Can Someone with Only a Junior College Degree in Finance Become a Member of the Board of Directors of a People's Credit Fund?
Based on Clause 9, Article 2 of Circular 21/2019/TT-NHNN stipulating the conditions and standards for members of the Board of Directors of people's credit funds with a total value of less than 200 billion as follows:
- Be an individual member or a representative of the capital contribution of a legal member;
- Reside in the operation area of the people's credit fund;
- Be in good health to meet the job requirements;
- Not fall into the cases stipulated in Articles 33, 34 of the Law on Credit Institutions (as amended and supplemented);
- Not be a person responsible according to inspection conclusions leading to the credit institution or foreign bank branch being administratively sanctioned in the field of money and banking at the highest fine level for violations of regulations on permits, management, operation, shares, stocks, contributions, share purchases, credit extension, corporate bond purchase, safety ratio as stipulated by law on administrative violations in the field of money and banking within 24 consecutive months before the election;
- Have at least 01 year as a manager or operator of a credit institution or at least 02 years as a manager or operator of a business operating in finance, banking, accounting, auditing or at least 03 years working directly in the financial, banking, accounting, or auditing operations department;
- Hold an intermediate degree in one of the majors in finance, banking, accounting, auditing, business administration, law and hold a certificate proving training in people's credit fund operations according to the State Bank's training program for people's credit fund operations; or hold a college degree in one of the majors in finance, banking, accounting, auditing, business administration, law; or hold a university degree or higher.
Therefore, in your case, if you only have an intermediate diploma in finance but possess a certificate proving that you have been trained in people's credit fund operations according to the training program by the State Bank, you still meet the requirements to become a member of the Board of Directors of the people's credit fund.
Sincerely!
