It used to be that a job in finance would set you up for life.
Steady, reliable, dependable, calculators and sweater vests.
These things come to mind when you think of a career in finance.
Globally, finance leaders are predicting that50% of jobs could be lost.
As these technologies develop, which jobs will become obsolete?
Will a robot be doing my taxes in the future?
At the same time, what new opportunities are on the horizon?
As he explained:
Theres a shift going on.
This will definitely impact operation work in the financial industry but new jobs will also emerge.
I expect there will also be new jobs which we cannot even think of now.
But we can still speculate.
Its also causing banks to begin acquiring, partnering and starting their own internal startups.
These can detect even the smallest instances of fraud.
Just like the market they operate in, the life of a fintech startup is volatile and uncertain.
Still, younger generations are increasingly turning to innovative tech-based solutions over traditional (but more stable) banks.
Want to work at ABN AMRO?Theyre hiring.
#2.
Self-driving finance engineer
Decentralization and pressure from fintech are also pushing big banks to diversify their services.
This will be crucial in our current economic climate.
van den Brink added.
This is where financial institutions, with the help of tech, can and are stepping in.
#3.
One of the biggest trends is the sustainability shift.
Its challenging a lot of business models and also changing a lot of earning models.
But how do you translate that into skills needed to change business models or support energy transitions for clients?
Its not just about transitioning to more sustainable models.
Companies and individuals are now benefiting from the trade in sustainable energy.
But how do you know what applies best in your case?
to make that shift, theres a big transition going on.
#4.
Cryptoforecaster
Of course, we cant talk about the future of finance without discussing cryptocurrencies.
Partnering and understanding the new regulations and fluctuations in the market will be more important.
Because of this, finance professionals who understand traditional markets may be able to apply similar skills.
Superforecastinghas become a hot new skill many finance professionals are honing and putting to use to make better predictions.
Applying this skill to the cryptocurrency market could help investors better navigate the market.
#5.
#6.
Cross-company cybersecurity liaison
Externally, were seeing that more inter-company collaboration is coming.
Its not just partnering with fintechs thats needed.
In our interconnected world, we need greater collaboration to ward off the evolving nature of cyberattacks.
The problem is, were only just getting started.
This year ABN AMRO hosted the countrysfirst cybersecurity conferencefor large Dutch companies, SMEs and students.
These are our predictions but its still unclear what the future of finance will bring.
While technological advancements in banking are necessary the human factor should not be taken for granted, he adds.
We must retain skills such as creativity, originality, initiative, critical thinking, and leadership.
Talented people will always be needed in finance.
