The future starts today, not tomorrow. Technology trends and customer preferences are changing the landscape of the financial services industry in Singapore. In this dynamic environment, IBF aims to empower finance professionals with new skills and facilitate workforce transformation within the industry. Read about our transformation in 2018.
“ Workforce transformation initiative can only be successful with the continuing leadership and collective effort of all stake-holders. ”
IBF has also launched the Technology in Finance Immersion Programme (TFIP), which will help more individuals move into new growth areas. In partnership with the relevant government agencies (MAS, WSG, Infocomm Media Development Authority) and participating financial institutions, the programme will allow trainees to gain skills and experience in new technology areas such as cloud computing, cyber security, data analytics, and full stack development. I am pleased that seven of our financial institutions have come out in strong support, and that we will have more than 70 places in the first run.
IBF-MAS completed a study on the impact of data analytics and automation on 121 job roles in the financial industry, and identified additional skills that would be needed for changing job tasks in each of these job roles. Find out if you have the additional skills required here.
IBF has also refreshed the technical/domain skills required for financial services industry jobs under the Skills Framework for Financial Services. This will be launched in September 2019.
Learn@IBF is a mobile learning app that provides bite-sized content on skills needed for the future of finance. Key skills include agile thinking, data analytics, awareness of digital technologies, human centred design, and risk and governance in the digital world.
In 2018, the app was also used as a platform to update 3,800 finance professionals on changes to the Financial Markets Regulatory Practices (FMRP) Exam.
IBF continues to expand the pool of accredited training programmes, so that finance professionals have more avenues to acquire new skills. Discover the full list of accredited training programmes here.
Our events in 2018 focused on new areas in finance such as RegTech, SupTech, Forensic Data Analytics and Sustainable Investments. Find out what’s coming for 2019 here.
IBF Certification is an industry endorsed mark of quality that recognises individuals who have attained professional excellence and skills.
The IBF Fellowship Awards recognises and honours industry leaders for their contribution to the growth and development of Singapore’s financial services industry.
Provided career advisory services to
IBF Careers Connect provides career advisory and job matching services to individuals in the financial services industry. Whether you are looking to take on a new role, or making a career switch to the financial industry, we will work with you on achieving your career goals.
The Professional Conversion Programme (PCP) is part of Workforce Singapore's (WSG) Adapt and Grow Initiative which provides individuals with the opportunity to be re-skilled for new careers in growth areas.
Hear the stories of fellow finance professionals who have benefited from professional conversion programmes managed by IBF.
Transaction Service Analyst,
Citibank Singapore
Compliance Associate,
Standard Chartered Bank
Universal Service
Banker Senior,
Citibank Singapore
Service Manager,
United Overseas Bank
Business Financial Manager,
Group Business Banking,
United Overseas Bank
Business Financial Manager,
Assistant Branch Manager,
United Overseas Bank
Investigator,
Standard Chartered Bank
The IBF-MAS study on the impact of data analytics and automation provides a guide for financial institutions to plan for workforce transformation. Developed to reflect key roles across the banking, insurance and asset management sectors, the study will help financial institutions understand how job tasks will change and develop a roadmap for employees to acquire additional skills required. Download the full study here.
IBF Careers Connect supported hiring efforts of financial institutions through its jobs matching services.
Reduced processing time for training grants by more than 60% to about 8 weeks, to enable financial institutions to optimise their training budgets.
Obtained commitment from financial institutions to re-skill close to 4,000 finance professionals. Two key segments that IBF worked with financial institutions on in 2018 were consumer banking and operations.