Wealth management jobs in highest demand
A third of wealth management organisations recently surveyed say they expect to hire more employees this year, while two-fifths expect to keep main staff at current levels, according to research from Super Recruiters.
However, none planned to downsize, although 16% expected to replace some roles with technology.
The expected roles most in demand for 2020 were sales and risk compliance, followed customer/member engagement, and operation roles.
Sally Humphris, Super Recruiters executive director, said when hiring for these roles, cultural fit was considered the most important criteria by c-suite leaders, followed by proven experience and technical skills, however, there were no responses for qualifications or remuneration.
She also said job seekers are increasingly reporting being disheartened by the automation of recruitment in our industry.
“We are hearing an increasing number of complaints from skilled people applying for roles and not getting a response – even when they have all the skills and experience,” Humphris said.
“The reason why they – in fact most of us – don’t get far is that most of us don’t understand how the job search algorithms, those digital search matching terms used in online job applications, actually work.
“A job ad can elicit hundreds, even thousands, of responses and many of the applications will be unsuitable. But all must be digitally or manually screened by a recruiter to identify a shortlist of appropriate candidates.”
Recommended for you
Sharing his reasoning in joining the FSC board, WT Financial chief executive, Keith Cullen, believes “product and advice cannot be separated” from each other in the current environment.
The Emerge Foundation, a charity run by financial advisers and fund managers, has announced a scholarship program to help veterans transition into tertiary education.
In an open letter, Sequoia chief executive Garry Crole has hit out against shareholders “with a personal axe to grind” as he fights for his job ahead of an EGM.
The JAWG has announced it is in talks with Treasury around five “core principles” to strengthen the education standards for new entrants to the financial advice space.