This document discusses opportunities in the finance sector in Singapore and how to position oneself for them. It notes that while some large banks have cut staff, there remains demand in areas like risk management, insurance, and wealth management. New jobs are emerging in technology, operations, digitalization, risk/compliance, and wealth management. To take advantage of these opportunities, one should obtain technical certifications like CFA or finance qualifications, build a network, and look for potential Brexit-related opportunities at financial institutions moving operations to Singapore. The document provides contact information to discuss enhancing employability with finance certifications.

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Bright Sparks in the Finance Sector - How you can position yourself for it?
22 Sept 2017
ANG Kar Wee
AB Maximus

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PUBLISHED
SEP 27, 2016, 5:00 AM SGT
About 1 year ago….
1. ANZ Banking - 300 staff in Singapore
2. Barclays - 100 jobs in Singapore;
3. Standard Chartered- 10% of its workforce in Singapore, 15,000 jobs globally;
4. HSBC - hiring freeze and streamline its operations by cutting close to 14% of its S$52
billion operational costs

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The rules have changed…
10 most important issues facing financial institutions (PWC US report)
1 Artificial intelligence Tech
2 Blockchain Tech
3 Brexit uncertainty affecting US financial institutions Politics
4 Competition from non-traditional market players Tech
5 Cost containment Tech (indirectly)
6 Cybersecurity Tech
7 Regulatory environment Reg
8 Risk management culture, ethics, and trust Reg
9 Robotic process automation Tech
10 Search for new revenue opportunities Tech (indirectly)
5 issues are related to technology disruption and 2 issues are due to lower
barrier of entry into the finance sector due to technology.
AI and Blockchain are enablers. They will speed up the usage of more
automation, from robo-advisors to frictionless transactions.

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Where are the new jobs now?
Business Times

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Where are the new jobs now?
DBS
UOB

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Where are the new jobs now?
“There remains good demand for professionals in areas such
as risk management, insurance underwriting, and asset and
wealth management” – Ravi Menon, MAS MD

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Where are the new jobs now?
IT Technology & Operations Digitalization IT Security
Risk & Compliance Compliance Control Risk
Wealth Management Frontline RM Wealth Management Private Banking
1. LGT - still recruiting more RMs after acquiring ABN AMRO’s Asian wealth unit earlier
this year.
2. VP Bank - to double its Singapore headcount (40 headcounts)
3. EFG - keep on hiring in the Republic, having taken on BSI’s Singapore RMs last year.
4. Safra Sarasin - expanding in Asia. Poaching from UBS.
5. UBP - growing its regional headcount, fresh from its takeover Coutts International, in
2016.
Boutiques and the big boys are still hiring

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What do I need to do?
Tech certification path Finance certification path
Python CFA
R programming FRM
C++ CAIA
C# CMT
Java CFP
SQL CMA
Add skills and qualifications
Network
University networks such as alumni and career services center.
Social media and external events etc

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IBF, CFA and CAIA

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IBF, CFA and CAIA

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IBF, CFA and CAIA

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Maybe? – BREXIT opportunity

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Questions?
Enhancing your employability with finance
certifications
AB Maximus
10 Shention Way, #13-02, MAS Building
Singapore 079117
Karwee.ang@abmaximus.com
63275916
Professional Training Director