If you’re in or looking for a financial services career, you may want to know how the current banking climate is going to affect your job search (hint: there’s a huge focus on risk). Watch this video to hear from financial services career coach Mike about the biggest thing to focus on right now.
What do all of the bank runs have to do with your job search? It means there’s a massive focus on risk these days. Everybody is going to focus on risk and employers are going to focus on risk from the point of view of looking to hire somebody,
Summary
00:00:00:03 – 00:00:19:06
Unknown
Hi, it’s Mike, your personal career coach. Today we’re going to talk about the most recent bank runs and what implications they have for your job search. First thing I’ll mention, though, is that you may see my bike in the background. It’s five years old and it’s a great bike, but I did not buy a shock absorber. The first piece of advice I have for you is buy shock absorbers on your bike.
00:00:19:20 – 00:00:37:21
Unknown
All right. Let’s get to the purpose of this video, which is risk. What does all of the bank runs have to do with your job search? It means there’s a massive focus on risk these days. Everybody is going to focus on risk and employers are going to focus on risk from the point of view of — when they’re looking to hire somebody,
00:00:37:27 – 00:00:59:28
Unknown
they’re looking to hire someone who’s done the job for 15 years. They’re going to look for people who tend to be more mature and older. They’re going to hire somebody who comes from a larger, more recognized, named firm, and they’re going to look for people who can help them identify and mitigate risk. In other words, people who have some kind of experience with risk management, either formally or informally.
Overview
00:01:00:18 – 00:01:22:18
Unknown
Okay. Well, you can’t do anything about that. The only thing you can do is talk about how you can help the organization with risk. So the first thing I want you to do is think about risk. How have you helped the organizations that you’ve worked for reduce risk? In every aspect of what you’ve done, all the different aspects of your job,
Have you helped the companies you worked for reduce risk?
00:01:22:18 – 00:01:42:26
Unknown
how have you helped the companies you have worked for reduce risk? Let me give you an example. I have a client that’s a CFO, and he was really, really big on putting internal controls into place. He put a lot of internal controls into place regarding capital expenditures. So he looked at centralizing all the decision making when it came to purchases.
You can help them with risk
00:01:43:05 – 00:02:06:18
Unknown
He looked at streamlining the whole process to make sure that people who were not important weren’t involved and people who should be involved were involved. So, in sum, one of your jobs as a job seeker in this landscape is to convince any potential employer that you know something about risk and can help them with risk. Or even if you’re a revenue producer that you have an eye on risk not to do anything foolish.
00:02:06:18 – 00:02:16:23
Unknown
Be specific, give examples of things you’ve done in the past. I’m Mike. I hope you found this video really, really helpful. And don’t forget to subscribe to my channel. Thanks.
