Malaysian financial bodies working to develop Future Skills Framework Firms look to alternative ways to access ready talent apart from hiring [Ed Note: Deputy Governor Jessica Chew (pic) gave the following Keynote Address at the 24th World Conference of Banking Institutes (WCBI) held in Kuala Lumpur with the theme, “Building a workforce fit for the future”.
Firms look to alternative ways to access ready talent apart from hiringgave the following Keynote Address at the 24th World Conference of Banking Institutes held in Kuala Lumpur with the theme, “Building a workforce fit for the future”.
Science-fiction writer and futurist, Sir Arthur Clarke, predicted in the 1960s, “a world in which we can be in instant contact with each other, wherever we may be, and that it will be possible for a man to conduct his business from Tahiti or Bali just as well as he could from London.” This is certainly true today.
So as we consider the theme of today’s conference, “Building a workforce fit for the future”, we would do well to remember two things: Malaysia faces a similar set of challenges. 85% of companies surveyed by the Malaysia Digital Economy Corporation acknowledge the need toWe have an important role and responsibility to help employees adapt to and thrive in roles that are constantly being re-defined.
Over the last decade, Malaysia’s banking industry has made important strides in raising standards of professionalism. This is evident from the number of accredited banking professionals that has more than tripled over the last four years. The industry will also need to be more deliberate about integrating a sound risk culture into standards adopted for banking education and professionals. The recent events of the banking turmoil in the US and Europe, fifteen years after the Global Financial Crisis, are sobering reminders that a sound risk culture remains essential to the integrity and stability of banks, as well as public trust and confidence in banks.
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