Recent Welsh Financial Services news:
Wales’ Financial Services Graduate Scheme On Target For 100% Employment
The scheme, delivered by some of Wales’ leading Financial Services employers including Admiral, GM Financial, Atradius, Principality and Composite Legal Expenses has gone from strength to strength since its inception, proving an exemplary model which could easily be adopted by other sectors or regions.
Partially funded by Welsh Government’s Sector Priorities Fund Programme, it aims to foster home grown talent in order to create the future leaders and professionals of the financial services sector, which has a strong and growing presence in Wales.
Anne Middleton of Atradius explains: “We set out to develop a talent pool of future industry professionals in Wales. 50% of our graduates are already employed in professional roles with the participating consortium members, and increasingly, highly regarded national and international employers such as Deloitte are coming to us first when recruiting for financial positions. At this point, we’re enormously proud of its success, both for employers and for those taking part in the scheme.”
Sue Gunning, HR Director of GM Financial comments “it is important through programmes such as the Welsh Graduate scheme that we have a pipeline of highly talented, skilled professionals that will bring new ideas and approaches to the region and establish Wales as a Centre of Excellence for Financial Services”.
Offering graduates the chance to experience a professional career in financial services first hand is key to this success, giving participants 2 year paid placements, spanning the participating businesses. Ceri Assiratti, Head of People Services at Admiral, says: “What’s great about the Scheme is that the graduates get to understand a financial services business from the inside out, gaining experience of the breadth and variety of roles that exist in the sector. In doing so, they have a real life opportunity to find their niche – in many ways it offers a fast track experience of something that would usually take the first few years of your career to determine.”
Participants receive technical training, a customised Masters qualification delivered by University of South Wales and vitally, important work experience in key roles such as underwriting, account management and finance, across the participating businesses. Through this collaborative approach, Wales, which has a strong financial services employer presence, has been able to inspire and develop a talent pool of future financial services professionals.
Ross Flanigan, Director of the Cardiff Delivery Centre for Deloitte, is a strong advocate of the scheme and explains why it will be important to Deloitte’s recruitment:
“Our fast-expanding centralised capabilities in Cardiff are key enablers in our firm’s strategic growth plans, and we seek people who are able to operate at the highest level but who can sometimes be harder to identify locally. The Welsh Financial Services Graduate Scheme offers participants a regional alternative at the start of their career development. For us, it has created a new part of the talent pool, with well qualified and high calibre people who will have a good commercial understanding of the markets in which Deloitte operates. The experience gained through the scheme could give these people an edge in the recruitment process and enable them to quickly become effective in new roles.”
The programme is seeking funding to increase the size of the scheme with additional companies and a potential intake of forty graduates joining in September this year.
Graduates seeking to apply to the scheme or financial services businesses interested in joining the consortium should contact Rowena O’Sullivan on 02920 824022 or email Rowena.o’firstname.lastname@example.org