Technology in Finance Immersion Programme (TFIP)

What is the Technology in Finance Immersion Programme?

The Technology in Finance Immersion Programme (TFIP) is an Attach-and-Train Career Conversion Programme (CCP) that aims to build up an industry pipeline of capabilities in key technology areas to meet the talent needs of the Financial Services sector.

This is a full-time programme that provides mid-career individuals the opportunity to attend industry-curated structured training, followed by attachment with financial institutions to gain on-the-job experience to pivot into a career in technology within the Financial Services sector.

The programme is managed by the Institute of Banking and Finance (IBF), with the support of Workforce Singapore (WSG), Infocomm Media Development Authority (IMDA), the Monetary Authority of Singapore (MAS), SkillsFuture Singapore (SSG) and participating financial institutions.

Who can apply?

The Programme is open to individuals who meet the following criteria:

• Must be a Singapore Citizen (SC) or Permanent Resident (PR) aged 21 years and above;
• Must have graduated or completed NS, whichever is later, at least two years at the point of application;
• No prior work experience in any of the technology areas;
• Must not be a shareholder* of the hosting financial institution, or its related companies;
• Must not be related# to the owner(s)^ of the hosting financial institution;
• Must not be immediate ex-staff of hosting financial institution or its related companies; and
• No outstanding sponsorship obligations from other government-funded programmes.
• Able to commit to full-time structured training and attachment in a participating company.

* does not apply to publicly traded shares in listed companies

# Related individuals refer to these 4 groups:
i. Spouse/ex-spouse
ii. Children
iii. Parents/parents-in-law
iv. Siblings

^ for non-publicly listed companies, refers to individuals with shareholding per ACRA profile

How does it work?

Programme Duration and Training Allowance

Training Areas	Programme duration	Training Allowance
Data Analytics	18 months	$5,500
Software Engineering (with Artificial Intelligence application)	18 months	$5,500

Application and selection process

• Applicants can apply for one or both training areas but will only participate in one training area if selected.
• Applicants can select up to 3 preferred Financial Institutions, even though IBF will forward the application to all participating financial institutions (as financial institutions may not offer all training areas, please ensure the financial institutions of your choice are offering the training areas you are applying for).
• Eligible applicants will be invited for an aptitude assessment for each of the training area applied for.
• Applicants who pass the assessment and are shortlisted by the participating financial institution(s) will be invited for interview(s).
• Successful applicants will be offered a traineeship by IBF and the hosting Financial Institution.
• They will undergo structured training (approximately 3 – 6 months) with industry-recognised training providers to attain foundational skillsets required of the respective technology areas.
• Upon completion of the structured training, trainees will be attached to the hosting Financial Institution for on-the-job training.
• Trainees under this programme are not employees of the Financial Institutions and IBF, they will not be covered by the Employment Act and CPF Act.

Participating financial institutions

Financial Institution (FI)	Data Analytics	Software Engineering (with Artificial Intelligence application)
DBS	✔	✔
Goldman Sachs	✔
Standard Chartered Bank	✔	✔
BNP Paribas Singapore	✔	✔
Deutsche Bank	✔	✔
United Overseas Bank	✔	✔
HSBC	✔	✔
J.P. Morgan	✔	✔
Bank of America	✔	✔
Bank of Singapore	✔
Great Eastern	✔	✔
OCBC Bank	✔
Mizuho		✔
CGS International Securities	✔
Dymon Asia Capital		✔
LGT Bank	✔
SGX	✔
Partners Group	✔	✔
Prudential	✔	✔
UOI	✔
SMBC	✔

How do I apply?

Applicants should complete the application via the web-form with necessary declaration on WSG MyCareersFuture.

Apply for TFIP here

• The application deadline is 13 Jan 2025.
• Applicants will need to use their SingPass to login to the application portal to complete their application.
• Applicants shall agree for their details in the application to be shared with government agencies, financial institutions as well as IBF Careers Connect to contact them for job matching services should their applications to TFIP be unsuccessful.

Kindly note that email queries on application status will not be entertained.

Indicative timeline for TFIP 2025 (subject to changes)

Month	Activity	Points to note
Dec 2024 – Jan 2025	Online application	Applicants who are invited to the aptitude assessment will not be notified of their assessment results. Email queries on aptitude assessment and assessment results will not be entertained.
Jan – Feb 2025	Eligible applicants will be invited to an aptitude assessment
Feb – Apr 2025	Shortlisting and interview by financial institutions	Applicants who pass the aptitude assessment(s) will be referred to participating financial institutions for their shortlisting. Only shortlisted applicants will be contacted by the participating financial institutions for interviews.
Apr – May 2025	Extension of Offer(s) to applicants	Applicants who are offered a traineeship position with financial institutions will hear from IBF progressively during this period.
From May 2025	Onboarding of TFIP trainees	Applicants are required to resign from their current job if they are selected and would like to accept the programme offer as this is a full-time programme with a duration of 18 months. Successful applicants would be expected to commit to structured training and attachment to a financial institution on a full-time basis.
From Jun 2025	Commencement of Structured Training

Kindly note that email queries on eligibility, interviews and extensions of offer will not be entertained. Applicants' eligibility is subject to IBF's review and assessment based on the criteria.

Financial Institution’s decision to extend offer is final and is not obliged to provide explanation or entertain appeals of its decision.

TFIP Information Sharing Session

Technology in Finance Immersion Programme (TFIP)

Overview

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