INTRODUCTION TO FSF

The Future Skills Framework (FSF) for the Malaysian financial sector is an integral component of the Financial Sector Blueprint 2022 – 2026 of Bank Negara Malaysia (BNM). The development of the FSF, a joint industry initiative by the Asian Institute of Chartered Bankers (AICB), Islamic Banking and Finance Institute Malaysia (IBFIM) and The Malaysian Insurance Institute (MII), was led by AICB. An extensive series of engagements with a wide range of industry stakeholders was pivotal in the validation of findings and in ensuring the robustness of the FSF. The guidance and support from BNM bolstered the credibility of the framework. In promoting greater accessibility and effective utilisation of the FSF, collaboration with the Human Resource Development Corporation and Talent Corporation Malaysia enhances strategic alignment.

The path in developing the FSF was guided by a detailed and forward-looking response to the forces that are re-shaping the talent terrain of the financial sector. Skills as an accelerator were assessed crucial for the sector to successfully transition into the future amidst these trends and structural shifts. The FSF, as such, was conceived with the objective of future-proofing the workforce in the next three years. The core pillar of talent development and growth in the FSF focuses on fostering a highly adaptable workforce that excels and remains relevant in a constantly evolving landscape. Skills mastery and continuous learning are the imperatives, with capacity-building programmes to bridge talent gaps and develop a resilient and sustainable talent ecosystem underpinning the FSF.