Global recruitment firm Randstad shares Singapore’s top contract jobs in the financial sector as companies in the city-state adopt a more short-term approach to hiring due to ongoing economic restructuring.

Tightening regulations and ongoing industry disruptions are leading to more short-term, contract-based hiring in Singapore’s financial sector, according to a recent Randstad Singapore report titled «Most-in-Demand». The number of resident employees in such jobs increased 7.2 percent year-on-year, compared to 6.4 percent in 2017.

The report highlighted the top seven contract roles which include: KYC (know-your-customer) analysts; account documentation support; regulatory compliance specialists; trade finance operations; regulatory reporting; assistant relationship managers; project managers; and business analysts.

«Much of the hiring demand for contractors stems from tightening regulatory requirements, increasing number of transformation projects as well as to fill in for employees who are going on parental or sabbatical leaves,» Randstad said.