ABOUT TFIP | ELIGIBILITY & PRE-REQUISITIES | PARTICIPATING FIs | APPLYING FOR TFIP | PROGRAMME MILESTONES | TFIP INFO SESSION | FREQUENTLY ASKED QUESTIONS



About TFIP




The Technology in Finance Immersion Programme (TFIP) is an industry Attach-and-Train Career Conversion Programme that aims to build up an industry pipeline of capabilities in key technology areas to meet the talent needs of the financial services sector.

This is a full-time programme that provides mid-careerists with the opportunity to attend industry-curated structured training, followed by attachment with leading Financial Institutions to gain on-the-job experience to pivot into a career in technology within the financial services sector.

Technology areas that are available under TFIP 2022 are:


The programme is managed by the Institute of Banking and Finance (IBF), with the support of Workforce Singapore (WSG), Infocomm Media Development Authority (IMDA), Monetary Authority of Singapore (MAS) and participating Financial Institutions.






Who Can Apply?


Mid-career individuals who are passionate about pursuing a technology career in the Financial Services sector and who fulfil the following eligibility criteria and pre-requisites may apply:

Eligibility Criteria
  • Singapore Citizen or Singapore Permanent Resident
  • Minimum 21 years old
  • Graduated or completed National Service (whichever is later and where relevant) for at least 2 years at the point of application
  • Possess a tertiary qualification (Diploma/Degree)
  • No prior work experience in any of the following technology areas: Agile IT Project Management, Artificial Intelligence, Business Analysis, Cloud Computing, Cybersecurity, Data Analytics, Software Engineering, and Technology, Information and Cybersecurity Risk
  • No outstanding sponsorship obligations
  • Must not be a shareholder# of the hosting financial institution, or its related companies
  • Must not be related to the owner(s)^ of the hosting financial institution
  • Must not be immediate ex-staff of the hosting financial institution or related entities


#does not apply to publicly traded shares in listed companies
^for non-publicly listed companies, refers to individuals with shareholding per ACRA profile


Pre-Requisites

Training Areas for
TFIP 2022

​Pre-requisites
Artificial Intelligence 
​Qualification / experience in Science, Technology, Engineering or Math (STEM); or

STEM-related courses or certifications


​Cloud Computing
​Cybersecurity
​Software Engineering
​Technology, Information & Cybersecurity Risk (New)
​Data Analytics
​Qualification / experience in Science, Technology, Engineering or Math (STEM) or a Quantitative field; or

STEM-related courses or certifications 


​Business Analytics
​Qualification / experience in Science, Technology, Engineering or Math (STEM);

STEM-related courses or certifications; or

Experience in Financial Services industry
​Agile IT Project Management
​Qualification in any area


Application & Selection Process

  • Applicants can select up to 3 preferred Financial Institutions to apply to, but IBF reserves the right to forward your application to other participating financial institutions.
  • Eligible applicants will be invited for an assessment to assess aptitude
  • Applicants who pass the assessment and are shortlisted by the participating Financial Institution(s) would be invited for interview(s).
  • Successful applicants will be offered a traineeship by IBF and the hosting Financial Institution. They will undergo (i) structured training (approximately 1 – 6 months) with industry-recognised training providers to attain foundational skillsets required of the respective technology areas. Upon completion of the structured training, trainees will be attached to the hosting financial institutions for (ii) on-the-job training.
  • Trainees under this programme are not employees of the financial institutions, they will not be covered by the Employment Act and CPF Act.






How does it work?

​Training Areas
Programme Duration​
Training Allowance (per month)
​Artificial Intelligence
​18 Months



​ ​
​$5,500

​ ​ ​ ​
​Cloud Computing
​Cybersecurity
​Software Engineering
​Data Analytics
​Technology, Information & Cybersecurity Risk
​Business Analysis
​12 months

$4,500​ ​
​Agile IT Project Management




​Participating Financial Institutions


Companies / Training Area Agile IT Project Management Artificial Intelligence Business Analysis Cloud Computing Cybersecurity Data Analytics Software Engineering Technology, Information and Cybersecurity Risk
AgFunder Asia
AIA
Asia Heritage
Azalea
Barclays
Bank of America
Bank of Montreal
Bank of Nova Scotia
BNP
BOS
Cap 1
CGS CIMB
Citibank
Credit Agricole
Credit Suisse
DBS
Deutsche Bank



Dymon
Elevate
Endow.US
Farallon Capital Asia
GAO Capital
Golden Horse
Goldman Sachs

Great Eastern
GXS
Heritage Capital
HSBC
IFS Capital
Invest Partners
ITUS
Jcube Capital
JP Morgan





Insignia
Mainnet
Manulife






Maybank
Mizuho Bank

MSIG
MUFG
Munich Re
Nomura
NTUC Income


OCBC

Partners Group
Perrenial Partners
Pine Venture
Pivot Fintech
Point72
Prudential






Quest Venture
Santa Lucia
SCB
SGX
Singlife
SMBC
Softfir Capital
Stoic Capital
TD Securities
UOB
United Overseas Insurance
UBS
*Updated as of 24 May 2022







​How to Apply


  • Applicants should complete the application via the web-form with necessary declaration on WSG MyCareersFuture
  • Applications will close on 18 Jun 2022
  • Individuals will need their SingPass to login to the application portal to complete their application.
  • Applicants shall agree for their details in the application to be shared with all participating Financial Institutions as well as IBF Careers Connect, to contact them for job matching services should their application to TFIP be unsuccessful.





Key Milestones


Please note that below is an indicative timeline and IBF reserves the right to adjust the timeline accordingly.


Month Activity
May – Jun 2022

- Online Application

- TFIP Information Session

Jun 2022 - Screening of Eligibility Criteria
Jul - Aug 2022 - FI Screening and Selection
- FI Interview and Offer
Sep 2022

- Onboarding of TFIP trainees

Nov - Dec 2022

- Training Commencement








TFIP Information Sharing Session


Find out more about the programme, hear from business leaders on the job prospects and mid-career switchers on their conversion experience.

Date: 2 June 2022 (Thu)
Time: 9.00 AM - 12.00 PM








If you have further queries, please refer to our FAQ list.