About FSTEP

The Malaysian financial landscape has been transformed in the recent years to one that is sound, competitive and well-diversified. To support the dynamic growth of the Malaysian financial sector, the financial services industry comprising commercial banks, investment banks, Islamic banks, development financial institutions, insurance companies and takaful operators unveiled the Financial Sector Talent Enrichment Programme (FSTEP) in September 2007 to develop new talents.

FSTEP, the brainchild of the Governor of Bank Negara Malaysia Tan Sri Dr. Zeti Akhtar Aziz, is managed by Institut Bank-Bank Malaysia (funded by Staff Training Fund) in collaboration with Bank Negara Malaysia and driven by the financial services industry. It is a unique training programme with the objective to address the shortage of entry level executives within the financial services industry. It is also aims to contribute in building a talent pool to serve the present and future needs of the financial services industry in Malaysia.

FSTEP offers an intensive 1-year training programme covering four banking/insurance streams: Conventional banking, Investment banking, Islamic banking, Insurance/Takaful. All successful participants will be paid a minimum of RM 2,200 by the sponsoring banks or Insurance/takaful companies.