MAS also works closely with the industry to build a strong pipeline of Singaporean leaders in the financial services sector.
Supported IBF as the one-stop industry platform for skills, careers and jobs
In April 2019, IBF and MAS launched a needs of 121 job roles in Singapore’s financial services sector over the next 3 to 5 years. In partnership with SkillsFuture Singapore, IBF also launched the Skills Framework for Financial Services in September 2019 which sets out the progression pathways and skills required for a career in the industry.
We have since observed an increase in take-up of training courses, with around 22,000 trainees supported by FSDF in the past year under the Financial Training Scheme and IBF Standards Training Scheme. We expect this strong take-up rate to continue.
Building a strong pipeline of Singaporean financial services sector leaders
To develop a strong pool of Singaporean leaders in the financial services sector, FSDF, through the and , provided over 250 Singaporeans in the past year with opportunities for cross-functional and overseas exposure. FSDF also supported the building of the talent pipeline in specialist areas such as quantitative finance and data science, through 20 scholarships awarded under the .
To build a pipeline of Singaporean finance leaders for regional and global roles, FSDF supported 42 promising finance professionals under the , to go through curated programmes that provided opportunities to engage regional policymakers and corporate leaders, and to develop deeper insights into Asian markets.