Who takes the IOC?
The IOC is acknowledged as the most appropriate qualification for staff working in the administration and operations areas of the financial services industry. It offers an overview of the financial services industry and its regulation, and incorporates a range of examinations that represent different technical activities within the industry.
Why enroll in the IOC?
The IOC is highly regarded by many investment houses. Passing the exam reflects a thorough understanding of the financial services industry, as well as adding to your personal credentials. All the units feature on the Financial Services Skills Council's list of recommended examinations. In fact, for some supervisory staff, it's compulsory. If you work in a "captured" role your firm must be able to show that you have reached a benchmark level of competency and the IAQ exam fulfills those criteria for most people.
Having this qualification on your CV demonstrates professionalism and a commitment to high standards. Once you've taken it, you can apply to the Chartered Institute of Securities and Investment to become an Associate Member.
What's on the syllabus?
To gain the IOC you'll need to complete successfully:
- Unit 1 - Introduction to securities and investment
- Unit 2 - FSA financial regulation or principles of financial regulation
And at least one of the technical modules (determined by your role):
- Asset servicing
- CREST settlement
- Exchange-traded derivatives administration
- Global securities operations
- Collective investment schemes administration
- ISA administration
- Operational risk
- OTC derivatives administration
- IT in Investment Operations
- Administration of Settlement and Investments
- Risk in financial services
How much work is required?
We recommend between 30 - 35 hours of study time per unit. Each unit will take about 6 weeks to complete.
When are the exams?
The IOC is examined by multiple choice questions. The exam is administered via computer-based testing and exams run throughout the year. More detail
