The global banking and payments industry experienced a 21% drop in new job postings related to corporate governance in Q1 2023 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to a 10% decrease versus Q1 2022. Corporate Governance is a growing trend that is affecting all industries, including the Banking & Payments industry. GlobalData’s ESG (Environmental, Social and Governance) in Payments – Thematic Intelligence report details the main trends, industry analysis, M&A activity and case studies in the market. Buy the report here.
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Notably, Management Occupations jobs accounted for a 17% share of the global banking and payments industry’s corporate governance-related total new job postings in Q1 2023, down 28% over the prior quarter.
Management Occupations drive corporate governance-related hiring activity
Management Occupations, with a share of 17%, emerged as the top corporate governance-related job roles within the banking and payments industry in Q1 2023, with new job postings drop by 28% quarter-on-quarter. Business and Financial Operations Occupations came in second with a share of 15% in Q1 2023, with new job postings dropping by 24% over the previous quarter.
The other prominent corporate governance roles include Office and Administrative Support Occupations with a 15% share in Q1 2023, Computer and Mathematical Occupations with a 11% share of new job postings.
Top five companies in banking and payments industry accounted for 38% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q1 2023 were Standard Chartered, HDFC Bank, Citigroup, Edward D Jones & Co, and US Bank. Together they accounted for a combined share of 38% of all corporate governance-related new jobs in the banking and payments industry.
Standard Chartered posted 4,700 corporate governance-related new jobs in Q1 2023, HDFC Bank 2,209 jobs, Citigroup 2,123 jobs, Edward D Jones & Co 1,662 jobs, and US Bank 1,357 jobs, according to GlobalData’s Job Analytics.
Hiring activity was driven by the US with a 39.49% share of total new job postings, Q1 2023
The largest share of corporate governance-related new job postings in the banking and payments industry in Q1 2023 was in the US with 39.49% followed by India (21.25%) and Canada (8.03%). The share represented by the US was one percentage point higher than the 38.58% share it accounted for in Q4 2022.
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GlobalData’s Jobs Analytics uses machine learning to uncover key insights from tracking daily job postings for thousands of companies globally. Proprietary analysis is used to group jobs into key thematic areas and granular sectors across the world’s largest industries. classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
