Accounting and finance https://www.roberthalf.com.hk/ en Talent crunch? Not in risk and compliance this year. https://www.roberthalf.com.hk/blog/employers/talent-crunch-not-risk-and-compliance-year <span class="field field--name-title field--type-string field--label-hidden">Talent crunch? Not in risk and compliance this year.</span> <span class="field field--name-uid field--type-entity-reference field--label-hidden"><span lang="" about="/user/1" typeof="schema:Person" property="schema:name" datatype="">rh_admin</span></span> <span class="field field--name-created field--type-created field--label-hidden">1 January 2024</span> <div class="field field--name-field-eck-ref-featured-image field--type-entity-reference field--label-hidden field__item"><div class="container-fluid rh-eck rh-featured-image-eck-paragraph clearfix"> <div class="row rh-featured-image-eck-paragraph__img-container"> <div id="blog-featured-image"> <div class="rh-featured-image-eck-paragraph__img field field--name-field-eck-featured-image field--type-image field--label-hidden field__item"> <picture> <source srcset="/sites/roberthalf.com.hk/files/styles/full_width_content_image_1x_extra_large_1036/public/2017-10/Talent%20crunch-Not%20in%20risk%20and%20compliance%20this%20year.jpg?itok=XvYmCGOT 1x" media="all and (min-width: 1280px)" type="image/jpeg"/> <source srcset="/sites/roberthalf.com.hk/files/styles/full_width_content_image_1x_large_823/public/2017-10/Talent%20crunch-Not%20in%20risk%20and%20compliance%20this%20year.jpg?itok=YTr1G7od 1x" media="all and (min-width: 1024px)" type="image/jpeg"/> <source srcset="/sites/roberthalf.com.hk/files/styles/full_width_content_image_1x_medium_610/public/2017-10/Talent%20crunch-Not%20in%20risk%20and%20compliance%20this%20year.jpg?itok=KH_svgyO 1x" media="all and (min-width: 768px)" type="image/jpeg"/> <source srcset="/sites/roberthalf.com.hk/files/styles/full_width_content_image_1x_large_823/public/2017-10/Talent%20crunch-Not%20in%20risk%20and%20compliance%20this%20year.jpg?itok=YTr1G7od 823w" media="all and (min-width: 480px)" type="image/jpeg" sizes="90vw"/> <source srcset="/sites/roberthalf.com.hk/files/styles/full_width_content_image_1x_small_480/public/2017-10/Talent%20crunch-Not%20in%20risk%20and%20compliance%20this%20year.jpg?itok=WguRXZqY 480w" media="all and (max-width: 479px)" type="image/jpeg" sizes="80vw"/> <img src="/sites/roberthalf.com.hk/files/styles/full_width_content_image_1x_small_480/public/2017-10/Talent%20crunch-Not%20in%20risk%20and%20compliance%20this%20year.jpg?itok=WguRXZqY" alt="Talent crunch? Not in risk and compliance" title="Talent crunch? Not in risk and compliance" typeof="foaf:Image" /> </picture> </div> </div> </div> </div> </div> <div class="field field--name-field-eck-ref-main-content field--type-entity-reference field--label-hidden field__items"> <div class="field__item"> <div data-eck-id="1530" class="container-fluid rh-eck rh-rich-text-eck-paragraph clearfix"> <div class="row rh-rich-text-eck-paragraph__text-container"> <div class="rh-rich-text-eck-paragraph__text clearfix text-formatted field field--name-field-eck-rich-text field--type-text-long field--label-hidden field__item"><p>Talent shortages in risk and compliance departments across Hong Kong has seen banks become more open to hiring those with relevant skill sets.</p> <p>As a result, risk and compliance departments are being spared the current talent purge taking place in banks across the region.</p> <p>As executives with backgrounds in risk management, compliance, internal audit and information technology continue to be highly sought after as banks double the size of their teams in these areas to combat increased regulation.</p> <p>Anti-money laundering (AML) and countering the financing of terrorism (CFT) skills make up over 60% of vacancies in compliance hiring, according to Andrew Glover, the regional director for International Compliance Association (ICA), a professional membership body.</p> <p>Companies are also seeking to fill the talent shortage with staff training. “The most popular areas we are asked to provide training for include AML and CFT vulnerabilities in trade-based finance and correspondent banking along with sanctions risk, conduct risk and customer due diligence. Fraud and cybercrime are also increasingly making the news,” Glover adds.