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January 13, 2021

Banking jobs weekly snapshot: recruitment for 2021 begins as nearly 20,000 jobs posted

By Patrick Brusnahan

The first full week of 2021 has seen a flurry of banks looking for talent. In the week of 3 January 2021 to 9 January 2021, 18,792 jobs were posted by 1,093 companies, according to the GlobalData jobs analytics tool.

JPMorgan Chase posted the most jobs this week with 892, closely followed by Wells Fargo with 820, BNP Paribas with 760, and Banco National de Mexico with 734. Other banks in the Americas that posted a lot of jobs included Citigroup (669), Bank of Nova Scotia (409), and Royal Bank of Canada (220).

The year has started as expected with a number of roles to be filled. This is usually the case in January no matter the year, but 2021 has a different feel. After 2020 was dominated by the COVID-19 pandemic, there are a lot of new roles created to adapt to the “new normal” of working from home and remote communication.

In addition, as firms cut costs during the pandemic, jobs were lost. Many markets are regaining stability and the jobs are back. The number of jobs posted should increase over the coming weeks as financial institutions look to hit the ground rolling in 2021 and recover the money and opportunities lost in 2020.

Of the 892 jobs that JPMorgan Chase posted, 95 were for a senior level position. Furthermore, 168 were mid-level, 328 were junior level, and 301 were entry level.

In terms of geography, 81 were in Europe, 276 in Asia Pacific, 7 in Middle East and Africa, 14 in Central and South America, and an incredible 514 in North America.

While the amount of jobs in North America should come as no surprise as the bank is headquartered there, JPMorgan Chase is certainly looking in Asia. Some of this can be attributed to it trying to launch a wealth management joint venture in China with China Merchants Bank.

Globally, there were 4,625 jobs posted in Asia Pacific, 3,900 in Europe, 278 in Middle East and Africa, 415 in North and South America, and 9,574 in North America.

Furthermore, there are close to 1,000 (935) new senior roles up for grabs across the globe. There are also 5,206 in mid-level.

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