Market Risk Analyst in demand?

[cruyff_fan]

Hi,

i'm new to this forum. Just a little about myself, I am a 29yr old chinese male Canadian with 3yrs market risk experience at a major US bank. I am also a CFA Level II Candidate. I've lived in toronto practically my entire life and will be moving to Singapore in a few months to start a new life with my wife. I have some concerns about finding a job in singapore even despite learning From forums and other various websites that risk and compliance jobs are in high demand in SG.

So i've got a few questions and was wondering if anyone could shed some light here?

1) are the financial institutions in SG hiring foreigners like me?

2) And if so, are they offering salaries consistent with what i'm seeing on the hudson salary statistics (75-100k sgd for an associate in market risk)? or are these figures for the PR, locals?

thx

[Mad Scientist]

Are you coming under Dependent Pass of your wife Employment pass or are you married to a local and will be getting Long Term Visit Pass stay in SG

Not enough info

[beirnes]

I will be moving to Singapore very soon to take up a trading role in a large Intl Bank. I am a CFA chartholder & it seems to me that there is a demand for suitable qualified investment professionals in Singapore. I'd advise u to check Efinancialcareers & sort under Singapore of else contact one of the recommended recruiters or headhunters. I used ALS recruitment personally & found them very helpful. Your salary expectations don't seem too aggessive either.

[cruyff_fan]

Hi Mad Scientist, my wife and I are Canadian citizens (also chinese descent) and we plan to apply for EPEC. If we do find one a job, I am assuming we apply for the P2 employment pass (since the criteria fits our salary expectations, job profession, the university we graduated from). She is also a finance professional. She has her CFA and is looking for work in the fund management area.

beirnes, thanks for your tips. May I ask you how you found your job?

[Mad Scientist]

Hi Mad Scientist, my wife and I are Canadian citizens (also chinese descent) and we plan to apply for EPEC. If we do find one a job, I am assuming we apply for the P2 employment pass (since the criteria fits our salary expectations, job profession, the university we graduated from). She is also a finance professional. She has her CFA and is looking for work in the fund management area.

Apply for EPEC first then come over here to hunt for job. If your skillset is in demand, you will have no issue to find a job. Having said that, there are quite a number of locals with your set of skillset. Given that the locals are preferred to foreigners , you will be hard press to land a job now with the GE looming. But hey , please do not let us stop you from looking for one, you never know you will land a job here. Just do not be over confident as things are not that rosy for foreign talent.

[accumulator]

Hi guy,

Just my 2 cents. CFA or FRM is very common here.

[cruyff_fan]

thank you all for your replies. Just handed in my resignation letter and will be unemployed in 2 wks. Wish i could go the easy route and find a job in SG within my employer but they only have fund accounting and IT positions here. Anyways, listing my condo up for sale and once that is sold, and my EPEC is approved then i'm off to Singapore! theres definitely alot of risk but you know what they say, "with great risks, comes great return". Will keep you folks posted how this turns out.

Cruyff fan

[JayCee]

"with great risks, comes great return".

Erm yeah, I think the financial crisis put a few nails in the coffin of that theory

Anyway, I wish you luck in your job search, I'd recommend checking out sites such as jobserve and efinancial careers to see if you can possibly get a job before you arrive (it is possible, many people have done it including myself). I personally know of a couple of banks which are ramping up their hiring in Market Risk IT considerably and I can't imagine they'd be doing that if their business wasn't growing