Banks and financial service companies are likely to actively go after talent with experience in compliance, auditing or risk management as the employers strive to comply with Japanese & global regulations.
According to recruitment experts Hays, global banks will continue to look to build stronger teams of professionals to improve their Compliance and Risk programs.
“Compliance, audit and risk will continue to dominate hiring in the banking and financial service sectors,” says Marc Burrage, Managing Director for Hays in Japan. “Global banks are giving top priority to compliance and risk control after authorities tighten rules to strengthen supervision. “
In its latest Hays Quarterly Report for April to June 2016, Hays finds that banking employers are focusing on hiring experienced professionals in compliance, audit and risk management.
“Many large global banks will look to build stronger teams of risk and compliance professionals to ensure that their operations are in compliance with the rules and regulations,” says Marc. “We see strong demand in global banks for qualified talent in compliance and audit areas.”
In order to fill vacancies, banks and financial institutions are scrambling for qualified candidates but salaries are expected to remain quite stable.
“While candidate demand will continue to exceed supply, salaries will remain fairly stable since companies still have strict headcount and budget constraints” says Marc. “Employers still expect a high quality hire and require multiple approvals so the recruitment process can be lengthy as they search for a suitable candidate who matches all their criteria at the price they can pay.”
However Hays says that high-skilled talent who meet the employers’ criteria can still achieve a good pay rise.
“Whilst employers may not be in a rush to find replacements when employees leave, they are highlighting the quality of new hires,” says Marc. “Companies are willing to spend more on capable talent to fill those positions that are vitally important to their businesses.”
Overall, Hays also says that middle-level managers with three to seven years of experience will be in short supply as many seek career moves both inside and outside of the finance industry.
“Middle-level managers are a group of professionals that will actively move as they chase new opportunities for career progression,” says Marc. “As markets change and companies alter their business focus these professionals are often considering a move for greater job stability and work-life balance.”
To read the full Hays Quarterly Report, including candidate and employer trends and future issues, please visit https://www.hays.co.jp/en/report/index.htm?ver=d
Hays, the world’s leading recruiting experts in qualified, professional and skilled people.
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