BFSI captives hunt for leadership talent
Companies like Barclays, TransUnion, and OakNorth among others are hiring leaders in technology, particularly for roles in cloud, artificial intelligence and machine learning, but also cybersecurity, risk management, and compliance.
BFSI GCCs employ between 3,20,000-3,60,000 professionals, accounting for 20-25% of the total GCC workforce, and 30% of digital banking products produced globally are developed in India, according to ANSR, which specialises in setting up and managing GCCs. Those in the BFSI space are not hiring as strongly as some other sectors, but there is a steady rise in demand for leadership roles in banking and markets operations, and in asset and wealth management, it said.
Executive search firms ET spoke to said candidates from product organisations are tapped for technology hiring, and for non-technical roles, domain and functional expertise remain paramount.
Compensation ranges at around Rs 1 crore for those with 18-25 years of experience. For CFO roles, packages could be in the range between Rs 2-4 crores.
The ramp-up in leadership hiring within GCCs is driven by economical operational benefits coupled with the development of new products and services in India, said Leena Rajput, senior client partner, Korn Ferry.
“There is an emphasis on technology hiring, particularly for roles associated with cloud, artificial intelligence and machine learning,” said Rajput.
Many BFSI players are pressing the reset button to ramp up their presence in cybersecurity, AI/ML, cloud, data protection,