</p> <div class="text-center text-align-center"><a class="btn btn-primary rh-button-normal" href="https://www.roberthalf.com.hk/research-insights/salary-guide" role="button">DOWNLOAD OUR SALARY GUIDE</a></div> <h2>Transferable skill sets</h2> <p>The talent crunch has also seen more companies open to hiring those with transferable skill sets that are relevant to risk and compliance.</p> <div class="lob-rh rh-w-40 rh-flt-left rh-promo-skin-quote-wrapper"> <div class="rh-promo-skin-quote-body"> <p class="rh-quote">A strong knowledge on business processes helps with the increasing need to implement new regulations and risk standards across various business in banks.</p> <p class="rh-author">Ei Lee Giam, Deloitte Southeast-Asia FSI risk and regulatory compliance leader</p> </div> </div> <p>“Employers are also looking for [candidates] with transferable skill set such as audit and internal control. There is a need to have more review and investigation capability within compliance,” she adds.</p> <p>Accuracy, attention to detail, and high levels of both ethical and professional behaviour standards are also among the skill sets that candidates should possess.</p> <p>Glover believes that communication and interpersonal skills are extremely important. Whilst project management skills are increasingly in demand as financial institutions constantly update and manage multiple layers of complex and interactive operations.</p> <h2>Robo-compliance too?</h2> <p>Even with all these efforts, the limited pool of talent means that hiring costs are skyrocketing. With pay hikes of 20% to 25% are fairly common for new talent.</p> <p>Technology may provide some relief. Giam says that banks have been rethinking their compliance model and adopting technology and analytic systems to manage regulatory risk.</p> <p>“[In this instance,] information technology (IT) knowledge is a useful transferable skill because there is a need to implement systems and applications to support risk and compliance processes.</p> <p>“The rise of adoption in digital financial solutions by financial institutions also creates opportunities for IT talents. Financial institutions need candidates with strong understanding of the technology to manage associated risks,” says Giam.</p> <h2>Multi-track career progression for risk and compliance</h2> <p>Being in a high-growth area means that there are good career prospects all the way to the board level. Other potential specialisations for risk and compliance professionals include financial crime, cyber-attacks and Basel-related initiatives.</p> <p>“Compliance is a discipline that has so many parts. There are multiple roles across all levels of an organisation’s infrastructure and good quality staff is often fast-tracked into more senior roles,” says Glover.</p> <p>As regulators in the region also start increasing their requirements, risk and compliance professionals may also look further ashore. “There are also good opportunities to expand work scope beyond just Hong Kong with the regional regulators [including Singapore] introducing new and enhanced regulatory requirements,” Giam adds.</p> </div> </div> </div></div> </div> <div class="field field--name-field-tags field--type-entity-reference field--label-inline clearfix rh-taxonomy-list"> <div class="field__label inline rh-taxonomy-list__list-name">Tags</div> <dl class='links rh-taxonomy-list__list'> <span class="rh-taxonomy-list__list-term"><div about="/term/accounting-and-finance" id="taxonomy-term-806" class="taxonomy-term vocabulary-tags"> <dt class="rh-taxonomy-list__taxonomy-term"><a href="/term/accounting-and-finance"> <div class="field field--name-name field--type-string field--label-hidden field__item">Accounting and finance</div> </a></dt> </div> </span>, <span class="rh-taxonomy-list__list-term"><div about="/term/newsletter-cl-2024-01" id="taxonomy-term-1381" class="taxonomy-term vocabulary-tags"> <dt class="rh-taxonomy-list__taxonomy-term"><a href="/term/newsletter-cl-2024-01"> <div class="field field--name-name field--type-string field--label-hidden field__item">newsletter-cl-2024-01</div> </a></dt> </div> </span> </dl> </div> Mon, 01 Jan 2024 06:45:05 +0000 rh_admin 1875 at https://www.roberthalf.com.hk