There were 31,050 jobs posted in the period 7 March 2021 to 13 March 2021 according to the GlobalData job analytics tool. This represents a 16.25% decrease from the previous weeks total of 37,076.

This week saw JP Morgan resume its top spot for job postings across the banking sector with 2196 roles. Unsurprisingly, JP Morgan was followed by Citigroup and Banamex with 1848 and 1539 postings respectively. Wells & Fargo was in fourth place with 848 jobs.

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In the news this week, JP Morgan it announced plans to hire over 100 financial advisers in the Phoenix metro area by 2022.

The company is hiring new employees to offer remote professional financial advice for clients who prefer to engage through video and phone. The move is aimed at strengthening its US wealth management business and its new remote financial advice offering.

JP Morgan Wealth Management head of National Branch Boaz Lahovitsky said: “National Branch adds to the exceptional service we offer from branches and offices and gives us the capacity to truly serve our clients how, where and when they want.

“The Phoenix metro area will play a crucial role in the expansion of our remote advice offering and shows JP Morgan’s continued commitment to the city.”

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American banking group Wells Fargo also hit the headlines after ditching the Abbot Downing brand and moving the business, which serves the ultra-rich, under its larger private bank brand. The move follows the ongoing revamp in the bank’s wealth management division under its wealth and investment-management head (WIM) Barry Sommers.

Launched a decade ago following the combination of two legacy family office businesses, the Abbot Downing brand caters to UHNW individuals, families, foundations, and endowments.

Commenting on the development, Sommers said: “The name may change but our commitment to the business, our clients, and our advisors serving these clients is steadfast. This business is an important part of WIM with significant potential for growth, and we will continue to serve the specialised needs of our ultra-high-net-worth clients in the manner they have come to expect.”

Overall, the highest number of jobs posted were in North America with 15,850. Asia Pacific was second with 7251, followed by Europe with 6460, Middle East & Africa with 787 and South & Central America with 701.

Globally, most jobs were junior level with 13,151 postings. This was followed by 8730 mid-level positions, 7244 at entry level and 1925 senior positions.