IBF to help financial industry professionals with career advice and job placement

THE Monetary Authority of Singapore (MAS) and the Institute of Banking and Finance (IBF) said on Wednesday that IBF will expand its mandate to provide career advisory and job placement services for the financial sector.

The IBF will set up a dedicated Career Centre by July to provide advisory services for professionals in the financial industry.

The Centre will provide services ranging from setting competency standards and promoting skills development, to career advisory, job matching and placements.

"As an immediate priority, IBF will focus on developing and implementing professional conversion programmes which will help reskill professionals who are affected by changes in their job roles as financial institutions' business models and processes undergo transformation," the IBF said in a statement.

It will also provide job placement assistance by matching individuals with appropriate job opportunities elsewhere in the financial sector, or in other sectors.

Professionals from other sectors can also seek to be placed in the financial sector.