Emerald Zebra: Fintech Job Recruitment in 2022: What you need to know

Emerald Zebra: Fintech Job Recruitment in 2022: What you need to know

Posted 13/12/2022 by Nicolas Demetriades

It is safe to say that the FinTech sector is thriving, and most financial services companies are looking for FinTech recruiters to fill many positions across the board including finance, tech-related positions, and the demand for various services such as cryptocurrency investing and digital banking means that FinTech companies must and will continue to grow their teams, especially their tech teams.

Because of the explosion in FinTech opportunities, businesses are now facing increased competition to attract the best candidates.
To stay up to date on market changes and attract top talent, you will need to keep a close eye on current hiring trends, and these are:

Candidates have started caring about company values
Candidates nowadays have become more and more concerned with the jobs they find.
They are starting to look for jobs and companies that are able to support their underlying beliefs and give them a sense of purpose in their work.

That doesn’t mean that they are not interested in benefits and pay - these are still considered important factors in determining whether or not they accept the job offer, but still these do not guarantee that the candidate will join the company.

If you want to increase your brand's hiring success, you must demonstrate your commitment to your core company values and be honest with your candidates.

FinTech companies have gone Global
Over the past few years Southeast Asian countries, such as Vietnam, the Philippines, Thailand, and Indonesia, have seen significant growth in Fintech jobs. Israel and Mexico are also amongst the countries that saw significant growth in this sector.

The expansion of FinTech companies and work-from-home opportunities has drawn the talent pool for most FinTech companies, pushing them to compete on a global scale. As the demand for talent grows, candidates, particularly international professionals, will expect additional benefits and compensation.

Speed matters
Companies are now looking for ways to speed up the hiring process, whether in-person or online.
The average hiring speed has increased since hiring departments began using more tech-based tools which provide information about social networks and previous places of employment, or even reach out to candidates directly.

You must look for ways to simplify the recruitment pipeline and streamline all hiring processes.. This will also allow you to extend job offers to candidates faster and avoid losing potential hires.

New job roles on all levels
When it comes to the FinTech sector, the majority of the discussion will revolve around contributor roles such as back-end app developers, other significant IT staff, analysts, and crypto specific roles.
While these positions will remain important in the future, they are not the only ones.
As a result, businesses are expanding their departments across the board and are especially increasing their teams of tech staff and reorganising their leadership structures to reflect these changes.

Positions such as Chief Technology Officer or digital marketing manager are becoming more common in financial firms. This is a new type of demand seen in FinTech companies, as brands seek candidates with both technical and leadership skills.

Expect a global workforce
FinTech companies are global.

Since the lockdown, most people have begun working remotely and can work from anywhere that has WiFi.

In addition, the epidemic has drawn attention to the global unbanked population and the suffering it causes. Unlike traditional banks, FinTech firms can assist in resolving this issue.
European-focused FinTech brands have begun to enter the global market, which will allow them to enter underserved markets such as Pakistan, Mexico, Nigeria, Indonesia, India, and Bangladesh.

What Are Some In-Demand FinTech Roles?
If you want to keep your recruitment process up to date, you must first understand the jobs that are in demand and the companies that are hiring. Here are some of the most popular FinTech jobs.

Software Engineering
The majority of open positions in FinTech companies are in software engineering.

While there are many software engineers available today, only a few will be chosen based on their coding knowledge and unique skill sets. Further research revealed that FinTech companies seek individuals with knowledge in “coding language” such as Java, Javascript, Linux, Ruby, Python, and others.

Operations
While software engineers are the backbone of FinTech firms, the operating segment is what pushes the company forward.

It takes a lot of effort and coordination to ensure that the software engineers can create the product on time and on budget. Customer Support, Customer Success, Information Technology, Marketing and Sales and other job roles are in high demand in FinTech companies.

Data and Analytics
Did you know that most FinTech firms devote 11% of their total workforce to Data Analyst positions?

FinTech firms must deal with a large amount of numbers and data; these firms frequently seek candidates who can translate the incoming data into insights.
As a result, they are hiring data analysts to assist them in sorting through the data they receive on a daily basis.

Overall, and from what we’ve seen above, the increased number of job opportunities in FinTech firms means increased competition to attract the best candidates for the job roles.

You will need to keep an eye on current hiring trends and market shifts in order to find the best candidate for your FinTech company.

If you are looking for a candidate to fulfil any of the above positions, or if you are a candidate looking for a job role in fintech, feel free to visit our website or contact our recruitment team via email at jobs@emeraldzebra.cy

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