EXECUTIVEEXECUTIVE MASTERMASTER ININ RESPONSIBLERESPONSIBLE BANKINGBANKING (ONLINE)(ONLINE) EXECUTIVEEXECUTIVE MASTERMASTER ININ RESPONSIBLERESPONSIBLE BANKINGBANKING (ONLINE)(ONLINE) Álvaro Martínez-Echevarría y García de Dueñas Director of IEB Welcome to the IEB, a Higher Education Institution affiliated to the Complutense University and sponsored by the Bolsa de Madrid (Madrid Stock Exchange). The IEB was created in 1989 with the start up of the first Spanish Master in the Stock Exchange and Financial Markets. Since then – and having trained for all those years university students, post-graduates and professionals - the IEB has gained the indisputable leadership position as the main Financial Training Center in Spain and the Spanish speaking world. Our Study Center has been entrusted with the professional preparation and International Finance training of ma- nagers and professionals belonging to the main Spanish and foreign companies with an international presence. We have an unrivalled faculty staff in economics, legal and financial subjects and our students receive their demanding training with academic seriousness and personalized attention, inspiring a professional attitude based on solid moral principles. All of this enables, as well as rapid insertion into the work place of our graduates, brilliant professional develo- pment of those who pass through our lecture rooms, which daily consolidates the prestige of our institution. Anyone interested in acquiring economic, legal and financial education of the highest level will find in the IEB all the human, technical and documentary resources to satisfy their intellectual needs. With the best of regards, Welcome Álvaro Martínez-Echevarría y García de Dueñas Director of IEB 1. Introduction 6 2. Objectives 8 3. Structure 9 4. Methodology 10 5. Online Platform 11 6. Students 12 7. Certification 13 8. Syllabus 15 9. Optional Study Visits 20 10. The London School of Economics Stay 21 11. Coaching sessions 23 12. Faculty staff 26 13. Strategic Advisory Committee 30 14. Academic Committee 31 15. Admission 33 16. Duration and calendar 34 17. Cost of Strudies 34 Index INTRODUCTION An innovative 1 programme The Executive Master in Responsible Banking is a one-year online programme designed for bankers and future financial service providers who wish to sustainably change the banking industry. Organised by three major international players in the banking and academic sectors it delivers two specialisations, one in Retail Banking, the other in Corporate Banking. Each chapter is analysed from a responsible management perspective emphasising the bank’s economic role and its impact on social welfare and the environment. The Executive Master’s Online modular set up is enriched with optional local study visits in order to illustrate the content and facilitate professional exchanges. Coaching sessions are planned to reinforce the Executive Master‘s course insights. Programme accreditation ensures the highest quality of instruction. RESPONSIBLE BANKING PRINCIPLES Responsible Banking encompasses a strong commitment by the banks to sustainable development and requires them to address corporate social responsibility as an integral part of its business activities. Responsible Banking principles, which has been developed by WSBI, include: 1. Fair and transparent corporate governance, 2. Fair and clear relations with customers, 3. The provision of useful and appropriate products and services that improve the financial well being of customers, 4. Responsible investment through the integration of environmental, social, governance (ESG) and ethical issues into financial analysis and decision-making, 5. The promotion of financial accessibility and inclusion, 6. The promotion and provision of financial education policies and instruments, 7. Environment - friendly business, 8. Making a responsible contribution to the community, 9. Being a responsible employer through the application of fair and equal treatment to all staff, 10. Contribution to financial stability. Responsible Banking emphasises the bank’s primary socio-economic role as a provider of sustainable welfare to both the citizen and the economy. 6 OBJECTIVES 2 To acquire responsible knowledge The Executive Master Programme aims to: • Rethink the role of the banks with a responsible management perspective; • Build a new generation of bankers with responsibly driven mindsets and attitudes; • Enable students to influence the bank industry’s future; • Rebuild trust in banks; • Contribute to making positive change a sustainable reality; The Executive Master’s modules include classic and current business theories with recent business cases to teach students how to more effectively manage and lead complex banking organisations in today’s competitive business environment. The programme includes study visits in order to see how Responsible Banking is practically integrated into a bank’s strategy and operations. The coaching sessions are there to help the students as an individual, to analyse the environment and the realistic options to successfully transform banking practices into more responsible ones. Each attendee will acquire and develop skills and a wide range of specialities crucial to the success of banking and finance professionals. As an individual, the student will: • Improve the decision-making and performance; • Gain a better understanding of corporate thinking and culture; • Acquire a holistic approach towards people, processes and technology. As a professional, the student will: • Gain comprehensive knowledge of specialised areas in banking and finance; • Learn to efficiently manage bank risk; • Develop customer-centric strategies and policies; • Develop a new bank management culture; • Acquire the current best responsible banking practices; • Analyse the main conflicts of interest in different banking business lines. 8 STRUCTURE 3 The soundness of the studies Students are allowed to choose between one specialization in Responsible Retail Banking or in Responsible Corporate Banking or either choose both specializations in Responsible Retail and Corporate Banking. The Executive Master is launched by: The IEB is the Spanish leading educational institution in financial training in Spain and Iberoamerica. It was created in 1989. The IEB is an official centeraffiliated to Universidad Complutense (the largest Spanish University) and sponsored by the Madrid Stock Exchange. Since IEB was created, the centre has trained more than 30,000 students in a wide variety of financial topics. The educactional activity of IEB is organized according to the following academic struture: • Undergraduate level • Graduate level: Master Degrees • Executive Education • In company programmes The programme was created in partnership with: The World Savings Banks Institute (WSBI) is a banking association that represents more than one hundred savings and retail banks associations (in total, more than 6,000 financial institutions) worldwide in 89 countries. As the global voice of savings and retail banking, it is committed to promoting responsible banking through this new Executive Master Degree. One of the pillars of savings and retail banks is their responsible involvement in their region and towards their customers through the provision of accessible products and services, in particular for those who would not have had access to financial products otherwise. And in association with: LSE Executive Education is the global leader in the study of economics, law and European studies. LSE students and teachers include 16 Nobel prize winners, 34 past or present world leaders have studied or taught at LSE and an influential network of over 100,000 LSE alumni spans the world, covering over 190 countries 9 METHODOLOGY 4 The best way of working The Executive Master’s modules include classic and current business theories with recent business cases to teach students how to more effectively manage and lead complex banking organisations in today’s competitive business environment. All programme modules provide an academic tutor whose responsibility is to follow each student, introduce practical cases and answer questions through online tutorials. Students have detailed study documentation as well as numerous spreads- heets which are kept on the virtual platform so that students can use them from whenever and wherever they are studying. The programme includes optional study visits in order to see how Responsible Banking is practically integrated into a bank’s strategy and operations. The coaching sessions help students as an individual to analyse their environment and the realistic options for successfully changing their banking practices into more responsible ones. Studying Online is becoming so popular that many well-known academic institutions are launching their own Online courses. It is a development that coincides with the increased usage of high quality receivers such as ultra books, tablets and smart phones. Online courses also offer convenience, flexibility, and cost advantages. They allow students to study anytime, anywhere. Costs can also be easier to handle because there is no need to commute or leave a job. The lack of interactivity that is often considered a disadvantage has been addressed with innovative methodology and the latest technology in the present Programme. 10 ONLINE PLATAFORM 5 Technology and IT To allow adequate supervision by lecturers and ensure fluid communication between the Centre and all the students, the most advanced tools will be available