Author: Geetika Jain
Over the last two decades, Dubai has become the trade hub of the Middle East. There are many booming industries in the United Arab Emirates, of which banking and investment sector is a leading one. All major global banks have operation in Dubai thus establishing the city as the banking hub in the Middle East region. The sector has grown a lot in the recent past and created many banking jobs in Dubai. in fact, the banking and finance sector has led to a job boom in the country. Expatriates are being hired for jobs in the banking and finance sector in various profiles at the junior, middle and senior management levels.
The exceptionally booming economy of Dubai has attracted a lot of international as well as local attention to the city. A lot of finance has also been pumped into the city. This and other reasons have led to a lot of financial activity in the region. The expatriate population is also very high in the region. So, to cater to their banking needs, international banks have set shop in Dubai. With the increase in demand for banking and finance services, the employment opportunities in the banking sector also went up. The banks and financial institutions required qualified, world-class staff to cater to the global population in Dubai. Hence, jobs in Dubai for banking and finance opened up for professionals around the world.
In fact, the Dubai International Financial Centre (DIFC) is being considered the new global financial centre. It has created vacancies in all streams of the banking and finance industry including private, investment and corporate banking to capital markets, asset management and Islamic finance. The DIFC will be like a mini-city inside the emirate of Dubai. It will offer an opportunity for professionals to live and work in the financial centre. In DIFC, there will be job vacancies in finance companies in the main six fields, which are banking services, DIFX (exchange), asset management, reinsurance, targeted service provision and Islamic finance.
Currently, there are a plethora of job opportunities in the international financial advisory sector owing to the expanding expatriate population in Dubai. The international brokerages that are functional in Dubai look after the finances, investment portfolios and wealth management activities of their clientele. This includes corporate as well as individuals. The banks and financial institutions provide corporate solutions to big and small companies functional in Dubai and also assist individual expatriates manage their offshore investing, international banking, securing international mortgages and required assistance with saving money on global health insurance cover.
If you are looking for a job in the banking and finance sector in Dubai, you require experience in the financial services industry. Even experience in high level sales or sales management is beneficial for securing a banking job in Dubai. If you have experience with an international bank already, you can easily look to get a job in Dubai. The major banks operational in Dubai are National Bank of Ras Al Khaimah (RAKBank), First Gulf Bank, Emirates Islamic Bank, Abu Dhabi Commercial Bank, Dubai Islamic Bank, National Bank of Dubai and many more besides international banks such as Lloyds TSB Bank, Barclays, Citibank, Standard Chartered Bank, HSBC Bank and many more.
Like any other job in Dubai, even for a banking job, you would require a sponsor to be able to work for a bank or financial institution in Dubai. Generally, your employer will be your sponsor and will look after all immigration formalities on your part, once you are hired. There would be a PRO office in the company that undertakes all such activities for expatriate workers. Also, while applying for the job, you would need an attested copy of all your educational qualifications. The notary who attests the certificates would have to be validated by the foreign office in Dubai.
Banking jobs in Dubai are quite lucrative as international banks pay well to hire quality talent. Also, since there are no personal taxes levied on the salaries, all you earn is for you to keep. Many expatriates work in Dubai banks and financial institutions to make life time savings. So, it is like enjoying the best of both worlds. While there is good money to be made, there is also enviable lifestyle that one can enjoy while working in Dubai.
About the Author:
Geetika Jain writes on behalf of NaukriGulf.com, a leading job portal forjobs in Gulf Region, banking Jobs in Dubai, 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.
Article Source: ArticlesBase.com - Banking Jobs in Dubai
