31 Mar '17, 2am

Why nobody wants to work as a banking accountant in Singapore

If you know anything about accounting jobs at banks, you’ll know that most of them go to so-called ‘product controllers’ – the people who keep track of the profit and loss made on banks’ trading desks. In Singapore, these accountants in banks are increasingly concerned about their jobs. Product controllers in Singapore are worried that still more roles will be offshored away from the Republic in the near future. As a result, experienced candidates are in short supply. Apply now and you won’t face much competition, but your job may not last for very long. Product control was one of Singapore’s hottest banking functions from 2005 to 2010 as firms such as Barclays, Credit Suisse and Standard Chartered moved jobs away from Europe and into Singapore. Earlier this decade, as local operating costs rose, the same banks offshored hundreds of lower-level PC positions from Singapore ...

Full article: http://news.efinancialcareers.com/sg-en/213501/why-nobody...

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