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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.

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Older IT Professionals Can Still Rock a Career in Tech

Older IT Professionals Can Still Rock a Career in TechBetween news from Silicon Valley, advertisements from all industries, and countless Hollywood movies, the media is brutal for portraying all successful IT professionals as young, hip (and sometimes irritating) geniuses. The fact is, like all industries, successful organizations are most prosperous when they have a diverse team, including representation from all generations.

If you’re an IT contractor on the other side of 40, you likely played a heavy role in implementing technologies that brought your organization to the next level. So why can it be so challenging to find a new IT job at an older age? According to a recent Dice article by Leslie Stevens-Huffman, there are various stereotypes that follow senior IT workers and some professionals sabotage their careers by displaying these characteristics to a hiring manager. For example, is it possible you’ve been displaying a sense of entitlement, asking for too much compensation, or just being a stick in the mud?

To help out, Stevens-Huffman observed the most successful IT workers in the upper generation and compiled 5 traits they all have in common. Next time you’re looking for a new gig — either full-time or contract — here’s what you may want to highlight to avoid being lumped into the stereotype:

  1. Continuing Desire to Grow and Learn — the hottest skillset today may be useless in a few years. Clients and employers want to know that you’re willing to change with the times.
  2. Energetic — Speaking in an upbeat manner or using shorter sentences or paragraphs while writing can all make you appear more upbeat and project more energy than your younger counterparts.
  3. Clear Goals and Objectives — Referencing career coach Donald Burns, the author of the Dice article points out that a clear roadmap will help you avoid the mid- or late-career job search all together.
  4. Willing to Take Direction from Younger Colleagues — As noticed in point #1, you need to be willing to learn and often the younger generation can help do that. Be open to a two-way mentoring relationship.
  5. Present Day View — Learning from the past and using it as a way to make corrections going forward is positive; however, being stuck in the past and suggesting older technologies makes you appear out-of-touch.

Senior IT professionals with 20+ or 30+ years of experience might become independent contractors and consultants, where others prefer the stability of a full-time job. Regardless of your situation, although your skills are in high-demand, you will hit situations when you compete for gigs against the younger generation. By taking these points into consideration, you will ensure a focus on your experience, and not your age.

The Emerging War for Tech Talent

Alison Turnbull By Alison Turnbull,
Delivery Manager at Eagle

We weren’t surprised to see the recent unemployment numbers in tech coming out of the US, since it’s becoming increasingly apparent that Canada is experiencing the same war for talent.

At Eagle’s permanent placement division, we have had an increased number of requests for developers. While the usual niche skills are in very high demand (Data Science, Machine Learning, Security), clients seem to be struggling to secure solid tech talent in more common areas. There seem to be more opportunities out there, particularly for experienced Java Developers, than there is talent.

Many developers choose to work as independent contractors. The appeal is obvious with the flexibility of projects/work. High rates are also a primary factor for choosing to work on a contract basis rather than full-time. But with some clients wanting to build out high performing engineering teams and keep this talent in house, they are having to come up with new and interesting ways to attract them.

Clients are now having to offer very competitive and comprehensive compensation packages. This is not unlike the trend we have seen in the US with unlimited vacation days, flexible working hours, remote work, and much higher base salaries. What may surprise some is that one of the key factors to attracting great candidates is offering them the opportunity to work with leading edge technology. A recent Forbes article states that “40% of employees had already left a job because they didn’t have access to the latest digital tools.”

We have experienced some scenarios in the past few weeks where employers have lost candidates because they failed to move through the process quickly enough and gained additional clients because internal recruitment efforts just can’t keep up with the demand. Solid developers are highly sought after and if they are considering a career move, they will typically be considering multiple offers in a very short period of time. Clients who expect candidates to go through multiple interviews and hope they will still be available 2-3 weeks after being presented, inevitably results in staffing agencies being on the losing end of this war for talent.

Working with an agency is becoming more essential as the market heats up. At Eagle we work closely with clients to:

  • Ensure that they have a carefully (and accurately) crafted an Employee Value Proposition
  • Give them unparalleled access to the ‘passive job seeker’ market
  • Provide detailed market data so that they can stay ahead of market trends and ensure their compensation is competitive
  • Keep in close contact with candidates throughout the entire process so that everyone is aware of competing offers before the candidate is off the market

With this new war for talent, it’s time for hiring organizations to start asking themselves if they’re ready to compete and what they’re going to do to attract and keep the best talent. On the flip side of the coin, with so many options available, it’s a good time for IT professionals to evaluate their own careers, develop a plan and decide where they want to be!