fx operations- from Aus

Discuss about getting a well paid job or career advancement. Ask about salaries, expat packages, CPF & taxes for expatriate.
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ausfxbanker13
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fx operations- from Aus

Post by ausfxbanker13 » Sun, 12 Feb 2012 7:48 pm

Hi all
looking into pursuing a career in Singapore... I am from and currently in Australia, have a degree in Commerce (major in Accounting). I have 6 years experience working for one of Aus leading banks in FX operations. Im after information on how i go about getting a job- apply directly to Singapores leading banks thru their website or job sites? packages to expect? my current package is around $80k. should housing be paid by the employer or taken from your salary? what are the working conditions like?

thanks guys, loving the forum and any responses appreciated.

The Ref
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bad news

Post by The Ref » Sun, 12 Feb 2012 8:26 pm

The old days of the expat package with hosing allowances are long gone, unless your company asks you to come here for a 2 year stint :( .

There are far more banking opportunities in Singapore, but there is also far greater competition for positions. Unless you have front office experience you will be competing against far more people for positions than you could imagine, in an economy where banks are laying off staff.

Singapore working culture involves far more hours than Australia. In saying that, the productivity per hour is not quite the same, but the expectation is for longer hours.

If you want to get a job in Singapore I suggest directly contacting some of the recruiters that specialise in Banking.

TFNG
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Forget about looking from OZ ...

Post by TFNG » Mon, 13 Feb 2012 9:18 pm

No firm or head hunter is going to consider you unless you are in SG. Sorry to dash your hopes, it is just reality.

Everyday people with experience working in finance are arriving in SG because they were layed-off in TKY, HK, NY, or LDN. They mistakenly believe they will be able to find a job. There is now an oversupply of financial professionals in SG. You need to be very experienced, very senior, have skills that are in demand, or just very lucky to get a good job in finance now.

If you really want to work in SG, try to get your company to send you here.

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