T+O+M BLOG

In case you missed the T+O+M Talk video, here's a summary from Anita Ivanoski on recruitment activity for Banking & Lending at the start of 2023. 

• Whilst the lending market is segmented, meaning there are different trends in different areas, from a macro economic perspective there has been a normalisation of new loan applications, more refinances, tighter credit policies & higher rates. However, there are also lots of homebuyer incentives and a variety of non-banking lenders willing to finance non-performing borrowers.
• This means that there are plenty of opportunities for work in;
  • the distribution space for mobile lending or branch lending roles
  • Credit operations and product
•  For candidates, experience is key such as a strong credit ability and strong referral networks.
• As elsewhere, salaries are levelling out so candidate’s should be careful not to price themselves out of the market but employers should also be cognisant of candidate’s current salaries when making an offer.
• Candidates are understandably focussed on job security so hiring campaigns should be targeted and the company’s values and flexible working options such as hybrid working promoted.