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BANK NEGARA MALAYSIACENTRAL BANK OF MALAYSIA A full time training programme for graduates from all disciplines.

FINANCIAL SECTORTALENT ENRICHMENT

PROGRAMME

Financial Sector Talent Enrichment Programme

Financial Sector Talent Enrichment Programme

IntroductionStarted the training programme in 2007

A life-changing training programme for quality graduates to jumpstart their careers.

An industry-driven initiative with participation of banks,insurance companies and Takaful operators in Malaysia

Funded by Sta� Training Fund and managed by Institute of Bankers Malaysia (IBBM)

The brainchild of Y.Bhg. Tan Sri Dato’ Sri Dr. Zeti Akhtar Aziz, the Governor of the Central Bank of Malaysia

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Programme Details

Y.Bhg. Tan Sri Dato’ Sri Dr. Zeti Akhtar AzizGovernor of the Central Bank of Malaysia

Conventional Banking

Investment Banking

Insurance/Takaful

Under this stream, the participants will be exposed to the introduction of banking products, transactional banking, trade �nance, treasury operations, fraud management, self-service terminals, best practices of risk management, credit lending process, Money Market Bourse Game, Management Game and Foreign Exchange Simulation Game.

The training is very much focused on the core functions of investment banking such as corporate �nance, stock broking, debt capital markets, derivatives markets, stock evaluation, fund management and �nancial risk analysis for businesses. Similar to other streams, risk management, Money Market Bourse Game, Management Game and Foreign Exchange Simulation Game are also be included in this stream.

This stream emphasizes on Shariah compliance on all its product and services. The coverage under this stream includes the introduction of banking products, transactional banking, trade �nance, treasury operations, fraud management, self-service terminals, best practices of risk management, credit �nancing process, term deposits, Money Market Bourse Game, Management Game and Foreign Exchange Simulation Game.

This stream introduces the basic principles of insurance/takaful process and models. It also provides an insight into the business processes such as underwriting, claims and investment. Other pertinent topics such as risk management, reinsurance/retakaful, policy servicing for life/family takaful would also be given equal importance under this stream. It also incorporates Money Market Bourse Game, Management Game and Foreign Exchange Simulation Game to make the programme more comprehensive.

IslamicBanking

FSTEP provides an intensive one year training programme with a minimum monthly allowance of RM 2,200 to the participants, covering the following four streams:

The objective is to address the shortage of entry-level executives and to nurture a pool of new talents to meet the needs of the Malaysian �nancial services industry

3Financial Sector Talent Enrichment Programme

Application Process

Admission Requirements

Candidate to sit for:1. Online English Pro�ciency Test (EPT)2. Write short english essay (70 words)

Apply online at www.fstep.org.my / Send CV to enquiry@fstep.org.my

Shortlisted candidate will be noti�ed to attend interview

Face-to-face interview by representatives of Sponsoring Financial Institution and FSTEP

Successful candidate to receive O�er Letter by the Sponsoring Financial Institution

*Degree / ProfessionalQuali�cation

*Any recognized degree with CGPA of 3.25 and above (CGPA of minimum 3.00 and active in co-curricular activities will also be considered)

Age 30≤3 Years

Working Experience

≤

FSTEP graduates performed distinctly better and met the needs of the employers.

The employers prefer FSTEP graduates as compared to the graduates directly recruited by the �nancial institutions.

FSTEP programme is e�ective in preparing entry level executives for their career lives in the �nancial services industry by inculcating good working attitudes, behaviour and related soft skills.

The employers have agreed UNANIMOUSLY that they are satis�ed with FSTEP graduates as none of the employers has indicated otherwise from the survey.

Extract from FSTEP Industry Survey

A study was commissioned by Financial Sector Talent Enrichment Programme (FSTEP) in 2012 to assess the performance of its graduates from 2009 to 2012 at their work places as compared to graduates who were directly recruited by the respective �nancial institutions. The questionnaire survey was designed and processed independently by two senior lecturers from a university.

