Discover your dream Career
For Recruiters
Take a more innovative approach to hiring in tech.

How financial institutions are finding new ways to attract top tech talent

Technology isn’t only disrupting business models in financial services; it’s transforming the skills sets of the tech professionals that banks need to recruit and retain in major financial centres like London, New York, Singapore and Hong Kong. On the eFinancialCareers website, technology is the biggest single sector for vacancies, with more than a third of our total jobs.

But as financial institutions intensify their focus on technology hiring, they face increasing competition from other employers targeting people with the same skills. To discover how employers in the finance sector can attract quality technology professionals, download our new report, Winning the War for Technologists.

The report identifies 13 ways that financial institutions can improve their recruitment strategies for tech candidates. Here’s a taster:

1. Review the speed of your hiring

Banks tend to take longer than tech firms to hire, but tech pros typically have several job options, so being first with an offer may decide the outcome.

2. Reduce interview rounds

Under a “candidate matching” approach, generic interviews/vetting are done up front, followed by a discussion to match the applicant to a suitable team. Some banks run “super days” to conduct scores of initial interviews in one go.

3. Target diverse talent

Initiatives like referral programmes and diverse interview panels can help you expand your talent pool. But they must be supported by an inclusive workplace culture to avoid new hires becoming disenchanted.

4. Be honest about your tech capabilities

When interviewing technologists, be honest about what your bank can and cannot do. If you promote the bank as a “tech firm” when in fact tech is still a support function, candidates will call your bluff.

Download our tech talent report to find out more.

Photo by Mohammad Rahmani on Unsplash

 

 

author-card-avatar
AUTHORSimon Mortlock Content Manager

Apply for jobs

Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Latest Jobs
GXS Bank
Principal Product Manager - Lending
GXS Bank
Petaling Jaya, Malaysia
Cognizant
Senior Manager, Consulting - Insurance
Cognizant
Kuala Lumpur, Malaysia
SWIFT
System Engineer - JAVA/Python
SWIFT
Kuala Lumpur, Malaysia
Mizuho Bank (Malaysia) Berhad
Risk Management (Credit Risk) - Assistant Manager / Manager
Mizuho Bank (Malaysia) Berhad
Kuala Lumpur, Malaysia