Benefits of ACI Examinations

ACI -The Financial Markets Association is the largest international professional body for dealers and back-office personnel in the wholesale financial markets.

ACI provides a suite of specialized examinations targeting Foreign Exchange and Money Markets, Derivatives, Repos, Risk Management etc. for both front, middle and back-office staff.

Training courses for ACI examinations are delivered by ACI Lebanon in collaboration with third parties. Courses delivery date and details are announced on our website in due course of time.

The wholesale financial markets are dynamic and fast changing and these conditions demand highly qualified people with wide-ranging market skills and knowledge. ACI's education program sets out syllabi in three subject areas that test: 

  • Skills
  • Knowledge And The Understanding Of Wholesale Financial Market Products, 
  • The Market Environment And Professional Behavior

ACI's Education Program provides a globally acknowledged, portable, professional qualification that enhances career prospects, improves job performance, and sets benchmarks within the industry.

ACI regularly communicates with a wide range of national Regulators on the education and training of market participants. ACI also works closely with regulatory bodies in a number of countries to ensure that market standards, ACI’s examinations and regulatory requirements all find common ground.

All of the ACI examinations in Lebanon are electronically delivered in English by Prometric. Related information is on our website as well as exam syllabi and sample questions.

ACI Dealing Certificate

The ACI Dealing Certificate is a foundation program that allows candidates to acquire a working knowledge of the structure and operation of the major foreign exchange and money markets, including the ability to apply the fundamental mathematics used in these markets, and their core products (cash, forwards and derivatives), and the basic skills required for competent participation, including the ability to apply the fundamental mathematics used in these markets. Candidates should also be able to apply The Model Code to their situation

The program is designed for the following groups:

  • Recent entrants and junior dealers (0-18 month's experience) in the dealing room
  • Middle office and operations personnel 
  • Auditors and Compliance officers

The ACI Dealing Certificate is a precursor to the ACI Diploma.

ACI Operations Certificate

No transaction can take place without the back-office. It provides a vital service to the front office by ensuring that all funds flow in a timely and correct manner and all the necessary documentation is completed. This examination has been designed to provide a benchmark for competency in all aspects of the operations process. 

The course is designed for the following groups:

  • Operations staff with at least 2 years of experience and seniors
  • Other Trading Room Support Areas
  • Internal and external Auditors
  • Compliance and Risk Officers
  • Product Control
  • Vendors

The new Operations Certificate supports treasury operations teams and related groups to efficiently cope with stronger competition in the financial markets and to smooth co-operation with supervisory bodies. Candidates will become up-to-date with the latest developments that affect the treasury operations. It also helps candidates to develop a front to end treasury view in terms of process promoting a better understanding between trading community and operations staff.

The ACI Operations Certificate is a precursor to the ACI Diploma.

ACI Model Code Certificate

The Model Code is ACI’s Code of Conduct and describes market best practices and conventions for global financial markets. It is recognized by many central banks and financial institutions around the globe as market standard. The Model Code examination aims at promoting the ACI best practices and conventions amongst market practitioners.

This new Model Code exam is based on the revamped Model Code published in January 2013 and also includes the new FX Best Practices Operations.

The examination is designed for the following groups:

  • Market practitioners in FXMM
  • Risk and Compliance Officers
  • Senior practitioners who wish to sit the ACI Diploma
  • ACI Operations Certificate holders who wish to sit the ACI Diploma

For senior practitioners and ACI Operations Certificate holders wishing to sit the ACI Diploma, where they are not ACI Dealing Certificate holders, the ACI Model Code examination is mandatory.

Senior practitioners must have a ten year experience in financial markets to be eligible for the ACI Diploma. Candidates need to apply for eligibility and submit a detailed CV. The ACI Board of Education decides on the eligibility and may request further documentation in order to support its decision.

ACI Diploma

The ACI Diploma builds on the ACI Dealing Certificate and the ACI Operations Certificate and is designed to ensure that candidates acquire a superior theoretical and practical knowledge of the foreign exchange and money markets, their related instruments, and the linkages that exist between those markets and the practice of risk management. Candidates are expected to have acquired a solid grounding in the core subject areas and have the requisite skills in financial mathematics prior to matriculating for the Diploma.

The course is designed for the following groups:

  • Senior foreign exchange and money market dealers
  • Corporate and bank treasurers
  • Senior operations staff

In order to become eligible for the ACI Diploma examination:

  • you need to pass the ACI Dealing Certificate or
  • you need to pass the ACI Operations Certificate plus
    the ACI Model Code Certificate examination or
  • you need to be a senior practitioner with a ten years’ work experience in financial markets and you need to pass the ACI Model Code Certificate examination. In this case you have to submit your CV to the ACI Board of Education which will decide on your eligibility.