Building Capabilities and Platforms: Jobs Transformation Map

To reskill and upskill those in the financial sector to take on roles in sustainable finance, the Monetary Authority of Singapore (MAS) and the Institute of Banking and Finance (IBF), supported by Workforce Singapore, launched the Sustainable Finance Jobs Transformation Map (SF JTM) in April 2024.

The SF JTM lays out the impact of sustainability trends on jobs in Singapore’s financial services sector and the emerging skills that the workforce will require to serve sustainable financing demand in the region.

To enable the workforce to seize these opportunities, MAS has set aside S$35 million in the Financial Sector Development Fund to support upskilling and reskilling and develop specialists in sustainable finance over the next three years. Key initiatives to upskill the financial services sector workforce include:

• Expanding the suite of sustainable finance courses for individuals; and
• Implementing an IBF Skills Badge to recognise industry professionals’ acquisition of sustainable finance skills.