FSTEP (Managed by Asian Banking School)


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About Company

About ABS
The ASIAN BANKING SCHOOL (ABS) is dedicated to developing talent and is the largest specialised provider of quality banking training programmes in the ASEAN region.

As the industry’s preferred partner in learning and development, ABS offers relevant training programmes that cover a comprehensive list of banking areas that are designed and developed in-house by our Specialist Training Consultancy Team or in collaboration with strategic learning partners that includes some of the top business schools in the world. It also provides specialised consulting services and tailored learning solutions to meet the specific needs of its clients.

Through its sector-leading Executive Education programmes including the ground-breaking Global Banking Leaders Programme with Cass Business School, City, University of London, as well as the Emerging Banking Leaders and Summer School Programmes with the University of Cambridge Judge Business School, ABS equips banks and its senior executives with the right knowledge to take them up and move them forward.

ABS works closely with the Asian Institute of Chartered Bankers in raising competency standards for the banking industry through the delivery of training workshops related to professional qualifications developed and awarded by the professional body. It is also the exclusive training partner for the Chartered Banker Institute in the UK.

ABS also plays a significant role in enriching the talent pipeline for the financial services sector through the industry recognised Financial Sector Talent Enrichment Programme (FSTEP) and Graduate Training programmes. It is also responsible for designing, developing and delivering the industry-wide Ethics and AML / CFT programmes.

Guided by the transformation blueprint for the Malaysian banking education landscape, it is the aim of ABS to innovate the approach of developing talent, and in turn raise the calibre and dynamism of professionals in the industry.

Talent development is key in promoting a well-functioning and stable financial sector. Bank Negara Malaysia (BNM), for many years, has embarked on wide-ranging strategies to strengthen talent development in the financial services sector with several institutional entities formed for this purpose. One such entity is the FINANCIAL SECTOR TALENT ENRICHMENT PROGRAMME (FSTEP).

Started in 2007, FSTEP is the brainchild of former BNM Governor Tan Sri Dato Sri’ Dr. Zeti Akhtar Aziz and is managed by the Asian Banking School (ABS) in collaboration with BNM. FSTEP is an intensive graduate training programme designed to equip talent with the right skills and knowledge for their transition into the financial services industry.

FSTEP, funded by Staff Training Fund (STF) is an industry-driven initiative with the participation of banks and insurance companies in Malaysia. The training programme helps fresh graduates jump-start their career in the financial services industry through a 3-month period of comprehensive and interactive classroom training followed by a 9-month period of on-the-job training with their respective sponsoring financial institutions. FSTEP trainees will receive a minimum monthly allowance of RM2,600 throughout the 3+9-month programme.