Amidst the ongoing digital revolution in banking and financial services, banks and financial institutions are making concerted efforts to attract tech talents and upgrade the skills of professionals in the industry.
Banking and finance professionals are among the most sought-after employees in Singapore, driven by several factors. Firstly, Singapore is set to play a key role in financing the region’s growth with its plans to become the Asian hub for digital banks and FinTech. The banking and financial industry is rapidly innovating its digital offerings to meet the rising customer expectations for more accessible and integrated experiences.
Qualified professionals can make the most of abundant opportunities in the banking and finance industry by building up their skills and preparing for the digital future.
In the banking sector, fresh graduates can tap on a range of graduate schemes to acquire a comprehensive understanding of the evolving industry. In financial firms, young graduates often begin as trainees or analysts, working alongside senior colleagues to gain valuable experience in their chosen areas of focus. Professionals who eventually opt for specialisation will find growing opportunities in niche areas such as compliance and risk management, data analytics, FinTech and investment banking.
CAREER PROSPECTS AND OPPORTUNITIES
Singapore’s position as a financial hub in the Asia-Pacific region ensures that professionals in the banking and finance sector enjoy diverse career pathways across a wide range of institutions, including corporations, retail and private banks, financial services firms, specialist consultancies and regulatory bodies.
The ongoing adoption of data analytics and automation in the banking and finance sector will continue to transform job roles in banking and financial services. Professionals with excellent digital skills ranging from data analysis and interpretation to data storytelling and digital engagement will continue to be highly sought-after by banks and financial institutions. Beyond technical knowledge, professionals who demonstrate business acumen, interpersonal skills, and an understanding of evolving client needs are also in high demand.
Driven by the need to extract deeper insights from data and create exceptional user experiences for customers, banks are also actively hiring graduates for non-traditional roles in product and service design.
RELEVANT QUALIFICATIONS/SKILLS
- Degree in business, science, technology, engineering, mathematics, data and analytics, or related disciplines
- Possess strong communication, data literacy, problem-solving, programming, and coding skills, with the ability to tell data stories from a global perspective
- Integrity, strong ethics, and an ethical and positive attitude
- Programming skills in Python and SQL
WHAT RECRUITERS LOOK FOR
- A healthy balance between technical skills and people skills
- Agility to navigate new technologies
- Awareness of the risks and challenges in a fast-paced environment
- Ability to gain the trust of stakeholders through initiative and adaptability
