Saudi Arabia is one of the richest oil economies in the world. Its economy is completely dependent on its oil reserves and petroleum exports from ages. The government is now trying to shift the focus of its oil concentrated economy to other sectors like architecture, tour and travel, hospitality, real estate, finance sector and other such industries.
The financial sector of every country is supposed to be the backbone of its developing economy. Saudi Arabia is trying to explore its banking and finance sector by providing better services and expanding the arena. For this, it needs more number of professionals trained and well equipped to handle finance related activities. Banks and financial institutions of the city are now looking for skilled finance professionals from all around the globe. Banking jobs in Saudi Arabia are on a roll due to this reason and are inviting applications from both natives and expatriates looking for building a career in finance sector.
Banking and investment industry is a leading sector in Saudi Arabia. It has, in fact, been able to establish itself as a banking hub of the Middle East region. Also, Saudi economy attracts local and international investment institutions as it provides great returns for capital investment. The growing banking and finance sector of Saudi Arabia directly contribute to the banking jobs boom in the country. They offer employment opportunities to numerous profiles in all senior, middle and junior levels.
The recovery of slowing economy and its restoration has also helped in generating jobs in banking in Middle East cities. According to the data reports, banking jobs in Saudi Arabia are available across all management levels from top notch to the lowest. Some of the vacancies available in banks and financial institutes of Saudi Arabia are:
Financial Risk Manager
Senior Business Analyst
Senior Credit Officer
Senior Finance Manager
Senior Compliance Advisor
Senior Internal Audit Manager
Change Management Specialist
AVP Private Equity
VP Investment Banking
Director Investment Banking
Head of Asset Management
Chief Financial Officer
Chief Operating Officer
Chief Executive Officer
The best part of these banking jobs in Saudi Arabia is that they are open to all, be it a localite or a migrant. They do not have any qualms in hiring professionals from outside the country as their only requirement is the right set of skills and abilities. If an expatriate is a finance expert, they do not mind hiring him to a senior position, as senior as up to the level of CEOs, COOs and CFOs. So, an expat with years of experience in banking industry can also apply and easily get a job in Middle East countries.
Some of the important banks of Saudi Arabia are:
-The National Commercial bank
-Saudi American bank
-Arab national Bank
-Al Rajhi Bank
These banks play a particularly important role in the functioning of Saudi Arabian economy. They offer quality consultancy services to customers, variety of products and have high financial performance. Moreover, they take good care of not only customers but employees also by creating good working environment and attaching importance to their training and development. Thus, as apparent, banking sector is a great industry to work with for banking professionals.
The banks of Saudi Arabia and its cities aim at distinguished banking and excellence. They extend employment avenues in the fields of IT, accountancy, finance, merchandising, marketing, executive secretary, corporate finance, treasury, etc. So, a finance professional with expertise in any of the fields, from any of the countries can apply for banking jobs in Saudi Arabia.
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Deepika Bansal writes on behalf of NaukriGulf.com, a leading job portal for jobs in Gulf Region, Jobs in Saudi Arabia, Middle East jobs. Naukri.com's foray into the Middle East is an Endeavour to provide established client base with services that best meet their international requirements as well as expand our operations on to a global arena.
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