China Banking Industry Outlook: Banking Jobs in China

Nov. 11, 2009 - PRLog -- In the last 12 months the China market has fluctuated greatly. The market (banking Jobs in China) has at times been extremely candidate short, with vacancies remaining unfilled due to severe skill shortages in technical roles. With recent economy worries this demand has now started to wane.

On the corporate banking front, relationship managers are in huge demand in second and third tier cities. While many banks have recently frozen recruitment, the refilling of existing roles remains business critical. Less conservative banks have reinstated recruitment for financial markets with commodities and fixed income at the forefront of demand. The retail banking market is still seeking branch, and sub-branch managers. Deputy level roles are also still available; however this market has started to slow.

(The top 6 positions in demand are 1. Corporate Relationship Manager, 2, Legal and Compliance, 3. Treasury Specialist 4. Retail Relationship Manager 5. Risk Management 6. Credit Management)

Salaries have shown little consistency from job to job. For more senior level roles salaries are prone to extreme variations depending on supply, demand and the candidate previous salary.

Existing company recruitment processes have remained the same. Banks with an
American or European background remains popular due to business culture and brand equity. Salary continues to be the main method of attraction and retention within the sector.

Due to China’s reaction to world financial pressures, candidates should be aware that job shortages may appear on the economic landscape for the first time in many years. Therefore any delay on accepting offers or overly negotiating them could be critical. Offers are expected to become a very long process with many banks having to gain approval on even the most junior of headcounts from their overseas head office.

Find a good recruitment consultant that understands your needs.

I have spent a few years in Hong Kong, LA and Sydney in the past. Now I am in Shanghai as a recruitment consultant specializing in the Financial, Banking and Accounting sectors, I know how it is like to move to China for works. I love to help out people, so you are welcome to send through your resume to me. I also got colleagues who work in different sectors as well, so feel free to pass me your details at the email address below.

**All information received will be treated confidential**

ABOUT EUGENE YAO

Eugene Yao is a recruitment consultant base in Shanghai, China specializing in Accounting, Banking & Financial industries. Before coming to Shanghai, he was a freelance journalist specializing in conducting media interviews with many of the well known CEOs, CFOs and business leaders across US, Australia, HK and China. His articles can be found on Reuters 3000 Xtra, Bloomberg Professional, Dow Jones Factiva, Financial Times Global Media, Yahoo News, Google News, Baidu News and more.

Contact Eugene Yao   
Email: asaeugene@gmail.com

# # #

Eugene Yao, international financial journalist, conducts interviews regularly with listed companies’ management from around the world. His articles can be found on Thomson Reuters, Bloomberg, Financial Times, Google News and finance etc...