By Jonathan Tan
Amidst the undercurrent of an uncertain economy, NTUC and Monetary Association of Singapore (MAS) announced the formation of the Financial Sector Tripartite Committee (FSTC) on 17 February 2016.
The committee will comprise finance industry associations such as the Association of Banks in Singapore, MAS, and the Labour Movement.
It will be co-chaired by NTUC Assistant Secretary-General (ASG) Patrick Tay and MAS Deputy Managing Director Jacqueline Loh.
Meeting Changing Needs
In light of new opportunities and changing needs of the financial industry, “the FSTC will focus on helping the financial sector workforce enhance versatility, facilitate mobility and build resilience,” said Ms Loh.
To facilitate that, ASG Tay shared that a new Financial Industry Career Advisory Centre (FiCAC) will be set up in partnership with NTUC’s U PME centre.
Operations will commence in April this year at the U PME Centre located at 1 Marina Boulevard.
Some of the services offered at the centre will include career guidance for jobs in the finance industry. Additionally, the FSTC will partner NTUC’s e2i (Employment and Employability Institute) to encourage workers to embrace continuous learning and upgrading. DBS, OCBC and UOB will be participating in the management programme that will commence in March 2016.
The committee will also be looking to extend the coverage to the insurance and asset management sectors.
Source: NTUC This Week
