Securities Industry Professional (SIP) Credential

ISITC-IOA and Securities Operations Forum have partnered to develop and deliver a complete credential program for operations professionals interested in advancing their careers in the securities industry. The program covers the knowledge base essential for professional success in the securities industry while stressing the importance of cross-functional competency.

The program offers the candidate:

	Comprehensive education for operations professionals
	Formal recognition by the Securities Industry

Program format:

	A series of required eLearning (online) courses with quizzes and a test for each course
	Final Exams covering all of the material presented in the Level taken after the completion of the courses in each Level
	Continuing Education credits to maintain the credential

SIP Levels:

There are three levels in the SIP Program. Each level builds upon the information presented in previous levels. The focus of Level I is domestic processing; Level II integrates international concepts; and Level III completes the material with more advanced topics such as Derivatives Processing. Upon successful completion of Level III, the student will be awarded the SIP Credential.

Application Process:

1. Before applying for the SIP Credential Program, please review the SIP Credential Requirements to decide whether you will begin the program with Level I or if you are qualified to test out of some/all Levels.
   
   There are two options:
   •  Regular Admission for all courses
   •  Test-Out Option (Explained below)
   
   
2. Please complete the SIP Online Application.
   
   
3. Please send your signed print-out of Part VII and Part VIII, resume and all required recommendations to:
       SIP Credential Program
       Securities Operations Forum
       48 Wall Street, 4th Floor
       New York, NY 10005
   
   
4. Upon receipt of your complete Application materials, your application will be reviewed. You will be notified of your status within ten business days.
   
   
5. Program Fees for the Level with which you will begin, or any examination fees, are due when you have been accepted to the Program and before registering for the individual courses or exams.
   

Test-Out Option:

If you have experience in some of the areas that are covered in SIP Level I, II or III, you may be eligible for the Test-Out Option for a Level.

The Test-Out Option allows you to select only the courses that you want to take, and only pay for the courses you take. Every thing else is the same:

	All of the requirements for admission are the same.
	The Final Exams for each Level are the same as the exams taken by students in the regular admission.
	The certification is the same.
	The Continuing Education requirements are the same.

As you complete the application process you will be asked to select the courses that you want to take.