Standard Chartered boosts talent investment in Singapore

The bank has committed S$8m to reskill its Singaporean workforce.

Standard Chartered has strengthened its commitment to investing in talent in Singapore, having been recently awarded the status of “significantly rooted foreign bank” by the Monetary Authority of Singapore (MAS).

Over the past few years, the bank has been boosting its workforce from 8,000 to 10,000, including growing the Singaporean Core and investing in grooming Singaporean leaders, which form 70% of its management team.

The bank has also committed S$8m to reskill and train its local workforce across the career life cycle.

In addition, the bank is focusing on early careers and reskilling to bolster future competitiveness of local talent, especially in areas such as financial markets, data science, risk modelling, cybersecurity, and cloud and artificial intelligence.

It is one of the first lenders to embark on the Professional Conversion Programme, and is also hiring mid-career PMETs in growth areas such as digital, technology and cybersecurity.