Online hiring of financial executives sees high volume in Singapore and the Philippines
Banking and finance talent continued to be desired by Singapore and the Philippines for the month of December, according to data provided by the Monster Employment Index, released by Monster.com today. The Monster Employment Index (MEI) is a monthly gauge of online hiring activity across Singapore, Malaysia and the Philippines, tracked by Monster.com. It comprises data for overall hiring activity in each country, as well as specific data in the banking and finance sector.
The Philippines was the most enthusiastic about hiring banking and finance talent in December, reporting a whopping 19% annual growth for the month. At 17% year-on-year growth for December, Singapore’s demand for finance executives was nearly on par with that of the Philippines. Malaysia was unable to produce such robust figures as compared to its neighbours, recording a decline of 12% for the month of December.
Banking and finance roles were abundantly available in the Philippines, which recorded an impressive 26% year-on-year growth for December. Singapore and Malaysia’s figures for growth of banking roles paled in comparison, with Singapore reporting a mere 2% year-onyear growth and Malaysia experiencing an annual decline of 13%. December’s year-on-year growth saw the Philippines suffer a 12% decline from the 38% annual growth it reported during November. Malaysia had recorded a decline of 10% during November as well, thus continuing the trend into the next month.
“Banking and financial institutions are poised to be on the lookout for talent with regulatory and change management proficiencies. With a number of new products and endeavours being rolled out by finance companies and fintech providers on a regular basis, it is necessary to ensure that all necessary regulations are in place. This is crucial for banks and companies with operations across multiple Southeast Asian countries,” said Abhijeet Mukherjee, CEO of Monster.com – APAC and Middle East. “Finance recruits must possess technical, regulatory and commercial skills in order to be noticed by banks, who are on the lookout for talent which can tackle working across a variety of departments and juggle multiple responsibilities with ease.”