Financial Crime World

Waqf Fund Launches Ambitious Leadership Development Programs

The Waqf Fund, a leading financial institution in Bahrain, has launched a series of comprehensive leadership development programs aimed at grooming mid-to-senior level managers for key roles within their institutions.

Program Highlights

  • The programs focus on developing the skills and knowledge of professionals across various disciplines, including finance, risk management, compliance, audit, and human resources.
  • Participants will be equipped with the necessary expertise to take on leadership positions in the future.

Key Programs

CFO Grooming Program

  • Targets senior-level managers from finance and financial control departments.
  • Consists of two modules: strategy and technical, delivered by a leading university in North America and a Big 4 firm, respectively.

Compliance Head Grooming Program

  • Focuses on developing leadership, strategy, and technical compliance skills among compliance officers.
  • Conducted in Singapore and Bahrain, with participants receiving training from a leading university and a Big 4 firm.

Other Initiatives

  • Chief Risk Officer (CRO) Grooming Program: Targets risk management professionals with the objective of preparing them for CRO roles. The program consists of two modules: leadership and strategy, delivered by a leading university in North America, and technical risk management training, to be conducted by a Big 4 firm in May 2023.
  • Internal Shari’ah Auditor Grooming Program: Launched to address the growing need for qualified Shari’ah audit professionals. The program consisted of an intensive two-week technical Shari’ah audit training delivered by a leading Shari’ah audit and advisory firm in Bahrain.

Distinguished Leader Series

  • Features accomplished individuals from the financial sector sharing their professional and personal journeys with young bankers.
  • Three sessions have been organized so far, featuring leaders from Ahli United Bank, Bank of Bahrain & Kuwait, and Standard Chartered Bank.

Other Initiatives

  • Market Research Survey: The Waqf Fund has signed up with the University of Bahrain to conduct a market research survey on Islamic banking preferences in Bahrain.
  • Sponsored Initiatives: The institution has sponsored several initiatives by the Bahrain Institute of Banking and Finance (BIBF), including the development of an Islamic finance qualification with the CFA Society Bahrain, Financial Advice Program III, and Sustainable Development Academy.

Conclusion

The Waqf Fund’s leadership development programs are designed to equip professionals with the necessary skills and knowledge to take on key roles within their institutions. With a focus on developing expertise in various disciplines, including finance, risk management, compliance, audit, and human resources, these initiatives aim to support the growth of Bahrain’s financial sector.