Applicant Eligibility

• Financial Institutions based in Singapore ^[1]

Eligible Individuals

• SC^[2] across all seniority levels.
• FIs should have a clear objective for sending the SC on the overseas posting, which should be a relevant and important component of the SC’s career development plan.
• Upon completion of the programme, the SC should take up a role that is in line with his/her career roadmap, whether in Singapore or otherwise^[3].

Programme Eligibility

There are two tracks under iPOST:

• Under the Group Track, the FI will need to commit to send at least 5 SCs on overseas postings over a 1-year period, or at least 10 SCs over a 2-year period. The FI need not have identified the SCs to be sent on overseas postings at the point of application.

In terms of duration, the FI should commit to send each SC on overseas postings of at least 6 months. For flexibility, this can be met through one or two postings of at least 3 months to the same location over the course of the commitment period.

• Under the Single Track, the FI will need to identify the SC to be sent on overseas postings and submit details of the posting at the point of application. The duration of the posting should be at least 6 months (for applications submitted by 31 December 2024) and at least 1 year (for applications submitted from 1 January 2025).

Postings may be to firms within the FI’s group of companies or within its broader network of firms that the FI works jointly with in a foreign market^[4].

Under the Single Track (for applications submitted by 31 December 2024):

Under the Single Track (for applications submitted from 1 January 2025), and Group Track:

iPOST is administered via a sponsorship model, where a fixed funding amount will be accorded to all postings based on duration and location.

• Approval for funding is on a case-by-case basis, subject to the fulfilment of all eligibility criteria.
• Funding for approved applications will be disbursed on an annual basis. More details will be provided in the Letter of Offer issued to successful applicants. 
• Claims submission for approved applications should be made as per claims schedule found in the Letter of Offer issued to successful applicants.
  
  

• Applications under the Group Track are now open.
• Applications under the Single Track continue as usual. Please note the changes in minimum posting duration and funding level/cap to the Single Track for applications received on or after 1 January 2025.