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
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
