Executive recruitment in the Banking sector

London is one of the world’s leading business centres, and this is largely down to the number of banks and financial institutions that are based in and around the City. Far from being the stuffy banks of the mid 20th century, they are now huge businesses, employing hundreds of thousands of people and with a diverse business base.

From a high street bank manager, to a high-flying corporate banker, financial institutions are recruiting all the time. The job of a bank is to make money and when it comes to hiring senior staff, they are extremely specific about what they need in order for their institution to stay ahead of the competition. For this reason, many banks and financial institutions use executive recruitment consultants to find them the right people for the job.

International finance, business loans, equities, futures, pensions, trust funds: these are just some of the areas that today’s banks cover, and they need top quality executives in every area of their business. Competition for market place is intense in the banking sector, as is the competition for the best jobs. City workers are as well known for working long hours as they are for their Christmas bonuses, and it’s hard work, experience and networking that helps banking professionals climb the executive ladder.

Executive recruitment agencies that have experience sourcing candidates for the banking centre are the agencies of choice. They will already have their own database of potential applicants who are well-qualified, with lots of experience and skills, and who can show the financial impact they’ve had in their previous positions. If there isn’t anyone on their database that is suitable for a particular role, then they use their extensive network of contacts to find those people who are currently working in similar positions and may be interested in a change. Although banking employs many thousands of people, it’s a fairly small community, so there will be institutions that people would be happy to have the opportunity to work with, and executive recruitment consultants can use that knowledge to convince someone to submit their CV for the post. Once they have shown an interest in the post, the consultant can ask them for an interview and pass their name onto the client.

At Burns Carlton, we can source excellent candidates for banks and financial institutions and our London office means we’re right on the doorstep of some of the world’s largest banking businesses. Call us on 0113 360 2000 or email us at financial@burnscarlton.com for more information on how we can help.