From the �ndings, it is concluded that :

Financial Institutions Prefer FSTEP Graduates

Malaysian citizen

Did you know?1. Non-finance graduates from backgrounds such as Engineering, Medical, Agricultural, Biotechnology, Aquatic Science, English, Chemistry, Political Science, Arts and even Hotel Management have been accepted into FSTEP.2. Under the TalentCorp Scholarship Talent Attraction & Retention (STAR) Programme, JPA scholars can apply to join FSTEP and to serve their JPA scholarships bond with any sponsoring financial institutions.

Pro�ciency in English

Programme Structure

6 months

Technical training on:

Sharing sessions by Prominent Leaders

Personal development programme

Bloomberg training on technical analysis, Islamic Finance and Foreign Exchange Simulation Game

2 weeks practical attachment with the *sponsoring �nancial institution

15 sessions of soft skills enhancement

Corporate Social Responsibility (CSR) projects

Money Market Bourse Game, Management Game

Industrial visits

‘POWER’ programme by Agensi Kaunseling dan Pengurusan Kredit (AKPK)

Conventional bank Investment bank Islamic bank Insurance company

Takaful operator

Development Financial Institution

Tan Sri Dato’ Azman Hashim, Chairmanof Institute of Bankers Malaysia deliveringhis speech at FSTEP function

Bloomberg training

Corporate Social Responsibility (CSR) project

Mr. Azran Osman-Rani, CEO of Air Asia X Berhadwith Mr. Lee Khee Joo, Head of FSTEP

Outdoor leadership/team building programme at Outward Bound Malaysia,

Lumut, Perak

*Sponsoring �nancial institution may be one of the following:

On-the-job training with the *sponsoring �nancial institution

1 month Intensive English Course conducted by facilitators from the British Council

10 days outdoor leadership programme at Outward Bound Malaysia, Lumut, Perak

Overview on the �nancial services industry

Conventional banking, investment banking, islamic banking, insurance/takaful

6 months

Financial Sector Talent Enrichment Programme4

Sharing Sessions By

Prominent Leaders

Tan Sri Dato' Megat Zaharuddin Megat Mohd Nor

ChairmanMaybank Group

Dato’ Sri Nazir Razak Group Managing Director/Chief Executive O�cer

CIMB Group

Islamic BankRaja Teh Maimunah Raja Abdul Aziz

Managing Director/Chief Executive O�cerHong Leong Islamic Bank Berhad

Mr. Ahmad Izham OmarChief Executive O�cer

Television Networks/Primeworks StudiosMedia Prima Berhad

Dato' Muhammad bin IbrahimDeputy Governor

Bank Negara Malaysia

BANK NEGARA MALAYSIACENTRAL BANK OF MALAYSIA

Tan Sri Sidek HassanChairman

Petroliam Nasional Berhad (PETRONAS)

Mr. Jens Reisch Chief Executive O�cerAllianz Malaysia Berhad/

Allianz Life Insurance Malaysia Berhad

Mr. Johan Mahmood MericanChief Executive O�cer

Talent Corporation Malaysia Berhad

5Financial Sector Talent Enrichment Programme

Financial Sector Talent Enrichment Programme6

Testimonials from FSTEP Alumni

"Discover and realize your true potential by joining the FSTEP programme now!”

