The Banking and Financial Services industry includes a variety of business models, with sectors such as retail banking and insurance being more consumer-focused, and investment banking and wholesale banking more institutional in nature.
Generally speaking, HR in this sector is results-focused and fast-paced, as internal customers can have strong and demanding personalities and need to make key business decisions at speed. The banking sector has undergone volatile change since 2008. Banking HR talent who remain attracted to this sector enjoy the sharp business partnering required to service demanding bankers. On the downside, the sector has become very compliance based and risk management focused, which hasn't been every HR leader's cup of tea.