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techsuch May 9, 2021 0 Comments

10 Best FINTECH Careers and Jobs for the FutureReading Time: 8 minutesIf you are interested in a finance career these days, you probably know aboutFINTECH, which is defined as the evolving intersection of technology andfinancial services. These are companies that are able to leverage newtechnology to create new, better financial services for consumers andbusinesses. FINTECH can include all sorts of companies that may operate ininsurance, payments, asset management and personal finance management.FINTECH is technology that is used in financial services to help firms tomanage various financial aspects of their business, such as new software,applications, processes and business models.“I think the biggest change is that people are going to receive financial helpbefore they even know it. It’s a combination of big data and artificialintelligence. We’re going to be able to be more intelligent about people’sspending habits, their health, their lifestyles. [We’re] going to get moreeffective at predicting what they’re going to need for different scenarios ofspending and saving – when people are likely to get married, when you arelikely to have a baby, etc….” (WIRED Money 2017 speaker Nick Hungerford, CEOof Nutmeg)FINTECHs are largely start-ups that are in direct competition with traditionalfinancial and banking institutions, and in some respects took them bysurprise. Today, FINTECH operates in dozens of countries, and are slowly takenover small chunks of the financial services industry to provide financialproducts and services that were once only available through large financialinstitutions.## FINTECH TechnologiesFirst off let’s understand the technologies behind what powers FINTECH.Artificial intelligence and new sorts of distributed ledgers, includingblockchain, are the most important emerging FINTECH technologies. About 30% oflarge financial organizations are putting money into AI.> According to, 60% of C-level executives in a recent survey> conducted by Constellation Research said they will be increasing investment> in AI in 2018 by 50% than in previous years.Regarding blockchain, PWC has found that 75% of financial services firmsintend to adopt blockchain as part of their in production systems andprocesses by 2020. But this is the big boys only playing catch up. FINTECHcompanies have offered AI, blockchain and cryptocurrency solutions to thepublic for years.#### Featured Graphic ChartThe following chart from CBInsights (Global Fintech Report Q1 2018) is a data-driven look at global financial technology investment trends, top deals,active investors, and corporate activity.Because FINTECH is becoming so popular and part of the financial servicesindustry, there are many tantalizing career options in the field for financestudents and professionals to consider.## FINTECH Jobs of the FutureBecause the main drivers of FINTECH are AI and blockchain, you’ll see a numberof jobs and degree options in these areas:#### 1. Blockchain DeveloperThis growth will greatly increase the need for blockchain experts, such asblockchain developers.> According to, requests for block chain programming talent are> soaring. According to the freelance talent marketplace Upwork, blockchain> rose to one of the fastest growing skills ouf of more than 5000, and there> was a year over year increase of more than 35,000%.Interested in becoming a blockchain developer? You should learn theseprogramming skills: * Hyperledger Fabric: Enterprise blockchain framework that uses modularity and scalability to support changing business rules. * Ripple: Payment protocol for distributed payments, exchanges and remittances. * Solidity: Smart contract development on the network Ethereum.#### 2. Apps DeveloperThe FINTECH apps market has seen spectacular growth over the last severalyears. Global app downloads and consumer spending have been hitting recordlevels, according to recent reports. The demand for mobile payment solutionsand personal finance is only growing, as it is being driven by an appetitefrom younger generations of tech-savvy consumers.Millennials also are more likely to use their increased ability to makepayments securely on their phones.> Visa has reported more than ⅓ of users made a peer to peer digital payment> over a mobile device, and ⅗ have sent money to family with a mobile device.There will be a stronger need in future years for financial technology appdevelopers to serve this booming market.#### 3. Financial AnalystA financial analyst is responsible for managing budgets against incomingincome forecasts. Depending upon the size of the firm, you could be an analystfor a single division or the entire company. Financial analysts assemblefinancial reports and do forecasts of incoming revenue, as well as runbusiness studies. See full financial analyst salary outlook.> Financial analyst jobs in FINTECH are in great demand as startups continue> to grow.These new financial services businesses need financial analysts to managetheir revenue, but they also need new graduates to work with clients toanalyze the data through the use of whatever startup or tool the company hasbuilt.Demand in this field is only going to grow, as venture capital funding inFINTECH hit $13.6 billion in 2016.#### 4. Product ManagerProduct managers are now regularly needed to handle the oversight of manyFINTECH products. For example, a listing on has an opening for aSenior Product Manager for a well funded blockchain startup that works in thedata security space. Product management work dovetails with initiatives incryptography, encryption, online identity and security.The product manager will design, architect, and develop a decentralizedblockchain network that allows strong data security, strong control of data,easy integration, creation of new profit centers and reduction of cost.Skills are needed in Agile and Scrum, as well as three years of experience asa technical product manager. See full salary outlook for product manager.#### 5. Compliance ExpertAs the regulatory burden in FINTECH grows, there will be more complianceexperts, compliance officers, and compliance analysts working in thesefinancial companies.> In fact, the major area in finance that has seen steady job growth since the> financial crisis has been in compliance, legal and risk areas, Reuters says.The Wall Street Journal has even wrote that compliance officer is one of thehottest jobs in the country. See 5+ best compliance management degreeprograms.