IBF hailed as Jobs Development Partner for finance sector

IBF, MAS will conduct surveys on potential hiring, losses within the sector.

The National Jobs Council has named the Institute of Banking and Finance (IBF) as the Jobs Development Partner (JDP) for the financial services sector.

The IBF, as the JDP, will provide Singaporeans with access to opportunities in the financial services sector.

In collaboration with the Monetary Authority of Singapore, IBF will conduct six monthly surveys on opportunities and potential job losses within the sector, according to a joint media release.

“Using the survey data on potential job losses, IBF will proactively reach out to the relevant financial institutions and offer support to their affected staff through preemptive reskilling and possible redeployment within the firm or the industry.”

Through more granular information on hiring opportunities, IBF will find better training and attachment programmes for mid-career professionals shifting careers.

IBF will also expand its pool of professional career coaches with senior financial services practitioners as well as hold targeted career fairs.