Helping financial services firms meet regulatory requirements and maximize efficiency
Since 2009, banks worldwide have paid $300bn in penalties. Only 28% of financial services firms believe their workers are ready for new challenges ahead.
In an increasingly regulated environment, financial services firms are focusing on digital transformation and disruption from fintech competitors while responding to the global pandemic. Firms must face these challenges while meeting greater demand for trust and transparency.
In high-stakes sectors like financial services, compliance is no longer a support function. It is essential to success. Meeting the challenges ahead will mean equipping employees with the right skills.
Assessing employees on a regular basis can help embed a culture of compliance across the business.
Tests and exams help ensure employees are learning and retaining critical new competencies.
Learn more about transforming decision making in financial services in our latest white paper.
Satisfy regulators and meet compliance requirements
With staff certification and compliance programs.
Create a culture of compliance
Assessments can help embed a culture of compliance with employees.
Identify areas of risk
Tests can help to identify areas of weakness or risk among teams and business functions. Appropriate action can be taken.
Identify high potential
Tests can identify high-potential and predict who is likely to rise within the business. Questionmark Thinking Skills by Cambridge Assessment tests problem-solving and critical thinking.
Test skills pre-hire
Ensure that recruits have the skills to hit the ground running. CVs often fail to reveal a candidate’s true ability.
As face-to-face job interviews and test centers become harder to arrange, employers can get vital information while eliminating travel and observing social distancing measures.
Create onboarding plans
A clear read of a new hire’s current experiences and skills makes it easier to anticipate what training and induction will be needed.
Predict future training needs
Through understanding someone’s current abilities, employers can identify which skills will need to be developed.
Ensure integrity of professional qualifications
A range of proctoring and security features for high-stakes assessments such as professional qualifications.
Unlimited number of test-takers
The platform can assess an unlimited number of test-takers from anywhere in the world.
Range of assessment formats
Make use of a range of assessment formats including ‘multiple choice’, ‘drag and drop’ and many more.
Instant access to results
Tests are automatically marked and results are instantly compiled. Trends and patterns are easy and quick to spot.
Drill-down into item statistics to help understand how effective the questions being asked are. Available statistics include item difficulty p-value, high-low discrimination, item-total correlation discrimination, item-rest correlation discrimination and item reliability.
Create bespoke content
Create world-class assessment content to meet several different needs.
For high-stakes assessments that may need to be delivered remotely.