Three more hot jobs for the second half
Last week, eFinancialCareers.com.au told you why jobs in credit analysts, fund accounting and wealth advisory will be in demand for the rest of 2010. Now let's take a look at three other favourable functions...
Global markets product control
Product controllers are highly prized by most investment banks, especially within their global markets product areas, says Michael Cunningham, senior associate, Anton Murray Consulting. The current demand can be traced back to front-office hiring in treasury trading and global markets earlier this year, which lead to increased trading volumes.
Candidates with two to five years' experience with full CPA/ACA qualifications have recently been receiving offers of up to $130k base from global i-banks, according to Cunningham. "Many firms are also seeking more of a combination of product control and trade support experience, rather than straight P&L generation in a more traditional product control sense," he adds.
SME business banking relationship managers
This sector represents an opportunity for banks to capture larger market shares across deposits, business lending and transactional banking, says Nick Hill, senior consultant, Reed Banking & Finance. And it is also a key area of employment growth.
"Relationship managers are therefore required in the market by the major national and international banks to deal with this demand for business banking services. Demand is greater than supply at present. As the SME market becomes more buoyant, the search for talented bankers in this space also increases," adds Hill.
Financial planning
"There has been a huge push for qualified financial planners across retail, commercial and private banking. As result of this demand, we envisage salaries starting to creep up as demand outstrips supply," comments Jeremy Paterson, general manager Queensland, Alliance Recruitment.
"We have a new breed of young hungry planners eager to be successful in providing holistic advice. A number of our clients in the first half of the year were seeking to attract planners with existing books, but the second half so far is showing a preference for salaried members of staff with lucrative bonus structures," he adds.