Industry Job Roles
Term Definiton / expansion
Competency The combination of knowledge, skills (technical and non-technical), and experience that allow an individual to perform the duties required by a specific job family/ role.
Competency framework In the context of the Kafa'a, the detailed definition of a prescribed set of competencies that are required to for an individual to perform the duties of a specific job function/job role within a specific area of the Financial Sector.
Experience The number of years of experience that an individual possesses in the performance of a specific Job family/Job role.
Knowledge (qualification) Familiarity, awareness or understanding of information, subject or skill or ability to perform certain tasks or activity. While formal educational qualification in a subject area or areas – typically secondary (high-school), university, and professional qualifications can infer knowledge, on–the-job training, self-directed learning, and/or vocational training are important knowledge building tools.
Non-technical skills These skills are a subset of overall skills relevant to a job family/role but are non-technical in nature. These skills include a wide variety of people-related skills, conceptual/thinking-related skills, personal skills, and/or business skills.
Technical skills In the context of the Kafa'a, these are the skills that involve the ability to perform core tasks in a specific discipline, department, and/or specialised field directly related to the performance of a job function/activity.
AAOIFI Accounting and Auditing Organization for Islamic Financial Institutions
ACIIChartered Insurance Institute
ACAMS Association of Certified Anti-Money laundering Specialist
ACCA Association of Chartered Certified Accountant
AML Anti-Money Laundering
BCBS Basel Committee on Banking Supervision
CFA Chartered Financial Analyst
CIA Certified Internal Auditor
CII The Chartered Insurance Institute
CoA Chart of Accounts
CPA Certified Public Accountant
DNFBPDesignated Non-Financial Business or Profession
FATCAForeign Account Tax Compliance Act
FATFFinancial Action Task Force
FMDC Financial Markets Development Committee
FRM Financial Risk Manager
FS Financial Services
FSBFinancial Stability Board
GL General Ledger
IAIS International Association of Insurance Supervisors
ICAAP Internal Capital Adequacy Assessment Process
IFRS International Financial Reporting Standards
IFSB Islamic Financial Services Board
IOSCO International Organisation of Securities Commission
IMFInternational Monetary Fund
KYC Know Your Customer
PRM Professional Risk Manager
QCB Qatar Central Bank
QFCRA Qatar Financial Centre Regulatory Authority
QFSQF Qatar Financial Services Qualification Framework
RCSA Risk Control Self Assessment
SIFI Systemically important financial institution.
T&C Systemically important financial institution.