Ongoing development of retail banking triggers further demand for the respective professionals, and changes in recruitment market will positively affect overall quality of specialists

03.10.2013 The retail banking segment keeps growing actively. Loan portfolios are increasing, however now banks have to pay attention not only to their size but to the quality as well. Despite some financial institutions abandon their POS-crediting departments, the majority of banks try to strengthen their retail directions, by attracting their competitors’ employees. 

The most attractive for them now are specialists in retail products development and candidates with e-commerce background. We know several examples, when trying to motivate a candidate to move a bank can offer him to double his income. 

“Due to retail banking development there is an increasing demand for Retail Risk Managers, including Scoring Systems Developers. Because of ubiquitous implementation of Basel standards we also observe a certain demand for Consolidated Risk Managers”, comments Maria Aleynikova, Senior Consultant, Banking and Financial Services practice.

Russian leasing market keeps developing on the background of consolidation and enlargement of its players. Ilya Zhizhonkov, Senior Consultant: “New international players enter the Russian market to expand their coverage. This trend is a reason for an increasing need for Business Development Managers”. 

As for investment banking labor market, we don’t observe any remarkable growth here. The majority of opened positions now falls for replacing existing employees. The demand for professional high-level Client Managers in Private Banking/Wealth Management is still high. 

“Often, we have to relocate foreign specialists, because it’s quite difficult to find local candidates with necessary skills and qualities. Mostly, it’s Russians who relocated to Europe some time ago”, tells Tatyana Baklagova, Principal Consultant.

“It’s noteworthy, that many midlevel banks – the ones after the TOP-30 – now face an issue of changing a further strategy on a constantly changing financial service market. They are choosing between selling or finding a certain niche, where they can succeed and not face the severe competition from giant banks. We suppose that some financial organizations will just disappear from different ratings in 5 years”, says Tatyana Bartyuk, Manager, Banking and Financial Services practice. 

Generally, further consolidation will take place in the banking market. In this regard, the recruitment market will go through some changes, which ideally would lead to further increase of the professional level of the candidates. 

“We are quite positive about financial services market future and we continue our steady development along with it”, says Tatyana Bartyuk.

For more detailed information about banking labor market please download our new Banking and Financial Services Salary Survey Antal Russia is one of the largest recruitment companies in Russia and CIS, focused on quality mid-senior level managerial recruitment across most industry sectors. 

Founded in 1994, Antal Russia was an important part of the Antal International Group. In March 2008 Antal Russia was acquired by the FiveTen Group operating across 23 cities, 13 countries and 4 continents. Antal Russia opened its Kazakhstan office in Almaty in July 2010 and in Astana in 2013 (www.antalkazakhstan.com). 

More details can be found at the website – www.antalrussia.com

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