Crédit Agricole Group joins Singapore’s effort to hire more than 150 trainees amid the Covid-19 pandemic

Crédit Agricole Group will hire more than 150 trainees under the various Traineeships Programmes in the coming years, out of which 45 will be placed under Finance Associate Management Scheme (FAMS).

These trainees will join traineeship programmes with Crédit Agricole CIB, Indosuez Wealth Management, Azqore or Amundi.

A two-year trainee programme under FAMS, an initiative under the Monetary Authority of Singapore, will be offered to fresh graduates and selected professionals, which will provide all-rounded  training in job-specific  areas  to  deepening  software engineering  skills and financial knowledge, at the same time enhancing individual’s capabilities.

Since 2018, Crédit Agricole CIB has trained 45 trainees (including those undergoing training), and this was supported by the TechSkills Accelerator (TeSA) Company-Led Training (CLT) programme. TeSA is driven by the Infocomm Media Development Authority (IMDA) and in collaboration  with the industry,  SkillsFuture  Singapore,  Workforce  Singapore  and  the National Trades Union Congress. Each trainee underwent nine months training with Crédit Agricole CIB in specific technology areas such as Java, .Net, Big Data, Data Analytics and UX/UI.

These  programmes  complement  Singapore’s  national  efforts to  upskill  and  reskill  the workforce. FAMS is also aligned with the workforce development priorities of the Monetary Authority of Singapore.

Jean-Pierre Michalowski, Crédit Agricole CIB’s Senior Country Officer for Singapore, said: “Crédit Agricole Group and Crédit Agricole CIB are committed to support Singapore Government’s various schemes. We are excited to see an overwhelming response to our traineeship programme as 2650 applications were received this year! We strongly believe that our programme will continue to enhance the development of young professionals for a technology career in the financial services. Since 2018, Crédit Agricole CIB has converted numerous of these traineeships into full time positions and plans to continue doing so in the coming years for all new trainees, demonstrating our unwavering commitment to investing in Singapore’s most valuable resource – its people.

In line with our Group’s raison d’être “working every day in the interest of our customers and society”, we are committed to nurturing young talented professionals from Singapore to better prepare themselves for career development in the banking industry post the Covid-19 pandemic. Through these programmes, our intention is to help trainees develop industry- relevant skills and experience, as well as to boost the talent pool to support the economic recovery and future growth of Singapore.”.