Financial Services Career Market Update – July To September 2018

The financial services job market in Q1 this financial year was highly active and we expect the momentum to continue. There is a constant supply of fantastic career opportunities which is good news for candidates on the job hunt. Employers have enjoyed the pick of high quality talent and fast turn-around times for most roles, however a shortage of paraplanners continues. Below is a summary of key trends which we observed during Q1.

We would like to sincerely thank our clients IFM Investors, HESTA, Telstra Super, Legg Mason, DPM Financial Services, Mutual Trust, Centuria, Prime Super, CCI Insurance, RARE Infrastructure, Treasury Corporation of Victoria, Janus Henderson Investors, BankVic, Equity Trustees, Centre for Investor Education, Zenith Investment Partners and Frontier Advisors for giving us the opportunity to partner with their businesses on a range of talent acquisition assignments.

The positions we successfully completed included business development managers, marketing managers, performance analysts, investment operations, risk and compliance, client and investor services, business analyst (funds management, superannuation and insurance), superannuation advisors, financial advisors, paraplanners and underwriters.

• ​The average salary of all positions we delivered on was $105,000, with the highest salary at $200,000 and the lowest at $60,000.
• There was equal representation of placement from a gender perspective which supported many client requests for equal gender representation on shortlists.
• 70% of all candidates we placed came from or from our existing networks (talent pools). This supports Kaizen Recruitment reputation as having access to best talent in the market.
• 45% of the recruitment assignments we completed were within the funds management sector with the remaining split across insurance, superannuation and wealth management. As the Kaizen team expands with the addition of our risk and compliance specialist, Edward Whitehead and investment operations specialist, Nupur Gill, we are able to partner with our clients on an exclusive retained basis which allowed us to provide greater service to our clients across all sectors.
• In particular, a leading superannuation fund (see link) engaged Kaizen Recruitment on a retained executive search assignment to identify and secure a legal and compliance officer.
• A highlight for the team was hosting a luncheon with wealth management leaders (see link).
• Investment / fund accountants (see link) again were in very high demand for both contracting assignments and newly created permanent opportunities.
• Business development managers with three to five years of funds management experience with an existing network were in high demand.
• We were proud to sponsor FINSIA’s asset management round table luncheon chaired by Chad Padowitz, CIO at Wingate Asset Management. The key topic was to identify and manage risks effectively, along with the importance of taking risk in one’s career; salary not always being the main driver.

We hope you like this summary of our activity during the July to September 2018 quarter.

Regards,

Matt McGilton – Director

Kaizen Recruitment specialises financial services recruitment across funds management, wealth management, superannuation, investment consulting and insurance. We are based in Melbourne and Sydney. For assistance or further information please telephone our office at +61 3 9095 7157 or submit an online form.

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