Page 109 - Annual Report 2017

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Promoting Careers in Financial Regulation in Student Haya Al-Ansari, 17, said “The presentation increased my
Secondary Schools understanding of the insurance industry. I knew about motor and
health insurance, but was unaware of life insurance. And now I
understand what happens with the funding of takaful insurance,
The Al Masar strategy calls for the Regulatory Authority to reach
out to secondary school students in Qatar to acquaint them with which was a mystery to me until Ms Shaheen explained it.”
career possibilities in Qatar’s financial sector. To that end, the Regu- School Principal Dhabya Al Buenain said,
latory Authority signed a Memorandum of Understanding with two
unique secondary schools on 23 March 2017.

The Qatar Banking Studies and Business Administration Indepen- “We have some of the top achievers in Qatar in
dent Secondary School for Boys (QBSBAS) and the companion
School for Girls are a joint initiative of the Qatar Central Bank and this school. Most of our students have been in con-
the Ministry of Education. The schools provide a specialised educa- tests and exhibitions and have won prizes for their
tion to prepare 80 students in grades 10-12 for careers in financial work. I’m glad they’re getting a glimpse of the
institutions including banks, financial services companies, the stock financial sector through the eyes of Qatari women
exchange and financial regulation. leaders.”

Under the agreement, the Regulatory Authority is providing summer
internships for select QBSBAS students; hosting seminars on Qatar’s Al Masar Scholarship
financial policies and regulations at the schools; bringing students
to the Regulatory Authority on a regular basis for informal familia- To create a talent pipeline of future financial regulators for the next
risation meetings with Qatari employees from the core business decade, the Regulatory Authority worked with the Ministry of Admin-
areas; and recruiting qualified students for an Al Masar Scholarship istrative Development, Labour and Social Affairs to develop the
programme. Al Masar Scholarship for high school students interested in careers
in the finance sector. The Al Masar Scholarship was announced in
the fall of 2017 to students of the two secondary banking schools,
Banking on the Future with the official launch of the programme in September 2018.

In October 2017, two Regulatory Authority staff members visited the
Qatar Banking Studies and Business Administration Independent
Secondary School for Girls to talk to Year 11 and 12 students.
For Maryam Mohammed, Associate Director, Policy, the job was
to increase awareness of the Qatar Financial Centre, and the role
the Regulatory Authority plays as a financial regulator in Qatar with
the Qatar Central Bank and the Qatar Financial Markets Authority.

Reem Shaheen’s classroom visit to Year 12 students followed a
week later. The Senior Associate, Insurance Supervision discussed
the specific career path of insurance supervision at the Regulatory
Authority.
Dhabya Al Buenain, Principal of QBSBAS School for Girls and Ahmed
Yousef Al-Mahmoud, Principal of QBSBAS School for Boys, signed
the agreement on behalf of their schools with Eisa Ahmed Abdulla,
Regulatory Authority Chief Operating Officer and Managing Direc-
tor, Corporate Services, centre, at the signing ceremony