Operations and technology aren’t among the most stable parts of banking in Hong Kong and Singapore.
Meanwhile ops and techie candidates in Singapore and Hong Kong face a tough search for work, with many forced to take on contacting positions.
By contrast, candidates in the same sectors in Shanghai are in a strong position in the job market, according to figures from the eFinancialCareers database.
We compared the amount of Shanghai-based vacancies to the number of local CVs on our database across 18 key finance job functions to produce the chart below.
If you’re in one of the sectors towards the top of the chart your job search will in theory be comparatively straightforward as you will face the least competition from other candidates.
Shanghai-based IT and operations professionals, for example, are only up against three other people per role on average.
As we reported earlier this year, BAML, Citi, Morgan Stanley, Standard Chartered and UBS are among the banks building their technology and back-office functions in China, although not all these jobs are in Shanghai.
Meanwhile, the candidate pool in both sectors is limited in Shanghai, say recruiters. Banks face growing competition for talent from Chinese technology giants like Alibaba and Tencent.
Our table also shows that compliance and risk professionals – at four and five CVs per vacancy respectively – are still in demand in Shanghai.
The Chinese government continues to liberalise the finance sector, while at the same time stepping up its anti-corruption drive – both trends mean banks must keep their compliance teams well stocked.
The front-office is also represented in the upper reaches of our table. For example, there are nine candidates on average for every M&A job in Shanghai– a comparatively low number.
China became the biggest acquiring nation in global cross -border M&A for the first time ever in a first nine-month period, with volume reaching a new annual high of $173.9bn, up 68% on the previous record of $103.2bn in 2015, according to Dealogic figures.
Image credit: Yongyuan Dai, Getty