London – Standard Chartered has launched its first front-office Financial Markets Apprenticeship Programme promoting social mobility by taking a revolutionary approach to entry requirements, with the first cohort joining the bank this week.
The new apprenticeship scheme sees the removal of an academic qualification prerequisite, and instead identifies candidates’ potential through assessment materials developed specifically for the role, enabling a holistic view of candidates’ ability.
The bespoke three-year programme combines academic qualifications with on the job learning, working alongside Financial Markets professionals across sales, trading, financing and capital markets.
Recruitment for the apprenticeship targeted school leavers with a focus on attracting an ambitious talent pool, engaging with disadvantaged and disengaged communities, promoting gender balance, socio-economic inclusion and ethnic diversity.
Henrik Raber, Global Head of Credit Markets at Standard Chartered said: “The introduction and approach of our Financial Markets apprenticeship scheme has proven there is high-potential talent out there amongst individuals who would normally not have access to such opportunities. To be truly diverse and inclusive, organisations need to re-think their approach to talent management and resourcing. We recognise that passion and ability cannot always be measured by academic performance alone. We are proud to lead the charge on a path that will hopefully provide greater opportunities to all.”
To support the apprentices transition into their new roles, a start-up payment is provided to assist with work related expenses such as travel costs and business attire incurred prior to the first salary payment, combined with an onboarding programme which looks to develop professionalism and confidence in the workplace.
The six apprentices now begin stage one of the programme which will provide a foundation of tailored technical and professional skills training, working towards completion of professional qualifications obtained from the Chartered Institute of Securities and Investments (CISI). This will be followed by the Level 6 Financial Services Professional Apprenticeship, and upon successful completion apprentices will be offered a front office role within Standard Chartered’s Financial Markets business.
For further information please contact:
Corporate Affairs Manager, Europe
Standard Chartered Bank
Tel: +44 (0)207 885 7899