Potential Move to Singapore - Looking for Job Opportunities In Banking

[Tiber]

Hi,
I currently live in the UK and will be visiting Singapore in the 1st week of June to step up my job search. Does anyone know what the job situation is for Fixed Income banking roles.
Who are the main hirers in the banking field?
What are the Visa requirements for securing work in Singapore?
Any useful contacts/head hunters would be most appreciated.

Also how are the nurseries/nannies service and are they expensive?

Thanks

[ecureilx]

If you are coming from UK, it would be better to start your search from UK .. start off with the British banks which have presence here .. BarCap, HSBC and RBS ..

Visa: if you do some search, you will find out that either you can get a PEP (google MOM PEP) .. if you qualify, or the common approach, for those who don't qualify for PEP - employer applies for EP.

Your primary concern should be to find a job .. and an employer who will apply for EP

Singapore doesnt' allow self sponsoring of Employment pass.

For headhunters, do google - you can find a load ..

What is the description of Fixed Income Banking role ? I am a bit lost there ..

[Jimmy1978]

Agreed. You should start off with HSBC, RBS etc. Then move on to the local banks like DBS, POSB, OCBC, UOB..at the same time, try private banks too like bank of singapore.

Visa: Visit the singapore immigration website and their Ministry of Manpower (MOM) site to find out which visa you qualify for. If i'm not mistaken, there is a minimum income criteria.

Headhunters: 6557 4655 (Morgan McKinley), Kerry Consultants etc

Are you in private banking, fixed assets, trading?

Are you looking for part time nanny? or live in nanny? In singapore, it is common to employ live in maids and they cost from $350 to $600 a month depending on how generous you are.

[ecureilx]

Jimmy1978: I would tread carefully, re: part time nannies.

Part time nannies, unless they are PR or Singaporeans, are ILLEGAL .. if employed from other households .. I wouldn't want to see somebody sent packing home for employing illegal part time nannies .. (I meant the nannies - if caught, they are deported .. )

[Jimmy1978]

Originally Posted by ecureilx

Jimmy1978: I would tread carefully, re: part time nannies.

Part time nannies, unless they are PR or Singaporeans, are ILLEGAL .. if employed from other households .. I wouldn't want to see somebody sent packing home for employing illegal part time nannies .. (I meant the nannies - if caught, they are deported .. )

Appreciate it ecureilx. I didn't know about that. I know that if maids moonlight, they get deported and if the family that hired them was foreigner..their visa/pass gets revoked straight away.

[WonderLust]

Originally Posted by Tiber

Hi,
I currently live in the UK and will be visiting Singapore in the 1st week of June to step up my job search. Does anyone know what the job situation is for Fixed Income banking roles.
Who are the main hirers in the banking field?
What are the Visa requirements for securing work in Singapore?
Any useful contacts/head hunters would be most appreciated.

Also how are the nurseries/nannies service and are they expensive?

Thanks

Regarding childcare
Play Schools

Age of child: 18 months to 3 years
Time: up to three hours care daily
Cost S$ 500+/mth

Child Care Centers/Kindergarten
Age of child: 18 months to 6 years
Time needed: Full-day, half- day
Cost: S$ 250 - 700/mth

The above information is taken from Child Care Information Service Hotline Ministry of Community Development and Sports (MCDS)

After which if you decide to stay in Singapore, your child will be going to Primary School at age 6. Local school Price for that will be $2,900 - $4,300+ per annum

Hope this helps!

[ecureilx]

Originally Posted by Jimmy1978

Appreciate it ecureilx. I didn't know about that. I know that if maids moonlight, they get deported and if the family that hired them was foreigner..their visa/pass gets revoked straight away.

well, not so bad .. the maid gets deported, or warned .. the employers generally forfeit their 5,000 $ bond .. and banned from employing maids for x number of years

[Tiber]

Thank you all for your replies...very useful info. Ecureilx - I am in fixed income (Gov't & corp bonds) sales, but happy to do anything within financial markets. However have realised that regardless of experience you also need alot of luck. Currently trying to arrange meetings...not easy.
Childcare/nannies and schooling cost sounds reasonable, intially would have a live in nanny - are there other costs to consider with live in nannies?

[ecureilx]

A quick reply: there are no live-out nannies, unless you chose an illegal one ..

Look up MOM -for FDW basic recommended pay, levy and expenses .

[Tiber]

Will do, thanks...