Finance hiring stumbles in April as bank earnings dip

Increased digitisation is also a culprit.

The number of online job listings for finance and accounting roles slid by 12% year-on-year in April, according to the latest Monster Employment Index.

Meanwhile, online recruitment for the banking, financial services and insurance (BFSI) industry as a whole dropped by 3% year-on-year.

"The weaker hiring activities in Q1 are in part due to the volatile markets, which have impacted banks’ earnings," said Sanjay Modi, Managing Director, Monster.com.

The increasing adoption of tech is also a reason behind the decline in postings, Modi said.

"As economies become more digitised, employers are looking to streamline internal and external processes with technology, reducing the need for additional manpower. That said, employers are still actively seeking the best candidates to fill the critical roles that can drive businesses forward,” Modi said.