JobTech’s job monitoring technology recorded an increase of more than 800 unique [1] online job postings in the Singapore Banking & Finance sector in 1Q 2017; over the 2,000 unique Banking & Finance sector online job postings captured in 4Q 2016. This represents a more than 40% increase [2] in online job postings when 1Q 2017 is compared with 4Q 2016.

Looking at the average number of unique job postings per month, 1Q 2017 recorded slightly over 950 online job postings per month while 4Q 2016 recorded slightly over 650 online job postings per month, on average. While there is a possible seasonal effect due to hiring patterns in the beginning of the calendar year over the end of the calendar year; a negative signal was also observed from the number of online job postings from January to March 2017 for the Banking & Finance sector, with March recording the lowest number of online job postings in the first quarter of 2017.

In addition, JobTech has identified the most sought-after skills by employers in the Banking & Finance sector in Singapore.

TOP SKILLS SOUGHT BY ALL [3] ONLINE JOB POSTINGS IN THE SINGAPORE BANKING & FINANCE SECTOR IN 1Q 2017

Rank Technical Skills Rank Soft Skills/Traits Rank Domain Knowledge
1 Microsoft Office 1 Communciation 1 Protocols
2 Sales 2 Interpersonal 2 IT & Business
3 Planning 3 Responsible 3 Science & Technology
4 Analysis 4 Team Player 4 Finance
5 Liaison 5 Meticulous 5 Investment

In general, across the entire Banking & Finance sector, we see at least 20% of the online job postings seeking candidates with skills such as: proficiency in Microsoft Office, Sales, Communication Skills, Interpersonal Skills, Understanding of Technical Protocols and Good Practices.

In addition, JobTech also noted the emergence of 10 additional domain knowledge areas and 16 additional technical skills that showed up in the 1Q 2017 listing. Some of the emerging domain knowledge areas sought by employers included: Robot Operating System, Relational Database, Safety Compliance, Business Operations, and System Engineering. For the emerging technical skills sought-after by technology jobs in the Banking and Finance sector, the list included: VSphere, Eclipse, RedHat, Apache Struts, and Phishing. Refer to Annex II for the top skills sought-after by technology jobs in the Banking & Finance sector.

For media queries, please contact us at connect@jobtech.co.

 

[1] Duplicate online job postings are detected and sifted out by JobTech’s proprietary natural language and text analytics technology which analyses the text in online job postings across multiple portals with over 95% accuracy.

[2] The percentage reported here has not been adjusted for seasonality, the computation here is done based on consecutive quarterly data (4Q 2016 versus 1Q 2017).

[3] This refers to online job postings in JobTech’s database for the Banking & Finance sector.

[4] Domain Knowledge refers to knowledge of a certain subject/specialized field that allows an individual to be proficient at applying their understanding to accomplish work-related tasks.