Tech-focused talents tops demand in Singapore’s financial sector

More than 3,000 tech-focused jobs are expected in 2022.

Software developers and engineers are the most in-demand talents in Singapore’s financial sector with more than 700 job opportunities currently available according to Ravi Menon, managing director of the Monetary Authority of Singapore.

In his speech at the Singapore Financial Forum, Menon said Singapore’s financial centre is doing exceedingly well, and prospects remain bright for the years ahead. And one of the most encouraging aspects of this strong growth is the number of good jobs that are being created.

According to Menon, MAS is expecting 9,400 new hiring opportunities for permanent roles in the financial sector in 2022 and more than 3,000 jobs focused on technology, and topping the demand for technology-focused jobs are software developers and engineers.

This is because these jobs support a wide range of activities, such as designing and developing digital finance services; applying blockchain technology in trade finance; and using artificial intelligence to detect fraud and money laundering

Additionally, Menon said there will be interesting new roles in sustainable finance ranging from execution of ESG transactions to advisory services and product development.

“Many of these jobs will draw on traditional finance expertise such as product structuring, risk management, reporting and pricing, but layered and infused with new knowledge on sustainability,” Menon said.