Large Savings Banks Compete to Hire in IT Sector
Rising Demand for Talent in Open Banking and MyData Services
[Asia Economy Reporter Song Seung-seop] The savings bank industry is putting great effort into recruiting digital and IT talent. This is due to the increasing demand for non-face-to-face innovative financial services, including open banking and MyData. As savings banks join commercial banks in attracting IT talent, the demand for developers in the financial sector is expected to rise further.
According to the industry on the 14th, the five major savings banks (SBI, OK, Korea Investment, Pepper, Welcome) have recently posted direct and indirect job openings for developers.
SBI Savings Bank is conducting rolling recruitment for experienced positions in the first half of the year until today. They are hiring IT development and operations experts along with positions in IB, credit sales, strategic planning, management accounting, and compliance monitoring. Candidates should have more than three years of app development experience with operational experience, or experience in operating and building electronic financial services. The total recruitment scale is around 10 people.
Welcome Savings Bank is accepting applications for entry-level and experienced positions until the 18th. They are recruiting in a total of 18 departments, all IT roles. Among these, 16 are for experienced hires except for financial IT development and information security roles. Notably, four positions related to MyData are included. Welcome Savings Bank is the only MyData operator in the industry. They are selecting practical personnel such as programming language users and web channel/app developers, as well as information security management system engineers and dedicated data analysts in the MyData field.
Savings Banks Compete to Recruit 'IT Talent'... Driven by 'Digital Innovation'
Pepper Savings Bank also started recruiting employees below the deputy general manager level through an information systems headquarters job posting on the 25th of last month. The roles involve web and mobile app development and operation, as well as overall IT support tasks. Experience is not required, but candidates must be capable of designing and developing web programs. IT majors or those with certifications are given preference in hiring.
Korea Investment Savings Bank has already supplemented IT personnel through a recruitment-type internship system on the 29th of last month. Outstanding interns will be converted to full-time employees after a final interview two months later. OK Savings Bank has not posted direct IT recruitment announcements but is conducting IT experienced hires through OK Data System, a group subsidiary.
The reason savings banks are rushing to attract IT talent is attributed to the accelerating digital innovation movement. Since early this year, savings banks have been launching open banking and MyData services. It is essential to have IT personnel to not only advance computer networks and mobile platforms but also maintain and manage them. The surge in customer inflow through mobile apps also has an impact.
A savings bank official explained, "Savings bank financial services themselves are conducted through mobile apps," adding, "As innovation progresses rapidly, the demand for experienced IT personnel is increasing."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
