- Build Capabilities, Strengthen Employability
MAS extended the enhanced training support measures to encourage financial institutions to continue to build capabilities and strengthen employability of their workforce. Firms and individuals in the sector continued to actively pursue training and upskilling, with close to 75,000 trainees supported by FSDF in the past year under the Financial Training Scheme (FTS)
and IBF Standards Training Scheme (IBF-STS).
- Build Pipeline for Entry-level, Leadership, and Specialist Talent
To enhance the job-readiness of graduates, FSDF launched the Work-Study Support Programme (WSSP)
in May 2021, to encourage FIs to hire and train students through internships. More than 80 students were supported through the WSSP during the year.
For entry-level and other financial sector professionals, the Finance Associate Management Scheme (FAMS)
and International Postings Programme (iPOST)
provided opportunities to close to 200 professionals to be trained through financial institutions’ structured talent development programmes and to gain overseas exposure. These schemes were enhanced in September 2021, to expand opportunities for professionals to be equipped with international capabilities and be trained in priority areas, such as portfolio management, green finance, and technology.
At the more senior level, the Asian Financial Leaders Scheme (AFLS)
supported the development of promising professionals, currently one or two levels below C-suite, to take on future leadership roles. In addition, to build expertise in specialised fields, the Financial Specialist Scholarship (FSS)
continued to support professionals in completing top post-graduate programmes.