Future of Finance Jobs
Read the keynote address by Mrs Josephine Teo, Minister for Manpower, at the IBF careers Connect Visit on 23 April 2019.
As the financial sector continues to transform with evolving business models and wider integration of technology, the nature of jobs will evolve. It is important for professionals to be equipped with new skills and competencies required in evolved job roles to enhance employability.
MAS and the Institute of Banking and Finance (IBF) have programmes and schemes targeted at individuals for your skills and career development.
MAS works closely with tripartite partners on skills and talent development to improve the competencies of financial sector professionals and strengthen the local talent pipeline of finance professionals and leaders.
Together with our key partner, the Institute of Banking and Finance (IBF), we have put in place programmes and schemes that support your FI’s efforts in hiring, building talent pipeline and workforce transformation.
The response to two forum letters reiterated that the correct response to the growing role of technology is not to avoid it but to equip our workers so that they can take on the higher value job roles that technology will enable.
Singapore and UK concluded three agreements that will further deepen connectivity between the financial centres in Singapore and the UK. The agreements were made at the UK-Singapore Business Summit held on 13 June 2019 in commemoration of Singapore’s Bicentennial.
IBF-MAS study identifies skills for more competitive financial sector workforce.
Mrs Josephine Teo, Minister for Manpower, spoke on the joint IBF-MAS study on the impact of data analytics and automation on financial sector manpower. Minister also launched the Technology in Finance Immersion Programme, for mid-career professionals to take up tech jobs in the financial sector.
Mr Ravi Menon, Managing Director, MAS, launched the joint IBF-MAS study on “The Impact of Wider Integration of Data Analytics and Automation on Manpower in the Singapore Financial Services Sector”.