Asia Pacific Compliance Market Update: 2024 Trends and Insights (H2)

The Asia Pacific Compliance job market in the Financial Services sector is experiencing significant changes in 2024. Major banks are focusing on India and the Middle East, causing a fluctuating hiring outlook in Singapore and Hong Kong, with Singapore seeing a notable decline. Despite overall market caution, sectors like Private Banking and Hedge Funds are thriving, while firms increasingly seek junior compliance professionals to meet regulatory demands, with Singapore facing challenges due to rising living costs and higher salary thresholds for foreign workers.

Hiring processes are lengthening as employers seek candidates with specific skills and motivation, with Singapore seeing tempered wage expectations compared to Hong Kong. Firms are investing in technology to boost efficiency rather than expanding human capital, reflecting a strategic approach to hiring amid market recalibration.