Singapore Banking Jobs 2026: Skills, Salaries & Hiring Trends Every Professional Should Know

This article is written in English for international readers in Singapore. Chinese and Japanese translations are available on our website.

Singapore Banking Jobs 2026: Skills, Salaries & Hiring Trends Every Professional Should Know

Singapore’s Banking & Finance sector is entering 2026 with renewed energy. Despite global economic uncertainty, the financial industry remains one of Singapore’s most stable and strategically important employers. In particular, demand for mid–senior talent in Risk, Regulatory Compliance, Finance, Treasury, Internal Audit and Transformation continues to rise — driven by MAS regulations, digitalisation, cost controls and increased scrutiny on governance.

Whether you are a job seeker planning your next move or an employer shaping your hiring strategy, this report covers the most important trends to watch in 2026.

🔹 1. Hiring Demand in Banking & Finance Is Shifting — Here’s Where Jobs Are Growing

Based on Reeracoen’s placement data, Singapore labour market insights and APAC-wide survey findings, the hottest hiring areas for 2026 include:

1. Risk Management — The Strongest Growth Area

Risk functions continue to expand as financial institutions strengthen governance. Key roles include:

• Credit Risk (Corporate, SME, Wholesale banking)
• Market Risk (Liquidity, VaR, stress testing)
• Operational Risk (Internal controls, governance frameworks)
• Fraud Risk & Transaction Monitoring

Why demand is growing:

Changes in global markets and stricter MAS guidelines have pushed banks to increase oversight in liquidity, compliance and operational resilience. This has created sustained hiring momentum across entry, mid and VP-level talent.

2. Regulatory Compliance — High Mobility & High Salary Growth

Compliance is one of the most talent-short areas in Singapore’s financial sector.

Key focus areas for 2026:

• AML/KYC/CDD
• Financial Crime Compliance
• MAS Reporting & Regulatory Advisory
• Licensing (CMSL/PSA) compliance

Why it matters:

Every year, MAS tightens expectations around governance and customer due diligence. As a result, compliance salaries have risen faster than most other B&F functions.

3. Finance & Treasury — Stable Demand Across Banks

Hiring remains resilient for:

• Finance Analysts & Managers
• Product Control
• Liquidity & ALM roles
• Treasury Operations

While these functions are not expanding as aggressively as Risk or Compliance, they continue to be essential and are increasingly hybrid-enabled.

4. Internal Audit, Governance & Transformation

Internal Audit demand is steady, especially for:

• Audit specialists with regulatory or technical audit background
• Controls testing managers
• SOX & governance professionals
• Transformation/change roles (automation, workflow redesign)

These roles are crucial in strengthening the Bank’s second and third lines of defence.

🔹 2. Singapore Banking Salaries 2026 — What Professionals Can Expect

Based on Reeracoen’s Salary Guide and hiring data, these are the median salary ranges for 2026.

Risk & Compliance

Level	Monthly Salary (SGD)
Analyst	4,000–5,800
Manager	7,000–9,500
Senior Manager	10,000–13,000
VP	14,000–22,000

Finance & Treasury

Level	Monthly Salary (SGD)
Analyst	4,000–5,000
Manager	6,500–8,500
Senior Manager	8,500–12,500
VP	13,000–18,000

Internal Audit

Level	Monthly Salary (SGD)
Analyst	4,500–6,000
Manager	7,000–10,000
Senior Manager	10,000–14,000

⭐ Key insight:

Risk & Compliance salaries are expected to rise 8–12 percent in 2026 — the highest among all B&F job families.

🔹 3. The Skills That Will Define Banking Careers in 2026

Professionals with the following skills will see the highest job mobility and salary growth:

Technical Skills

• Regulatory interpretation (MAS, Basel III)
• AML/KYC/EDD frameworks
• Liquidity management (LCR, NSFR)
• Finance modelling & product control
• Fraud risk & analytics

Digital & Transformation Skills

• SQL / Python (for data-driven roles)
• Automation tools (RPA, Alteryx)
• Workflow optimisation

Soft Skills

• Stakeholder management
• Communication with regulators
• Cross-border collaboration
• Problem-solving & governance mindset

🔹 4. What Banking Professionals Want in 2026

Top 5 Candidate Priorities:

1. Salary increments (12–20 percent)
2. Clear and structured career progression paths
3. Hybrid work flexibility
4. Strong leadership and ethical culture
5. Training in digital tools, regulatory updates and risk practices

Notably:
🔸 40 percent of candidates reject offers due to unclear progression.
This is now the #1 deal-breaker in middle-office roles.

🔹 5. What Employers Must Do to Stay Competitive

If companies want to attract strong finance talent in 2026, they should consider:

1. Accelerating hiring timelines
B&F candidates often receive offers within 2–3 weeks.

2. Offering clear salary bands and performance metrics
Transparency increases offer acceptance.

3. Providing hybrid work flexibility
Most professionals expect 1–2 days WFH.

4. Investing in training
Digital skills, risk frameworks and compliance certifications are highly valued.

5. Using regional talent pipelines
Japanese, Vietnamese and Thai bilingual professionals remain in demand.

🔹 6. How Reeracoen Supports Employers in Banking & Finance

Reeracoen specialises in recruiting across:

• Risk
• Compliance
• Finance & Treasury
• Internal Audit
• Operations & Transformation
• Corporate & Investment Banking

We provide:

• Targeted headhunting
• Market salary insights
• Cross-border bilingual talent
• Fast shortlist delivery
• Confidential searches

 

Frequently Asked Questions (FAQ)

1. Which Banking jobs are most in demand in Singapore in 2026?

Risk, Compliance, Treasury, Product Control and Internal Audit.

2. Are salaries increasing in Banking?

Yes — Risk & Compliance see the strongest growth (8–12 percent).

3. Is hybrid work common in Banking?

Yes, most banks offer 1–2 days WFH, especially for back- and middle-office functions.

4. What do Banking professionals look for in new roles?

Salary growth, progression, hybrid work and leadership culture.

5. How can companies attract Banking talent?

Shorten hiring processes, provide clear salary bands, and offer career development.

 

If your organisation is planning to hire in 2026, our Banking & Finance specialists can support you with targeted shortlisting and market insights.
 👉 Contact us here to speak to our specialists.

If you are exploring your next move in Banking & Finance, speak with our consultants for personalised career advice.
 👉 Connect with our career consultants to explore current opportunities.

 

✅ Final Author Credit
By Valerie Ong (Regional Marketing Manager)
Published by Reeracoen Singapore — a leading recruitment agency in APAC.

 

🔗 Related Articles 

• Stronger Than Expected: What Singapore’s Q3 2025 Labour Market Means for Companies and Workers
• Upskilling in the Age of AI & Green Jobs
• Beyond Salary: Unique Employee Benefits in Singapore That Attract and Retain Talent

⭐ References

• Ministry of Manpower Singapore, Labour Market Reports
• MAS Regulatory Updates 2024–2025
• Reeracoen Salary Guide 2025 (Singapore)
• Reeracoen × Rakuten Insight — APAC Workforce Whitepaper 2025
• Reeracoen Singapore Hiring Manager Survey 2025–2026

 

 

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