Transcript The Winning Solution: The essential guide to job opportunities

The Winning Solution:
The essential guide to job
opportunities within and beyond
finance
The
Winning
Solution
Finance to
Finance
Re-skill &
Upgrade
Lateral
Move
Same job
family
Different
job family
Finance to
Others
Go
Independent
Alternative
Careers
Go
Independent
Finance to Finance
1. Finance to Finance: Re-skill & Upgrade
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Re-skill & upgrade relevant finance skills during this ‘down-time’
Sign up for Financial Industry Competency Standards (FICS)
accredited programmes by Institute of Banking and Finance
(IBF)
Supported by Monetary Authority of Singapore (MAS) and
Singapore Workforce Development Agency (WDA)
Up to 90% funding support* by MAS, for FICS accredited
programmes
5 lead providers for FICS in Singapore:
- Financial Training Institute @ SMU
- International Compliance Association
- Risk Management Institute @ NUS
- Singapore College of Insurance
- Wealth Management Institute
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Website: www.ibf.org.sg & www.wda.org
* Terms & conditions apply
a. Professional & Finance-related Associations
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ACCA Singapore Pte Ltd www.singapore.accaglobal.com
ACI Singapore – The Financial Markets Association www.acisin.com
Association of Banks in Singapore www.abs.org.sg
Association of Financial Advisors in Singapore www.afas.org.sg
Chartered Financial Analyst www.cfasingapore.org
Financial Planning Association of Singapore www.fpas.org.sg
Financial Women’s Association www.fwasg.org
General Insurance Association of Singapore www.gia.org.sg
Investment Management Association of Singapore www.imas.org.sg
International Compliance Association www.int-comp.org
Institute of Certified Public Accountants of Singapore www.icpas.org.sg
The Alternative Investment Management Association Ltd www.aima.org
Securities & Investment Institute www.sii.sg
Securities Investors Association of Singapore www.sias.org.sg
Singapore Insurance Brokers Association www.siba.sg
Singapore Investment Banking Association www.siba.org.sg
Singapore National Employers Federation www.sgemployers.com
Singapore Reinsurers’ Association www.sraweb.org.sg
Singapore Training and Development Association www.stada.org.sg
Singapore Trustees Association www.sta.org.sg
Society of Financial Service Professionals www.sfsp.org.sg
Society of Trust & Estate Practitioners www.step.org.sg
b. Institutions of Higher Learning that Offers
Finance-related Courses
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INSEAD Singapore www.insead.edu
Singapore Management University www.smu.edu.sg
National University of Singapore www.bschool.nus.edu.sg
National Technological University www.nbs.ntu.edu.sg
Singapore Institute of Management www.sim.edu.sg
2. Finance to Finance: Lateral Move
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Leverage on ‘core’ skills and work experience, to make a
lateral move into a different area within the financial industry
The ‘core’ skills are transferrable skills (i.e. financial
advisory skills, client management skills) which you can
bring to the next firm
Examples include:
- Private Banking to boutique consultancy / wealth planning
firms
- Investment banking to boutique private equity / hedge
funds firms
- Accounting to risk management firms
3. Finance to Finance: Going Independent
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Set up your own finance – related consultancy, tapping into
your in-depth knowledge, experience and contact base
Examples include:
· Accounting
· Compliance
· Corporate Services Provider
· Risk Management
· Trust and Fiduciary Services Advisory
· Family Office
· Investment Management
· Financial Planning
· Tax Planning
· Immigration Planning
Finance to Others
1. Finance to Others: Alternative Industries
Different Sectors, Different Careers
Alternative industries & new possibilities include:
- Civil Service
- Hospitality
- Consulting
- Healthcare
- Compliance
- Infocomm Technology (ICT)
- Creative Arts
- Tourism
- Education
- Real Estate
- Entrepreneurship
- Social Enterprise
- Oil & Gas
- Social Work
& many more!
1. Finance to Others: Alternative Industries
-Be Open Minded – explore different sectors and opportunities
-Go in-house – maybe in a financial capacity
(use existing skills)
-Get relevant training or acquire new skills to fit in with
new growth industries
-Go Independent
1. Finance to Others: Alternative Careers
Programs available for acquiring new skills:
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WDA = good starting point
(website: www.wda.gov.sg)
- Job placements
- Skills Upgrade
- Learn new skills according to sector
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SPUR Programme
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(Skills Programme for Upgrading and Resilience)
List of SPUR Courses for Individuals
Professional Skills Programme
Job Search and Training Facilitation
Higher Course Fee Subsidy
Website: http://app2.wda.gov.sg/web/Contents/Contents.aspx?ContId=651
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WDA’s Professional Skills Programme = resource for
PMETS to explore
Professional Conversion Programmes (PCP) to help PMETS acquire new
skills in growth sectors, such as Education and Creative
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For example, PCP for Arts Managers include 6 months
“Train & Place” Professional Conversion Course for Arts
Managers in conjunction with Sotheby’s Institute of Arts,
Singapore Website: www.wda.gov.sg
1. Finance to Others: Alternative Careers
List of SPUR Courses
1. Finance to Others: Alternative Careers
Professional Conversion Programmes
2. Finance to Others: Going Independent
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Be an entrepreneur and start your own business
Explore Enterprise One, a multi-agency initiative by Spring
Singapore, to help start, sustain and grow your business:
- For expert help & face-to-face advise, contact one of the
Enterprise Development Centres (EDCs)
Website: www.business.gov.sg
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Explore training and financing options at Spring Singapore:
- Entrepreneurship training for PMETs, in collaboration with
various Singapore Polytechnics (70% funding support* by
Spring)
- Various financing schemes available: Spring Startup
Enterprise Development Scheme (SPRING SEEDS), Young
Entrepreneurs Scheme for Startups (YES! Startups) etc
Website: www.spring.gov.sg
* Terms & conditions apply
Conclusion
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There are enough jobs out there within or beyond
Finance
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We need to know:
- Where to look
- Who to connect with
- How to execute
- Be Open-Minded to new possibilities, new jobs and new
skills
Introducing Our 2 Panels
Panel 1: Options Within Financial Services
FWA MODERATOR: Chan Ee Lin
IBF
WDA
Compliance Asia
Hudson
- Paul Yuen, CEO
- Lynn Ng, Director, Community & Professional Services
Division
- Philippa Allen, CEO & MD
- Angela Kuek, Manager, Banking & Financial Services
Panel 2: Alternative Careers for Bankers
FWA MODERATOR: Tan Su Shan
EDB
MOE
Bain & Company
Mapletree Investments
Marina Bay Sands
Thomson Reuters
- Wong Yau Chung, Head, International Organisations
Program Office
- Tan Kok Heng, Deputy Director (Recruitment & Placement)
- Louis Lim, Manager
- Wong Leong Mein, Senior VP, Corporate Planning &
Investor Relations
- Tan Eng Leong, VP, Human Resources
- John Taylor, Head, Human Resources, Global Sales
& Customer Service
The End – Thank you!
Please visit our website www.fwasg.org