Kuala Lumpur, 26 May 2009
SC implements graduate development initiative to create 500 jobs in the capital market
Following the Second Stimulus Package announced by YAB Dato’ Sri Mohd Najib Tun Razak on 10 March 2009, the Securities Commission (SC) today implemented a new initiative that will create 500 jobs in the capital market for Malaysian graduates.
The SC Executive Enhancement and Development (SEED) programme, which was launched by Minister of Finance II YB Dato’ Seri Ahmad Husni Hanadzlah, will provide training and on-the-job attachment to enhance employability and career mobility in the capital market for 500 graduates over the next two years.
“The government is committed to alleviating the social hardship of those who find difficulty in securing employment given the challenging economic environment, said Dato’ Seri Ahmad Husni in his speech at the launch, which was also attended by Deputy Finance Ministers, YB Dato’ Chor Chee Heung and YB Datuk Dr Awang Adek Hussin.
“Towards this end, the efforts by the SC in training and placing the graduates in the financial sector will go a long way towards providing job opportunities. I am happy to note that the SC has been able to roll out this programme within such a short space of time.
In her speech, the SC Chairman Dato’ Sri Zarinah Anwar said, “The SEED programme offers a unique opportunity to train and develop graduates with a long-term capacity building perspective to ensure that the capital market is sufficiently equipped with skilled and knowledgeable employees.
Under the programme, which is funded by the SC and the Capital Market Development Fund, graduates will be enrolled in three training schemes which are specially developed to create entry level professionals for the conventional and Islamic capital markets, as well as executives for various regulatory functions within the SC and Bursa Malaysia.
The three training schemes, which will employ a multi-modal approach of structured learning for knowledge acquisition and experiential learning for skills acquisition such as interpersonal development, will also include on-the-job attachments with capital market intermediaries ranging from 11 to 22 months.
Additionally, graduates will be given the opportunity to sit for SC’s licensing examinations to further increase their employability in the capital market. This will also help reduce training and development costs for new entrants for the intermediaries and provide a ready pool of ‘fit-for-purpose’ graduates for employment in the capital market.