Hays Banking - July 2010
Hotspots
Risk Analytics and Quantitative Analysts are needed in response to the increased focus on this environment and the need to ensure compliance with regulations and legislations.
Corporate Credit Analysts are needed as business and corporate lending picks up, necessitating Analysts to support the sales team and ensure transaction approval.
Mortgage Operations/Equipment Finance is a growing area of demand as the increased volume of consumer and commercial lending requires support and operations staff.
Experienced Traders/Equity Research Analysts are another area of demand. Increasing confidence in the global markets has generated more trade activities in investment banking, and expansions lead to new jobs in trader and quantitative analysis.
Demand still remains within residential lending, for candidates holding a current DLA for credit approval. Team Leaders with experience managing a headcount of 25+ are also needed.
The coming quarter
We expect a peak in interim and contract roles over the coming months in response to financial year end, after which focus will return to permanent recruiting. As business and consumer confidence grows, we expect to see more investment in strategic and growth positions across the market. As banks and financial services organisations capitalise on a stabilised domestic economy, there will be opportunities to expand and grow local teams.
Executive recruitment
Projects and strategic growth drives are again a focus, with new system implementations and customer centric projects rolled out in an attempt to retain and win customers. This has meant an increase in senior level project-related roles within many organisations. There has also been an increase in job numbers for Senior Relationship Managers and BDMs across the corporate and commercial banking sector as organisations ramp up their businesses and compete for market share.
Employer trends
The major banks are again considering experienced international candidates for contracting and interim roles as the shortage of local candidates becomes evident once more in an improved domestic market. Employers are offering sponsorship to high calibre candidates.
Banks and financial services organisations are implementing attraction campaigns in major financial services centres around the world to promote and take advantage of our more stable economy.
Domestically, and also to aid candidate attraction, employers are again focusing on the benefits they can offer, both financial and non financial. We are also seeing higher salaries on offer. Consequently candidates are commanding increased packages, which was not possible over the preceding 18 months.
Candidate trends
There is a definite shortage of skilled candidates in the local market now that employers have increased their hiring levels. For their part, candidates are now far more focused on finding a role that will best benefit their long-term career aspirations, and when job hunting they want to be remunerated appropriately, not excessively. Passive candidates in particular want a challenging role.
