Talent development in the financial services industry is key in promoting a well-functioning and stable financial sector. Bank Negara Malaysia (BNM), for many years, have embarked on wide ranging strategies to strengthen talent development in the financial services sector with several institutional entities formed for this purpose. One such entity is the Financial Sector Talent Enrichment Programme (FSTEP).
Started in 2007, FSTEP is the brainchild of former BNM Governor Tan Sri Dr. Zeti Akhtar Aziz and is managed by the Asian Banking School (ABS) in collaboration with BNM. It is entrusted with equipping talents with the right skills and knowledge for their transition and new start into the financial services industry. An industry-driven initiative, it is the aim of FSTEP to be a bridge that connects the needs of the industry with the talents produced by institutions of higher learning. Beyond that, it is believed that with the right training, exposure and experience, graduates of FSTEP can be put into positions of responsibility over the long term and possibly go on to form the pool of future leaders and senior management for the financial services industry.
FSTEP provides a 3-month comprehensive and interactive training that has been specifically designed to equip young graduates of age 30 and below from all majors of study with the technical knowledge, personal and leadership skills needed to succeed in the financial services industry.
The Asian Banking School (ABS) is the industry provider of premium professional certification and capability development programmes. Dedicated to developing talent, it specializes in professional banking education and serves as a channel for intellectual content and thought leadership for the banking sector.
Created for the industry by the industry as an independent entity, ABS was built upon the decades-long experience of the Institute of Bankers Malaysia (IBBM) in delivering professional qualifications and training programmes. It was registered in 2012 and after its official launch by the then Bank Negara Malaysia Governor at the end of 2013, ABS started full operations in August 2015.
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