Institute of Banking and Finance (IBF) Singapore Accredited Programme

Earn your CAIA Charter! Singaporeans and Singapore permanent residents may apply for reimbursement of their registration fee, upon successful passing of the CAIA Level I or Level II exam.

IBF

For more information:
IBF home page
IBF information on CAIA

 

CAIA Association (CAIA) and the Institute of Banking and Finance (IBF) offer targeted support under the IBF training schemes to enhance funding for talent development programs in growth and priority areas. 

Effective April 10, 2023, the Funding under the IBF Standards Training Scheme pertains to the CAIA Registration* Fee only.

  • 50% funding support of direct training cost (i.e., CAIA registration fee only) for Singapore Citizens and Permanent Residents below 40 years old at the time of registration.
  • 70% funding support of direct training cost (i.e., CAIA registration fee only) for all Singapore Citizens and Permanent Residents aged 40 years old and above in the same calendar year of your exam registration.  

Eligibility requirements for reimbursement. Participants must:  

  • Be registered as a Candidate for the CAIA LI or LII exam.
  • Eligible participants must be a Singaporean citizen or a Singapore Permanent Resident.
  • Participants must register from a Singapore address and take the exam(s) at a Singapore test site or thru Online Proctored (OP) testing.
  • No additional scholarship funding may be in evidence.
  • Retake fees are not funded under this program, only the original registration fee is reimbursable.
  • Successfully pass the CAIA Level I or Level II exam.

IMPORTANT: Upon successful passing their CAIA exam, candidates must complete the following form within 1 week of grade release (no exceptions):  CAIA Association's Reimbursement Information Form and must submit the following supporting documents to CAIA via email to caia-ibf@caia.org:

    • CAIA Exam Registration Invoice(s*)
      • * Retake Candidates provide both current re-registration and original registration invoices
    • Candidate Performance Report showing passing status.

Individual Candidate Participation

Candidates who wish to participate in the IBF program must adhere to the following process:

  • The Candidate is responsible for the full exam fee.
  • Upon passing, Candidates have seven (7) business days to complete & submit the following:
    • Complete CAIA Association's Reimbursement Information Form 
    • Upload the required supporting documentation to the Reimbursement Form.
      • CAIA Exam Registration Invoice(s*)
        • Retake Candidates provide both current re-registration and original registration invoices.
      • Candidate Performance Report showing passing status.
  • CAIA Association files the claim for reimbursement with IBF.
  • CAIA Association will reimburse the Candidate via their Pay Now account registered to their NRIC number, once fees are received from IBF.
    • Please note:
      • Reimbursement of eligible funds could take up to 6 months from the last exam date.
      • Your Pay Now account MUST BE registered under your NRIC number only (no exceptions)

Company Sponsored Participation

Participants MUST adhere to the following steps (this cannot be retroactively applied):

  1. Complete the exam registration process.
  2. Select [Pay Later] when you reach your shopping cart.
  3. Email us at caia-ibf@caia.org (Subject: IBF Company Sponsored Participation)

Please include the following

  • Your CAIA ID
  • Your First + last name
  • Exam you are registering for
  • Invoice number  
  • Go to your main profile page by clicking on the “My Account” at the top of the page. 
  • Click on “My Invoices” in the links on the right of the profile screen. 
  • Click on “View details” to locate the invoice number.
  • Company Name
  • Company Address
  • Company’s Pay Now account information to ensure reimbursement.
  • First & Last Name of your point of contact at the organization.
  • Email address of your point of contact at the organization.

Our accounting team will make the invoice in your Company’s name, and reference you as the participating Candidate. Our CAIA IBF team will share the amended document with your employer for payment and cc: you for transparency.

  • Your Company is responsible for the full exam fee.
  • Upon passing, Candidates have seven (7) business days to complete & submit the following:
    • Complete CAIA Association's Reimbursement Information Form 
    • Upload the required supporting documentation to the reimbursement form.
      • CAIA Exam Registration Invoice(s*)
        • Retake Candidates provide both current re-registration and original registration invoices.
      • Candidate Performance Report showing passing status.
  • CAIA Association files the claim for reimbursement with IBF.
  • CAIA Association will reimburse your Company via their Pay Now account registered to their NRIC number once fees are received from IBF.

* Funding under the IBF Standards Training Scheme pertains to the CAIA Exam Registration Fee only. For more detail https://caia.org/registration-and-fees. The training cost does not include the one-time program enrollment fee, print, or third party provided material.

For additional information regarding IBF funding requirements and eligibility, as well as for CAIA exam registration, please contact CAIA Association directly via email at caia-ibf@caia.org. Additional information may also be available direct via the IBF web portal https://www.ibf.org.sg/Pages/Home.aspx.

Important: Participants applying for IBF reimbursement should be aware that the CAIA Association must release personal identifier information, and the results of the exams or programme, to IBF.