INDUSTRY SECTORS
Banking and Financial Services S
ingapore has established a flourishing financial hub that serves both its domestic economy as well as the wider Asia Pacific region. But with more and more financial institutions now under increased scrutiny by governments in the wake of the global credit crisis, the role of compliance and risk has taken on a more significant role in this sector. Insurers and banks alike are now on the lookout for talent with experience in operational and business risk.
Job-hunting tips
You’ll need…
Work experience
• Analytical skills
Summer internships and work experience placements are available at larger financial institutions.
• Commercial awareness • To be client-focused • To be a team player • Problem-solving skills
Types of employers • Retail banks
• Graduate recruitment programmes within financial services generally use multi-stage recruitment processes that include online applications, psychometric testing, assessment centres and interviews • Conversely, companies without a structured graduate programme generally rely on interviews for their selection
Did you know? Singapore is one of the world’s top foreign exchange trading platforms. The Little Red Dot shares 79 per cent of all trades with four other countries, according to a triennial central bank survey in 2019 by the Bank for International Settlements.
Deadlines Deadlines for formal graduate programmes tend to be from August to September. However, employers recruit for fund accounting and general financial services roles throughout the year.
Most popular employers
• Corporate and commercial banks
1. DBS Bank
• Investment banks and stockbrokers
2. OCBC Bank
• Insurance companies
3. Mastercard
• Building societies and credit unions
4. Monetary Authority of Singapore (MAS)
Types of jobs
5. Ministry of Finance (MOF) 6. Citi Singapore
• Actuaries • Risk and compliance • Corporate banking • Retail banking • Trading, equity analysis • Client relationship management • Broking • Business functions (e.g. IT, marketing, HR)
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directory 2022
7. Maybank 8. Standard Chartered Bank 9. Visa 10. United Overseas Bank (UOB) Source: Singapore Graduate Barometer 2021 edition
