Why these three job functions are hot in the second half
Credit analysts
Credit analysts with local market knowledge are needed in residential and commercial banking as business and corporate lending picks up, says Jane McNeill, senior regional director of Hays Banking. There is demand for analysts to support sales teams, evaluate loan requests or debt issues, and ensure transaction approval. Firms are recruiting not just for temporary staff, but for temporary-to-permanent and permanent roles as well.
"Employers are typically looking for candidates who have local experience in credit decisions, an ability to accurately process a high number of applications, strong analytical and problem-solving skills, good communications skills and commercial acumen. Candidates with experience in complex applications are also sought," says McNeill.
Fund accounting and analytics
There has been considerable legal change within investment accounting, most notably the new TOFA (Taxation of Financial Arrangements) legislation. Employers are seeking experienced fund accountants who also understand tax principles, says Ben Shields, business projects manager, Ambition. Projects that were put on hold during the GFC are being restarted, causing an upswing in demand for contractors with specialist skills such as unit-pricing process controls.
With more fund managers outsourcing their fund accounting divisions, custodians are reviewing their operational capabilities and aggressively competing for these significant contracts, adds Shields. "There have been some key business-leadership appointments and a noticeable flight to quality, with a willingness to compete on all levels for the best talent in the market."
Wealth advisory
The major banks, financial planning firms, retail stockbrokers and foreign private banks have been active recruiters in this sector so far this year, and their hiring is set to remain strong, according to Luke Heath, chief executive of Chandler Heath Executive Recruitment.
"Wealth advisers with transferable client books are especially in demand. Some firms have paid sign-on and guaranteed bonuses, and high first-year base salaries to attract advisers. High calibre desk assistants, associate advisers and strategic financial planners will also be hired to support adviser growth."
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