BFSI sector is the biggest adopter of technology adoption. From banking via SMS to booking investments on-the-go, this sector has evolved its offerings and services manifold. Understandably, the talent requirements have also undergone a sea change. The sector actively hires professionals who are adept in new-age
TimesJobs spoke to
Deodutta Kurane, Senior Group President, Human Capital Management at
TimesJobs: What were the hiring trends of 2018 in your industry?
Deodutta Kurane: The Banking sector has seen massive tech-enabled disruptions on one side and consolidation of traditional areas like customer experience management, compliance, risk management, product enhancement on the other side. While traditional roles in products, processes, risk, compliance, etc. continued to be in demand, the year 2018 also saw the emergence of relatively newer roles in Big Data & Analytics, Banking Technology, Digital Banking, etc.
What are the hiring predictions for 2019?
Deodutta Kurane: We will see an increased demand for new job roles as Data Analysts & Data Scientists, Digital Transformation Specialists and New Technology Specialists. Roles in Asset Reconstruction, Syndication and Risk Management will also be in demand. The existing Banking roles in Sales & Marketing, Customer Experience Management will continue to be in demand.
TimesJobs: Name top three emerging high paying jobs in your industry?
Deodutta Kurane: Some of the emerging high-profile roles will be Digital Transformation Specialists, New Technology Experts and Data Scientists.
The key skills that will be in demand are Analytical Thinking & Innovation, Technology Design & Programming and Complex Problem Solving.
Which factors will create more jobs in your industry?
Deodutta Kurane: The main factors impacting job creation would be the rising adoption of technology, business growth and economic factors.
On the technology front, Indian banks are swiftly embracing Artificial Intelligence, Robotics, Blockchain,
What are the five major smart skills required in your industry?
Deodutta Kurane: Bankers would need upskilling to work more effectively in today’s digital environment. While most people tend to think that functional and technical talent might be all that a bank really needs to succeed in a technology-driven world, it would be short-sighted to ignore the value of human skills. Another skill set in demand would be the ability to adapt and respond with agility in order to design and deliver the best in class products and services.
How has the role of recruiters evolved in recent years?
Deodutta Kurane: As
TimesJobs: Which new HR tools are you using to hire?
Deodutta Kurane: Technology is central to everything that we do here at the YES BANK HR. Many applications are built in house while some are that we have customised for enterprise solutions. We have a robust set of HR tools focused on pre-hire, hire and post hire phases of employees. We are also strengthening our employee referral program as it is our strongest hiring channels.
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