Singapore banks rev up tech hiring to plug digital vacancies

A fifth of job postings are for employees with digital skills.

Banks in Singapore are seeking out more technology professionals as it faces off against Hong Kong to be Asia’s most important financial hub, with 20% of job postings calling for digitally-driven employees, according to JobTech Online’s Jobs Census.

The census highlighted how J.P. Morgan posted 640 technology jobs in Singapore, compared to the 170 posted in Hong Kong. Similarly, DBS post up 630 technology jobs in the Lion City versus 50 in Hong Kong.

“Given that these banks have a significant presence in Hong Kong, it could suggest that they are basing most of their digitalisation efforts in Singapore,” the firm noted.

Also read: Singapore banks embark on hiring spree in fight against dirty money

Business intelligence, data analytics, and application engineering professionals were the most sought after amongst the top hiring banks in Singapore and Hong Kong in 2018. The census noted how OCBC’s technological domains placed a stronger focus on information security, whilst JP Morgan reportedly placed a deeper focus on application engineering.

“This is in line with banks’ digital transformation initiatives and their push for analytics,” the firm said in a statement. “The hiring trend for business intelligence and data analytics positions is consistent across many of the large banks in recent years.”

In 2016-2017, the number of jobs in the fintech and financial sevices sector grew by 7,800 as insurers and fund managers beefed up their teams.

Also Read

Bangkok Bank logs net profit of $1.05b for 9M 2024

Banks face value creation challenge despite record revenues

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit