Dubai: A plethora of opportunities await jobseekers in the finance sector today, as a number of banks in the UAE are on a hiring spree, a recruitment specialist said on Tuesday.
Those that have recently opened up vacancies to finance professionals include Standard Chartered, Abu Dhabi Commercial Bank, Mashreq and Emirates NBD, among many others.
Positions up for grabs are credit analyst, senior relationship manager, investment specialist, wealth manager and senior products sales manager. These vacancies are being offered to non-UAE nationals.
According to the latest Monster Employment Index, more jobs are available in the UAE today, with the country’s banks leading the pack and increase in hiring activity.
Job vacancies posted online for the UAE’s banking and finance industry rose by 38 per cent in March compared to a year ago.
“The banking and financial services industry are hiring the most,” Monster.com reported.
Sanjay Modi, managing director, Monster.com for India, Middle East, Southeast Asia and Hong Kong, attributed the increase in hiring to the strong economic recovery in the UAE.
“Ahead of Dubai Expo 2020, spending on infrastructure is accelerating, the government is pushing for the development of the non-oil sector and project financing is set to increase,” Modi told Gulf News.
“The regulatory environment is also evolving, with the recent introduction of Al Etihad Credit Bureau, developed to increase trust in UAE’s financial market and avoid a repeat of the crisis. All these positive developments help create more jobs – sourcing the right talent to help sustain growth is critical to the future development of the UAE’s financial sector.”
Despite the fall in oil prices, banks in the UAE continued to post positive growth. As of 2014, financial institutions in the country enjoyed better liquidity, while loans and advances increased by 7.9 per cent during the first ten months of last year alone.
Modi said that hiring for finance and accounting professionals is also rising. “Online job postings [for these professionals went up] 43 per cent for the UAE market and 67 per cent for the region,” Modi added… see more