Following the slowdown in recruitment activity before the Chinese New Year, an increasing number of jobs are becoming available in the accountancy, finance, and banking sectors in Asia. Here are the latest skills in demand across the region from the Hays Quarterly Report.
Job opportunities in the accountancy, finance, and banking sectors are growing as many international companies continue to invest in the Asia-Pacific region. Here are the skills in demand across the region.
In the wake of broad global regulatory initiatives including Basel III, the roll-out of Dodd-Frank, the European Market Infrastructure Regulation ("EMIR") and other regulatory guidelines, a variety of issues are currently impacting the Asia-Pacific ("APAC") financial services sector.
On average, an associate investment banker in Singapore earns SG$86,811 per year, almost double the median gross yearly income of a typical worker who earns around SG$44,500. Yet salaries well above the norm don't seem to be enough to keep banking and finance employees in one place.
With the Singapore banking sector starting to reach maturity, many HR departments are now focusing on attracting and retaining talent, in particular the pressing need to develop more local Singaporean leaders. This demand for more effective leadership has burgeoned in recent years given banking crises, increased regulation, and budget constraints.
Singapore is on the brink of concluding an agreement with the US to clamp down on tax evasion by US citizens or residents (US persons), a move that will enhance Singapore’s credentials as a global financial hub.
Over a decade ago, factors such as globalisation, deepening of financial product usage, and demographic change led the banking and financial sector on a dynamic trajectory. Essentially, the financial services industry (FSI) built its growth and returns model around these drivers.
Internal Auditors, Regulatory Reporting Analysts, and Financial Planning & Analysis professionals are among the skills in high demand across Asia, according to our latest Hays Quarterly Report of jobs in demand.
All-round Finance Managers, Regulatory Reporting Analysts, and Financial Planning & Analysis professionals are among the skills in high demand across Asia, according to our latest Hays Quarterly Hotspots list of jobs in demand.
At a conference in November 2012, Thomas J. Curry, Head of US Office of the Comptroller of the Currency (OCC) said: “We are no longer willing to accept audit and risk management functions that are simply satisfactory. We are looking for excellence. Our expectation now is that large institutions will meet the standard of ‘strong’ for audit and risk management functions, and that the independent directors will take a strong hand in ensuring compliance.”
Market experts are saying that the global economy is doing comparatively better than the past few years. It is following the trends of the previous year where there were cautious signs of growth and free liquidity along with the development of financial market.