions such as: “What positions do CMAs hold?”, ”Where could I start my career as a CMA?” or “What positions could I advance to as a CMA?”.
For more information on any aspect of the CMA professional designation or professional program, please contact your CMA Rep. for Ryerson: Mira Sirotic, CMA, msirotic@cmaontario.org, 416-482-5556. Also, you are invited to visit www.becomeacma.com where you can learn more and click on the big-screen TV to view videos of CMAs who ”Create Possibilities” such as Shawn Burns, President & CEO of Carbon Credit Corp.
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