There are only a few months left before the big digibank reveals and full digital banks Grab-Singtel and Sea clearly speed up their recruiting process.
A look at their career sites revealed at least 90 jobs located in Singapore.
Grab-Singtel and Sea were awarded by Singapore’s central bank for running full digital banks last year.
Grab-Singtel announced in December of last year that it would set up a dedicated team and fill around 200 positions by the end of this year. He said he would harness data and technology to redefine the way financial services are delivered.
The consortium also said that its digibank aims to help young SMEs, concert workers and micro-SMEs to gain access to transparent and convenient financial services for their day-to-day operations.
For Sea, he said he wanted to meet the financial needs of young consumers and SMEs to stimulate the digital economy.
Full digital banks are banks that operate entirely online without any physical infrastructure, such as a bank branch. They are authorized to receive deposits from customers.
We take a look at the digibank job postings that Grab-Singtel and Sea offer and how they differ from traditional banks.
At least 20 engineer positions currently available
There are at least 11 engineering roles, such as Senior Data and Software Engineers, Senior Network and Security Engineers at the Grab-Singtel career site.
The group is also hiring software engineers for the backend, Android mobile and iOS.
A software engineer for the iOS platform, for example, needs to work closely with teams – in product, UX / UI, and backend departments – to design, build, and extend new products and features for consumers.
The software engineer must also monitor the performance of the applications live and continuously improve them.
Senior engineer positions are also open for database engineering, test automation and site reliability engineering.
At sea, there are at least 10 engineering jobs for its digibank.
This includes the roles of a systems operations engineer, a network engineer, and a security engineer. It is also recruiting IT positions for operations and service. The link to the career site is here.
With digibanks hiring an army of engineers to bolster their online platforms, banking sites are expected to be digitally efficient, with smooth processes and a quick bug or issue resolution rate.
Banking apps are also expected to be on Android and iOS platforms. This means that customers will be able to meet most of their banking needs from their smartphones.
Numerous data analyzes, research roles
Grab-Singtel is also recruiting at least five data-related positions for its digibank.
This includes those responsible for data analytics and data science, as well as a senior data analyst, chief data engineer, and data scientist.
A role as a data scientist at Grab-Singtel will create predictive models using a mix of traditional machine learning and analytics methods. He or she may also validate models on new data sets, depending on market performance.
Grab is also stepping up its research and analyst functions, such as risk analysts.
There are also other research roles such as Balance Sheet Analysis and Forecasting Specialist and Capital and Liquidity Reporting Specialist.
Data is a critical asset for digital banks as it ensures automated customer onboarding processes. It also reduces the need for additional clicks or inputs from the customer when banking from their mobile phone.
By leveraging the data and information provided, digibanks can deliver fast processes. For example, improving the processing time of backend decisions and issuing loans and payments to customers and SMEs.
Several main roles, from loan / credit operations to settlements
There are at least 10 lead roles for Grab-Singtel.
This includes managers for settlement transactions, cards and unsecured loan transactions, and customer support.
For Sea, there are currently no vacancies in the banking backend.
Roles of people such as human resources manager, services and payroll
Grab-Singtel is also recruiting staff for human resources and payroll services, as well as legal counsel to cover corporate and governance issues.
This means that the Grab-Singtel digibank will likely operate with its own internal HR and legal support.
Roles of Chiefs and Directors General
Leadership roles are also up for grabs.
For Grab-Singtel, he is also looking for a risk manager, an audit manager, a compliance manager and an investment and insurance manager.
There is also a Deputy Director of Anti-Money Laundering (AML) who will be responsible for identifying, analyzing and interpreting trends or patterns in complex data sets to improve efficiency. AML policies and processes.
New digibanks offer more jobs and financing options
Grab-Singtel had said the consortium would create more opportunities for Singaporeans to take on tech and fintech-related roles, and train and equip them with required cybersecurity and security skills. information, science and data analysis as well as technology. engineering.
The consortium also said that digibank is a natural extension of Grab Financial Group as well as Singtel’s mobile financial business, with the aim of enabling wider access to financial services.
As for Sea, the group said it is already deeply integrated into Singapore’s digital economy through its three platforms Shopee, Garena and SeaMoney. Its digibank will draw on information about the needs of these users across Sea’s digital ecosystem to innovate in processes, products and services.
Both digibanks are expected to offer financial services in the areas of payments, insurance, loans and investments and are expected to be officially launched in early 2022.
Featured Image Credit: Vulcan Post
Our sincere thanks to