Hays Banking - January 2010
Hotspots
Financial planning, wealth management and the associated support roles for wealth managers remain prime hotspots of demand in New Zealand's banking sector.
The need for foreign exchange dealers continues to grow, with independent institutions now competing with large banks for their commercial and corporate foreign exchange business.
Demand is also strong for NZX qualified investment advisors, with a strong focus on equities experience, while sales professionals are required across the financial services market for all product ranges.
The coming quarter
Available positions largely centre on the refilling of existing business-critical roles. Contract recruitment has increased with uncertainty remaining as to the long-term need to increase staff levels.
Executive recruitment
The main requirement in executive recruitment is for candidates with strong track records in improving sales, attracting new business, and strengthening brand awareness. Executive demand is expected to increase over the coming quarter as companies adapt their strategies to the current market and take on new leaders to drive their companies forward.
Salaries
Salaries have stabilised somewhat in the banking sector following a period of instability, with candidates favouring job security over short-term financial gain.
Candidate trends
International candidate numbers have grown and New Zealanders have returned from the UK market in greater numbers. Candidate availability is particularly high across investment banking, mortgage and lending roles. These candidates will need to keep an open mind when seeking a new job.
