The global banking and payments industry noticed a 2.6% rise in IT hiring activity in July 2021 over the previous month, led by JPMorgan Chase’s 7.64% share, according to GlobalData’s Jobs Analytics database.

The banking and payments industry’s overall hiring activity increased by 0.26% when compared with June 2021.

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Noticeably, IT jobs accounted for a 16.38% share of the global banking and payments industry’s hiring activity in July 2021, up 0.94% over the last three-month average share.

According to GlobalData, IT job opportunities available at the end of July 2021 were 3.35% higher compared with the previous month.

The increase was a result of 6.43% lower job postings as compared to job closures during the month.

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Software and Web Developers, Programmers, and Testers drive banking and payments IT hiring activity

Software and Web Developers, Programmers, and Testers with a share of 66.2% emerged as the top IT occupation in the banking and payments hiring activity in July 2021, a 10.12% decline over the previous month. Miscellaneous Computer Occupations came in second with a share of 13.73% in July 2021, down 13.9% over the previous month.

The other prominent IT roles include Database and Network Administrators and Architects with a 9.03% share in July 2021, decline of 17.76% over the previous month, and Computer and Information Analysts with a 6.1% share in July 2021 and drop of 1.95% over June 2021.

Top five banking and payments companies by recruitment activity in July 2021

The top five companies, in terms of number of jobs as tracked by GlobalData, accounted for a combined average decline of 8.1% share in the overall IT recruitment activity of global banking and payments industry during July 2021 over June 2021.

JPMorgan Chase posted 1,947 IT jobs in July 2021 and registered a drop of 9.06% over the previous month, followed by Affiliated Managers Group with 1,714 jobs and a 3.92% decline. Citigroup with 1,355 IT jobs and KBC Group with 1,087 jobs, recorded a 15.94% decline and a 12.41% growth, respectively, while Wells Fargo recorded a 21.21% drop with 758 job postings during July 2021.

Regional composition of IT hiring in banking and payments industry

North America emerged as the leading region in the global banking and payments IT hiring activity in July 2021 with a 44.47% share, which marked a 17.95% drop over the previous month.

Asia-Pacific stood next with 32.47%, registering a 5.41% month-on-month decline. Europe was the third leading region with a 19.73% share and a 4.28% decline over June 2021.

In the fourth place was Middle East & Africa with a share of 1.82% and a month-on-month drop of 2.72%. South & Central America stood at the bottom of the table with a share of 1.49%, registering a 7.97% drop over the previous month.