The Future of Job/Practice Analysis in a Time of Rapid Change
Track: Credentialing Innovations
The finance industry has been an early adopter of technology, including machine learning and artificial intelligence (AI). The first “robo-advisors” were introduced nearly 10 years ago and a recent article noted that the hottest hires were are no longer MBAs and CFAs, but data scientists and programmers, with jobs advertised for the latter outnumbering those for investment professionals by a factor of eight. Technology has impacted not just the number of jobs for finance professionals. The introduction of machine learning and AI also has impacted the nature of job roles and employer expectations.
CFA Institute, which manages the world’s premier credential for institutional finance, has developed a job/practice analysis model designed to keep pace with the rapid change in the financial markets and related roles. We’ll begin the session by highlighting how AI is impacting job roles in finance (and most likely in your industry as well) and then share: (1) the key components of CFA Institute’s continuous, competency-based practice analysis model and (2) high-tech ways to glean changes in the finance profession using non-traditional practice analysis inputs. The session will conclude with a discussion of how to incorporate a process within job/practice analysis which enables certifiers to perform a detailed analysis of AI’s anticipated impact on job roles in their markets.