How to become a CFO – 7 steps to guide your career path https://www.roberthalf.com.hk/blog/jobseekers/how-become-cfo-7-steps-guide-your-career-path <span class="field field--name-title field--type-string field--label-hidden">How to become a CFO – 7 steps to guide your career path</span> <span class="field field--name-uid field--type-entity-reference field--label-hidden"><span lang="" about="/user/10046" typeof="schema:Person" property="schema:name" datatype="">robert.half</span></span> <span class="field field--name-created field--type-created field--label-hidden">20 November 2018</span> <div class="field field--name-field-eck-ref-featured-image field--type-entity-reference field--label-hidden field__item"><div class="container-fluid rh-eck rh-featured-image-eck-paragraph clearfix"> <div class="row rh-featured-image-eck-paragraph__img-container"> <div id="blog-featured-image"> <div class="rh-featured-image-eck-paragraph__img field field--name-field-eck-featured-image field--type-image field--label-hidden field__item"> <picture> <source srcset="/sites/roberthalf.com.hk/files/styles/full_width_content_image_1x_extra_large_1036/public/2018-11/cfo_hk.jpg?itok=bOu5iMWF 1x" media="all and (min-width: 1280px)" type="image/jpeg"/> <source srcset="/sites/roberthalf.com.hk/files/styles/full_width_content_image_1x_large_823/public/2018-11/cfo_hk.jpg?itok=TTJT4cGh 1x" media="all and (min-width: 1024px)" type="image/jpeg"/> <source srcset="/sites/roberthalf.com.hk/files/styles/full_width_content_image_1x_medium_610/public/2018-11/cfo_hk.jpg?itok=WUYBoWb_ 1x" media="all and (min-width: 768px)" type="image/jpeg"/> <source srcset="/sites/roberthalf.com.hk/files/styles/full_width_content_image_1x_large_823/public/2018-11/cfo_hk.jpg?itok=TTJT4cGh 823w" media="all and (min-width: 480px)" type="image/jpeg" sizes="90vw"/> <source srcset="/sites/roberthalf.com.hk/files/styles/full_width_content_image_1x_small_480/public/2018-11/cfo_hk.jpg?itok=TTCJBTk0 480w" media="all and (max-width: 479px)" type="image/jpeg" sizes="80vw"/> <img src="/sites/roberthalf.com.hk/files/styles/full_width_content_image_1x_small_480/public/2018-11/cfo_hk.jpg?itok=TTCJBTk0" alt="How to become a CFO – 7 steps to guide your career path" title="How to become a CFO – 7 steps to guide your career path" typeof="foaf:Image" /> </picture> </div> </div> </div> </div> </div> <div class="field field--name-field-eck-ref-main-content field--type-entity-reference field--label-hidden field__items"> <div class="field__item"> <div data-eck-id="1660" class="container-fluid rh-eck rh-rich-text-eck-paragraph clearfix"> <div class="row rh-rich-text-eck-paragraph__text-container"> <div class="rh-rich-text-eck-paragraph__text clearfix text-formatted field field--name-field-eck-rich-text field--type-text-long field--label-hidden field__item"><p>Would you like to follow the CFO career path all the way to the C-suite? </p> <p>Perhaps you’re looking for the latest industry trends and resources to help move your <a href="https://www.roberthalf.com.hk/blog/jobseekers/5-finance-career-questions-you-may-be-asked-hong-kong">finance career</a> in the direction you want to go, or you've held several <a href="https://www.roberthalf.com.hk/blog/jobseekers/6-soft-skills-hire-accounting-and-finance-jobs">finance jobs</a> and want to do some career assessment. </p> <p>You may wonder whether your professional experience meets the standard career path for leading the financial operations of a company.</p> <p>Here are seven steps on how to become a CFO and how to guide your career path to acquire the skills you’ll need:</p> <div class="text-center text-align-center"><a class="btn btn-primary rh-button-normal" href="https://www.roberthalf.com.hk/career-advice" role="button">DISCOVER MORE CAREER ADVICE</a></div> <h2>1. Gain broad financial experience</h2> <p>Before you even consider how to become a CFO, you'll need a firm grasp of the fundamentals of budgeting, analysis, compliance, risk management and other accounting principals.</p> <p>As a CFO, your job will be to ensure that the CEO and board's decisions are financially sound, both in regard to resources available and regulatory compliance. Having solid financial experience makes you more apt to make these judgments.