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The SOFQ certification exam tests candidates on topics such as securities, markets, settlement, clearing, and risk management. Candidates will learn about the different trading practices, the role of regulatory bodies, the importance of risk management, and the fundamentals of clearing and settlement procedures. Through this certification, candidates can establish their credibility, enhance their skills, and expand their knowledge of securities operations.

ICMA SOFQ certification is an excellent program for individuals who are interested in pursuing a career in the securities operations industry or who want to enhance their knowledge and skills in this field. The program covers a wide range of topics, is recognized globally, and is highly regarded by employers in the industry. If you are interested in pursuing this certification, you can visit the ICMA website to learn more about the program and how to register for the exam.

Reference: https://www.icmagroup.org/executive-education/courses/securities-operations-foundation-qualification-sofq-3/

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ICMA SOFQ Exam Syllabus Topics:

SectionWeightObjectives
Pre-Trade Environment15%- Client onboarding and KYC
- Master agreements and static data
Introduction to International Securities15%- Equities vs debt securities
- Market participants and roles
- Primary and secondary markets
Regulatory & Operational Risk10%- Key operational controls
- Regulatory reporting
Clearing & Settlement25%- Settlement processes and STP
- Corporate actions processing
- Custody and depository roles
- Central vs bilateral clearing
Position & Collateral Management15%- Position reconciliation
- Repo and securities lending
- Funding and short covering
Trade Execution & Post-Trade20%- Trade capture, confirmation and matching
- Trading models and systems
- Middle office functions

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