#### 6. Cybersecurity AnalystOnline thieves and hackers always go where the money is. Financial serviceswill always be a major target. According to research from IBM’s X-Forceresearch team, the financial services industry has been attacked more than anyindustry since 2016. But the cyberskills security gap is large and growing.See 5+ best Cybersecurity degree programs.> A report by Cybersecurity Ventures recently estimated that cyber crimes will> be triple the number of job openings in the next five years. There also will> be at least 3.5 million unfilled cybersecurity positions by 2021.Demand is red hot for these workers in FINTECH.#### 7. Quantitative Analyst‘Quants’ are the smart people who write the big, complex financial models.They are the ones behind the data-driving trading technology that largeinvestment banks and hedge funds use to trade securities and analyze risk. Asbig data continues to rise, quants are becoming more important in FINTECH todevise models that can sort through the massive amount of data and automatethem so that trading can be a mostly automatic process. See 5+ bestquantitative analysis degree programs.> The Wall Street Journal recently wrote that the quants now run Wall Street.> There are so much in demand that their compensation packages can be as high> as $500,000 per year.These math, computing and finance experts are also sought by FINTECHcompanies; quantum computing is important to develop the algorithms of thefuture.#### 8. Culture ChampionsSure, this sounds like a feel good job title, but for FINTECH firms, apositive, innovative and entrepreneurial image is important to success astheir employees are the best advertisement for their brand. FINTECHs mustensure all workers are happy and fulfilled.Keeping talent is so important because hiring the most skilled candidates inthe biggest expense of the FINTECH, but also is vital to future development.HR champions and culture evangelists who can build and maintain a diverseworkplace will be in great demand.#### 9. Business Development ManagerBusiness development managers are very important in FINTECH organizationsbecause they help to generate new income and help many startup companies togrow. Business development managers look for new markets, new businesspartnerships, and new ways to tap existing markets. See full salary outlookfor business development managers.Business development managers also: * Generate new leads and call on cold prospects to sell FINTECH services * Develop new opportunities in new target markets with marketing support * Nurture and develop business relationships with new FINTECH accounts * Provide specific advice on the FINTECH product or service you are selling#### 10. Data SpecialistDeloitte recently highlighted the important strategic role of data in a reportwith the World Economic Forum about trends affecting the financial servicesindustry. Innovation that emerges will allow financial companies to haveaccess to new sets of data, including social data, and allow new ways tounderstand markets and customers. See 5+ best data analytics degree programs.As clients are more empowered by the Internet and digital technologies,clients are becoming more proactive and want new financial services companiesto give them more individual services tailored to their needs. So, there willbe a need for data scientists, chief data officers, financial data analystsand data analytics managers needed to sift through information that canprovide more insights into their markets.## Suggested FINTECH Job SkillsIf you want to position yourself to be recruited for a lucrative FINTECH job,below are the most popular technology skills searched for by recruiters in theeFinancialCareers CV database: * Java: This programming language is nearly always in job descriptions for investment bankers. It is the programming language that causes headaches for recruiters because there is a shortage of talent. Banks want Java workers to work on order management systems, low latency training programs and more. JP Morgan, Goldman Sachs and UBS all want Java programmers. * Business/Finance analyst: Higher demand suggests that banks are thinking in a strategic way about implementing new IT projects. Banks are hiring process change specialists who understand how to do overhauls of back office products and also compliance reporting. * C#: The big buzz phrase is ‘building risk weighted asset tools.’ In the risk and analytics team, and possibly partnering with offshore developers C# programmers who can assist banks to devise tools to calculate RWAs are in high demand. * Murex: Most jobs that want this knowledge are less about a specialist in the language and more focused on having familiarity with it in a broader list of technical skills. Many consultancies want Murex as an important skill on their strategy teams. Quants also are wanted with this knowledge so they can integrate analytics with Murex. * Python: This is a red hot skill for developers in the financial sector. Major banks such as JP Morgan and Bank of America Merril Lynch are employing thousands of developers cranking out Python code. It is becoming a mainstream language for many software products. The trend these days is to bring in Python developers for new interest rate derivatives platforms.## Who’s Hiring: Current Open FINTECH JobsSo who is hiring in FINTECH? The question is more like, who is NOT hiring? Abrief review of open FINTECH jobs listed on reveal companies hiringfor these positions: * Bank of America – SAS/SQL Analytics and Reporting Analyst * TradePMR – Help Desk Engineer * ETFLogic – Fintech Quantitative Developer * OppLoans – PostgreSQL DBA * Frog – Senior Strategist Financial Services * Perpay – Data Analyst * Wachsman – Strategy Analyst/Associate * Correlation One – Business Development Associate * Passport – Associate Product Manager * Acorns – Finance and Strategy Analyst * Figure – Associate Product Manager * Shogun – Associate Product Manager * Finicity – Junior Developer * Liberty Lending – Entry Level Finance * E*Trade Financial – Visual Designer * Bank of America – BP, Customer Loyalty and Engagement * Unison Home Ownership Investors – Treasury Manager * TradePMP – Help Desk Engineer * Fintch/Insurtech Space – Senior UI Architect * Coinbase – Senior Financial Analyst * CITI – Engineering Manager FINTECH * CITI – FinTech Product ManagerFINTECH is a rapidly growing space that most students and professionals willwant to learn more about in the future, as so many high-paying jobs are goingto be in this sector.More on References

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