An increasing amount of activity from Chinese banks and financial institutions in Hong Kong is creating new demand for trilingual candidates in the territory, says Hays.
According to Hays, these companies are looking to expand into new markets and want to recruit highly skilled candidates from Hong Kong who have strong language skills in Cantonese, English and Mandarin.
“Trilingual candidates can command premium rates and remain in short supply,” says Marc Burrage, Regional Director of Hays in Hong Kong.
“We are also beginning to see a lot more movement and activity in the securities, brokerage and investment management space.
“In terms of skills in demand, within financial services we have seen demand increase for Regulatory Reporting Analysts in response to tighter legislation and regulations. Finance professionals with securities and brokerage experience are also valued due to the increasing activity from these firms.”
According to Burrage, the commerce and industry market is also seeing high demand for accountancy and finance staff.
“Companies are continuing to off shore accounting support functions to low cost centres. However there is still strong demand for experienced accounting professionals to join organisations that are regionally headquartered in Hong Kong.
“The greatest demand exists within the retail, property and technology sectors. Financial Planning and Analysis (FP&A) professionals are particularly in demand by technology companies that are developing diverse product lines, for example in the tablet and mobile devices sector.
“Technology companies are also growing operations in emerging markets. As a result, they are recruiting accounting and regional FP&A professionals to build their analytical capability within their regional headquarters.
“Experienced FP&A professionals are also in high demand by retail and FMCG employers who are looking for to deliver more competitive ways to operate. These professionals need to be able to adapt to fast changing environments and possess strong analytical, interpersonal and communication skills,” adds Burrage.
The recruiter also says US headquartered companies continue to seek tax specialists with US GAAP experience as well as international work experience.