What Are Durable Skills, And Do You Need Them In Fintech?
It’s a brand new year, and that date ticking over on 31 December often causes us to look at what we’ve achieved in the previous 12 months, and assess what we’d like to aim for next.
Job hunting and career development are often top of mind when it comes to resolutions. Recent data from YouGov found that 21 per cent of Britons made a New Year’s resolution for 2023, and 20 per cent of those are vowing to pursue a career ambition.
Whether that’s to get promoted, ask for a raise, or move into an entirely new role, there are a huge number of ways to bolster your career in 2023. One which you may not have considered is taking a broad look across your skills, and addressing any gaps.
We often hear skills talked about in terms of a hard and soft breakdown. The former relates to your core technical abilities, such as your proficiency with a language such as Python, or your ICT prowess. The latter is all about the personal attributes you possess that add glide to your daily interactions and negotiations.
Soft skills can be dismissed by employers, but at their peril. According to a 2019 Global Talent Trends report, 89 per cent of recruiters said that when a new hire doesn’t work out, it is often due to a lack of soft skills. Another report highlighted that the three most important soft skills employers want are teamwork and collaboration, followed by communication, and problem solving and critical thinking.
Today’s workplace means the way we look at skills needs a refresh. The average UK worker has six different jobs in their working life, according to the Association of Accounting Technicians and 46 per cent of the study’s participants retrained after deciding a particular career wasn’t for them.
Assess your skills
Durable skills are a way of looking at a combined skill set that can stand the test of time throughout your career, helping to keep you progressing. Look at which of your skills are more durable and which are more perishable––for example that accreditation you got for a piece of software that is no longer supported, or in-house tools and process knowledge that you can’t transfer into a new role.
Hand-in-hand with that should go some consideration about whether your skills are transferable across roles or sectors. You should take a long hard look at whether your skills are in demand––will that remain the case? This analysis should give you an idea which intersection of abilities between your soft and hard skills are truly durable.
In fintech, this matters, because the industry is an ever-evolving landscape. As new technologies emerge, new tech stacks have to be gotten to grips with. Compliance and regulatory issues need to be kept on top of, and developing deep skills around negotiation, communication and problem solving are vital.
The good news is that truly durable skills such as critical thinking, communication, collaboration, and leadership abilities, are in demand. Analysis of 80 million job postings from 2020 to 2021 found that seven of the 10 most-requested skills are durable ones.
If you’re looking to flex your durable skills in 2023, then there are plenty of opportunities to do so on The Fintech Times Job Board. Check out three roles currently available below.
Lead Senior Business Consultant, FIS Global, London
FIS is looking for a passionate, driven individual to join the FIS Private Capital Suite Consulting Services team in an impactful role as a Lead Senior Consultant. This will be an integral part of FIS’ delivery of client implementations, upgrades, custom solutions and integrations to ensure clients are successfully on-boarded. You should have knowledge of the private equity industry, experience in accounting as well as a data management background. You will also need strong time management, and superb communication skills. Apply for this role here.
Portfolio Management and Analytics Associate, Citi, London
Citi is seeking a Portfolio Management and Analytics Associate to be an integral part of the EMEA PMA team. You’lll add programming technical bench strength to the team to help provide analysis and insights, and market fundamentals to help support the business, as well as providing insights into market developments and new strategies. You’ll need strong technical experience in Python, demonstrate a keen interest in the commodities markets, and be in possession of a Bachelor’s or Master’s degree in a technical discipline. Get all the details on the job now.
Commercial Excellence Finance Business Partner, Deloitte, Dublin
This Ireland-based role for Commercial Excellence Finance Business Partner will drive greater value for the business by co-developing priorities working closely with relevant teams to maximise financial performance. You’ll focus on scenarios and portfolios that are the most complex and material in nature and work to shape and/or refine exception analytics to ensure focus is optimised in order to improve financial and commercial outcomes for clients. To apply, you’ll need to be a qualified accountant, ideally in a professional services firm, with strong business partnering experience. See all the requirements for this role here.