Banks rushing to take on staff amidst lending growth forecast

by AB17 Oct 2013

Job opportunities for credit assessors leapt in Q3, as banks forecast increasing growth in applications for unsecured, secured and small business lending, according to specialist recruitment agency, Robert Walters.

The latest Robert Walters Job Market Update outlined hiring trends for banking operations professionals in quarter three and provided a forecast for quarter four.

It found that banks were forecasting increased growth in applications for unsecured, secured and small business lending, which led to an increase in demand for credit assessors.

The wealth and superannuation sectors also grew, particularly in customer-facing areas that were focused on up-selling, retention and member services, due to changes to the Future of Financial Advice legislation.

Sara Harrison, associate director of finance and banking operations at Robert Walters in Melbourne, says companies with effective, efficient and flexible processes often attracted the best talent.

“Competition for candidates is high and it’s important for companies to understand what their preferred candidates are looking for. Stability and opportunity are key drivers for candidates, particularly those who have been affected by restructure.”

Both Melbourne and Sydney’s banking sectors enjoyed growth in job opportunities in Q3, but hiring rates are expected to stabilise in Q4.

Those working in Sydney are enjoying higher average salaries, with a typical mortgage credit analyst in Sydney earning a salary of $70-85k, compared to $55-65k for the same position in Melbourne.