Have you racked up some experience at a Big Four firm in Singapore? Do you now want to put your skills to use in an audit, product control or even risk/compliance team at a global bank in the city state?
It pays to know where to send your CV – some banks are keener on candidates like you than others.
We worked out the Singapore headcounts of 13 major banks via the number of their staff who have online profiles.
Then we calculated the percentages of externally-hired employees within these local workforces who have previously been Big Four employees.
The figures in the table below only reflect people who have public profiles, but they do suggest which banks have the most Big Four-friendly hiring.
On average, 5% of employees at global banks in Singapore have a Big Four background – and several banks are clustered around his mark.
At nearly 8%, however, Standard Chartered boasts the largest proportion of former Big Four employees.
The bank has been making big cuts to its management ranks over the past year and moving some Singapore back-office functions to its Scope International operations and tech hub in Malaysia.
But Singapore remains its main middle-office base and it’s still building its audit, risk and compliance teams in the Republic, say recruiters who work with the bank.
The Stan Chart result stands in marked contrast to that of Citi – another foreign firm with a huge Singapore presence – whose ex-Big Four workforce is only 2.2%.
Somewhat surprisingly, Goldman Sachs takes second spot in our table, reflecting the fact that its Singapore headcount is skewed towards governance roles.
Big Four candidates might want to avoid applying to Societe Generale, which brings up the rear of our ranking.
The French firm, which uses Hong Kong for its Asian headquarters and has a comparatively small Singapore headcount, is focusing its hiring on front-office functions such as project finance and fixed income, Pascal Lambert, SocGen’s country head for Singapore, told us in June.
Which of the Big Four supplies the highest proportion of staff to Singapore banks? EY. On average, 1.8% of all bank employees once worked there.
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