Mortgage Sales professionals – In order to take advantage of the competitive housing market and low interest rates the major banks are recruiting high performance Mortgage Sales professionals to capture market share.
Credit Assessors – These professionals are in ever increasing demand, particularly within the residential and commercial banking space. With an upsurge in the property market, the big four banks are driving their businesses to complete as many loan applications as possible.
Lending Managers – There is also huge demand for lending professionals. There is a major shortage of qualified candidates in the market and the industry relies heavily on candidate movement and interstate relocation.
Settlement Officers – Employers are recruiting experienced Settlement Officers for both temporary and permanent roles.
Relationship Managers – Across small business, commercial, corporate and institutional banking there has been a large increase in demand for client facing Relationship Managers to increase lending. International banks are also looking for Corporate Banking Relationship Managers as they have increased their activity in syndicated investments and corporate lending in Australia.
Commercial Regional Managers – While Regional Managers are available, this role is candidate short as these professionals often have limited experience in commercial banking.
Fixed Income / Derivative / Equity Settlements Officers – In investment banking there has been a significant increase in the number of back office functions, such as settlement roles. This is a result of the upsurge in demand in investment markets, particularly the bond market.
Compliance – With the release of new government legislation, retail banks have placed a strategic priority on investing in anti-money laundering, know your customer (KYC) and financial crime to ensure their businesses are as compliant as possible.
Managed Funds Operators – Candidates with experience in asset management, managed funds and unit trusts will start to see a surge in work in managed funds operations due to the sustained growth in this area from Australia’s big four banks.
Financial Planners – There continues to be demand for Financial Planners and Paraplanners, with candidates often receiving more than one offer. These candidates will remain in high demand as banks are developing their wealth management teams.
Hiring managers are increasingly eager to recruit on a permanent basis in order to solidify their business plans. Temporary roles have increased in banks, mainly in the back office and operational area.
Meanwhile the number of front office roles in business development, relationship management and portfolio management has increased significantly. This indicates that activity across business, commercial and corporate banking is picking up, resulting in increased lending which in turn is likely to boost the wider economy.
Due to the buoyant lending market, demand for candidates across the mortgage operations space is strengthening. The major banks continue to hire operations staff on a temporary basis to maintain workforce flexibility. In other financial institutions such as credit unions and non-bank lenders, hiring tends to be on a straight permanent basis and is more selective.
Temporary recruitment across mortgage operations remains buoyant with Credit Assessors (DLA holders), Mortgage Processors, Settlements Attendees, Unsecured Lending specialists (credit cards and personal loans) and Asset Finance Officers all sought.
A number of organisations require language skills due to the ever increasing number of overseas investors in the property market. Languages in particular demand include Chinese, Korean and Vietnamese.