finews.asia speaks to Natasha Madhavan at financial recruitment specialist Selby Jennings in Singapore about hiring trends in banking, as the upcoming introduction of non-traditional, non-bank players are set to shake up the sector.
Natasha Madhavan, as a recruiter in the banking and finance industry, how is tech and digitalization shaking up hiring in this sector?
There has been a lot of structural change within the banking sector in the past few decades thanks to a wider agenda of digital transformation. For instance, as more banks promote digital banking and cut down on their brick-and-mortar retail shops, there may be less demand for bank tellers but more demand for back-end online platform engineers. We’re continuing to see this happen on multiple fronts as banks explore how they can better utilize technology to cut costs and be more lean and agile.
We’re seeing increasing demand for candidates with data analytics, quantitative and actuarial skills in the market. In times like these, I encourage candidates to keep an open mind and enhance their personal skills in today’s technology-driven market. If you’re entering most workplaces today, not just in financial services, you will need to be adept at using and learning technology because it has become an integral way of how we work and live.
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