Institute of Banking and Finance (IBF) Singapore Accredited Programme

Earn your CAIA Charter! Singapore Citizens and Singapore Permanent Residents may apply for reimbursement of their registration fee, upon successfully passing of the CAIA Level I or Level II exam.

IBF

For more information:
IBF home page
IBF information on CAIA

 

Effective from 2025 March exam cycle 

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.
 

The Funding under the IBF Standards Training Scheme pertains to the CAIA Exam Registration* Fee for Level I and Level II (either First Time or Retake) (refundable programme fees) only (NOT enrollment fee).

  • 50% funding for CAIA Exam registration fee (refundable programme fees) is available for Singapore Citizens and Permanent Residents. 
  • 70% funding for CAIA Exam registration fee (refundable programme fees) is available for Singapore Citizens aged 40 and above in the same calendar year of exam registration.
     

Eligibility requirements for reimbursement. Participants must:

  • Successfully pass the CAIA Level I or Level II exam.
  • Be a Singapore Citizen or a Singapore Permanent Resident. 
  • Be employed by Singapore based Financial Institutions regulated by the Monetary Authority of Singapore (MAS) as listed on MAS FI Directory or FinTech firms certified by Singapore FinTech Association (SFA).
  • Be physically based in Singapore
  • Take the exam at a Singapore test center.

Remarks: 

  • GST (Goods and Services Tax) are NOT reimbursable under IBF schemes.
  • Funding reimbursement will only be for the attempt that the Candidate passes, i.e. for retake Candidates, only the retake registration fee is eligible for reimbursement. (The original registration fee is NOT reimbursable).
  • You will not be eligible to apply for additional CAIA Discounts or Scholarships. 
  • Employees of MAS or IBF, as well as civil or public servants, are NOT eligible to IBF funding.
  • Upon successfully passing the exam and submitting the necessary documents on time, the CAIA Association will reimburse you the refundable programme fees via your Pay Now account linked to your NRIC number, once your eligibility and documents are validated. 
  • Candidates can expect your refundable programme fee to be returned within four months from the last day of the exam window or within 2 months from the release of exam results, whichever is later.
     

IMPORTANT: 

CAIA Association Has Final Authority on Disputes: Any disagreements regarding refundable programme fees will be resolved at CAIA Association’s sole discretion. IBF will not be involved.

CAIA Association is required to report personal identifier information and exam results to the IBF, regardless of the outcome.

Acceptance of Terms: By continuing to register for the programme after reviewing the above information, Candidates imply full acceptance of all terms.

Shortly after the CAIA Exam “Registration Close”, Singapore based Candidates will receive an email to confirm if you are a Singapore Citizen or Permanent Resident and if you are interested in participating in the IBF STS scheme. If the response is affirmative, you will be asked to click a link in the email which leads to a form to collect additional information – whether you are individual sponsored or company sponsored, your first and last names as stated on NRIC, NRIC Number, Singapore phone number, etc. 

 

Individual Sponsored Participation

Step 1

Shortly after the CAIA Exam “Registration Close”, Singapore based candidates will receive email to confirm if you are a Singapore Citizen or Permanent Resident and if you are interested in participating in the IBF STS scheme. If the response is affirmative, you will be asked to click a link in the email which leads to a form to collect the required information. 

Step 2 (contingent on successful completion of Step 1)

Upon successfully passing your CAIA exam, you will receive an email with a link to a form. You have seven (7) calendar days to complete the form and upload the following supporting documents:

  • CAIA Exam Registration Invoice.
  • Candidate Performance Report showing passing status.
  • Please make sure to submit within the seven (7) calendar days deadline. 

Please note:

  • Please note that regardless of the IBF reimbursement– you, the Candidate, are responsible for the full exam fee.
  • Step 2 is contingent on successful completion of Step 1. Failure to complete step 1 will disqualify you from IBF funding, regardless of whether you complete Step 2 later.
  • Reimbursement of refundable programme fee can take up to four months from the last day of the exam window or within 2 months from the release of exam results, whichever is later.
  • Your Pay Now account MUST BE linked to your NRIC number only. No exceptions can be made. 

 

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.
  •  Invoice number of the exam you are registering for which can be found within your "My Account" profile page, click on “My Invoices” in the links on the right of the profile screen. Select “View details” to locate the invoice number.
  • Company Name and Address.
  • Name and 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 successfully passing your CAIA exam, you will receive an email with a link to a form. You have seven (7) calendar days to complete the form and upload the following supporting documents:

  •  CAIA Exam Registration Invoice.
  •  Candidate Performance Report showing passing status.

Reimbursement of the CAIA exam registration fee can take up to four months from the last day of the exam window or within 2 months from the release of exam results, whichever is later.

For more details, visit https://caia.org/registration-and-fees. The IBF funding will NOT cover the one-time program enrollment fee, print, or third party provided material.
 

For additional information regarding IBF funding requirements and eligibility, or CAIA exam registration, please visit the IBF website or contact CAIA Association directly via email at caia-ibf@caia.org.