The Chartered Institute for Securities & Investment (CISI) and Archbishop Beck Catholic Sports College are undertaking a pioneering project which will allow Liverpool sixth form students the opportunity to obtain a financial services professional qualification.
The CISI is sponsoring a teaching post at Archbishop Beck Catholic Sports College for two years. This will not only allow the College to provide a teacher to deliver the CISI’s post-16 qualification the Diploma in Finance, Risk & Investment but will also provide an opportunity to spread the benefits of financial education to other schools linked to the Liverpool Learning Partnership.
The CISI Diploma has been specifically designed to be taught in schools and colleges and aims to develop students’ financial awareness and boost their CVs with an industry recognised award.
The qualification comprises two Certificates, which can be taken by students alone or combined, to achieve the full CISI Level 3 Diploma in Finance, Risk & Investment.
The CISI sponsorship will supply an Educational Maintenance Allowance for one pupil and a £50 prize for the best performing student.
There will also be an opportunity for the students to complete a work placement as part of the course, as the CISI has excellent links with the financial services industry which helps schools and colleges connect with local firms.
The initiative is a combined partnership initiative between CISI, Archbishop Beck College, Liverpool City Council and the Liverpool Learning Partnership to encourage and enable young people to aspire to careers in the financial services industry and also to improve financial literacy.
Ruth Martin, CISI Managing Director, said: “We are delighted that the CISI’s Education Trust has selected a school in Liverpool to further demonstrate our commitment to encouraging wide access to the industry. In Liverpool we already have both our local regional committee and our corporate supporter firms involved as the school prepares for the September term. We are delighted to be working with the College, Liverpool City Council and the Liverpool Learning Partnership to deliver an excellent learning experience and help students to improve their knowledge of the financial services sector, giving them the edge in their job search”.
Paul Dickinson, Head of Archbishop Beck Catholic Sports College said: “We are very proud to be part of this innovative project that will inspire students to follow a career in finance. Many students are reviewing their decision that the only way to develop a career in a professional organisation is through university. For many students this will be the most effective route but by achieving the CISI Diploma and gaining invaluable work experience in the industry it may lead to other opportunities. Our strong relationship developed with Rathbones to provide Professional Apprenticeships is one such example. I would like to offer my thanks to Ruth Martin and the CISI for providing the financial support and Jane Corbett, Colette O’Brien and the local authority for providing the opportunity to participate. We look forward to contributing to this initiative.”
Councillor Jane Corbett, Liverpool’s Cabinet Member for education and children’s services, said: “This is a really important new qualification which will be offered to our young people, giving them a chance to develop a real knowledge and understanding of the world of finance. This qualification will give our students a competitive advantage when they are looking for job and training opportunities in the wealth management and financial services sector. It is also really important that our young people understand the importance of responsible finance and how investment and wealth institutions impact on our everyday lives.”
The initiative is being backed by Archbishop of Canterbury, the Most Reverend Justin Welby, who is a member of the Parliamentary Commission on Banking Standards. He said: “The financial crisis not only hurt us economically, it also damaged trust throughout many areas of society. This damage may take a generation to repair, so it’s wonderful that young people are being given the opportunity to learn about finance within a solid framework of ethics, integrity and social awareness.”
The CISI Diploma in Finance, Risk & Investment comprises two Certificates:
* Certificate in Finance, Risk & Decision Making which includes modules on Money, Economies, Uncertainty, Investment Decision Making, Accounting and Governance.
* Certificate for Introduction to Securities & Investment including modules on Introduction to Securities & Investment and an Extended Project.