Three more hot jobs for the second half
A couple of weeks ago we told you why product control, back-office change management and private banking jobs will be in demand for the rest of 2010. Now let's take a look at three other favourable functions...
Control room compliance
Control room compliance and conflict clearance is an area that banks, particular in Hong Kong, are looking to hire in, says Mark Moorby, senior consultant, banking and financial services, Ambition. "This is driven by increased activity in their investment banking arms, and the importance of establishing and maintaining Chinese walls to ensure sensitive information is not passed between the advisory and sales/trading arms of banks."
Many firms are establishing Hong Kong as their Asian hub for control room compliance, part of a global network which can provide coverage to the business 24 hours a day. Although English is the main language required for these roles, Moorby says additional language skills, in particular Mandarin and Japanese, are highly sought after.
Finance Technology
There is still a consistent shortage of IT security professionals, application architects, front-office developers, business analysts and project managers in Singapore, says Kanchan Angural from ALS International. Attracting foreign talent is vital because banks are pursuing similar skill sets and the local talent pool is shallow.
"Banks poach these foreign candidates from their competitors in the market. It's often a direct lateral move where a significant increase in compensation is the core differentiating factor," adds Angural.
At a senior level, there is a significant shortage of candidates with strong business-partnering skills along with the essential technical background. "Increasingly, banks are keen to hire technology professionals with a deep understanding of the underlying business. They are thus able to bridge the gap between the technology teams and the bankers."
ECM analysts
Demand for ECM analysts is high primarily due to the rising number of IPOs listing in Hong Kong, says Jared Ng, consulting director, PeopleSearch. "In addition, most investment banks froze hiring last year and as a result the demand for good analysts has become even greater than the talent pool."
To alleviate the shortage, internal transfers from Europe and North America have become common in this job function, as has aggressive external hiring at a mid to senior level.
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