UAE digital banks go all out in recruiting tech professionals and with salaries to match

The digital banks getting launched in the UAE are not just creating opportunities for banking professionals – some of the best talent in data sciences and software development are taking up roles there. And with handsome salary packages too.

There are a lot of recruits that have already been taken in by the digital banks such as Zand or Wio, ahead of their formal launch of operations. Some of these candidates have been poached from fintech companies – “The thinking is these professionals already have a grounding with tech and financial services,” said an HR consultant. “And digital banks are offering some handsome rewards too.”

A survey by Hays, one of the leading HR consultancies, showed 24 per cent of employers expect to spend 10 per cent more on salaries. And 45 per cent of employees surveyed expect an increase of over 15 per cent – which seems reasonable given that candidates with all the needed skillsets aren’t that many.

“Jobs in blockchain, data sciences offer attractive compensation packages because these are highly specialized. Salaries can go up to Dh100,000 per month for senior to director level roles,” – Waleed Anwar, Managing Director at Upfront HR

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Source: UAE digital banks go all out in recruiting tech professionals and with salaries to match | Banking – Gulf News