Notably, Management Occupations jobs accounted for a 30% share of the Asia-Pacific banking and payments industry’s total new job postings in Q4 2023, rise 3% over the prior quarter.

Management Occupations drive banking and payments industry hiring activity

Management Occupations, with a share of 30% new job postings, was the occupation with the greatest hiring activity in the Asia-Pacific banking and payments industry in Q4 2023 , ahead of Computer and Mathematical Occupations with a 14% share of new job postings.

The other prominent roles included Business and Financial Operations Occupations with an 11% share in Q4 2023, Office and Administrative Support Occupations with an 8% share and Sales and Related Occupations with a 2% share of new job postings.

Top five companies accounted for 35% of hiring activity

Kotak Mahindra Bank posted 7,379 jobs in Q4 2023 and registered a growth of 28% over the previous quarter, followed by HSBC with 3,539 jobs and a 10% growth. Citigroup, with 2,176 jobs, and JPMorgan Chase & Co, with 1,719 jobs, recorded a 220% rise and a 30% rise, respectively, while DBS Bank recorded a 61% decline with a 1,708 new job postings during Q4 2023.

Regional analysis of hiring in the Asia-Pacific banking and payments industry, Q4 2023

India held the leading share of the Asia-Pacific banking and payments hiring activity with a 52.21% share, a 9% increase over Q3 2023. Australia was next with 8.34%, four-percentage-point up over the previous quarter.

For further understanding of GlobalData's Banking & Payments: Hiring Trends & Signals Q4 2023, buy the report here.

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