Improving the role of women in finance
Ahead of International Women's Day on 8th March, the debate over the role of female professionals within the financial services industry has continued, with experts suggesting more needs to be done to create a level playing field in the sector.
Fiona Woolf, Lord Mayor of the City of London, highlighted some positives - Lloyds Bank recently announced an initiative that hopes to put female staff in 40 per cent of senior roles by 2020, while 20 per cent of FTSE 100 board members are now women.
However, writing in the Guardian, she called for further measures to ensure that discrimination and lack of opportunities does not stifle talented female financiers keen to progress in their careers.
She warned against relying too much on quotas, pointing out that simply "cherry-picking" a handful of female staff to reach the top is a superficial approach that will not help bring about structural change within the sector.
Instead firms should "tackle the underlying issues that are deterring advancement", developing a strong pipe-line of talent that ensures people from all backgrounds can succeed whatever their gender.
"Encouraging diversity in senior roles ensures we avoid the groupthink of people from the same background. It ensures that different viewpoints are heard and discussed, and that we live in a true meritocracy," declared Ms Woolf.
In today's global world a lack of diversity can be fatal and lead to firms falling behind their counterparts, largely because of a lack of innovation and creativity within senior roles, she concluded.
Helen Brands of the Association of Chartered Certified Accountants also called on the world of finance to develop its diversity levels ahead of the international celebration.
Last year, Marks Sattin found that the pay gap between male and female accountants increases by an average of £1,000 over the first ten years of their career.
After the ten year period, the overall gap widens to a worrying level of £26,000.
Signup to receive the latest discipline specific articles
Related jobs
Salary:
Up to €60,000 per annum
Location:
Rotterdam, South Holland
Industry
Energy, Resources and Industrial
Qualification
None specified
Market
Professional Services
Salary
£50,000 - £60,000
Job Discipline
Part Qualified & Transactional Finance
Contract Type:
Permanent
Description
Als Specialist Financiële Processen SSC binnen een toonaangevende organisatie draag je zorg voor een efficiënte en effectieve afhandeling van financiële administratieve processen.
Reference
BBBH184301
Expiry Date
01/01/01
Author
Aram OutmaijjerAuthor
Aram OutmaijjerSalary:
Up to €84,000 per annum
Location:
Rotterdam, South Holland
Industry
Manufacturing
Qualification
Fully qualified
Market
Professional Services
Salary
£70,000 - £80,000
Job Discipline
Qualified Finance
Contract Type:
Permanent
Description
Ben jij een financiële professional met sterke analytische vaardigheden en een strategische visie? Heb je een passie voor procesoptimalisatie en het verbeteren van financiële dienstverlening?
Reference
BBBH184300
Expiry Date
01/01/01
Author
Aram OutmaijjerAuthor
Aram OutmaijjerSalary:
£65,000 - £73,000 per annum + Excellent Benefits Package
Location:
Manchester, Greater Manchester
Industry
Consumer & Retail
Qualification
Fully qualified
Market
Commerce & Industry
Salary
£70,000 - £80,000
Job Discipline
Qualified Finance
Contract Type:
Permanent
Description
Exciting Group Reporting Finance Manager for a leading retail organisation based in Manchester offering hybrid working paying circa £70,000.
Reference
BBBH184314
Expiry Date
01/01/01
Author
Nathan JonesAuthor
Nathan JonesSalary:
£100,000 - £120,000 per annum + bonus and benefits
Location:
Crawley, West Sussex
Industry
Business Services
Qualification
Fully qualified
Market
Executive Search
Salary
£100,000 - £125,000
Job Discipline
Private Equity Executive Search
Contract Type:
Permanent
Description
Marks Sattin Executive Search is working with a rapidly growing PE-backed buy-and-build B2B business
Reference
TA 3428
Expiry Date
01/01/01
Author
Executive SearchAuthor
Executive SearchSalary:
£160,000 - £180,000 per annum + Equity, Bonus and Benefits
Location:
North West England
Industry
Education
Qualification
Fully qualified
Market
Executive Search
Salary
£175,000 - £250,000
Job Discipline
Private Equity Executive Search
Contract Type:
Permanent
Description
Marks Sattin Executive Search is currently working with a PE-Backed Education Business seeking an experienced CFO
Reference
TA 3427
Expiry Date
01/01/01
Author
Executive SearchAuthor
Executive SearchSalary:
Equity, Bonus and Benefits
Location:
London
Industry
Healthcare
Qualification
Fully qualified
Market
Executive Search
Salary
£125,000 - £175,000
Job Discipline
Private Equity Executive Search
Contract Type:
Permanent
Description
Marks Sattin Executive Search is partnering with a dynamic, PE-backed Multisite Healthcare Services business to recruit a CFO.
Reference
TA 3426
Expiry Date
01/01/01
Author
Executive SearchAuthor
Executive SearchSalary:
Negotiable
Location:
Horsham, West Sussex
Industry
Technology
Qualification
None specified
Market
Commerce & Industry
Salary
£60,000 - £70,000
Job Discipline
Part Qualified & Transactional Finance
Contract Type:
Permanent
Description
Our high growth client in the tech/SAAS industry are looking for a new Transactional Finance Manager to join their finance team.
Reference
129384
Expiry Date
01/01/01
Author
Harry LathamAuthor
Harry LathamSalary:
Up to £45,000 per annum
Location:
Leeds, West Yorkshire
Industry
Business Services
Qualification
None specified
Market
Financial Services
Salary
£40,000 - £50,000
Job Discipline
Tax
Contract Type:
Permanent
Description
.
Reference
BBBH184306
Expiry Date
01/01/01
Author
Aleksandra TaranovskajaAuthor
Aleksandra TaranovskajaSalary:
£30,000 - £32,000 per annum
Location:
Leeds, West Yorkshire
Industry
Business Services
Qualification
None specified
Market
Commerce & Industry
Salary
£30,000 - £35,000
Job Discipline
Part Qualified & Transactional Finance
Contract Type:
Permanent
Description
Credit Controller in Leeds
Reference
BBBH184266
Expiry Date
01/01/01
Author
Cameron WalshAuthor
Cameron WalshSalary:
Up to £36,000 per annum
Location:
City of London, London
Industry
Professional Services
Qualification
None specified
Market
Professional Services
Salary
£35,000 - £40,000
Job Discipline
Software Development
Contract Type:
Permanent
Description
DMS Developer
Reference
BBBH184283
Expiry Date
01/01/01

Author
Shammi Choudhury
Author
Shammi Choudhury