SINGAPORE
-�Media
OutReach
- 30 January 2019�-�Singapore and Hong Kong are often seen
competing for the title of Asia's most important financial hub. This report
analyses the state of digital transformation in banks in both cities based on
their hiring activities in 2018.

Top
Hiring Singapore Banks Posted More Technology Roles Than Top Hiring Hong Kong
Banks

While the top hiring banks
in Hong Kong generally hire more positions than the top hiring banks in Singapore,
the banks in Singapore hire a much larger proportion of technology jobs, with 20%
of job posting being a technology job, as compared to 5% in Hongkong.

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https://drive.google.com/open?id=1x_5XU44nNkADjp66nCCpkDJBsT7JrkHG

Banks with significant presence in both
cities also hire a larger number of technology jobs in Singapore as compared to
Hong Kong

For instance, J.P. Morgan
posted 640 technology jobs in Singapore and 170 in Hong Kong and DBS posted 630
technology jobs in Singapore and only 50 in Hong Kong. Given that these banks
have a significant presence in Hong Kong, it could suggest that they are basing
most of their digitisation efforts in Singapore.

Business
Intelligence/Analytics, Data Analytics and Application Engineering were the
most sought-after technology domains among top hiring banks in Singapore and
Hong Kong in 2018

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This is in line with banks' digital transformation
initiatives and their push for analytics. The hiring trend for Business
Intelligence/Analytics and Data Analytics positions is consistent across many
of the large banks in recent years. J.P. Morgan and OCBC seem to follow this
trend to a lesser extent in 2018. OCBC technological domains are more spread
out in Singapore with a slightly stronger focus in Information Security while
J.P. Morgan has a deeper focus on Application Engineering.

It is also noteworthy that there is a stronger focus on Information
Security positions in top hiring Singapore banks than its counterparts in Hong
Kong, which is another indication of digitising efforts in Singapore, given that
cyber security plays a critical role in digitisation.

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Breakdown (%) of
Technology Jobs Domains by Top Hiring Banks in Singapore and Hong Kong in 2018

https://drive.google.com/open?id=1WDpi2vsP4pXJDFR5L4VYWhC8S0zOroFE

The heatmap examines the breakdown of
technology jobs posted by these top hiring banks by their technological
domains, with darker shades showing higher prevalence and vice versa.

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Most Sought-After Skills
in
Business
Intelligence/Analytics

, Data Analytics and Application
Engineering by Top Hiring Banks
in Singapore and Hong Kong in 2018

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There are some similarities in terms of skills and domain
knowledge areas across technological domains in Singapore and Hong Kong top
hiring banks. Business Intelligence/Analytics positions focused on business and
finance related domain knowledge, while Data Analytics positions focused more
on popular programming, database management and statistical skills used in Data
Science. Also, banks from both countries tend to
look out for Java and Cloud skills sets for Application Engineering positions.

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However, for the Data Analytics domain, there are more Big
Data related technology skills such as Big Data and Hadoop in Singapore whereas
Machine Learning Algorithms, SAS and R-Programming are more sought-after in
Hong Kong.

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Singapore
banks are ramping up on its technological expertise more intensely

Not only are Singapore banks looking to hire more
technological talents, they are also looking to hire for a wider variety of
different domain expertise, which is often necessary for digitisation of a
sector. The above analysis offers a glimpse into the different approaches two
rival financial hubs are taking to improve their competitive advantage in the
region.

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By analysing skills requirements across domains, companies
and geolocations, it is possible to glean deeper insights into companies hiring
trends as well as workforce demands in countries.

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Appendix

Infographic -- Digital
Transformation Among Singapore & Hong Kong Top Banks

https://drive.google.com/open?id=1uF3CtpamQkTUGHqU8zYVuybpSX3e4Jhw

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JobTech
Data API

In order to provide real-time access to Online Jobs Census
data, JobTech has developed 2 data APIs (Application Programming Interface) for
its strategic government and industry partners to acquire up-to-date and
structured jobs market data automatically. The 2 APIs will allow users to
obtain sectoral data for both the de-duplicated job counts as well as the top
skills demanded in real time, from the JobTech database which has more than 50
million data points.

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JobTechwill continue to provide flash reports
covering different sectors in Singapore, with a focus on highly sought-after
skills and labor market trends. In this regard, JobTech is using its Big Data
Analytics and Artificial Intelligence capabilities to provide visibility and
analysis of the online jobs market in Singapore to support companies and
decision makers there.

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For more information on the full version of JobTech
Analytics Reports (Quarterly Sector Reports) and Real Time Analytics, please
visit http://analytics.jobtech.co/

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About
JobTech^TM��������

JobTech is driven by a
desire to change the labour market for the better. We have made it our mission
to find the right match between people and jobs more efficiently, and
continually build products and solutions that enhance human resource
productivity.

We are Singapore's
leading Artificial Intelligence and Big Data Analytics start-up that provides
optimised job matching tools and real-time labour market intelligence. Our core
technology is the result of 10 years of research and development by top machine
learning experts and data scientists. This drives our ability to analyse more
than 1 million job postings every day, providing complete and accurate
visibility of online jobs markets around the world.

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We serve a multitude of
customers. For employers, we provide candidates that have been vetted for
quality and interest. For job seekers, we provide a platform where they can
find jobs across thousands of sources. For businesses, financial institutions,
the government, recruiters and consultancy firms, we provide information on
hiring trends that they use to inform policies and guide business decisions.