Planners in demand in banking sector
Experienced financial planners and paraplanners are among the most in-demand candidates in the banking sector for the first quarter of the new financial year, according to the latest Hays Quarterly Report.
Wealth management candidates are being sought by banks to focus on servicing high-net-worth individuals, particularly with the growth within boutique wealth management practices and a focus on providing tailored wealth management solutions to clients, the report stated.
The activity is also creating demand for support staff, in particular paraplanners, according to Hays.
Other in-demand roles are corporate actions specialists and mortgage credit analysts, as well as mortgage operations roles, client service officers and relationship managers.
To attract candidates, banks are focusing on flexible work patterns and hours to improve employees’ work/life balance, and many employers are also partnering with specialist banking recruiters to target financial planners in particular.
More employers are also offering temporary-to-permanent opportunities in order to assess candidates before offering them a permanent position, the report found.
While there has been no significant increase in salaries, the shortage of candidates and specialties across most sectors will drive salaries up in the coming months, and bonuses have also resumed, the report found.
The top talent is now receiving multiple job offers and are able to choose from a number of options, Hays stated.
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