Risk and recovery strategies have kept executive hiring strong in several key areas: legal, compliance, risk management and wealth management, according to the latest research by global executive search firm CTPartners.
Hottest jobs in APAC financial services sector
1. Compliance Manager
2. Officer, Government and Regulatory Affairs
3. Chief Risk Officer
4. Asset Management
5. Wealth Management Professional
6. Emerging Payments Officer & Executive
7. Structured Finance Executive
Compliance looms large as companies deal with Dodd-Frank. Risk has remained a priority since the fiscal crisis began in 2008 and financial services companies continue to look for new revenues through diversification and asset management, especially for the creation of new products and markets, including electronic payments to build new revenue streams for banks. With this in mind, recruitment is expected to remain strong in 2013 for the seven key financial services roles.
1. Compliance Manager
Today’s strong regulatory environment means that companies need compliance teams capable of protecting their alignment with complex laws, including Dodd-Frank Wall Street Reform. Infrastructure hiring—of risk, financial, audit, compliance, legal, technology and operational executives—will continue in 2013 in response to regulatory requirements.
2. Officer, Government and Regulatory Affairs
Companies and trade associations in highly regulated industries, such as pharmaceuticals, medical devices, energy and financial services continue to search for top leadership to navigate complex regulations. Technical knowledge of product life cycle to assure safe and effective products in healthcare, for example, or accounting and investment practices within regulations in financial services to avoid global economic crises continue to make these positions priority hires.
3. Chief Risk Officer
A critical role since the upheaval caused by the 2008 financial crisis, CROs are responsible for protecting and managing all types of risk, from enterprise risk to market credit and operational risk. Dodd-Frank and Basel III added another layer of legislation and compliance, keeping control functions in demand across sectors.
4. Asset Management
Investment executives with asset allocation and macro strategy skills are in demand, as global economic pressures continue and regulatory demands and operating and technology changes impact key decisions.
5. Wealth Management Professional
Wealthy Baby Boomers, along with other high net worth investors, need advice in the face of tax changes, complicated market opportunities and a cloudy future for global investments. Executives with experience offering financial and investment advice, accounting and tax services and legal/estate planning will be in demand as the economy improves in 2013 as anticipated.
6. Emerging Payments Officer and Payments Executive
The interconnection between payments and the consumer relationship has gained momentum that shocked even the most prepared financial services companies. The payment stream contains a treasure trove of big data that will lead a decade worth of consumer strategy, and financial institutions that miss the opportunity to link with the world’s leading retailers will be left behind. Banks have extraordinary access to knowledge of consumer behavior, so for payments executives who can leverage it, the sky’s the limit.
7. Structured Finance Executive
As many companies and institutions are coming out of years of crisis, there is a need for corporations to refinance their distressed assets and re-build growth moving forward.
Paul Arkwright
Publisher
