AIA Singapore has created up to 500 new career opportunities, by providing in-depth training and financial support aimed at fresh graduates and mid-career switchers, amid increasing unemployment as a result of the COVID-19 crisis.
In a statement, the insurer said that its Financial Career Scheme 2020 reinforces the continued efforts by the government of Singapore to create and sustain job opportunities, as the number of retrenchments more than doubled in the second quarter of this year, based on Ministry of Manpower data.
Under the scheme, eligible candidates will undertake soft and technical skills training to enhance their industry employability, as well as receiving financial support while enrolled in the programme. Financial support will be provided across six financial allowance schemes, ranging from SG$2,000 to SG$5,000 per month, with a bonus earned upon successful completion of certain training modules.
Suitable candidates who meet AIA’s requirements will be enrolled progressively over a period from September 15, 2020 to March 31, 2021, where successful individuals will receive structured training over an initial 10-month period leading to three certifications comprised of:
- Associate Financial Planner (AFPCM)/Associate Financial Consultant (AFC) certification, as part of the AIA Premier Programme.
- Institute of Banking and Finance (IBF) Private Banking Level 1 certification.
- Foundation Investment Certification accreditation by AIA Investment Management.
After the initial 10-month period, further training programmes will be offered over the total two year period based on individual candidate preferences and development needs, the insurer said. All successful candidates enrolled in the programme will also be assigned a mentor to guide them toward successful completion and a potential career with AIA Singapore or AIA Financial Advisers.
“At a time when so many are impacted by retrenchment or are struggling to find jobs, it is vital that we support Singaporeans and permanent residents by creating sustainable and long-term career opportunities,” said AIA Singapore CEO Wong Sze Keed.
“The AIA Financial Career Scheme 2020 equips individuals with the skills and necessary financial knowledge to pursue a new career path in the financial services industry. By sharing our expertise and industry knowledge, candidates will embark on fulfilling and successful careers, contributing to Singapore’s economic future well beyond COVID-19.”