Share

The global banking and payments industry experienced a 15% drop in new job postings related to cybersecurity in Q4 2023 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to a 64% decrease versus Q4 2022. GlobalData’s Banking & Payments: Hiring Trends & Signals Q4 2023 report reveals comprehensive insights into hiring patterns, job roles, required skills, geographical trends, and key themes within the industry, facilitating anticipation of future workforce needs. Buy the report here.

Notably, Computer and Mathematical Occupations jobs accounted for a 32% share of the global banking and payments industry’s cybersecurity-related total new job postings in Q4 2023, down 4% over the prior quarter.

Computer and Mathematical Occupations drive cybersecurity-related hiring activity

Computer and Mathematical Occupations, with a share of 32%, emerged as the top cybersecurity-related job roles within the banking and payments industry in Q4 2023, with new job postings drop by 4% quarter-on-quarter. Management Occupations came in second with a share of 18% in Q4 2023, with new job postings dropping by 5% over the previous quarter.

The other prominent cybersecurity roles include Business and Financial Operations Occupations with a 12% share in Q4 2023, Office and Administrative Support Occupations with a 3% share of new job postings.

Top five companies in banking and payments industry accounted for 22% of hiring activity

The top companies, in terms of number of new job postings tracked by GlobalData, as of Q4 2023 were Nordea Bank Abp, HSBC, Visa, JPMorgan Chase & Co, and Mastercard. Together they accounted for a combined share of 22% of all cybersecurity-related new jobs in the banking and payments industry.

Nordea Bank Abp posted 530 cybersecurity-related new jobs in Q4 2023, HSBC 348 jobs, Visa 318 jobs, JPMorgan Chase & Co 294 jobs, and Mastercard 208 jobs, according to GlobalData’s Job Analytics.

Hiring activity was driven by the US with a 34.44% share of total new job postings, Q4 2023

The largest share of cybersecurity-related new job postings in the banking and payments industry in Q4 2023 was in the US with 34.44% followed by India (14.24%) and the UK (6.80%). The share represented by the US was seven percentage points lower than the 41.56% share it accounted for in Q3 2023.

For further understanding of GlobalData's Banking & Payments: Hiring Trends & Signals Q4 2023, buy the report here.

This content was updated on 6 January 2024

Premium Insights

From

The gold standard of business intelligence.

Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.

GlobalData

GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData’s Jobs Analytics uses machine learning to uncover key insights from tracking daily job postings for thousands of companies globally. Proprietary analysis is used to group jobs into key thematic areas and granular sectors across the world’s largest industries. classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.