The global banking & payments industry experienced a 2% rise in new job postings related to cloud in Q3 2022 compared with the previous quarter, according to GlobalData’s whitepaper on Cloud in Banking & Payments – Hiring Activity in Q3 2022. This compares to a 31% increase versus Q3 2021.
Notably, Software and Web Developers, Programmers, and Testers jobs accounted for a 33% share of the global banking & payments industry’s cloud-related total new job postings in Q3 2022, down 4% over the prior quarter.
Software and Web Developers, Programmers, and Testers, with a share of 33%, emerged as the top cloud-related job roles within the banking & payments industry in Q3 2022, with new job postings drop by 4% quarter-on-quarter. Database and Network Administrators and Architects came in second with a share of 8% in Q3 2022, with new job postings rising by 16% over the previous quarter.
The other prominent cloud roles include Computer and Information Systems Managers with a 6% share in Q3 2022, General and Operations Managers with a 3% share of new job postings.
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q3 2022 were JPMorgan Chase, US Bank, Citigroup and Glynn Capital Management. Together they accounted for a combined share of 10% of all cloud-related active jobs in the banking & payments industry.
JPMorgan Chase posted 6,190 cloud-related new jobs in Q3 2022, US Bank 4,865 jobs, Citigroup 2,218 jobs, and Glynn Capital Management 2,096 jobs, according to GlobalData’s Job Analytics.
The largest share of cloud-related new job postings in the banking & payments industry in Q3 2022 was in the US with 54% followed by India (13%) and the UK (6%). The share represented by the US was two percentage points lower than the 56% share it accounted for in Q2 2022.