</p> <p>Sometimes, especially at small companies, the same person serves as chief executive officer and chief financial officer, making this financial expertise even more crucial.</p> <h2>2. Expand your business and operational experience</h2> <p>Gaining a deep understanding of the business is critical when learning how to become a CFO.</p> <p>You'll regularly meet with the board and collaborate with managers as a CFO. For this reason, you need a broader understanding of the business and operational sides of a company.</p> <h2>3. Widen your customer service experience</h2> <p>Not only as CFO will you be responsible to the board regarding the financial status of a company, but you'll also speak with investors. You'll serve as a conduit between what they want to see from the company and the board.</p> <p>These communications will be frequent, as investors are key stakeholders of the business. Focusing on your communications skills will be crucial to serve this responsibility.</p> <h2>4. Broaden your understanding of technology</h2> <p>With more number-crunching in the cloud, Software as a Service and other innovations permeating the <a href="https://www.roberthalf.com.hk/blog/employers/key-work-habits-4-successful-hong-kong-finance-leaders">finance industry</a>, part of the process of how to become a CFO is understanding the benefits and risks associated with technology.</p> <h2>5. Earn a CPA or MBA</h2> <p>Although CFOs come from various backgrounds, certain certifications and advanced degrees tend to make transitioning into the position easier. CPA qualifications are often the most suited for the role given their wide-reaching skills they represent, including forensic accounting and compliance knowledge.</p> <p>A Masters in Business Administration is often useful in conjunction with the CPA. Earning an MBA is helpful for increasing your business and operational understanding.</p> <h2>6. Consider controller and treasury positions</h2> <p>Like certifications, certain job titles have been held previously by today's CFOs. In particular, many served in controller or treasury functions.</p> <p>These positions can increase your experience with funding and strategy execution, both of which are essential for CFO duties.</p> <h2>7. Prepare to take on expanded roles</h2> <p>The influence of CFOs within their organizations continues to expand. In a Robert Half survey, 85 percent of CFOs interviewed said that over the past three years, their roles have expanded outside of traditional accounting and finance, with human resources and information technology the most commonly cited areas.</p> <h2>Learn how to become a CFO and accelerate your career potential</h2> <p>Ultimately, consider that 57 percent of CFOs are satisfied in their role and don't plan to change careers.</p> <p>Between new roles and continuing education, it may take years to get there, but many who have taken the CFO career path feel it's worth the journey in the end.</p> </div> </div> </div></div> </div> <div class="field field--name-field-tags field--type-entity-reference field--label-inline clearfix rh-taxonomy-list"> <div class="field__label inline rh-taxonomy-list__list-name">Tags</div> <dl class='links rh-taxonomy-list__list'> <span class="rh-taxonomy-list__list-term"><div about="/term/accounting-and-finance" id="taxonomy-term-806" class="taxonomy-term vocabulary-tags"> <dt class="rh-taxonomy-list__taxonomy-term"><a href="/term/accounting-and-finance"> <div class="field field--name-name field--type-string field--label-hidden field__item">Accounting and finance</div> </a></dt> </div> </span> </dl> </div> Mon, 19 Nov 2018 16:00:00 +0000 robert.half 1940 at https://www.roberthalf.com.hk How can finance professionals master superforecasting? https://www.roberthalf.com.hk/blog/jobseekers/how-can-finance-professionals-master-superforecasting <span class="field field--name-title field--type-string field--label-hidden">How can finance professionals master superforecasting?