As we make our way into the Fourth Quarter, many banking organizations are preparing for the new year. As you’ve probably heard, the market is hot. Throughout the year, the unemployment rate edged down to a 50-year low, with a record-breaking quit rate. As your institution prepares for next year, here are the top 5 most in-demand jobs we’re going to see in the 2020 banking industry.
With the rates declining and nearing all-time lows, the mortgage industry will continue to be hot. We just received a large number of mortgage support roles with multiple banks throughout the country. This is usually the slow time, and banks/mortgage shops are laying off or “restructuring” (aka letting people go). However, many are growing through this “slow” time. It helps that unemployment is at an all-time low. If you need these professionals for the short term (contract/temp) or perm, we can help you get them in place immediately.
Again, with the super M&A playground in the banking industry, banks are merging and growing, thus needing to add to the risk team. This includes Quants (Model Developers, Model Validators, etc.) to help calculate risk for the bank and how the bank will grow. Again, we partner with multiple banks that have recently gone through a merger and now are needing to add these people to their teams.
The other day, a bank we work with asked us to fill a Risk Manager role. My team and I were able to close that deal out in record time with a relocation for the candidate. These people are in high demand, and with the lack of available talent, banks are utilizing our expertise in finding talent. You need an expert, like Johnson Search Group, with all the connections in this industry to help you fill these roles in today’s tight market.
These are always going to be a constant in the banking space. Accounting is so interchangeable in all industries; they can get great talent from anywhere. However, Audit is a little more challenging. Finding the talent that understands the Audit space and working with outsourced and insourced providers, as well as working within the business lines, is incredibly hard. Especially if you’re looking for talent that is going to stay with you for a few years of audits.
That is where a firm like ours comes into play. We recruit so heavily in this area that we have people on the bench that are ready to go on the contract or perm side. If you are sick and tired of spending hundreds of thousands of dollars on “Big 4” audit firms, it’s time to bring a pro onto your internal team.
User Experience roles
This comes in the form of both Marketing and IT as a whole. With the marketplace so competitive and every bank trying to be on the leading edge of what people/businesses want in their bank, these UX folks are going to be invaluable to the team. Many times, you can add contractors to your team to tackle a project or if you are doing a complete overhaul that will take years. We can help you find the perm talent that will be the difference makers and help keep your project on time and on budget.
Commercial Lender roles
(Or really all lending roles.) Most banks are finding the commercial side to be most profitable, and they want to continue that growth. Again, this is one of the hardest areas to find top talent. We just moved a candidate that was with the same bank for over 25 years to a new bank. Every bank wants those candidates that have proven longevity. These are the type of producers we bring to the table.
We also recently placed another candidate that was with their former bank for 13 years. Our team helps them see why your organization will help get their career to the next level. We are truly subject matter experts when it comes to commercial lending. If you need talented lenders on your team, don’t wait to contact us!
Partner with a recruiting firm that knows your industry
At Johnson Search Group, we pride ourselves on knowing the ins and outs of the banking industry. Reach out to us today if you need a helping hand with your hiring process. We’ll help you get the talent you need to enter 2020 on a strong note.