​​​​SkillsFuture Study Award (“SFSA”) for Financial Services helps Singaporean finance professionals develop and deepen their skills through a wide range of programmes.
The SFSA is targeted at Singaporeans in the early to mid-stages of their careers and are committed to develop and deepen their skills. Awardees will receive a monetary award of S$5,000, which can be used to defray out-of-pocket expenses associated with the course(s) being taken. It can also be used on top of existing government course fee subsidies.​​

Eligibility Criteria 

  • Singapore citizens with minimum 3 years of work experience in the financial sector 
  • Committed to deepening skills 
  • Has contributed to the learning or training of others 
  • Not a previous recipient of any SkillsFuture Study Award 
  • Not a civil or public servant 
  • Selected course of study should be relevant to the job roles within the financial sector​ 
    • Selected course of study must be one that the applicant has enrolled in but yet to complete OR one ​​that the applicant is planning to enroll in at the point of SFSA application submission

Applicants are required to declare all awards, scholarships, grants and government funding, resulting in the reduction of the amount of course fees that is payable.

Applicants must upload the Course Details Form​​ in the online application portal accessible at “Apply Now” above.
Applicants can take up to 2 courses to maximise learning opportunities under the SkillsFuture Study Awards.
We regret that incomplete applications will not be considered. 

​ Examples of Supported Courses

Supported courses should deepen skills in areas including insurance, asset and wealth management, compliance, risk management, data analytics, IT and cyber security. 

 Supported courses include, but are not limited to, short-term executive technical courses and specialist diploma programmes such as:​
Course​ Institution
Specialist Diploma in Business Analytics Temasek Polytechnic
Specialist Diploma in Cloud Data Centre Technology and Management Nanyang Polytechnic
Specialist Diploma in Business & Big Data Analytics Nanyang Polytechnic
Specialist Diploma in Cyber Security Management Singapore Polytechnic
Specialist Diploma in Operational Risk Management NUS Risk Management Institute
Advanced Diploma in Enterprise Business Analytics Ngee Ann Polytechnic
Financial Market Operations and Technology: Risk Management Systems Singapore Management University
Advanced Network Forensics & Analytics SANS Institute
Certified Anti-Money Laundering Specialist Association of Certified Anti-Money Laundering Specialists
ICA Advanced Certificate in Governance, Risk & Compliance – IBF Level 1 International Compliance Training Academy (ICTA)
Financial Risk Manager Certification Training Program NUS Risk Management Institute
SMU Executive Certificate in Structured Trade & Commodity Finance Singapore Management University
Leading with Big Data Analytics National University of Singapore
ICA Diploma in Governance, Risk and Compliance International Compliance Training Academy (ICTA)
ICA Diploma in Anti-Money Laundering/Counter-Financing Terrorism International Compliance Training Academy (ICTA)
Oxford Fintech Program University of Oxford​

These are examples of supported courses, and the list is not meant to be exhaustive. Applicants may submit other courses for consideration on a case-by-case basis. All applications are subjected to competitive selection process.

Application Period​

Applications for FY2019 has closed. The next SFSA application period will commence in May 2020.

Evaluation Process
Evaluation of applications will take about 6 to 8 weeks after the application closing date. Only shortlisted applicants will be notified.

  • Applicants who have met the eligibility criteria do not automatically qualify for the SkillsFuture Study Award.
  • IBF’s decision is final and binding. Enquiries or disputes on or in connection with its decisions will not be entertained.
  • IBF reserves the right not to disclose the reasons for approving or rejecting any application, and to reject any incomplete application.
  • IBF is not liable or responsible for the accuracy, reliability or completeness of content or information published on other third-party websites on or in connection with the SkillsFuture Study Awards.


Email: sfsa@ibf.org.sg