</span> <span class="field field--name-uid field--type-entity-reference field--label-hidden"><span lang="" about="/user/146" typeof="schema:Person" property="schema:name" datatype="">adajoh01</span></span> <span class="field field--name-created field--type-created field--label-hidden">21 October 2017</span> <div class="field field--name-field-eck-ref-featured-image field--type-entity-reference field--label-hidden field__item"><div class="container-fluid rh-eck rh-featured-image-eck-paragraph clearfix"> <div class="row rh-featured-image-eck-paragraph__img-container"> <div id="blog-featured-image"> <div class="rh-featured-image-eck-paragraph__img field field--name-field-eck-featured-image field--type-image field--label-hidden field__item"> <picture> <source srcset="/sites/roberthalf.com.hk/files/styles/full_width_content_image_1x_extra_large_1036/public/2017-11/superforecasting.jpg?itok=3I82ix8v 1x" media="all and (min-width: 1280px)" type="image/jpeg"/> <source srcset="/sites/roberthalf.com.hk/files/styles/full_width_content_image_1x_large_823/public/2017-11/superforecasting.jpg?itok=wvfd8YtB 1x" media="all and (min-width: 1024px)" type="image/jpeg"/> <source srcset="/sites/roberthalf.com.hk/files/styles/full_width_content_image_1x_medium_610/public/2017-11/superforecasting.jpg?itok=wsFpz6OS 1x" media="all and (min-width: 768px)" type="image/jpeg"/> <source srcset="/sites/roberthalf.com.hk/files/styles/full_width_content_image_1x_large_823/public/2017-11/superforecasting.jpg?itok=wvfd8YtB 823w" media="all and (min-width: 480px)" type="image/jpeg" sizes="90vw"/> <source srcset="/sites/roberthalf.com.hk/files/styles/full_width_content_image_1x_small_480/public/2017-11/superforecasting.jpg?itok=xo3e7cd8 480w" media="all and (max-width: 479px)" type="image/jpeg" sizes="80vw"/> <img src="/sites/roberthalf.com.hk/files/styles/full_width_content_image_1x_small_480/public/2017-11/superforecasting.jpg?itok=xo3e7cd8" alt="How can finance professionals master superforecasting" title="superforecasting" typeof="foaf:Image" /> </picture> </div> </div> </div> </div> </div> <div class="field field--name-field-eck-ref-main-content field--type-entity-reference field--label-hidden field__items"> <div class="field__item"> <div data-eck-id="1684" class="container-fluid rh-eck rh-rich-text-eck-paragraph clearfix"> <div class="row rh-rich-text-eck-paragraph__text-container"> <div class="rh-rich-text-eck-paragraph__text clearfix text-formatted field field--name-field-eck-rich-text field--type-text-long field--label-hidden field__item"><p>Predicting the future isn't easy, especially when you're working with a volatile economy.</p> <p>This volatility has made financial forecasting an especially important skill for many businesses.  The latest trend to emerge in this area is 'superforecasting' – harnessing the talents of your very best financial forecasters to gain a competitive edge.</p> <p>So how can you identify and nurture the superforecasters in your business? And how can finance professionals and CFOs master the art of “super” financial forecasting?</p> <h2>What do superforecasters have in common?</h2> <p>While 'big data' is often touted as a window into the future, we continue to live in an unpredictable world. As the Global Financial Crisis of 2008 showed, data-based forecasts can fail in a big way when it comes to predicting future events. Most never saw the crisis coming, but there were a few who recognised the signs – perhaps the most famous case being <a href="https://www.theguardian.com/money/2016/nov/19/big-short-financial-crash-steve-eisman-italy-banks-risk" target="_blank">Steven Eisman</a>, who successfully shorted sub-prime mortgage stocks by recognising their extremely low inherent value.</p> <p><a href="http://www.forbes.com/sites/frankdavid/2015/10/04/superforecasting/#404e2f413be1" target="_blank">Professor Philip Tetlock</a> of the University of Pennsylvania has studied the traits of superforecasters and found that they usually have a few things in common:</p> <ul><li>They break complex problems into smaller, easier-to-solve ones.</li> <li>They compare present events with the outcomes of similar events in the past.</li> <li>They don't over-react to individual pieces of evidence.</li> <li>They are always analysing their mistakes and looking for ways to do things better.</li> </ul><p>Not everyone can be a superstar at superforecasting, but Tetlock says that there are a few ways in which organisational leaders can turn everyone in their company into better forecasters – and discover who are their true superforecasters are.