Discover your dream Career
For Recruiters

The Singapore technology jobs beating BofA's hiring freeze

Yesterday, Bloomberg reported that Bank of America is implementing a hiring freeze in an effort to curb costs. However, unnamed insiders at BofA said the freeze wouldn't apply to "the most vital positions...  in units that have seen revenue growth." One of the vital areas was technology, and some of those technology jobs appear to be in Singapore. 

Around 70% of the technology jobs currently open at BofA are in Singapore. The vast majority are at VP level.

Despite the hiring freeze, BofA has continued to open new Singaporean technology jobs in the past few weeks. They include Python programming opportunities for developers to work on the macro and credit trading areas of the bank's Quartz risk management and pricing system.

The roles supporting technology trading come after BofA had an exceptional fourth quarter in fixed income trading, with revenues rising 49% year-on-year. This bank said this was partly due to some epic macro trading recruitment in 2022. That may not be repeated in 2023, but trading technologists are still needed.

Click here to create a profile on eFinancialCareers. Comment ANONYMOUSLY on articles and make yourself visible to recruiters hiring for top jobs in technology and finance. 

Have a confidential story, tip, or comment you’d like to share? Contact: alex.mcmurray@efinancialcareers.com in the first instance. 

Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.)

Photo Credit: Dall-E

author-card-avatar
AUTHORAlex McMurray Editor

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Recommended Articles
Recommended Jobs
Spring Professional Singapore
IT Program Manager - perm in SG Banking
Spring Professional Singapore
Singapore
Edgworth Partners
Private Equity Analyst (Tech and Healthcare Focus)
Edgworth Partners
London, United Kingdom
Mason Blake
Global Equity Analyst
Mason Blake
London, United Kingdom
Edgworth Partners
Private Equity Associate - Direct Lending Fund
Edgworth Partners
London, United Kingdom
Goodman Masson
Fintech M&A Associate - US boutique
Goodman Masson
London, United Kingdom

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.