Financial Services Firms Seek Multidimensional IT Talent in Wake of Reform

JACKSONVILLE, Fla., May 2, 2011 /PRNewswire/ -- Modis, a leading provider of information technology staffing, today released its latest white paper, "Staffing for Success in a Post-recessionary Regulatory Environment." In the wake of the economic and regulatory developments of the past three years, financial services institutions are in search of a new breed of IT professional – a multidimensional candidate equipped with an overarching skill set and a keen understanding of risk management.

As the glut of IT projects that were put on hold during the recession become corporate priorities, there is a new sense of urgency to invest in the initiatives that will deliver the competitive edge companies need, and ensure that the right people with the right skills are driving them.  The white paper sheds light on two areas critical to banks and financial companies today:

• Liquidity risk management (LRM) – Many companies' LRM systems today are supported by highly antiquated technology, and therefore require a balance of enterprise data management and business intelligence expertise combined with a sound understanding of new regulatory requirements to modernize their platforms.
• Low-latency, high-frequency trading – Leading securities and hedge fund firms are focusing in on this specialized class of warp-speed trading, creating the need for multidimensional technologists from the datacenter to the trading floor.

"With new demands on the rise, candidates who fit the profile of having both financial and technical expertise are not sitting on the sidelines but are currently employed and commanding high wages, placing the responsibility to proactively seek candidates on employers' shoulders," said Jack Cullen, president, Modis. "In the financial services industry, the war for talent has already begun. Employers must act quickly and nimbly to identify the top talent and staff up to meet new objectives."

To access a copy of the white paper, go to www.modis.com.

About Modis

Modis is a global provider of information technology staffing services and the second largest in North America. As the most dynamic IT recruitment specialists in the world, Modis connects leading companies in virtually every industry with top IT professionals for both temporary and permanent assignments. With keen industry insight, tenacity and unmatched depth of expertise, Modis understands the world of IT and the people who practice it. It is this understanding that empowers Modis to help both clients and candidates make exceptional connections in today's complex world of technology. As of January 2011, Modis has joined forces with Ajilon Consulting to create a true powerhouse in the field of IT staffing, offering the most expansive talent base, branch network and global reach available in today's workforce. For additional information, please visit www.modis.com.

SOURCE Modis