</p> <h2>Training for better judgement</h2> <p>So, how do you uncover the superforecaster within? According to Tetlock in the <a href="https://hbr.org/2016/05/superforecasting-how-to-upgrade-your-companys-judgment" target="_blank">Harvard Business Review</a>, we are all prone to basic reasoning errors that can throw our predictions off the mark. Many are the result of basic cognitive biases and emotional triggers that prevent us from being objective or logical. A good example is the <a href="http://io9.gizmodo.com/5974468/the-most-common-cognitive-biases-that-prevent-you-from-being-rational" target="_blank">gambler's fallacy</a> – expecting a different outcome from a random event based on previous outcomes. For example, if a coin toss results in three heads in a row, that doesn't mean the next toss is more likely to be a tail than a head.</p> <p>Another common type of predisposition is confirmation bias, which is our tendency to agree with people whose views are compatible with our own. Many people also have a habit of adapting their views to influence others or to protect their reputation – after all, who wants to be the one person who gets it wrong?</p> <p>Training your staff to recognise their internal biases can have a huge payoff. A <a href="https://hbr.org/2016/05/superforecasting-how-to-upgrade-your-companys-judgment" target="_blank">Wharton School</a> study found that just an hour of staff training improved the accuracy of people's forecasting by about 14 percent over the course of a year. When applied to finance forecasting, this could translate into huge financial gains.</p> <div class="text-center text-align-center"><a class="btn btn-primary rh-button-normal" href="https://www.roberthalf.com.hk/research-insights/finance2020" role="button">DOWNLOAD OUR FINANCE 2020 REPORT </a></div> <h2>Be open to different opinions</h2> <p>As the 2008 Global Financial Crisis showed, sometimes the best predictions are made by the contrarians.</p> <p>That being said, it's particularly vital that your leading financial superforecasters are domain experts with a firm grasp of various financial concepts such as cash flow, business valuations and cost-of-capital calculations.</p> <p>However, as Tetlock found in his research, non-experts can still provide valuable input. For example, your customer service manager may have recognised an important consumer trend that your finance team has overlooked, or your IT manager may foresee a technology change that will have major impact on your bottom line.</p> <p>Whatever the case, creating a “superteam” of superforecasters can multiply the effectiveness of your forecasting activities.</p> <h2>Trust each other and be open to feedback</h2> <p>Superforecasting is one of many finance skills that can be seen as personally risky because the stakes are often high. Whole reputations can be riding on the success or failure of a new business acquisition, or whether it was the right decision to divest a part of the business.</p> <p>Your superforecasters should feel that they can trust each other and that their management will not react badly if a forecast fails. Tetlock suggests that superforecasting is best performed in an environment where the company's leaders set the strategic course, but empower their employees to make their own decisions.</p> <h2>Superforecasting is a skill worth mastering</h2> <p>Providing timely feedback is essential to improving your forecasting performance in a career in finance. The <a href="https://hbr.org/2016/05/superforecasting-how-to-upgrade-your-companys-judgment" target="_blank">Brier score</a> – which is calculated by squaring the difference between a probability prediction and the actual outcome – is a good way of finding out who your true superforecasters are.</p> <p>By recognising and empowering the superforecasters in your midst, you can help yourself and your organisation make better use of its data to predict finance industry trends.