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When you need a cloud-based network design program

Posted March 04, 2020 10:02:21A new cloud-network design (CND) program was launched on March 3, 2020.

The goal of the program is to make it easier for network designers to get their work done and to support their networks through the financial services industry.

For the first time, the program will require that the designers submit to a background check, including a criminal history check, for each of the three categories of applicants: students, graduates, and consultants. 

The background check is an important part of the CND process because it ensures that applicants are not being screened out of the job market for a variety of reasons, such as criminal history and mental health concerns.

The CND program was created by the Federal Trade Commission to assist the federal government in helping the finance industry meet its responsibilities under the Dodd-Frank Wall Street Reform and Consumer Protection Act, the new law which required the FTC to regulate and enforce consumer protection. 

As part of that law, the Federal Reserve Bank of New York (FNY) launched the Network Design Certification Program, or NDCP, to help financial companies design network solutions for the finance and insurance industry.

The NDCP program has a $25,000 funding cap, and is open to anyone with a valid credit report and a valid resume that matches the description provided on the NDCP website.

The NDCP is a collaboration between the FNY and the U.S. Department of Justice (DOJ).

The NDCC is currently open for applicants to apply to. 

One of the challenges in applying to NDCP was the fact that the FCO had not yet issued guidance on NDCPs and the NDCC process.

This was particularly problematic for some firms, such that they would have to provide their NDCP information to the NDCO. 

For the new NDCP guidelines, the FDO has created a blog post titled The NDCA’s NDCP Process. 

In it, the DOJ outlines some important guidelines for NDCP applicants, including that:The NDCTP has a number of different certification requirements, including: A minimum of three years of experience in the industry and five years of professional network design experience. 

An associate’s degree in network design or related field. 

At least one year of network design design experience with the FFX industry. 

Experience in the finance sector is not required. 

Network design experience must be in-depth, relevant, and timely. 

There is no requirement that an applicant have an associate’s or bachelor’s degree from an accredited institution. 

Applicants must have a minimum of five years working experience in network designs. 

Applications must include a portfolio of network designs from a variety, and be submitted via an online submission system. 

To learn more about the NDCA and the program,  read our previous blog post. 

Source: The Washington Post