Finance recruitment

Finance Recruitment Overview

  • Finance recruitment involves sourcing, vetting, and placing professionals in varied roles within the Finance sector.
  • Some of these roles include financial analysts, accountants, financial advisors, and investment bankers.

Demand in Finance Recruitment

  • There is a steady demand within the finance sector for professionals who possess comprehensive understanding of financial markets, quantitative analysis, risk management, and regulations.
  • To stay competitive, finance recruiters must maintain extensive knowledge of these specialist areas and emerging industry trends.

Skills Required in Finance Candidates

  • Finance professionals need technical skills such as financial reporting, business intelligence, risk management, and audit procedures.
  • They are also expected to have soft skills like team collaboration, effective communication, and a strong work ethic.
  • In this highly regulated field, candidates must have a clear understanding of compliance and regulatory standards.

Job Advertising in Finance Recruitment

  • Job advertisements for finance roles should clearly specify the precise qualifications, technical skills, and experience requirements.
  • Posting on financial career platforms such as eFinancial Careers and City Jobs as well as LinkedIn, can help reach the right talent pool.

Finance Recruitment Process

  • The recruitment process typically includes CV screening, phone or video interviews, in-person interviews, and in some cases, assessment centres where candidates undertake relevant tasks.
  • For specific roles, such as quantitative analysts, a technical test may be required to assess candidates’ competencies.

Importance of Ongoing Financial Insight in Recruitment

  • Keeping updated with financial sector trends, legislation changes, global economic news and advancements in financial technology, is crucial for Finance recruiters.
  • This continuous learning enables Finance recruiters to provide valuable insights to both candidates and clients, and consequently, execute effective recruitment strategies.

Difficulty in Finance Recruitment

  • Finance recruiters often face challenges like a shortage of skilled candidates, competition for top talent, and the complexity of regulations and emerging sector trends.
  • Recruiters must stay connected with finance professionals and stay informed about their career aspirations, as well as maintain a visible online presence to attract potential candidates.

Impact of COVID-19 on Finance recruitment

  • The COVID-19 outbreak has accelerated digital transformation within the finance sector, increasing the demand for tech-savvy finance professionals.
  • As a large number of finance workers transitioned to remote-working, recruiters had to adapt their recruitment strategies to include assessment of candidates’ capabilities to work effectively from home.