For the second webinar of MAS and IBF’s Growing Timber series, we focused on job opportunities and the tech skills that are in demand in the financial services sector.
MD Ravi Menon shared information about the positive employment outlook for the sector in 2021, with technology slated to continue as a key driver of the growth and nature of jobs for this sector. But we’re still facing a shortage for skilled tech talent in Singapore.
My panel of financial sector leaders from Citi, JPM, DBS, and representatives from MAS and IBF also spoke extensively about the roles that government agencies, employers and employees can play in building a stronger #singaporean core in tech functions. It’s a shared responsibility between all three parties. Employers must be willing to hire professionals from diverse backgrounds and individuals must be willing to embrace the challenges and opportunities that technology brings.
As #fintech continues to redefine traditional financial services, we have to ensure our existing workforce, even those in non-tech roles can transition well and have a seat in the future of Singapore’s Smart Financial Centre, one that is powered by innovation and technology.
It’s also heartening to know that there are now tech-based management associate programs offered by our financial institutions in Singapore. I was previously an MA at HSBC many years ago and I must say the exposure and learning provided for a generalist (including an overseas training stint) was absolutely stellar! So if I had another chance to re-enter the finance sector, I think I would lean towards a tech-based MA program as the possibilities for growth in this industry are tremendous!