An increase of more than 350 unique online jobs in the Singapore Banking & Finance sector in 2Q 2017; over the 2,800 unique Banking & Finance sector online jobs captured in 1Q 2017. This represents a more than 12% increase in online jobs when 2Q 2017 is compared with 1Q 2017.
The growth in hiring appetite for 3 consecutive quarters since 4Q 2016 reveals a general upturn in the Banking & Finance sector; a pattern of steady growth was also observed from the number of online jobs between April and June 2017, with April recording the lowest and June recording the highest number of online jobs in the 2Q period. JobTech’s Predictive analytics anticipates that the hiring growth will continue for the rest of the year.
In addition, JobTech noted the top 5 most popular technology job roles in the Banking & Finance sector.
|Rank||Top 5 Most Popular Technical Job Roles||Rank||Top 5 Fastest Filled Job Roles|
|1||Technical/Operational Support Engineers||1||System Analyst|
|2||System Analyst||2||Data Analyst/Scientist|
|3||Software & Multimedia Developer||3||IT Security Specialist|
|4||IT Security Specialist||4||Software & Multimedia Developer|
|5||Data Analyst/Scientist||5||IT Risk Analyst|
Listed in ranking order, these job roles are Technical/Operational Support Engineers, System Analyst, Software & Multimedia Developer, IT Security Specialist and Data Analyst/Scientist.
Of note is that most of the popular technology job roles sought after by employers in the Banking & Finance sector are also getting filled fast. The top 5 fastest filled job roles listed in rank order above have generally been filled within 1-2 weeks after posting.
In general, across the entire Banking & Finance sector, over 30% of the online jobs seek candidates with proficiency in Microsoft Office skills; in particular, mastery of Microsoft Excel makes up close to 50% of the statistics. Other highly sought-after skills include: Sales, Communication Skills, Interpersonal Skills, Attentiveness to Details (Meticulous), Team Player mentality and appreciation of Science and Technology.
Furthermore, JobTech has identified the top 5 fastest growing skills sought-after by employers in the Banking & Finance sector in Singapore.
TOP 5 FASTEST GROWING SKILLS SOUGHT BY ALL ONLINE JOB POSTINGS IN THE SINGAPORE BANKING & FINANCE SECTOR IN 2Q 2017
|Rank||Technical Skills||Rank||Soft Skills/Traits||Rank||Domain Knowledge|
|2||Statistical Analysis||2||Critical Thinking||2||Exchange Rate System|
|5||Python||5||Committed||5||Social Media Platforms|
Technical skills such as Tableau (data visualization), Statistical Analysis, JIRA (issue and bug tracking) and Python reveal an increasing demand for technology and digital skills in the financial sector, as indicated by the Monetary Authority of Singapore’s annual report. Other specific growth areas include compliance, familiarity with currency markets and digital marketing as reflected by the growing domain knowledge areas of FATCA (Foreign Account Tax Compliance Act), Exchange Rate System and Social Media Platforms.
JobTech’s predictive analytics indicates that technical skills such as SWIFT (Programming language), Encryption, UX Design, SAS, Project Management will likely be among the top skills experiencing high growth over the next calendar quarter (1 July 2017 – 30 September 2017).
JobTech will continue to provide flash reports covering different sectors in Singapore, with a focus on highly sought-after skills and labor market trends. In this regard, JobTechTM is using its Big Data Analytics and Artificial Intelligence capabilities to provide visibility and analysis of the online jobs market in Singapore to support companies and decision makers there.
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