Name Lee Kah Hin, JerryBatchQuali�cation

4Bachelor of Science (Statistics), University of Malaya and CFA

Company RHB Investment Bank BerhadDesignation Manager/Equity Analyst (Regional)

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Name Ranjini Menon A/P Gopala KrishnanBatchQuali�cation

6Bachelor of Commerce (Accounting & Law)Monash University

Company CIMB Bank BerhadDesignation Executive, Preferred Advisory Services

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Name Wan Intan Suhaila Wan Ahmad RidzuanBatchQuali�cation

7Bachelor of Science (Actuarial Science), minor in Business AdministrationUniversity of Illinois at Urbana-Champaign

Company Great Eastern Takaful Sendirian BerhadDesignation Executive, Risk Management & Compliance

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Name Dr. Chong Lok KongBatchQuali�cation

8Bachelor of Medicine and Surgery (M.B.B.S), Melaka-Manipal Medical College

Company Great Eastern Life Assurance (M) BerhadDesignation Management Trainee

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“FSTEP is gaining a strong presence in the �nancial industry due to its commitment to high quality programme delivery. Its collaboration with professional bodies such as ACCA Malaysia, CFA Society Malaysia, CII and CPA Australia and MII has enhanced its ability to produce good talents for the �nancial industry”.

“There were countless learning opportunities in FSTEP including the knowledge on banking as well as more specialized courses in the �eld of conventional/investment/Islamic banking and insurance. Another interesting aspect was having very good mentors to guide and encourage you during the on-the-job training period. Not only that, the FSTEP allows us to expand our network among the participants and trainers”.

"FSTEP has given me the greatest start in my career. The 6 months spent within the walls of FSTEP have taught me values that have helped me stay positive, optimistic, resilient and grounded. For me, FSTEP is the place that unleashes the greatness within you”.

7Financial Sector Talent Enrichment Programme

Frequently Asked Questions

To be eligible to apply for FSTEP training programme, an applicant must complete his/her undergraduate education and obtain the �nal academic results before the commencement of the programme.

An undergraduate who has completed his/her academic studies but at the time of application is still undergoing industrial training (during the last semester) as part of his/her requirements for graduation purposes is also eligible to apply. However, he/she should have completed the industrial training and obtained the results of the industrial training when FSTEP commences.

1. I am currently in my �nal year at university? Am I eligible to apply for FSTEP training programme?

FSTEP is a full time one year intensive training programme. Participants are required to attend training sessions from 9am-5pm during the weekdays.

2. Is FSTEP training programme a full time or part time programme?

A participant may be absorbed as a permanent employee with the sponsoring �nancial institution.3. What happens after the one year intensive training programme?

A participant will receive a minimum allowance of RM 2,200 per month. The sponsoring �nancial institution has the prerogative to give a higher allowance based on any additional quali�cations/experience.

5. I have a PhD, will I be paid more than RM 2,200 per month?

FSTEP o�ce is located only in Kuala Lumpur. 6. I am from Penang. Can I attend the programme in Penang?

Generally, a participant will be bonded throughout the one year training programme plus another additional year of working. A participant who withdraws during the training programme will be required to reimburse a sum of money to the sponsoring �nancial institution as stated in the contract signed by the participant with the sponsoring �nancial institution.

7. Do I have to sign a bond? If yes, how long?

FSTEP does not charge any fees. In fact, upon joining FSTEP, participants will be paid a minimum allowance of RM 2,200 per month by the sponsoring �nancial institutions.

4. How much do I need to pay to attend this programe?

Financial Sector Talent Enrichment Programme (FSTEP)

Level 1, Menara Takaful Malaysia, No. 4 Jalan Sultan Sulaiman, 50000 Kuala Lumpur

+6 03 2031 4954 ext: 111/113/118

enquiry@fstep.org.my

www.fstep.org.my

Strategic Partners

Menara Dayabumi

LRT Station

CommuterStation

Jalan Kinabalu

NationalMosque

KTM

Klang River

Jalan Syed Putra (Federal Highway/PJ)

Stadium Merdeka

Dewan Bahasa& Pustaka

Jalan Maharajalela

Monorail

ChineseAssembly Hall

WismaPahlawan

KoperasiPolisJalan Sultan Sulaiman

Jalan Kampung AttapLHDN

Public Bank

Wisma Tun Sambanthan

Klang BusStand

Central Market

Jalan

Loke

Yew

Jalan Hang Tuah

fstep.o�cial

+6 03 2031 4766