Financial teachers in Portugal

FIKAI is a financial training institution (FTI) based in Bilbao. Since its creation in 2007, it has been devoted to in-house training, mainly for banks and financial institutions.

Since 2012, FIKAI is an Accredited Training Institution by EFPA (European Financial Planning Association) Spain, becoming a key player in the Spanish market for EFPA accreditations training.

In recent years EFPA EIP (European Investment Practitioner) and EFPA EFA (European Financial Advisor) have been facing an increasing demand due to MiFID II compliance, as they have been accepted by national regulators1 to comply with knowledge and competence requirements included in MiFID II. EFPA accreditations have been seen for financial institutions as “safe harbors” for compliance requirements.

FIKAI’s team in Portugal have been conducting EFPA training courses during the last four years with +350 students enrolled.

There is an increasing demand from some Portuguese financial institutions to improve their financial advisor’s capabilities. In this sense, FIKAI expects to growth its activity in Portugal so qualified financial trainers are required.

As a “rule of thumb” we can say that CFA Level I exam covers around 75% of the EIP syllabus and 60% of the EFA. That is the reason why we consider CFA charterholders are in a very good position to participate as teachers in our training courses.

At the end of this document are included the key modules of the program in Portuguese. The detailed syllabus is attached.

What we expect from a CFA charterholder as member of FIKAI’s team:

• To be an expert in the subject chosen, further on than included strictly in the program. It is clear that each teacher can choose the topic he/she will teach.

• To have solid pedagogical skills well beyond of clear explanation of each topic.

• To be able to manage groups (around 25-30 students) during sessions that could take the whole day (full-day lessons).

• To have certain degree of availability in order to be able to conduct from five to ten sessions (either full or half day) during each year.

Specific functions will be:

• To create its own classroom material (mainly ppt). Even though students are provided with learning materials (manuals of each module) containing all the program with explanation of each topic including examples and exercises, teachers should create their own material to conduct their classes.

• To create multiple choice questions based on the topics covered.

• To translate/adapt multiple choice questions provided in Spanish.

• Teaching sessions may be:

               o 8-hour. Full classroom day. Usually from 9:00 to 18:00

              o 4-hour Half classroom day, either in the morning (from 9:00 to 13:00) or                  in the afternoon (from 14:00 to 18:00)

             o 2 to 4 hours of Webinar, usually in the afternoon.

. • To make the follow-up of their topics by answering specifics questions raised by students in the course e-learning platform.

• It is possible it would be needed to record short videos explaining specific topics.

The remuneration stablished is 120€/hour irrespectively if the lesson is full-day, half-day, or webinar. The compensation for the work related with questions creation (or translation from Spanish) are included in the remuneration package. The number of questions will be agreed, but should be around five for each hour of teaching.