ACCA & CIMB’s sustainability in banking virtual work experience

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Banking is one of the world’s oldest industries, it’s been around for millennia, which also makes it one of the most sustainable. These days, however, the word sustainable has taken on extra meaning, related as it is to the sustainability of our environment and society, and not just business longevity.

So perhaps one of the most exciting areas today, especially from the perspective of a career that makes a positive impact on the world, is working in banking and financial services, particularly with the rapidly growing emphasis these sectors are placing on sustainability and environmental, social and governance (ESG).

With this in mind, ACCA and CIMB, one of Asia’s leading banking groups and an ACCA Approved Employer, have teamed up with virtual work experience platform Forage to provide a sustainability in banking programme.

The entire experience is aligned to ACCA’s commitment to the UN Sustainable Development Goals (SDGs) — in particular 4, 9, 12 and 13 — and our approach to ESG and future career zones.

Forage’s virtual experience platform is a cutting edge tool for career accessibility and discovery. The idea of virtual work experience, while around before the pandemic, has obviously been given a dramatic boost.

In a candidate driven market, in which companies are crying out for bright talent with contemporary skillsets and attitudes, companies are increasingly turning to technological innovations such as Forage to identify potential candidates. In fact, multinationals such as GE, Citi, EY and AIG are also using the platform.

In other words, if you’re a university student, such solutions can be a great way to stand out and get noticed in ways that give you an opportunity to really showcase your skills and qualities in a comfortable virtual environment, which we’ve all become quickly accustomed to.

How the virtual experience works

Aimed at university level people, the virtual experience programme is a 6-8 hour interactive simulation of a day in the life of a CIMB employee, consisting of three tasks that, while hypothetical, are real-world and performed everyday by CIMB employees. Another boon — the programme is self-paced, so you can do it when you want and fit it around your other responsibilities.

1) Client due diligence: Identifying ESG risks and controversies in the palm oil sector. Skills and topics covered include:

  • industry research and knowledge
  • critical thinking
  • ESG and risk analysis

2) Identifying sustainability performance targets in sustainability-linked loans: Designing a sustainability-linked loan by defining key sustainability performance target KPIs. Skills and topics covered include:

  • ESG
  • Sustainability-linked loans
  • Sustainability performance targets

3) Designing an internal audit scope for ESG reporting: internal audit scope, which will cover such skills and topics as:

  • Financial management
  • Financial reporting
  • Audit management
  • Ethics
  • Integrity
  • Communication skills
  • Audit and assurance

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What happens when you finish?

Once all the tasks have been completed, participants will be able to unlock the model answers to see how well they performed. You will also receive badges and a certificate that you can include in your CV and LinkedIn profiles and share on social media.

But I need to be an accounting and finance student right?

No! We’ve already seen participants from the following university programmes:

  • Bachelor of Arts
  • Bachelor of Health
  • Bachelor of Fashion Designing
  • STEM
  • Bachelor of Finance
  • Bachelor of Accounting
  • Bachelor of Social Sciences

And from the following countries:

  • China
  • India
  • Malaysia
  • Indonesia
  • United Kingdom of Great Britain and Northern Ireland
  • Philippines
  • Pakistan

What are you waiting for? To find out more and to register, head to the Forage website

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