Financial Sector Talent Enrichment Programme (FSTEP)

Talent development is key in promoting a well-functioning and stable financial sector. Bank Negara Malaysia (BNM), for many years, has 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 Dato Sri’ Dr. Zeti Akhtar Aziz and is managed by the Asian Banking School (ABS) in collaboration with BNM. FSTEP is an intensive graduate training programme designed to equip talent with the right skills and knowledge for their transition into the financial services industry. FSTEP, funded by Staff Training Fund (STF) is an industry-driven initiative with the participation of banks and insurance companies in Malaysia. The training programme helps fresh graduates jump-start their career in the financial services industry through a 3-month period of comprehensive and interactive classroom training followed by a 9-month period of on-the-job training with their respective participating financial institutions. FSTEP trainees will receive a minimum monthly allowance of RM2,600 throughout the 3+9-month programme.