The Institute of Banking and Finance (IBF) administers the Professional Conversion Programme (PCP) for the financial services sector, to support the transformation of jobs and to ensure the continued relevance of its workforce. As the appointed programme manager, IBF will work with financial institutions to systematically and proactively identify and re-skill existing employees who are currently in jobs that are undergoing transformation, for enhanced or new roles in growth areas.

Participating Employers must be:
 - Registered or incorporated in Singapore (MAS Licensed / Exempt Entities, Fintech Companies certified by Singapore Fintech Associations, Digibanks),
 - Able to offer sustainable/growth job roles within the company, with remuneration that is aligned to market rate. Have a clear plan on how their employees will be transited from old roles into new or enhanced roles within the company,
 - Committed to the PCP training arrangements for the selected trainees, and
 - Committed to work with WSG or its appointed partner on the necessary administrative matters related to the programme.
 
Candidates eligible for the programme must fulfil the following criteria:
 - Singapore Citizen or Permanent Resident,
 - Minimally 21 years old,
 - Graduated or completed National Service for at least two years (whichever is later and where relevant),
 - Have been hired for at least one year in the company (i.e. existing employees),
 - Must not be a shareholder# of the company, or its related companies,
 - Must not be related to the owner(s)^ of the company,
 - Must not be immediate ex-staff of the PCP company or related entities,
 - Must not be undergoing any programmes funded by WSG concurrently, and
 - Current job roles are affected by technology and/or business transformation and will undergo skills conversion to stay relevant within a new or enhanced job function within the company.
 
# does not apply to publicly traded shares in listed companies
 ^ for non-publicly listed companies, refers to individuals with shareholding per ACRA profile

Companies will design and submit to IBF a PCP plan comprising of structured and on-the-job training to facilitate the transition of mid-career employees.
 
Upon approval of the plan, completion of re-skilling and redeployment of the employees, participating employers would be reimbursed for salary and course fees support, for the duration of the PCP.