Online hiring for Singapore bank roles up 28% in March

Singapore figures outpaced that of Malaysia and the Philippines.

Employment opportunities continue to abound in Singapore’s banking and finance sector as online BFSI hiring picked up at a faster pace in March at 28% from 12% in February and 15% in January, according to a survey from HR tech firm Monster.com.

Singapore’s figures remain higher than both Malaysia and the Philippines where online hiring for BFSI execs only rose 15% each in March. The move comes even as Malaysia experienced a sizeable boost in finance and banking opportunities in the month, recording a 3% annual growth.

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For finance and account roles, the Philippines is giving Singapore a run for its money as online hiring in the two countries both rose by 20% in March 2018, which translates to 100 roles in Singapore and 183 in the Philippines. In Malaysia, finance and accounting roles rose only by 3% to 70.

“For Singapore, this was a notable 18% improvement from February, where it had recorded a paltry 2% annual growth,” the firm said in a statement.

“[B]anks must make sustainability a part of their long-term strategy, and figure out how these technological changes contribute to the bank’s overall development in the long run. As a result, banks are looking to hire young financial experts who have previously worked in fintech, artificial intelligence or regulation,” Abhijeet Mukherjee, CEO of Monster.com – APAC and Middle East said in a statement.