CGFT is expected to become an important label for financial institutions to recruit fintech talents

2022-07-13 0 By

Wang Cheng (pseudonym), an IT major graduate who has been working for only two years, has planned to quit his job after the Spring Festival.”In the past two years, banks and other institutions have been more active and stable in recruiting their majors than Internet companies,” he told Securities Daily.Compared with Internet companies, NOW I want to job-hop to a bank or other institutional financial institutions.”Similarly, in several CGFT student groups as well as some fintech professional groups, students or industry insiders post their fintech job recruitment information almost every day. “Hot” is not an exaggeration to describe the current recruitment market.In fact, this is only a microcosm of the fintech talent market. In addition to the annual spring and autumn recruitment, many institutions have been recruiting fintech talents on a regular basis.Ahead of the Spring Festival, shenzhen Fintech Research Institute (FINtech Research Institute of THE People’s Bank of China) updated its recruitment information for 2022, recruiting 137 full-time positions.Among the 137 full-time positions, there are 86 technical positions (including mobile application architect, development engineer, technical manager, etc.), accounting for more than 60%.On February 14, Du Xiaoman posted nearly 20 hot positions on its recruitment website, such as credit C-end user operation, data analysis expert, business analysis expert, etc., with salaries ranging from 15,000 yuan to 45,000 yuan and corresponding years of work experience ranging from one to five years.On February 14, JINGdong Technology released more than 130 recruitment information, with the highest demand for product managers and development engineers. The salary of most positions is between 30,000 yuan and 70,000 yuan, and the salary of some senior architects can reach 110,000 yuan, and they can get 15 months ‘salary a year.The fintech subsidiaries of banks are also in high demand.According to the social recruitment notice for 2022 issued by ABC Fintech Co., LTD, the company will set up 22 positions in technical management, software research and development, and market operation in 2022, which are open to users who meet the registration requirements all year round.CCB Fintech Also opened a number of technical positions in artificial intelligence, big data RESEARCH and development, data analysis and other fields for graduates in 2022.On the recruitment website, there are more specific job requirements and salary levels of Beiyin Financial Technology Co., LTD. (hereinafter referred to as “Beiyin Financial Science”).The position of asset system product Manager is available on February 12. The position requires bachelor’s degree or above and a monthly salary of 20,000 to 40,000 yuan.For the remaining positions, the salary is also based on work experience, and the salary ranges from 15,000 yuan to 40,000 yuan.CAI Wenjie, a fintech practice partner at FalconTalent, a consulting firm specializing in technology recruitment in the financial industry, and a guest lecturer at CGFT Project Management Office, said, “Since last year, there has been a shortage of talent in technology research and development, data, algorithms, products and information security in the fintech field.In particular, Shanghai, Beijing and the Hong Kong-Guangdong-Macao Greater Bay Area have the greatest demand for technology r&d jobs.”Compared with previous years, the flow of talent now tends to go to large traditional financial institutions, with banks and other large financial institutions being the main inflow direction.”The survey shows that in recent years, banks and other financial institutions are very obvious to the willingness of “digital” talent reserve and forward-looking layout awareness.On February 6, the head offices of agricultural Bank of China, Postal Savings Bank of China, Bank of Communications, China Recruitment Bank, China Minsheng Bank, Shanghai Pudong Development Bank, Industrial Bank of China, Nanjing Bank and other provincial branches started the spring “Recruitment war” to lock up high-quality talents in advance.In the context of contact-free, artificial intelligence and big data reshaping the industry, banks are “hungry for fintech talent”. In their recruitment announcements, several banks also expressed their vision of building a team of tech-oriented talents: “Candidates with a background in economics, finance and information technology are preferred.”Industry insiders say that multi-disciplinary fintech talents can play a pivotal role in financial institutions’ digital transformation, connecting business needs with R&D and possessing planning thinking skills.”These people tend to have a solid technical foundation to build high-concurrency, high-performance, high-availability infrastructure;Understand distributed, microservices and other technology frameworks, and have the ability to select technology architecture, as well as experience in the Internet of Things, big data and cloud computing.”Fintech technology application scenarios are constantly innovating, financial institutions are evolving with The Times, and the requirements for talent are constantly changing.For example, last year, when the concept of yuansu caught fire, CCB Financial Science, a wholly-owned subsidiary of CCB, recruited yuansu financial engineers to be responsible for the bank’s yuansu financial scenes and key technology exploration.In the opinion of Sun Yang, senior researcher of fintech in Jiangsu Suning Bank, the threshold of the fintech industry itself is high, especially for technical talents, who belong to the “pragmatic and practical type”. They should be able to make rational use of blockchain, cloud computing, Internet of Things and other technologies, and carry out in-depth reconstruction.Companies “pay a lot of money for talent” and are more inclined to hire people who can bring practical help to their business and digital transformation.On October 22, 2020, the People’s Bank of China officially released the Fintech Development Indicators (JR/T 0201 — 2020), a standard for the financial industry.Among them, “fintech talent investment” is one of the important indicators to measure the fintech development level of financial institutions.However, based on all kinds of public information, financial institutions still have a misunderstanding of the role of digital talents, and there are shortcomings in the training of financial technology talents.Liu Bin, consultant member of CGFT and director of Finance Research Office of China (Shanghai) Free Trade Zone Research Institute, said in an exchange with CGFT project Management Office that currently financial institutions have many deficiencies in talent reserve and cultivation of digital transformation.Take banks as an example. First, the current fintech talents of banks are mainly from computer, software and other related college graduates, who are unable to meet the financial technology needs of banks in the short term.Second, the lack of unified standards and norms for the cultivation and identification of fintech talents at the national level makes it difficult to quantify and standardize the ability of fintech talents;Third, banks are relatively simple in the ways and means of talent reserve and training, and need to use external resources to effectively solve the problem of talent shortage. These problems need to be paid attention to by the industry.Specific directions have been put forward at the policy level for the future goals of digital transformation of banks and other financial institutions, as well as the fintech talent training issues that are related to the high-quality fulfillment of the goals.On the eve of the Spring Festival, the People’s Bank of China issued the Fintech Development Plan (2022-2025), proposing to “formulate relevant standards for fintech talents, accelerate the construction of fintech talent teams, and establish and improve the in-service talent training system”.CBRC General Office, on the other hand, issued the Guiding Opinions on the Digital Transformation of the Banking and Insurance Industry (hereinafter referred to as the Guiding Opinions), which clearly stated, “Vigorously introduce and cultivate digital talents.Encourage the recruitment of technical professionals to board or senior management positions.Focus on the introduction and training of financial, science and technology, data interdisciplinary talents “.For how to better develop financial science and technology talent, alleviate the contradiction between supply and demand, CGFT certification project management office that financial institutions can by introducing CGFT certification program to cultivate innovation, practicality, specialization and internationalization of financial science and technology talents, for the financial innovation of science and technology development of the enterprise and the enterprise long-term development power savings.For the future, CGFT project Management Office feels a great responsibility, which must be disappointing, and will do its best to enhance the value of the First level certification.As more and more financial institutions recognize CGFT, CGFT is expected to become a “label” for multi-disciplinary fintech talent, helping CGFT holders in employment, job transfer, salary increase and promotion.