The UK financial services industry continues to offer a variety of exciting opportunities amid a fast-moving environment that attracts thousands of applicants every year.
With the industry undergoing unprecedented change – from ever-more disruptive technologies to higher customer expectations and changing consumer habits in a 24/7 culture – now might be the time to consider promising careers in financial services.
However, with so many roles on offer in the likes of finance and accounting, not to mention the sheer breadth of the industry, it can be difficult to know where to start. It’s best to start doing your research and thinking about where your talents are best applied.
So where do those career opportunities lie? We think that the top five careers in financial services in the UK are:
Accountants who look after the finances of their employers remain in high demand – and in fact, it’s a growth employment area with thousands more expected to be required by the industry across the next few decades. You’ll be expected to balance the books and prepare financial statements, among many other duties that display a keen eye for detail, while commanding a starting salary of up to £25,000. Accountants with two to four post-qualification years of experience can expect around £56,000, rising to over £100,000 for highly qualified accounts with six or more years’ experience.
We at Momenta believe that there is significant scope to transition to an accountant from other roles that we offer, including compliance auditer/officer, claims handler, or case reviewer.
Required qualifications include AAT (entry level), ACCA, and CIMA.
Enjoying a wide-ranging role, financial analysts monitor investment markets, stocks, bonds, and more, and make recommendations to employers on that basis. There is also sustained demand for their skills, which can also be applied outside of banks and investment bodies. Indeed, financial analysts often work closely with retailers and public service providers.
Making this type of position more attractive is an average starting salary of £30,000. Momenta offers roles that are good to transition to a financial analyst from, including risk analyst, Know Your Client (KYC) analyst and Anti-Money Laundering (AML) analyst.
Financial services jobs don’t come much more interesting than this. Innovation may be the buzz word of the moment for the industry, but innovation officers are set to play a lasting role, dictating the future direction of financial services firms to ensure they remain vital in an ever-more competitive environment. Innovation officers help to identify the most relevant services and products.
Another role that’s very much of the contemporary environment, cybersecurity specialists play a vital role in today’s industry. With more cyber-attacks being directed at the financial services industry than any other, it’s essential that it shores up its defences effectively and demand for experts in this area is therefore high, with salaries reflecting that.
Business and Project Management
Business and financial project managers plan and manage a wide spectrum of projects – and it’s a role that holds huge value in the financial services industry.
Key among the demands of the role are drawing up project plans, defining the necessary timescales, resources and budgets, and identifying and managing teams to successfully deliver those projects through to completion.
Required professional project management qualifications include PRINCE2, business-related courses, CMI, while previous experience of organising and managing resources and costs is desirable.
Although there are no specific requirements, A levels in business, economics and other numerate subjects would be relevant.
Momenta know the financial services industry inside out and have a wide network of contacts to make your dream job a reality. Why not embark on your journey to a new role today with our help?