6 Futuristic Jobs in Finance

Jobs in finance are shifting rapidly. As the financial industry begins adapting new technology like data analytics and AI, a major shift is looming for the job market. Research predicts that this digital transformation of capital markets will result in 400,000 jobs being lost within the next decade in sectors like investment banking, brokerage, and asset management [1].

However, this isn’t entirely bad news for your job search. With the industry expected to spend $2.8 billion in 2021 adopting AI technologies, opportunities will emerge in the new financial job market. Those who can manage emerging technologies and respond to the new demands of the industry will be the most successful. Additionally, job posting volumes from US and European banks in 2019 showed a 35% increase in roles working with tech and data, with 66,000 new jobs to be created by 2030.

6 Futuristic Jobs in Finance to Watch For

1) FinTech Product Manager

Product managers are the leaders who decide how a new product is designed, implemented, and monitored; they are big-picture thinkers responsible for pleasing a range of stakeholders by innovating solutions that can help banks optimize and improve processes. Surveys have found that 95% of financial institutions are now seeking to incorporate FinTech product solutions, with the most promising opportunities being in the expansion of products and services, leveraging data analytics, and increasing customer base. Clearly, the demand for competent and technologically savvy product managers will be critical to the future of the industry.

2) App Developer

Mobile payment technology and online banking is on the rise. As a result, there has been incredible growth in the financial app market, leading to massive demand for app developers. Studies by the Canadian Financial Consumer Agency have revealed that 51% of younger Canadians look to online resources first for financial advice, and that mobile apps are currently the most common budgeting tool among all Canadians, with 20% of those surveyed choosing an app for their budgeting needs. The organization also predicts “tremendous growth in the volume of m-payment transactions in the near future,” ensuring that app developers will remain vital in creating the financial tools of the future.

3) Cybersecurity Analyst

The rise in financial services technology has also created many problems. Foremost among them being the issue of security. The Bank of Canada reported last year that the finance and insurance industry represented nearly 20% of all cyberattacks and lost data incidents, the highest of any sector. Thankfully, this creates a booming job market for cybersecurity professionals. Cybersecurity Ventures recently projected an estimated 3.5million vacant positions in cybersecurity for 2021.

4) Culture Champion

In order for a company to successfully navigate challenges facing the finance industry, a strong corporate culture is key. Culture Champions are the vanguards of these HR policies who are in-charge of building and maintaining a good corporate image. In order to attract and retain top talent, HR leaders must focus on 3 key areas: positivity, innovation, and entrepreneurship.

The Institute for Corporate Productivity found in 2019 that 2/3 of companies surveyed were undergoing workplace culture change, but only 15% of those with at least 1,000 employees reported these endeavors as “highly successful”. Culture Champions are the experts in raising these statistic and getting the most out of your corporate culture. According to Microsoft executive Satya Nadella, “Our ability to change our culture is the leading indicator of our future success.”

5) Cryptoforecaster

With a growing market of cryptocurrencies, financial institutions have begun to examine how they may utilize this emerging field. However, inconsistent regulation and policies around cryptocurrencies make it difficult to mass adoption. The ability to analyze and predict events in the cryptocurrency world, therefore, is growing more important. With Bitcoin losing market share to the proliferation of other cryptocurrencies, forecasting the future will be critical for successfully navigating the future financial industry as forecasters aim to predict its rapidly changing regulations and fluctuations.

6) AI Specialist

The finance industry was one of the earliest to adopt AI, seeing its applications in trading, wealth management, and investment banking. Now, according to LinkedIn, the top emerging job of 2020 is the AI Specialist, with hiring for this role rising by 74% over the past four years across industries. With the expansion of AI in financial services, lucrative positions will become available for those with the ability to lead innovative new projects.

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