Banking and Finance Jobs
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The DGA team have developed a reputation as recruitment experts in the New Zealand Banking, Finance, Accounting and Commercial sectors.
About the Banking and Finance Industry in New Zealand
The New Zealand financial system is dominated by the banking sector, with banking assets accounting for a very large share of overall financial system assets. The consensus is that New Zealand’s financial system is sound, ranking ninth in the world.
By contrast, capital markets (shares, bonds, and other long-term investments) are relatively less developed in New Zealand. Total market capitalisation of the New Zealand Stock Exchange is around $138 billion, while the domestic bond market is around $131 billion (excluding government debt). The managed fund industry is also small compared to banks, with around $132 billion of assets under management.
The New Zealand banking system is highly concentrated. While there are currently 26 registered banks, the four large Australian-owned banks (ANZ, ASB, BNZ, and Westpac) are responsible for 86 percent of bank lending and all have high credit ratings by international standards. The five New Zealand-owned banks account for 8 percent of bank lending.
Jobs in Banking
Banks need skilled, attentive staff in order to operate effectively. An interest or background in mathematics, accounting, budgeting, statistics, and forecasting will help with higher level roles. These jobs are people-facing so it’s important to be interested in people and their needs, and to have good communication skills.
For Visa Applicants: Roles On the Skills Shortages List
If you are offered a job which appears on the list below, and you have the qualifications and experience to match, getting a work visa will be easier. This is because the government has identified that employers need to recruit people from overseas to help meet demand for your skills.
25,000 - people employed by banks in New Zealand
$7.6 billion - contributed to the New Zealand economy
900 - Bank branches in New Zealand