Investment professionals based in Melbourne should have no trouble finding job opportunities with industry superannuation funds over the next 12 months, according to recruitment experts.
According to Kaizen Recruitment, the current job climate remains positive for investment professionals in Melbourne, particularly with industry super funds actively recruiting.
Kaizen Recruitment managing director Matt McGilton believes larger industry funds will begin recruiting in larger numbers as they continue to internalise their investing capabilities.
"There will be increased demand for performance and reporting analyst, investment data and investment risk professionals too," he said.
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"In addition, there is an increase in demand for project management professionals who have experience working on data warehousing projects with investment teams."
In terms of junior roles, demand is strongest for junior investment analysts with between two and five years' experience.
Firms are also increasingly on the hunt for candidates with programming and financial modelling skills and strong academic abilities. As such, a CFA is the most sought after post-graduate qualification, McGilton said.
For senior roles, those with experience in asset class specialisation - namely infrastructure and fixed income - are most in demand.
"There remains a viable talent pool of infrastructure professionals ready to transition from the big four infrastructure advisory teams," McGilton said.
"Well-developed fixed income/credit skills remain harder to find although institutional banking professionals are transitioning. They are primarily driven by the relatively poorer culture at the banks and changes in lending conditions."
The trend of super funds moving their investment operations in-house has had an impact on fund managers, with most hiring now driven by staff turnover, McGilton said.
There is no shortage of talent however, with the internalisation of equities management seeing fund managers unable to compete and - in some instances - shuttering, he added.
"Increasingly, larger fund managers are also trying to hire senior investment professionals to transition into product, Investment specialist and sales positions," McGilton said.
"Property/real estate/debt-based fund managers are growing rapidly and hiring banking professionals with specialist lending experience."