The Financial Sector Skills Council (FSSC) was formed in 2022 to coordinate existing capacity building initiatives for the financial industry for the development of the Kigali International Financial Centre.
It has 13 members drawn from industry associations, regulators, policymakers, training providers, and academia. These are; the Ministry of Finance and Economic Planning (MINECOFIN), Rwanda Finance Limited (RFL), Rwanda Development Board (RDB), National Bank of Rwanda (BNR), Rwanda Bankers’ Association (RBA), Rwanda Insurers Association (ASSAR), Association of Microfinance Institutions in Rwanda (AMIR), Rwanda Stock Exchange (RSE), Rwanda Bar Association, Institute of Certified Public Accountants of Rwanda (ICPAR), University of Rwanda (UR), Private Sector Federation (PSF), and Capital Market Authority (CMA).
To develop world-class, industry-driven skill standards and qualifications for financial professionals that are aligned with the evolving needs of the financial sector.
To be the leading organization driving skill development and talent transformation in the financial sector, ensuring a future-ready workforce that meets global standards and contributes to the growth of the financial sector and the economy.
The main functions are to carry out research, articulate industry skills needs, influence manpower planning policy to reduce skills gaps and shortages, engage employers in skill development and influence skill policy, forecast future skills required within the sector, and improve learning supply through National Occupational Standards, apprenticeships, internships, and higher education.
The council has a Secretariat operating within Rwanda Finance Limited (RFL) with a coordinator in charge of day-to-day activities and by 2026, it will be a fully operational independent entity.
