Genpact (NYSE:G), a global leader in digitally-powered business process management and services, is partnering with the Institute for Certification of Computing Professionals (ICCP) to develop a comprehensive certification program to certify data scientists to address the regulatory compliance needs of clients in the banking and financial services market.
Financial institutions facing new regulatory requirements at the global and regional levels need to be more compliant than ever before, and thus have a growing need for processing and understanding the available data. With data volumes doubling every two years, it is not enough to just have access to all of that data and process it for insights. Consumers today demand real-time recommendations. As a result, contextual data analytics will become much more main-stream today across risk analytics, customer experience, and operations optimization. However, a dearth of talent exists today for advanced data and analytics expertise to measure and monitor their operational, credit, market and enterprise risks.
To meet this need, Genpact is ensuring that its risk consultants remain current and stay ahead of key industry issues and regulatory developments, and this partnership with ICCP further supports this effort. This partnership combines the organization's extensive experience in the latest risk management and compliance methodologies with Genpact's deep domain knowledge and experience gained from more than 15 years of risk and regulatory services. Genpact has more than 2,000 risk and regulatory services analysts and consultants supporting a number of global clients.
The Genpact Risk Academy program was established last year to include more than 35 classes taught by industry experts and through online assessment tools to provide ongoing assessment, knowledge, and skills development on current regulatory issues. This Risk Academy co-designed certification program with ICCP will include Associate Business Data Management Professional (BDMP) and Certified Data Professional - Data Management (CDP-DM) certifications. More specifically, the Associate BDMP certification includes assessments on key data analytics topics including business and technology management, data warehousing, business intelligence (BI), data and information quality, data governance and stewardship, and data development. Along with assessments, the joint program will provide consultants with intensive instructor-led training sessions.
"We look forward to working with Genpact and like-minded companies focused on continuous quality improvement to reduce risk in projects, while assuring increased professional competency of our global workforce," said Ken Metcalfe, I.S.P., CCP, ITCP, president, ICCP.
"With association with industry partners like ICCP, Genpact is continuing to provide our professionals with opportunities to expand and strengthen their risk and compliance capabilities," said Manish Chopra, senior vice president and global business leader, Risk Services at Genpact. "As a result, we can provide more strategic counsel to our clients and help them make the most of their data and analysis to effectively manage risk and comply with ever-changing regulatory requirements."