</p> </div> </div> </div></div> </div> <div class="field field--name-field-tags field--type-entity-reference field--label-inline clearfix rh-taxonomy-list"> <div class="field__label inline rh-taxonomy-list__list-name">Tags</div> <dl class='links rh-taxonomy-list__list'> <span class="rh-taxonomy-list__list-term"><div about="/term/accounting-and-finance" id="taxonomy-term-806" class="taxonomy-term vocabulary-tags"> <dt class="rh-taxonomy-list__taxonomy-term"><a href="/term/accounting-and-finance"> <div class="field field--name-name field--type-string field--label-hidden field__item">Accounting and finance</div> </a></dt> </div> </span> </dl> </div> Fri, 20 Oct 2017 16:00:00 +0000 adajoh01 1952 at https://www.roberthalf.com.hk Passport to promotion? Working abroad can lift your finance career https://www.roberthalf.com.hk/blog/jobseekers/passport-promotion-working-abroad-can-lift-your-finance-career <span class="field field--name-title field--type-string field--label-hidden">Passport to promotion? Working abroad can lift your finance career</span> <span class="field field--name-uid field--type-entity-reference field--label-hidden"><span lang="" about="/user/1" typeof="schema:Person" property="schema:name" datatype="">rh_admin</span></span> <span class="field field--name-created field--type-created field--label-hidden">6 July 2015</span> <div class="field field--name-field-eck-ref-featured-image field--type-entity-reference field--label-hidden field__item"><div class="container-fluid rh-eck rh-featured-image-eck-paragraph clearfix"> <div class="row rh-featured-image-eck-paragraph__img-container"> <div id="blog-featured-image"> <div class="rh-featured-image-eck-paragraph__img field field--name-field-eck-featured-image field--type-image field--label-hidden field__item"> <picture> <source srcset="/sites/roberthalf.com.hk/files/styles/full_width_content_image_1x_extra_large_1036/public/2017-10/working-abroad.jpg?itok=jyp8MWPx 1x" media="all and (min-width: 1280px)" type="image/jpeg"/> <source srcset="/sites/roberthalf.com.hk/files/styles/full_width_content_image_1x_large_823/public/2017-10/working-abroad.jpg?itok=Cnojwzjp 1x" media="all and (min-width: 1024px)" type="image/jpeg"/> <source srcset="/sites/roberthalf.com.hk/files/styles/full_width_content_image_1x_medium_610/public/2017-10/working-abroad.jpg?itok=KB3XCFDf 1x" media="all and (min-width: 768px)" type="image/jpeg"/> <source srcset="/sites/roberthalf.com.hk/files/styles/full_width_content_image_1x_large_823/public/2017-10/working-abroad.jpg?itok=Cnojwzjp 823w" media="all and (min-width: 480px)" type="image/jpeg" sizes="90vw"/> <source srcset="/sites/roberthalf.com.hk/files/styles/full_width_content_image_1x_small_480/public/2017-10/working-abroad.jpg?itok=ivYmztBb 480w" media="all and (max-width: 479px)" type="image/jpeg" sizes="80vw"/> <img src="/sites/roberthalf.com.hk/files/styles/full_width_content_image_1x_small_480/public/2017-10/working-abroad.jpg?itok=ivYmztBb" alt="Working abroad can lift your finance career" title="working-abroad" typeof="foaf:Image" /> </picture> </div> </div> </div> </div> </div> <div class="field field--name-field-eck-ref-main-content field--type-entity-reference field--label-hidden field__items"> <div class="field__item"> <div data-eck-id="1480" class="container-fluid rh-eck rh-rich-text-eck-paragraph clearfix"> <div class="row rh-rich-text-eck-paragraph__text-container"> <div class="rh-rich-text-eck-paragraph__text clearfix text-formatted field field--name-field-eck-rich-text field--type-text-long field--label-hidden field__item"><p>Accepting a position abroad might be the right move to give your career a boost.</p> <p>Being a talented, hardworking professional is not always enough when it comes to securing a new finance job or your next promotion. The reality is, however skilled and experienced you are – and ready to take the next step on the career ladder – there are sometimes others who are slightly ahead in the race.</p> <p>But what if you’re not prepared to sit back and wait for your natural turn to progress? Are there any ways you can jump the queue, or improve your chances of success when you apply for an external opportunity? Working overseas can be an option in this case for your finance career.</p> <div class="text-center text-align-center"><a class="btn btn-primary rh-button-normal" href="https://www.roberthalf.com.hk/research-insights/finance2020" role="button">DOWNLOAD OUR FINANCE 2020 REPORT </a></div> <h2>Benefits of working abroad with a finance career</h2> <p>In an increasingly globalised world of business – where trade and commerce takes place 24/7 around the world – employers are looking for culturally-sensitive individuals, with linguistic skills and experience that’s earned from working in different jurisdictions.