The Canadian banking and payments industry experienced a 1% rise in new job postings in Q4 2023 compared with the previous quarter, with the highest share accounted for by Bank of Nova Scotia with 2,138 job postings according to GlobalData’s analysis of banking and payments company job postings. 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, Office and Administrative Support Occupations jobs accounted for a 25% share of the Canadian banking and payments industry new job postings in Q4 2023, up by 7% over the prior quarter.

Office and Administrative Support Occupations drive banking and payments industry hiring activity

Of the industry's total hiring activity, the highest number of new job postings were for Office and Administrative Support Occupations, which accounted for 25% of the total new job postings in Q4 2023 and were down by 37% year-on-year. Second highest were Business and Financial Operations Occupations, which accounted for 20% and drop by 46% year-on-year, and third highest were Management Occupations, which were 24% of the new job postings and 41% lower year-on-year.

Top five companies in banking and payments industry accounted for 72% of hiring activity

The highest number of jobs were posted by Bank of Nova Scotia with 2,138, followed by Royal Bank of Canada with 1,663, while the highest increase was at Canadian Imperial Bank of Commerce at 46%.

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

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