Future Skills Framework for the Malaysian Financial Sector

Overview

The Future Skills Framework (FSF) for the Malaysian financial
sector is integral to the Financial Sector Blueprint 2022 – 2026
of Bank Negara Malaysia (BNM). The development of the FSF, a
joint industry initiative by the Asian Institute of Chartered
Bankers (AICB), Islamic Banking and Finance Institute Malaysia
(IBFIM), and the Asian Institute of Insurance, formerly known as Malaysian Insurance Institute (MII), was led by
AICB. An extensive series of engagements with a wide range of
industry stakeholders was pivotal in validating findings and
ensuring the FSF’s robustness. The guidance and support from
BNM bolstered the credibility of the framework. In promoting
greater accessibility and effective utilisation of the FSF,
collaboration with the Human Resource Development
Corporation and Talent Corporation Malaysia enhances
strategic alignment.

The path in developing the FSF was guided by a detailed and
forward-looking response to the forces reshaping the financial
sector’s talent terrain. Skills as an accelerator were assessed as
crucial for the sector to successfully transition into the future
amidst these trends and structural shifts. The FSF, as such, was
conceived with the objective of future-proofing the workforce
in the next three years. The core pillar of talent development
and growth in the FSF focuses on fostering a highly adaptable
workforce that excels and remains relevant in a constantly
evolving landscape. Skills mastery and continuous learning are
the imperatives, with capacity-building programmes to bridge
talent gaps and develop a resilient and sustainable talent
ecosystem underpinning the FSF.

Recommend For

Everyone includes insurance professionals and non-professionals from all industry sectors.