The Singaporean banking and payments industry experienced a 14% drop in new job postings in Q4 2022 compared with the previous quarter, with the highest share accounted for by Oversea-Chinese Banking with 947 job postings according to GlobalData’s analysis of banking and payments company job postings.
Notably, Management Occupations jobs accounted for a 40% share of the Singaporean’s banking and payments industry new job postings in Q4 2022, down by 4% over the prior quarter.
Of the industry's total hiring activity, the highest number of new job postings were for Management Occupations, which accounted for 40% of the total new job postings in Q4 2022 and were down by 6% year-on-year. Second highest were Computer and Mathematical Occupations, which accounted for 25% and drop by 21% year-on-year, and third highest were Business and Financial Operations Occupations, which were 16% of the new job postings and 21% lower year-on-year.
The highest number of jobs were posted by Oversea-Chinese Banking with 947, followed by DBS Group with 637, while the highest increase was at Standard Chartered at 236%.