Top financial talent in high demand
High-end jobs are flourishing with the launch of China-initiated new financial institutions, and an imminent change in share-listing rules in the domestic market.
Industry experts say this is just part of the booming demand among Chinese companies for global managerial talent in their overseas expansion and business transition.
The recruitment wave is being led by the Asian Infrastructure Investment Bank, an intergovernmental regional development investment service that was formally established last week.
The AIIB posted five job vacancies on its English-language website six days before its official establishment on Dec 25, and 33 other vacancies in the following days.
The Silk Road Fund, a development financial institution funded solely by China, has advertised 10 positions on its website since Dec 10.
A Web survey conducted by ChinaHR.com found that recruitment of high-end financial service managers has risen throughout the year. The first three quarters saw a doubledigit rise in many coastal areas, ranging from Shenzhen.
Applications have closed for director-general-level positions, vice-presidents, chief financial, investment and administrative officers at the AIIB. The Ministry of Finance has said that recruitment is continuing and more posts will become available.
Interest for the top-level jobs has been high. Professionals in China’s banking sector had been inquiring among themselves about how to submit their CVs to the bank’s Multilateral Interim Secretariat, which at that time had not started open hiring.
Jin Liqun, secretary-general of the secretariat and
to president-designate of the AIIB, told Xinhua News Agency that the bank will hire employees transparently. They must have good work ethics, outstanding professional expertise and strong commitment.
“There will be no lifelong positions here. All employees will have a one-year probation period,” Jin said.
A manager at a Chinese securities brokerage, who applied for an AIIB position and requested anonymity, said experience with such a bank would be a career highlight. “I just feel the bar is high and competition will be fierce,” he said.
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