Jobs in Financial Services Sector

[aparnashekar]

Hi guys,

I have been offered a job in Singapore and still in process of accepting it.

My husband works in the financial services sector here... he is actually with a MCN Bank in Mumbai. We are looking for a transfer through his current employer. Incase that doesnt work out, we are wondering whether I should accept the job.

- Will be able to find a job in Singapore .. if i move and he can come down and job hunt
- He has experience in corporate banking, trade finance, global transaction services with reputed banks
- Is PR a must for him to apply for jobs?
- If i move and apply for a PR, will he get one incase he is still working in India.. (as a dependent)

What are the chances of him landing a job.

I dont want to be stuck in a position where he doesnt move and I have to quit and get back to India.

Any advice will help

Aparna

[sq009]

Hi guys,

I have been offered a job in Singapore and still in process of accepting it.

My husband works in the financial services sector here... he is actually with a MCN Bank in Mumbai. We are looking for a transfer through his current employer. Incase that doesnt work out, we are wondering whether I should accept the job.

- Will be able to find a job in Singapore .. if i move and he can come down and job hunt
- He has experience in corporate banking, trade finance, global transaction services with reputed banks
- Is PR a must for him to apply for jobs?
- If i move and apply for a PR, will he get one incase he is still working in India.. (as a dependent)

What are the chances of him landing a job.

I dont want to be stuck in a position where he doesnt move and I have to quit and get back to India.

Any advice will help

Aparna

Banks in Singapore are recruiting heavily as singapore is transforming into a financial hub, so no problem with that. However your husband will need to take certain examinations to join the financial line in singapore. And Yes he needs to be a PR if he is joining as a consultant with an exception of certain jobs that dont require citizenship (eg. Visiting consultant, or consultant on a contract) Your husband have to be physically in Singapore to have PR, even for EP holders u gotta be in singapore for at least 180days. So gotta take that into consideration.

Hope this helped

[LBS03]

Hi,

I think it is an interesting situation! The banking sector is buzzing no doubt about that. Also, your husband's experience are in areas, which are in my opinion, 'almost always' in demand. Having said that, in general finding a new job is always unpredictable and time consuming. However if his experience is as good as you make it out to be and he is reasonably good at interviews he should have a good shot.

Also, assuming he focuses on the transaction banking space - there are only about 8-12 banks in Singapore that I would imagine he would like to work for. Given the small target sample, I think investing as little as 1-2 months in Singapore would be enough to know where he stands.

It all boils down to your risk profile and how keen both of you are on the Sg adventure. Good luck with whatever you choose to do.

Re PR:

- I don't think one needs PR (or for that matter anything other than one's CV) to apply for jobs. Once one gets the job, rest of the paperwork needs to follow. Most good Banks should have qualified people to advice on this

- Re dependent pass, I think the spirit behind it is that the dependent would be staying with the main applicant. However, not sure about the subtleties. Why don't you check out MOF's web-site and they also have a hotline for questions i believe (not sure!).

Cheers.

[aparnashekar]

Thanks for the advice and vote of confidence..

Incidently, he works with DBS Bank here and our first hope is a transfer. If not, we will apply with other banks there.

Lets see ; )

Will keep youll posted.