</p> <p>Companies operating in global markets need people who understand different working customs, cultures and ways of doing business. And when given the choice between two credible job candidates – both of whom are equally talented and look like a good fit for the organisation – employers will often choose the one who has experience working abroad.</p> <p>Working overseas can help professionals advance their careers in a number of ways. It helps develop cross-cultural understanding and other perceived benefits, which include communication and linguistic ability, global market understanding, specific product knowledge, improved work ethic, job satisfaction, technical expertise and international accounting, regulatory and/or banking standards.</p> <h2>Are professionals taking advantage?</h2> <p>Employers recognise the benefits of overseas working experience and clearly value globally minded finance professionals who have spent time on secondment in another country. But despite the advantage it can give jobseekers – and those seeking rapid promotion – relatively few people are taking advantage of the opportunity.</p> <p>As it stands, due to the relatively small number of people who have foreign experience on their CV, this additional aspect can be highly valuable from a finance career perspective.</p> <h2>Securing a placement abroad</h2> <p>So what can you do to land an international assignment? The first and most obvious step is to work for a global organisation. If your employer has a base in the major finance centres, relocating employees is likely to be fairly fluid.</p> <p>Developing global networks is another top tip. Establishing contact with international professional associations can help build your network, which can increase your knowledge of other jurisdictions and global business issues.</p> <p>Keeping in touch with recruitment agencies can also prove beneficial, as they may be asked by a client to identify suitable candidates for overseas work. If you have built and maintained a relationship with a local agency, they may come to you first when an exciting opportunity arises.</p> <h2 class="rtecenter">In summary</h2> <p>The rapid pace of globalisation and adoption of global regulatory and banking standards are driving demand for professionals with global business experience. Yet despite the value of international know-how, relatively few professionals are able to list overseas placements on their CV.</p> <p>So if you’ve spent time overseas with your financial career, you’re likely to have a head start on other candidates for a new job or promotion. You still need to make sure your skill set is up to date, but ultimately, international experience can make all the difference.</p> <div class="text-center text-align-center"><a class="btn btn-primary rh-button-normal" href="https://www.roberthalf.com.hk/jobseekers/submit-resume" role="button">SEND US YOUR RESUME TODAY</a></div> </div> </div> </div></div> </div> <div class="field field--name-field-tags field--type-entity-reference field--label-inline clearfix rh-taxonomy-list"> <div class="field__label inline rh-taxonomy-list__list-name">Tags</div> <dl class='links rh-taxonomy-list__list'> <span class="rh-taxonomy-list__list-term"><div about="/term/accounting-and-finance" id="taxonomy-term-806" class="taxonomy-term vocabulary-tags"> <dt class="rh-taxonomy-list__taxonomy-term"><a href="/term/accounting-and-finance"> <div class="field field--name-name field--type-string field--label-hidden field__item">Accounting and finance</div> </a></dt> </div> </span>, <span class="rh-taxonomy-list__list-term"><div about="/term/newsletter-ca-2023-12" id="taxonomy-term-1246" class="taxonomy-term vocabulary-tags"> <dt class="rh-taxonomy-list__taxonomy-term"><a href="/term/newsletter-ca-2023-12"> <div class="field field--name-name field--type-string field--label-hidden field__item">newsletter-ca-2023-12</div> </a></dt> </div> </span> </dl> </div> Sun, 05 Jul 2015 16:00:04 +0000 rh_admin 1850 at https://www.roberthalf.com.hk