You need to enable JavaScript in order to use the AI chatbot tool powered by ChatBot

Financial services sector to change in coming years

Andrew Barnes our consultant managing the role

The UK's financial services sector is set to undergo major changes over the coming years, as regulatory reforms and technological advances change how the industry operates.

For professionals keen to get top jobs in this area, keeping abreast of these cultural shifts is crucial if they do not wish to be left behind by more forward-thinking peers and see their career plateau.

According to Lisa Winnard, HR director at Sesame Bankhall Group, people wanting a career in the sector must not be "faint-hearted" given the rapid pace of change seen over the last decade and the further fluctuations expected in the future.

Writing for Money Marketing, she cited the move from the Financial Services Authority to the Financial Conduct Authority and the Mortgage Market Review as two major alterations to the industry in recent years.

Coupled with the intense media scrutiny of financial services seen following the recession, young professionals hoping to progress in their career will need to box clever if they are to move up the ladder.

Some of the areas highlighted by Ms Winnard are the increasing drive to build up a more diverse workforce, with the prospect of European regulation forcing UK businesses to appoint a certain percentage of female staff to top positions and the move away from nine-to-five working patterns.

"Advances in technology allow us to work remotely and therefore our leaders need to be equipped to manage a different type of workforce. Virtual leaders need to create effective communication channels, to engage, develop, manage and deliver through successful teams in a virtual space," she suggested.

Finally, the HR chief argued that dealing with the modern workforce will be a major challenge for anyone hoping to move into financial services management, as people from different generations and backgrounds undertake similar tasks.

Allowing these demographics to come together harmoniously and get results will be crucial to generating successful management techniques in the future, she concluded.

11/04/16
jobs

Related jobs

Credit Controller - Hybrid (2 days office)

Salary:

£28,000 - £32,000 per annum + Hybrid working

Location:

Salford, Greater Manchester

Industry

Technology

Qualification

None specified

Market

Commerce & Industry

Salary

£30,000 - £35,000

Job Discipline

Part Qualified & Transactional Finance

Contract Type:

Permanent

Description

Credit Controller - HYBRID - Salford

Reference

BBBH184267

Expiry Date

01/01/01

Laura Halloran Find out more
Tax Senior - Bolton

Salary:

£35,000 - £40,000 per annum

Location:

Bolton, Greater Manchester

Industry

Business Services

Qualification

None specified

Market

Financial Services

Salary

£40,000 - £50,000

Job Discipline

Tax

Contract Type:

Permanent

Description

.

Reference

BBBH184374

Expiry Date

01/01/01

Aleksandra  Taranovskaja Find out more
Head of Corporate Finance and Strategy

Salary:

£92,000 - £100,000 per annum + Excellent Benefits Package

Location:

Manchester, Greater Manchester

Industry

Energy, Resources and Industrial

Qualification

Fully qualified

Market

Commerce & Industry

Salary

£100,000 - £125,000

Job Discipline

Qualified Finance

Contract Type:

Permanent

Description

Exciting Head of Corporate Finance and Strategy role for a leading energy organisation based in Manchester city centre paying up to £100,000.

Reference

BBBH184370

Expiry Date

01/01/01

Nathan  Jones

Author

Nathan Jones
Find out more
Senior Finance Transformation Project Manager

Salary:

€85,000 - €90,000 per annum

Location:

Dublin City Centre, Dublin

Industry

Professional Services

Qualification

None specified

Market

Commerce & Industry

Salary

£70,000 - £80,000

Job Discipline

Process Improvement

Contract Type:

Permanent

Description

Finance Transformation Lead - Consulting - Dublin

Reference

BBBH184367

Expiry Date

01/01/01

Cillian Mcevoy Find out more
Corporate Finance Manager

Salary:

£65,000 - £73,000 per annum + Excellent Benefits Package

Location:

Manchester, Greater Manchester

Industry

Energy, Resources and Industrial

Qualification

Fully qualified

Market

Commerce & Industry

Salary

£70,000 - £80,000

Job Discipline

Qualified Finance

Contract Type:

Permanent

Description

Corporate Finance Manager role for a leading energy organisation based in Manchester city centre offering hybrid working paying circa £70,000.

Reference

BBBH184365

Expiry Date

01/01/01

Nathan  Jones

Author

Nathan Jones
Find out more
Finance Director

Salary:

Negotiable

Location:

London

Industry

Media & Communications

Qualification

Fully qualified

Market

Commerce & Industry

Salary

£125,000 - £175,000

Job Discipline

Qualified Finance

Contract Type:

Permanent

Description

A hospitality and entertainment brand is currently looking for a Finance Director to join their team in London (Hybrid).

Reference

BBBH184244

Expiry Date

01/01/01

Charlie Buddery Find out more
Financial, Planning and Analysis Manager

Salary:

£67,000 - £75,000 per annum + Excellent Benefits Package

Location:

Wigan, Greater Manchester

Industry

Manufacturing

Qualification

Fully qualified

Market

Commerce & Industry

Salary

£70,000 - £80,000

Job Discipline

Qualified Finance

Contract Type:

Permanent

Description

Financial Planning and Analysis Manager for a PE backed manufacturing business based in Wigan with hybrid working paying between £67,000 - £75,000.

Reference

BBBH184364

Expiry Date

01/01/01

Nathan  Jones

Author

Nathan Jones
Find out more
Head of Commercial Finance

Salary:

£75,000 - £85,000 per annum + Car Allowance + Benefits

Location:

Crewe, Cheshire

Industry

Transport & Logistics

Qualification

Fully qualified

Market

Commerce & Industry

Salary

£80,000 - £100,000

Job Discipline

Qualified Finance

Contract Type:

Permanent

Description

Head of Commercial Finance role for a well-established organisation based just outside of Crewe paying up to £85,000 + benefits.

Reference

BBBH183457

Expiry Date

01/01/01

Nathan  Jones

Author

Nathan Jones
Find out more
Group Reporting Manager

Salary:

£65,000 - £75,000 per annum + Additional Benefits Package

Location:

Cheadle, Greater Manchester

Industry

Manufacturing

Qualification

Fully qualified

Market

Commerce & Industry

Salary

£70,000 - £80,000

Job Discipline

Qualified Finance

Contract Type:

Permanent

Description

Group Reporting Manager role for a global manufacturing business based in Cheadle offering hybrid working paying between £65,000 and £75,000.

Reference

BBBH184108

Expiry Date

01/01/01

Nathan  Jones

Author

Nathan Jones
Find out more
Capex Analyst

Salary:

£40,000 - £45,000 per annum

Location:

Greater Manchester

Industry

Consumer & Retail

Qualification

Part qualified

Market

Commerce & Industry

Salary

£40,000 - £50,000

Job Discipline

Part Qualified & Transactional Finance

Contract Type:

Contract

Description

Capex Analyst | Greater Manchester | Up to £45k | Immediate Start | 6 month FTC

Reference

BBBH184360

Expiry Date

01/01/01

Jamie Miller

Author

Jamie Miller
Find out more
View all jobs