Graduate program for the financial industry hailed for its “adaptability and diversity”

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A new graduate program for the financial sector has been praised for its adaptability, diversity and inclusion.

The CEO of the only Welsh company in the FTSE 100 praised the new Welsh financial services graduate program.

During the opening speech at the program launch event, Admiral Group CEO, Milena Mondini de Focatiis, explained why attracting and developing young professionals from diverse backgrounds is vital for the country’s leading financial organizations. .

This year, more than 40% of all graduates accepted into the program are women and 30% of the places have been obtained by people from black, Asian and ethnic minority communities. It is the result of eight years of work by developers to build close relationships with academic career services, community leaders and influencers, to create an outreach program to ensure that young talent from communities in the south of the country Wales are encouraged to seize the opportunities offered.

This work may well set a benchmark for financial organizations across the country. In its business plan released in July 2021, the UK Financial Conduct Authority expressed its goal of improving the diversity and inclusion of its own workforce, as well as the financial services industry in general.

At the official launch of the program, Economy Minister Vaughan Gething highlighted his contribution to the growth of Wales’ financial sector, said: “As part of the Welsh Government’s efforts to launch a strong economic recovery , we want to help create new jobs, especially in industries of the future, providing work and training opportunities for people across Wales.

“In particular, we are clearly focusing on supporting young people towards employment. That is why we are committed to delivering our Youth Guarantee, which will provide everyone under 25 in Wales with an offer of work, education, training or self-employment.

“I am therefore delighted to launch the 2021-2023 cohort of the EU-funded Graduate Program in Financial Services. Over £ 6million of EU funds has been invested in this program, enabling more graduates to pursue professional careers here in Wales and helping companies develop the next generation of leaders.

“The program successfully helps young people unlock their potential by developing the skills and experiences they will need to improve their career prospects, as well as by retaining and nurturing talent here in Wales.”

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The program has been run by the Welsh Contact Center Forum since 2015. Ensuring that opportunities in Wales’ financial services sector are open to all has been a key priority since its inception to help the Welsh financial sector recover from the devastation of 2008 recession.

Over 200 graduates launched their careers here in Wales after seizing the opportunity to obtain a funded MSc in Financial Services, while sampling a portfolio of career paths as they complete several internships with some of the employers the most sought after in the country.

The program is partly funded by the European Social Fund via the Welsh government. Almost 70% of graduates are recruited directly from Welsh universities and 98% go on to work in the Welsh financial sector. It boasts of being a leading graduate talent program for major employers, including Admiral, Confused.com, and Legal and General, to recruit high caliber graduates.

Ms. Mondini de Focatiis said: “I am delighted that Admiral Group has been part of the Welsh Financial Services Graduate Program since its inception.

“To date, 19 graduates have joined us in permanent roles following internships, many of whom have continued their careers with the organization. Their original diversity and positive energy have brought material value to us and the financial services industry here in Wales. “

Sandra Busby, Managing Director of the Welsh Contact Center Forum, said: “This program exists to provide employers with the opportunity to attract and develop candidates with the acumen, skills and training that enable the Welsh financial sector to succeed. ‘adapt to developing trends and accelerate new products and services. These opportunities are available to all graduates, and we will continue our work to ensure that the talent pool we create represents the true diversity of South Wales communities.

“Our success to date is built on long-standing partnerships with employers that ensure graduates and companies benefit from the latest academic training and industry best practices. I am sure our latest cohort will continue to lead Wales towards its goal of competing with long-established UK financial centers. “


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