What are the most in-demand jobs in banks?

You could call them the Magnificent Seven. The key roles that are most in-demand, according to recruitment firm Randstad Singapore. Understandably, they are also seeing some of the healthiest salary rises in the industry.

While most industries are going through a tech talent crisis, the seven roles aren’t solely technology-focused. They include Know-Your-Customer (KYC) analysts, account documentation support, regulatory compliance specialists and trade finance operations.

The remaining roles are regulatory reporting, assistant relationship managers, along with project managers and business analysts. Out of the seven roles, project managers and business analysts are paid the highest at S$8K to S$15K per month. This is mainly due to the demands of the jobs, shortage of talent in this space, as well as the complexity of the projects.

A spokesman for Randstad said: “Much of the hiring demand for contractors stems from tightening regulatory requirements, increasing number of transformation projects as well as to fill in for employees who are going on parental or sabbatical leaves.”