Yesterday, Bloomberg reported that Financial institution of America is implementing a hiring freeze in an effort to curb costs. Nevertheless, unnamed insiders at BofA mentioned the freeze would not apply to “probably the most very important positions… in models which have seen income progress.” One of many very important areas was know-how, and a few of these know-how jobs seem like in Singapore.
Round 70% of the know-how jobs at the moment open at BofA are in Singapore. The overwhelming majority are at VP stage.
Regardless of the hiring freeze, BofA has continued to open new Singaporean know-how jobs prior to now few weeks. They embrace Python programming alternatives for builders to work on the macro and credit score buying and selling areas of the financial institution’s Quartz danger administration and pricing system.
The roles supporting know-how buying and selling come after BofA had an distinctive fourth quarter in fastened earnings buying and selling, with revenues rising 49% year-on-year. This financial institution mentioned this was partly attributable to some epic macro buying and selling recruitment in 2022. That is probably not repeated in 2023, however buying and selling technologists are nonetheless wanted.
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