FinTech Futures Jobs: Five of the best fintech career paths, and what you can earn
The UK’s storied history as a centre of financial excellence is vital to the economy, with the nation being the highest net exporter of financial services globally.
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That domain excellence has led to its newer status as a top financial technology hub, and it is currently one of the most fintech-friendly locations in the world. With more than 1,600 companies already in the sector, six of the top 10 global fintech companies as ranked by Fintech50 have their headquarters in London, and the total number of UK-based fintech companies is projected to double by 2030.
Investment is strong too, with numbers that come second only to the US. The UK saw £7.3 billion worth of investment in 2022––more than Germany, France, Sweden and Italy combined.
The government has identified the fintech industry as an area for future economic growth and is acting on a number of key recommendations made in 2021’s Kalifa Review of UK Fintech to ensure that the UK remains at the forefront of the financial technology revolution.
When it comes to jobs in the fintech sector, around 76,500 people across the UK work in the industry––and this is set to grow to 105,500 by 2030. While there are many technical roles available for jobs such as quantitative analysts, blockchain developers, machine learning engineers/analysts and AI developers, there are also plenty of non-technical roles across marketing, sales and HR functions, for example.
Earning potential
Salaries are also competitive within the fintech sector. A compliance manager can earn up to £95,750, data scientists can earn up to £69,500 and heads of product are looking at a top salary of around £110,000. Heads of engineering can earn about £109,000, with frontend developers earning £75,750.
Below, discover five roles which have good growth potential within the fintech sector––as well as strong earning power. Plus, there are many more to discover on the FinTech Futures Job Board.
1. Software Developer/Engineer
According to a recent report by Hired, UK engineering salaries increased by 8% from 2021 to 2022. The top three most in-demand roles are for backend, full stack and frontend engineers, who receive the majority of interview requests compared to other software engineering roles.
Fintech companies need skilled developers to create and maintain their software products. Another area of demand is for fintech app developers, who create apps that make it possible for end-users to pay bills, transfer funds or handle other financial tasks right from a smartphone or computer.
Global M is hiring for a Junior Frontend Developer in London. You’ll plan, architect, design and develop web applications and services, transform complex design and UX requirements into well-tuned applications and contribute to growing the skills and knowledge of your peers.
2. Data Scientist/Analyst
Vast amounts of data are generated by financial services firms, and collection and analysis of this information is essential to make informed decisions and make products and services perform better. This involves building models and predictions, and to do this, data scientists and analysts work across areas including real-time analytics, consumer analytics, algorithmic trading and financial planning, among others.
If you’re in the market for a Senior Data Engineer role, Citi is hiring in London. You will lead the team’s thinking when it comes to building, deploying and hosting data engineering pipelines and solutions in production, and will be responsible for designing and implementing scalable data pipelines, managing data infrastructure and tooling.
3. Digital Marketing Manager
Like all companies, fintechs need to promote their products and services to potential customers, whether B2B or B2C. Experienced digital marketing managers are highly sought after to create and execute marketing campaigns across multiple channels, such as social media, email marketing and paid advertising.
4. Compliance Manager
Fintech businesses in the UK are subject to regulation by the FCA and must comply with anti-money laundering (AML) and know your customer (KYC) rules. Compliance managers are essential hires to ensure that companies not only comply with regulations, but also manage any associated risks.
At BNY Mellon, there is currently a Principal, Compliance & Control role on offer. You will be the economic sanctions advisory lead for one or more lines of the business. Sanctions advisory responsibilities will cover all relevant legal entities and other business lines with a particular focus on the US, EU and the UK.
5. Product Manager
Skilled product managers lead the development of a company’s products and services by identifying customer needs, defining product requirements and working with development teams to bring products to market.
American Express is currently looking for a Senior Product Manager at its Amex Digital Labs office in London. You’ll lead the launch and evolution of digital initiatives, with an emphasis on artificial intelligence and its application to multiple business areas.
You don’t need specific AI experience, but you should be very comfortable with emerging technology and data, with a desire to be hands-on and work side-by-side with engineering and decision science teams. You will also need experience delivering technically complex products, from concept development to live production launch.
For hundreds more opportunities across fintech, visit the FinTech Futures Job Board today.
