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Financial Sector Talent Enrichment Programme (FSTEP)
Talent development in the financial services industry is key in promoting a well-functioning and stable financial sector. Bank Negara Malaysia (BNM), for many years, have embarked on wide ranging strategies to strengthen talent development in the financial services sector with several institutional entities formed for this purpose. One such entity is the Financial Sector Talent Enrichment Programme (FSTEP).
Started in 2007, FSTEP is the brainchild of former BNM Governor Tan Sri Dr Zeti Akhtar Aziz and is managed by the Asian Banking School (ABS) in collaboration with BNM. It is entrusted with equipping talents with the right skills and knowledge for their transition and new start into the financial services industry. An industry-driven initiative, it is the aim of FSTEP to be a bridge that connects the needs of the industry with the talents produced by institutions of higher learning. Beyond that, it is believed that with the right training, exposure and experience, graduates of FSTEP can be put into positions of responsibility over the long term and possibly go on to form the pool of future leaders and senior management for the financial services industry.

It is with this in mind that ABS works closely with BNM to develop a comprehensive programme for FSTEP to develop quality and young graduates (aged 30 and below) from all majors of study who want to have a rewarding career in the financial services industry, and equip them with the necessary technical knowledge, as well as exposure to personal development and job apprenticeship.

With effect from May 2013, FSTEP has extended its programme to also include foreign participants working in subsidiaries and associate companies of Malaysian-owned financial institutions operating in the Asian region to provide cross-cultural learning opportunities and support the talent needs of Malaysian financial institutions expanding into the region.

For more information on FSTEP, visit www.fstep.org.my.
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