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Certified Capital Markets Examiner (CCME) 

Candidates for the CCME credential must provide evidence of the following:

  1. Completion of a minimum of five (5) years of on-the-job service and training as an examiner, examiner-in-charge, or review examiner. Equivalent industry experience may be substituted on a case-by-case basis.
  2. Satisfactory completion of two or more of the following course offerings or an equivalent*:
    • CSBS Capital Markets Examiner Training (under development)
    • FFIEC Capital Markets Conference (both the general and advanced versions are required in order to qualify as a single offering)
    • Approved corporate training course, either professional or University-based, with a capital market-focused curriculum and which comprises at least 28 hours of classroom training*
                    *Equivalent and/or corporate training options should be pre-approved by CSBS certification staff before beginning the application process.
  3. Attestation of successful job performance and mastery of appropriate job-related skills by a superior within the candidate's organization. A superior is defined as an individual whose job classification is at the Certified Examiner-in-Charge level or higher. All attestations shall be considered final once signed. Attestation as to a candidate's skill will be supported by a defined response form that outlines the necessary and appropriate skills. A high degree of reliance is placed on the attestation forms provided by the applicant's supervisor when granting certification. For that reason, the individual signing the form should be familiar with the applicant's experience, performance, and skills/abilities, and should be confident that the applicant meets all the requirements as noted on the form.

The attestation form addresses the following categories:

TECHNICAL - Provides effective leadership and organization to the examination process by:

  • Effectively following established examination procedures to collect and analyze data
  • Effectively reviewing reports of examination for accuracy, content, conclusions, and proper grammar
  • Effectively evaluating and adjusting scope of examination as required

CONCEPTUAL - Provides effective and accurate evaluation of how a financial institution manages the risk of common capital market activities, including raising capital and managing the investment portfolio.  A candidate must be able to effectively:

  • Assess a financial institution’s earnings and market risk exposure to interest rate risk positions
  • Evaluate a financial institution’s management of liquidity risk
  • Assess the effectiveness of a financial institution’s asset/liability management function
  • Review progressively larger and more complex bank balance sheets
  • Review banks with stressed CAMELS ratings with liquidity, market risk, or investment portfolio issues
  • Assess a financial institution’s ability to accurately conduct stress tests, including Dodd-Frank Act Stress Test and/or Comprehensive Capital Analysis and Review
  • Possess a working knowledge of the financial markets and how developments can affect banks (i.e., Federal actions, yield curve, interest rates, domestic and global economic growth, asset classes and risk profiles)
  • Provide leadership role when working with federal counterparts during a focused capital market examination
  • Develop correct conclusions from collected data

LEGAL/COMPLIANCE - Effectively demonstrates knowledge of policies, procedures, laws, rules and regulations.

  • HUMAN RELATIONS
    • Effectively conducts meetings with management and the boards of directors of financial institutions
    • Effectively coordinates examination planning and execution with other state and federal supervisory authorities
  • ORAL AND WRITTEN COMMUNICATIONS
    • Effectively and clearly communicates assignments to assisting personnel
    • Effectively and clearly communicates with financial institution personnel to obtain information
    • Effectively and clearly communicates examination findings to financial institution and supervisory personnel
    • Effectively prepares written comments which are accurate, grammatically correct, logically arranged, and factually support any conclusions drawn

CONTINUING EDUCATION / EQUIVALENT CERTIFICATION

In order to maintain the CCME credential, the successful applicant is required to submit a minimum of sixty-three (63) continuing education hours (CEHs) over the three-year term of certification. Attendance at least once during the term at the FFIEC Capital Markets Specialists Conference is required. This Conference is approved for eighteen (18) CEHs. The remaining forty-five (45) hours may be acquired by additional attendances at the Conference, through in-house agency training, or by completion of the following training options or an acceptable equivalent:

  • Approved university undergraduate or certificate program
  • Approved corporate training course

Banking department staff and/or federal counterparty in-house training will be accepted for continuing education credit. The person(s) responsible for conducting and/or developing the training program must hold the CCME designation or equivalent professional credentials.

University and/or corporate training courses and seminars will be approved for CE purposes when it is provided by a nationally recognized training center and depending upon the nature and content of the course. Evidence regarding applicability of course content to capital markets regulation, along with the length of the seminar, must be provided to obtain credit when applying for recertification.

Sixty-three CEHs will be awarded for each approved capital markets-related certification received or renewed during the three-year certification term [e.g., GARP’s Financial Risk Manager (FRM) and PRMIA’s Professional Risk Manager (PRM)]. Additional certifications should be pre-approved by CSBS staff before placing any reliance on their applicability to continuing education requirements.