Top 4 Common Questions that are Asked in Finance Jobs in Hong Kong
One thing for which Hong Kong has become very popular in recent time is that it has become one of the most popular banking and finance hubs of the Asian-Pacific region. Professionals in finance jobs in Hong Kong are receiving higher than average salary packages. Finance jobs are wide and varied and there are many job openings within Hong Kong’s top banking and financial institutions. Right from entry-level to experienced job roles in banking and finance, finance jobs in Hong Kong are very popular.
Going by the popularity of finance jobs in Hong Kong, there has been severe competition in the banking and finance sector. So, to build a prospective finance career in Hong Kong, the candidates, besides the relevant skills and qualifications, should be well-prepared for the interview and should know and understand the current trends so as to be in an advantageous position when compared to their competitors.
Common Questions that are Asked in Finance Jobs in Hong Kong
#1 Considering the fact that financial technology (fintech) has become very popular in Asian countries, candidates may be asked questions on fintech.
Here, the candidates should be clear as to what comes under the umbrella of ‘fintech” and how it is affecting the traditional banks and creating problems in the traditional finance sector in Hong Kong. While the candidate should approve of the growing importance and need for technology in finance, he should also be able to give an idea on the challenges faced by traditional banks and how such challenges can be resolved. The candidate should be able to mention that if he gets a chance to do finance jobs in Hong Kong, he would try create a fintech-friendly climate in the organization by upgrading or learning new tech skills and providing value-added services to clients. Candidates should also be aware of certain terminologies like as robo-advisors, 8 Securities, Quantified etc.
#2 Candidates maybe asked questions on contract recruitment
For finance jobs in Hong Kong, most financial firms in Hong Kong are opting for contractual recruitment. Here, in some cases, the candidates may or may not get a second project. So, employers usually ask candidates whether they have any issues on contract recruitment. In such a case, candidates are advised to give their answers in a positive way. They can say that even if they do not get the second project immediately after the completion of the first project, they can take up interim jobs which can actually diversify their portfolio of a finance career and help them to up-skill themselves, may be in the area of project management or other fields.
#3 Candidates may be asked questions on the Mandarin language
In Hong Kong, Mandarin is the official language. However, in the international banking and financial institutions, English language is spoken and written. But, still, most employers prefer their candidates to be comfortable in the Mandarin language as well. Whether a candidate knows Mandarin or not is a common question asked to foreign national. Here, if the candidate knows the language, there is no problem. However, if a candidate is a foreign national, and he does not know the language, he should not give a definite ‘NO’ as an answer. Rather, he should say that he is learning Mandarin and very soon will be able to communicate the language. As an advice, if as a foreign national, you want to do finance jobs in Hong Kong or any other jobs, it is better to learn the local language to make your life easier.
#4 Questions on qualifications and skills
Last but not the least, your qualifications and skills play a vital role in getting finance jobs in Hong Kong. Qualifications like as the Certified Internal Auditor (CIA) and Certified Public Accountant (CPA) are highly sought-after. To secure a finance career in the city, it’s necessary that the candidates should invest in professional courses as part of their career development. So, when the interview board asks questions on your qualifications, list some relevant examples on how your skills and qualifications have helped in your career in a meaningful, quantifiable way.