IBF Singapore | Sustainable Finance Jobs Transformation Map (SF JTM)

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Jobs Transformation Map - Sustainable Finance

A robust and skilled workforce will strengthen Singapore’s ability to serve the growing global sustainable finance market. Singapore’s financial services sector workforce will undergo upskilling within the next three years to seize these opportunities.

The Sustainable Finance Jobs Transformation Map (JTM), jointly published by the Monetary Authority of Singapore (MAS) and the Institute of Banking and Finance (IBF), supported by Workforce Singapore (WSG), 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 global sustainable financing demands.

With sustainability trends evolving rapidly and becoming mainstream, building a deep talent pool in sustainable finance over the next decade will enable Singapore’s Financial Services (FS) sector to capture new business opportunities and support the progressive transition to net zero.

The JTM identifies:

a. key global and regional sustainability trends that are driving change to the requisite jobs and skills in the financial services sector;

b. the impact of these trends on both existing and new job roles; and

c. the new skills required as job roles evolve or transform.

Key Findings of the JTM Study

More than
50,000
financial services sector professionals' job roles will be highly or moderately augmented, with new sustainable finance related job tasks added.

Financial services sector professionals in
20
unique job roles
will need to be prioritised for upskilling, given the large extent to which these job roles drive sustainability outcomes and need new skills.

New job roles
will emerge in areas such as Sustainability Risk Management and Sustainability Strategy.

Greening your skillset

The JTM provides insights into the impact of sustainability trends on jobs in Singapore’s financial services (FS) sector, and emerging skills that the workforce will require to serve sustainable financing demands in the region.

12 Technical Skills and Competencies (SF TSCs) that are needed to perform new sustainable finance related job tasks are mapped to the individual job roles. FS professionals can upskill themselves and have the necessary knowledge and skills to capture sustainable investment opportunities, develop new financial products and services and effectively manage risks as a result of sustainability.

Financial institutions can use the report’s analysis to set the overall direction and initiatives for talent development in the context of sustainability, and ensure that staff are equipped with the right skills and capabilities to support the organisation’s sustainability and risk management strategy.

Additionally, both financial institutions and individuals can also leverage the Skills Framework for the Financial Services to plan for transition into related job roles in which they can leverage the sustainable finance skills that they have acquired in their existing job roles and to identify skills needed in current or new job role.

Navigating the SF JTM

IBF Singapore | Chatbot IVEE

Meet IVEE, your adviser to help you navigate the Sustainable Finance Jobs Transformation Map (SF JTM).

Learn how sustainable finance trends are impacting financial sector jobs in Singapore, the in-demand sustainable finance skills and the relevant IBF-accredited sustainable finance courses available for upskilling.

Chat with IVEE now!

Narrowing your skills gap

Individuals and Financial Institutions can tap on these funding support and initiatives to grow your sustainable talent capabilities.

More than 100 IBF-Standards Training Scheme (STS) and Financial Training Scheme (FTS) sustainable finance courses that you can tap on.

New courses to be launched to deepen capabilities in key areas such as:

Carbon Markets and Decarbonisation
Sustainability Investment Management
Sustainability Risk Management

Financial Institutions with in-house courses can also seek IBF accreditation and be accorded the mark of alignment to the sustainable finance technical skills and competency.

New undergraduate and postgraduate programmes in sustainability management will also be introduced to build talent pipeline in sustainable finance.

For sustainable finance courses approved under IBF-Standards Training Scheme (STS) and Financial Training Scheme (FTS):
please refer to the IBF Programme Finder.

For sustainable finance courses offered by the Institutes of Higher Learning:
please refer to the list here.

View a list of Sustainable Finance related courses approved under the IBF-STS or FTS on the IBF Programme Finder.

How to find relevant courses:

Step 1:

Visit the IBF Programme Finder here .

Step 2:

For Sustainable Finance courses

i. Expand the 'Skills & Competencies' option at the Search bar at the side

ii. Select 'Sustainable Finance' to view a full list of related courses.

iii. Select 'Investment and Financial Management' > 'Environmental and Social Governance':

step3-1 step3-2

Growing your expertise

The IBF Skills Badge serve as an industry benchmark to recognise individual's skills mastery and support skills based hiring and promotion by employers.

Accorded to individuals who complete IBF-STS sustainable finance courses.

Proficient

(Skills Proficiency Level 3)