The survey showed that financial institutions are planning to oﬀer 1,800 newly created jobs and 2,000 traineeships during these 12 months. https://www.mas.gov.sg/news/speeches/2020/gearing-up-for-new-and-evolving-jobs-in-financial-services  6/18  04/12/2020  "Gearing up for New and Evolving Jobs in Financial Services" - Remarks by Mr Ravi Menon, Managing Director, Monetary Authorit…  The newly created jobs are distributed across diﬀerent job functions. The largest hiring demand is in technology, as you can see from the chart, with 880 jobs. The top new job roles in technology include application developers, application architects, and business analysts. This is followed by private banking and wealth management at 12%, in roles such as relationship management, process excellence, and digital transformation. The remaining 40% of new jobs are spread across other business segments, including insurance, corporate banking, consumer banking, investment banking, and asset management, as well as in corporate roles such as finance and human resources. https://www.mas.gov.sg/news/speeches/2020/gearing-up-for-new-and-evolving-jobs-in-financial-services  7/18  04/12/2020  "Gearing up for New and Evolving Jobs in Financial Services" - Remarks by Mr Ravi Menon, Managing Director, Monetary Authorit…  Let’s take a closer look at the 880 technology jobs on oﬀer in the financial sector. There are three broad types of job roles that financial institutions are hiring for their technology departments. First, advanced tech roles, such as enterprise architects and infrastructure architects. These are specialist roles that require highly technical skills. Take for example, enterprise architects.
The COVID-19 pandemic is creating some fundamental changes in industry structure, work processes, and job functions. If we do not retrain to take on new tasks or move to new roles, we will be le behind by these changes. That is why government agencies are working together with their respective sectors of the economy to prepare their workers for the jobs of the future. https://www.mas.gov.sg/news/speeches/2020/gearing-up-for-new-and-evolving-jobs-in-financial-services  2/18  04/12/2020  "Gearing up for New and Evolving Jobs in Financial Services" - Remarks by Mr Ravi Menon, Managing Director, Monetary Authorit…  MAS is focused on the financial sector, working with IBF and the industry to drive an active jobs and skills agenda. Among central banks, MAS is probably unique in playing such an active role in the training and development of our financial sector workforce. As I had mentioned in 2017, “jobs and skills have moved to front and centre of MAS’ financial sector development agenda.” Growing Timber - The Financial Sector Jobs and Skills Agenda  This is where the Growing Timber series comes in. MAS wants to deepen and broaden our partnership with the financial industry and finance professionals to strengthen the Singaporean core in financial services.