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The Talent Development Centre includes advice for independent contractors in IT from one of Canada’s top staffing and recruitment agencies. See all posts about IT jobs.

Some of the Best IT Jobs are in Canada’s Financial Sector

 

Frances McCart By Frances McCart,
Vice-President, Business Development at Eagle

Interested in a Technology Career in the Banking Industry? Get an Exclusive Invitation to a Networking & Hiring Event in Toronto

Some of the Best IT Jobs are in Canada's Financial Sector

Forget everything that you thought you knew about working in a big bank’s Technology Group. The financial world has changed and FinTech is driving the way they do business!

The traditional banking model is undergoing massive change. Banking clients expect more from their banks than ever before so getting the right technology in place is more critical now than ever. Being ahead of the game in technologies including AI, mobile apps, data analytics and cloud computing is a huge differentiator for banks and is essential in gaining an edge over their competitors.

In the past, banks followed and implemented the latest technologies as they were released. Now, Canadian banks are actively involved in building the latest technologies. Rather than sitting on the sidelines and waiting, they’re putting themselves at the forefront of change by getting involved with technology labs like CommunitechMaRS Discover DistrictOneEleven and DMZ.  Several banks have also launched digital factories and innovation labs of their own to help cultivate ideas that address clients’ needs, as well as streamline processing all with a focus on technology.

Eagle works with all of Canada’s top banks and in the past year, we have seen a massive influx of both contract and permanent opportunities with their technology groups.  The focus has changed from merely acquiring the latest technology to leading technology innovations. Banks offer ambitious techies the opportunity to lead the way with new developments in AI and blockchain, and be part of creating new software.

For instance, many banks are employing an increasing number of data scientist and data engineers.  The engineers and developers work in an active DevOps environment where code can be deployed in months… and sometimes even weeks.  The technology world, in large part due to FinTech, has changed and the Banks are evolving with it. Teams are agile and work in cross functional groups. The technology environment within today’s banks resembles the environments traditionally associated with Silicon Valley companies such as Google.

There are great career opportunities at all of Canada’s major banks.  Many offer hard core technology resources the chance to be part of a culture shift and take their career to the next level, while being supported by institutions with long histories and sound financial backing.

Eagle is currently working with a major banking client to build an exclusive guest list for an upcoming IT networking and hiring event. As well as the opportunity to meet with the organization’s top hiring executives, attendees will enjoy the opportunity to hear from an industry-leading Big Data guest speaker and will gain preferred access to current full-time job openings in the data space. For the opportunity to attend this event, complete this quick online form.

Exciting times are ahead within the technology groups in all of Canada’s major banks.  When you consider your next job move, take a fresh a look at this exciting industry.  You may find your own little part of Silicon Valley on Bay Street.

Related Articles

Regional Job Market Update for Toronto

Brendhan Malone By Brendhan Malone,
Vice-President, Central Canada at Eagle

Toronto… The Place to Be for Technology

Toronto, Ontario CanadaToronto has long been recognized as a centre of technology in Canada.  That reputation only grows with each passing month and year.  Toronto is among the best cities in the world to work in technology and there are over half a million working in the technology space in Toronto.  This number is growing fast as is the roughly 25% of those that are self-employed. Plus, a recent study by the Compass Group showed that Toronto’s tech growth is outpacing the rest of the country almost 5-1.

What is responsible for this growth?  It is a number of things and anytime in economics or business that there are numerous factors to growth, that is a very good thing.

Let’s look first at the straw that stirs the drink for Toronto’s Tech sector — our major financial institutions.  The Big 5 are all headquartered in Toronto and in 2018 continue to invest massively in technology.  Cloud computing, security, application development, risk management through technology, customer experience, are all areas that the banks continue to invest in.

The Major Telco’s equally influence the Toronto Technology sector.  The intense competition for customers has led to significant investment in a better customer experience through technology.  This competition also drives investment in the latest network and cellular technologies to bring faster speeds and better experiences for their customers.  2018 has been a huge year for this type of infrastructure investment in Toronto and elsewhere.

The new world business Goliaths such as Google, Facebook, and Twitter have all recently invested money and resourcing in Toronto and continue to grow their presence in 2018.  In today’s world of technology, you can never really be a true world technology hub without their presence.

And let us not forget the importance of a vibrant environment for start-ups.  Uber, Airbnb, Facebook, were all start-ups at one time, making it critical that Toronto maintains a not only viable but an exciting environment for start-ups to take root.  Companies like Top Hat, Bridget, and others are following in the footsteps of more established start-ups like Shop.ca and Fresh Books.  2018 has seen an incredible number of start-ups show us exciting things in Toronto.

The landscape is bright for technology in in Toronto in 2018.  The battle for talent is fierce but it also shows that this is where a huge pool of talent resides.  The healthy mix of factors described above has Toronto in a good place for years to come.  If you are technology professional in Toronto it appears you are in the right place.

IT is No Longer Just About Technology

Brendhan Malone By Brendhan Malone,
Vice-President, Central Canada at Eagle

IT is No Longer Just About TechnologyAs explained in this recent article from Dice, the marketplace for IT contractors and technology employees is changing at a pace similar to that of technology itself. With many of the “heavy lifting” IT jobs having been outsourced either on or off shore, the IT employees or contractors that remain in high demand are those with both technical and business capabilities.

What does this mean?  In order to add the value companies are looking for, prospective employees and independent contractors need to be able to both understand and communicate the business objectives of any IT activity.

The Agile framework is being implemented in more and more large organizations and communication is a pillar of Agile delivery, as all disciplines work together and collaborate throughout the development process.  Agile delivery cannot be successful without all stakeholders clearly understanding the business objectives and able to communicate as such.

Furthermore, the concept of performing a single function on “an island” within an organization has either been outsourced, as mentioned, or become entirely a thing of the past.

How do you as a contractor address these changes?  Firstly, take the time to understand the big picture: What is the overall project objective, not just your piece?  Understand the company you are working for, their history, their results, their major projects and initiatives.

Most consultants today work with one or more staffing agencies.  Hold your recruiter accountable for as much information as possible on each particular job opportunity.  This information will allow you to demonstrate your business capabilities and understanding as well as your valuable technical skills.

Keep up-to-date on the overall technology landscape. If you are in Telecommunications, know what the big 3 Telco’s’ major initiatives are.  If you have focused on the financial sector, know what major initiatives are coming from the big banks.

It is no longer possible to maximize your earnings and potential with technical skills alone.  All aspects of IT and business have become too interdependent.  Businesses rely more and more on technology every day as we know.  With this increased reliance comes a greater need for technology resources to understand business objectives and vice versa.

Ironically, the single most effective way to increase your business knowledge and communication skills… is a good old face to face conversation.