FinTech is one of the fast evolving domains in the IT sector. And with the backing of state-of-the-art technology this vertical is getting more and more advanced. It is a mixture of finances and technology, and many companies leverage FinTech to improve their processes and change the way customers interact with their services. Over the last few years, FinTech has created unprecedented job demand, and a lot of financial software development companies strive to attract the best talent. Let’s see what IT professions are in great demand on the US FinTech labor market (based on our research on the most popular vacancies).
Fintech vacancies statistics for 2017-2019 according to fintechfans.com.
Since blockchain appeared in 2008, the need for developers has grown exponentially. Developers are primarily responsible for the research, design, implementation, and testing of blockchain software. They need to know Solidity, blockchain, Node.js, Ethereum, and cryptocurrency and to be able to work with Hyperledger Fabric, and Ripple. The knowledge of machine learning, cryptography, and P2P networks is a huge advantage. With all the aforementioned skills, you will be the best candidate in the FinTech industry.
Financial services have always been the major target of cybercriminals. This is why any FinTech company needs a strong cybersecurity specialist to protect their services and customer data from theft. A cybersecurity specialist should have analytical skills and experience in GRC implementation (governance, risk management and compliance), encryption techniques, incident investigations, security operations management, data administration and management, and more.
FinTech processes a lot of data. Financial organizations produce a large amount of various information and consume a lot of third-party data. It is not enough to accumulate all this data – it should be processed and analyzed accurately. This is when data specialists can help. Such specialists mine and analyze all the data, provide advice on how to improve products and services, forecast and minimize potential risks. An ideal candidate for the position should have a wide knowledge of Mathematics/Statistics and Computer Science, as well as programming skills.
A project manager carries out planning, initiation, and execution of a project, mitigates risks, and manages resources. To get such a job, it is necessary to have at least 3 years of experience and be proficient in Agile (Scrum and Kanban), product management, flexible processing, and product launch (especially in the field of FinTech).
A product manager plays one of the most important roles in product development. This person is responsible for project scoping and technology research and determines what should be done to address the customers’ needs. To get such a position in FinTech it is necessary to have at least 3 years of experience in this position or be a former finance/trading specialist with a background in technology. Having a technical background as well as a deep knowledge of the domain will be a huge advantage.
Above we have described the most sought-after careers in the FinTech industry but there are other positions that applicants can look for. Among technical vacancies we can mention quality assurance and DevOps engineers. Creative thinkers may apply for the position of UX/UI designer. Non-technical positions are Sales and HR managers, as well as marketing specialists. You can apply for any of these jobs and start your career in FinTech or, if you seek a change in your career, this sphere is worth trying.
The demand for qualified employees in the field of FinTech is only going to increase. Therefore, if you want to enter this industry and have the required skills and experience, pay attention to the jobs that we have covered in the article.