United Overseas Bank (UOB) has launched a training and development programme to equip its employees in finance function.
Designed in-house, the new UOB Finance Academy aims to enhance employees’ banking know-how mainly in risk management, regulation and liquidity management.
Participants will be encouraged to build an analytical approach to strategies and risks and accounting.
Besides, they can deepen skills in asset and liability management, and project management, among others, UOB stated.
Employees enrolling in the academy can also strengthen their technical skills including advanced data analytics and soft skills to communicate better.
The academy builds on UOB’s group-wide learning and development programme Better U accredited by the Institute of Banking and Finance Singapore (IBF).
After completing Better U, participants can tap into UOB Finance Academy’s three-month learning programme.
Participants will secure a certificate issued by UOB and the IBF at the completion of training, which is approved under Workforce Singapore’s Professional Conversion Programme.
The academy’s inaugural cohort will include all 230 employees in the bank’s Singapore finance function.
UOB group CFO Lee Wai Fai said: “As with so many jobs, the role of a finance professional is changing as digital innovation impacts more areas of work. At UOB, we want to ensure that our people are equipped and ready to take on the opportunities that will come with ongoing transformation and change.
“The UOB Finance Academy charts clear and achievable milestones for our people in UOB’s Finance function to develop the necessary knowledge, mindset and skillsets to progress towards leadership roles in the finance industry.”
UOB was recently in the news for its partnership with end-to-end food and beverage digital solution provider Getz.