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| Tuesday, 22 October 2013, 13:00 HKT/SGT | |
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Source: Hays | |
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TOKYO, Oct 22, 2013 - (ACN Newswire) - Japan's banking sector shows more consistency, predictability and demand for skilled professionals than it has for several years, according to recruiting experts Hays in Japan.
"The market is active, hiring is consistent and we are seeing a constant flow of new roles," says Jonathan Sampson, Regional Director of Hays in Japan. "This trend has continued for more than six months now.
"As we approach the end of the year and recruitment deadlines loom, many hiring managers are going out of their way to arrange multiple meetings on one day in order to fast track the process. The approval process is also generally faster, and firms are hiring multiple people within the same department.
"Given the higher number of roles and competition, candidates with in-demand skills often receive multiple offers, and more counter-offers."
According to Hays, another significant trend is the return of operations functions that were previously off-shored (or flagged for possible off-shoring) to Tokyo. "Front office roles in both the buy and sell side remain abundant, although they are more focused at the junior to mid-levels, while compliance remains a hot area," says Jonathan.
According to the latest Hays Quarterly Hotspots list of skills in demand, the following skills are sought in Japan's banking sector:
-- Rates Derivatives Trade Support - Given the shortage of skills in the fixed income operations area, demand is high for talented middle office candidates, and employers are showing more flexibility on the type of people they will consider.
-- Banking Operations - These candidates are sought in response to the increased number of foreign participants (institutions) using the Zengin system, as well as recent regulatory changes.
-- Investment Trust Management (ITM) related Sales & Marketing professionals - Sales and marketing skills are sought in response to the new tax-free investment scheme NISA (Nippon Individual Savings Account). Many AM firms are trying to strengthen their mutual fund sales teams by hiring new salespeople and those with experience in making marketing sales promotion materials in order to gain better market share.
-- Compliance (Anti-Money Laundering/Financial Crime Prevention) - Many securities firms do not have dedicated AML Compliance Officers, and therefore these responsibilities have been divided between existing officers. This has prompted the need for additional headcount with a more general focus. In addition, regulatory sanctions issued in the USA and UK require global financial institutions to take a pre-emptive stance so as to avoid further issues in other jurisdictions. For Japan this translates into a commitment towards consolidating the compliance and audit departments.
-- FX Sales - Throughout the year there has been a strong increase in demand for currency sales, both institutional and corporate. This is mainly due to the strength of the Yen and general confidence in the economy.
-- Equity - We've also seen a number of new roles for Cash Equity Sales, Sales Trading, as well as Equity Research, and it seems like the trend will continue for the next year.
-- Fixed Income - A number of major firms are looking to hire talented rates and credit sales and marketing professionals, ideally at the junior or mid-level so that they can train them up to their specific company culture.
For the full list of skills in demand, please view our Hays Quarterly Hotspots.
http://www.hays.co.jp/report/index.htm
Hays, the world's leading recruiting experts in qualified, professional and skilled people.
About Hays
Hays is the leading global specialist recruiting group. It is the expert at recruiting qualified, professional and skilled people worldwide.
Hays Specialist Recruitment Japan KK ("Hays") is the largest foreign recruitment company in Japan and operates across the private sector, dealing in permanent positions, contract roles and temporary assignments. Hays has been in Japan for more than a decade, and boasts a track record of success and growth.
Hays is the only foreign recruitment company in Japan to operate specialist business units composed of professionals with experience and expertise in the sectors they cover. Hays Japan's thirteen specialisms span Accountancy & Finance, Banking, Finance Technology, Human Resources, Hays Resource Management, Information Technology, Insurance, Legal, Life Sciences, Office Professionals, Property, Sales & Marketing and Supply Chain.
Hays is also the only foreign recruitment company in Japan to operate three local offices, serving the Kanto region from Akasaka and Shinjuku, and Kansai from central Osaka.
Hays Japan is the local representative office for Hays plc, which is a global company with more than 7,840 staff operating from 239 offices in 33 countries across 20 specialisms.
Hays operates in the following countries: Australia, Austria, Belgium, Brazil, Canada, Colombia, Chile, China, the Czech Republic, Denmark, France, Germany, Hong Kong, Hungary, India, Ireland, Italy, Japan, Luxembourg, Malaysia, Mexico, the Netherlands, New Zealand, Poland, Portugal, Russia, Singapore, Spain, Sweden, Switzerland, UAE, the UK and the USA.
Contact:
Keiko Asakura
Hays Japan
Marketing Manager
+81-3-3560-2813
Keiko.Asakura@hays.co.jp
Topic: Research / Industry Report
Source: Hays
Sectors: Daily News
https://www.acnnewswire.com
From the Asia Corporate News Network
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