FSA launches scholarship award for undergraduate and postgraduate courses |19 November 2021
Following in the footsteps of the Central Bank of Seychelles’ Guy Morel Scholarship Award, the Financial Services Agency (FSA) is officially launching its Scholarship Award for undergraduate and postgraduate programmes, focusing on the non-banking financial sector.
As from 2022, the FSA will provide two fully sponsored scholarships annually to deserving candidates to pursue higher education in the financial services field. Applications are already open for the year 2022 and the deadline for submission of application is January 2022.
The Financial Services Agency, which recorded a profit of R239.3 million and provides dividend to the government each year, is dipping into its pockets to fund the two scholarships either at undergraduate level (bachelor’s degree), postgraduate level (Master’s degree) and postgraduate diplomas offered by the International Compliance Association (ICA) and Chartered Institute for Securities and Investment (CISI).
Scholarships will be awarded for courses related to financial technology (fintech), funds and investments, capital markets, wealth and asset management, insurance and pension, actuarial science, gaming and betting, anti-money laundering, compliance and financial law.
The FSA will cover costs for tuition fees, educational supplies, stipend/living expenses and other related allowances, return airfare and insurance.
The scholarships are being made available with the aim of addressing the current technical skills deficiency in the sector and to help build a talent pipeline of skilled professionals in the financial services field, and support the growth of the non-banking finance sector.
“FSA as a key regulator in the financial services sector, we have a clear mandate to develop financial services within the industry and as part of that mandate it is also our responsibility to ensure we are developing technical skills of individuals in that sector hence the importance of this scholarship,” deputy chief executive of FSA, Zenabe Daman, said.
“We hope that it will be something that will be successful and to the benefit of Seychellois,” she added.
On her part, the director for corporate communication at FSA, Lissa Bristol, explained that further details on the scholarships will be made available on FSA’s website and on its social media pages, as well as in local newspapers and media outlets.
“FSA plans to pay for everything related to these courses and successful candidates will have nothing to pay. So we are encouraging people to apply because it is a very good opportunity to either join the sector or further develop your capacity in that sector,” Ms Bristol added.
Prospective applicants must be a citizen of Seychelles, not over 55 years of age, employed in the non-banking finance sector or seeking a career in that sector and possess good academic and professional records.