Key Takeaways March 2019

What’s happening in Singapore?

  • Bonuses in local banks – 2-3 months
  • Bonuses in international banks – 0-1 month
  • Switching companies – salary increment – 10-15%

Current Job Openings Singapore – Banking

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Key Takeaways

  • IT remains a key area of focus as banks are still focused on transformation and automation projects in addition to ramping up cybersecurity hires to prevent data leaks and hacks
  • Strong demand for Relationship Managers remain as firms look to drive additional business from UHNW clients
  • Interestingly, Operations and Middle Office hirings are seeing a come-back within local banks with a key focus on cash management and derivatives trade processing
  • Revenue-generating Trading roles continue to decline as banks shift towards algo and quant trading
  • Tighter controls and regulations push for increased demand for Risk, Legal, Compliance and Audit talent