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Accountancy hiring picks up pace as Hong Kong’s banking sector recovers


Updated: 21 Oct 2014

There has been an increase in hiring activity in accountancy & finance in Hong Kong as banks begin to recover and regain confidence, says recruiting expert Hays.  


In its latest Hays Quarterly Report of skills in demand for October to December, the recruiter highlights that Regulatory Reporting Analysts, Asset Liability Managers and Financial Planning & Analysis Managers are all highly sought after.


Equities markets remain upbeat and banks are gearing up for the Shanghai-Hong Kong stock connect program that has the potential to boost cross-border investment. This is creating demand for Accountants in the financial services sector who can look beyond the numbers and see how businesses can be impacted by broader business trends,” says Dean Stallard, Regional Director of Hays in Hong Kong.


“There has been a significant increase in demand for Regulatory Reporting Analysts with HKMA experience in response to tighter legislation and regulations. Asset Liability Managers will also be sought as Chinese banks act to meet the demands of regulators.


“It’s also worth noting that candidates with experience of working or studying abroad are highly regarded by employers and Chinese language skills are needed due to the growing number of roles available within Chinese financial institutions.”


According to the recruiter, new permanent positions are also being created by organisations that are regionally headquartered in Hong Kong. Demand is strongest in the retail, property and technology sectors. 


“Employers are looking for Financial Planning & Analysis Managers who can adapt to fast changing environments and possess strong analytical, interpersonal and communication skills. Also, Internal Auditors are in demand across local, regional and international banks. Employers continue to recruit for treasury and markets audit due to the complexity of products.”


The trend towards hiring contractors is expected to continue. “We are seeing more senior contract roles as well as a growing number of employers who see contractors as a viable option for their business,” says Dean.


For more insights on the skills in demand, see our Hays Quarterly Report.


Hays, the world’s leading recruiting experts in qualified, professional and skilled people.


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