Apr 28, 2020
To cater to Financial Institutions’ growing demand for technology professionals and address the need to develop local expertise in these areas within the Financial Services sector, the Institute of Banking and Finance Singapore (IBF) and Workforce Singapore (WSG) have launched the second intake of the “Technology in Finance Immersion Programme” (TFIP) to help mid-career professionals kickstart a technology career in the Financial Services sector. 2 Through structured training and attachment with leading financial institutions, the programme will equip individuals with skills and experience for deep tech growth jobs in Artificial Intelligence, Cloud Computing, Cybersecurity, Data Analytics and Full Stack Development. The programme will complement the existing Professional Conversion Programmes (PCPs) under WSG’s Adapt and Grow initiative to help mid-career switchers undergo skills conversion and move into new occupations that have good career prospects; and supports the TechSkills Accelerator initiative. 3 This follows a successful pilot launched last April, with 70 individuals currently undergoing on-the-job training across four tracks – Cloud Computing, Cybersecurity, Data Analytics and Full Stack Development. This year's programme will be expanded to include an additional track in Artificial Intelligence and training places will be doubled to 140. A total of 13 financial institutions have pledged their commitment to this year's programme from 10 in 2019. The list of TFIP 2020 participating financial institutions and details of the application, which closes on 11 May 2020, can be found in Annex A.4 "Notwithstanding the current climate, it is heartening to see that our financial institution partners remain focused on building human capital in these growing technology job roles for the medium term. Successful applicants will be able to gain in-demand skills and experience through TFIP and be well equipped for such jobs within and outside the Financial Services sector", said Mr Ng Nam Sin, Chief Executive Officer of IBF.
For media enquiries, please contact:
About the Institute of Banking and Finance SingaporeThe Institute of Banking and Finance Singapore (IBF) was established in 1974 as a not-for-profit industry association to foster and develop the professional competencies of the financial industry. IBF represents the interests of over 200 members that are financial institutions - including banks, insurance companies, securities brokerages and asset management firms.
- Qualification in Science, Technology, Engineering or Mathematics (STEM)
-Individuals who possess basic knowledge of computer systems configuration and computer programming would be preferred
- Basic knowledge of 1 programming language
- Qualification in Statistics, Applied Mathematics, Computer Science or other Quantitative fields
18 months (For Data Analytics)
24 months (For Artificial Intelligence, Cloud Computing, Cybersecurity, Full Stack Development)
TFIP trainees will receive a monthly training allowance of S$5,500 for the entire duration that they remain on the programme.
Build, test, deploy and maintain AI tools and algorithms customised to the needs of the business units.
Evaluate, design, deploy and maintain various emerging and mainstream cloud computing technologies.
Bridging MindsSMU Academy
Monitor and investigate cyber security threats and defend against them. Design and implement solutions to protect applications, systems and networks. Analyse security risks for future projects and help protect customers and the financial institution from cyber risks.
Analyse data to find patterns that will help improve operations and business outcomes and build real time visualisation and analytics tools for business users.
Integrate front-end user-facing services and back-end processing services through coding and constructing application programming interface (APIs) and microservices.