Singapore risk management – 2024 year end market update
The risk management industry in Singapore is witnessing notable changes and shifts both in recruitment and salary trends.
As we slowly close off 2024 and reflect on a year of economic challenges and opportunities, the corporate governance recruitment landscape in Singapore remains dynamic as organizations navigate regulatory shifts, technological advancements, and sustainability imperatives. While the pace of hiring has moderated compared to previous years, demand for niche expertise continues to grow across key areas such as risk management and sustainability.
The push for sustainability has intensified as Singapore introduces stricter climate-related disclosure requirements for listed and large non-listed companies by 2025 and 2027, respectively. Organizations are seeking experts in ESG reporting, carbon management, and climate risk integration to meet these demands. The focus on environmental accountability is creating opportunities for professionals skilled in bridging sustainability initiatives with financial and operational goals.
With rightsizing activities slowing down, many companies are prioritizing replacement hiring over expansion. However, the competitive landscape for talent remains challenging. Hiring managers are particularly struggling to secure professionals who possess both traditional corporate governance expertise and adaptability to technological advancements, such as AI and data integration in compliance processes. Singapore’s push for digital transformation further amplifies this demand.
Beyond traditional governance roles, there is growing interest in roles focused on hybrid risk and compliance for digital assets, green finance, and cybersecurity risk management. As Singapore solidifies its position as a hub for innovation and sustainability, professionals with cross-functional skills are poised to thrive in this evolving market.
In the risk management and corporate functions sectors, we are currently working with a diverse pool of experienced candidates across key areas, including operational risk, business continuity management, technology risk, market risk, quantitative risk, credit risk, sustainability/ESG, and internal control and audit.
Our deep expertise in these sectors allows us to offer tailored, market-specific solutions to meet your hiring needs. Whether you’re looking for niche skill sets or broader leadership capabilities, we have the talent and market insights to support your goals.
If you are looking to hire a risk management professional for your company, please don’t hesitate to submit a brief. Alternatively, if you are looking for a new opportunity, please contact one of our specialist risk management search and recruitment consultants listed below.
