Podcasts

Recruiter Nako Mbelle: ‘Fintech skillsets in demand right now are pretty exotic’

  • It's hard to find fintech job candidates who have both technical and financial skills.
  • Nako Mbelle joins us on the podcast this week to talk about the market for bleeding-edge fintech talent.
close

Email a Friend

Recruiter Nako Mbelle: ‘Fintech skillsets in demand right now are pretty exotic’

There’s a talent war brewing in financial technology. On this week’s Tearsheet podcast, Nako Mbelle, who runs the global recruitment company Fintech Recruiters, joins us to discuss how difficult the market has gotten.

“The demand for talent right now is very much outstripping the supply,” said Mbelle. “If you’re interested in pivoting in any way in your career, I highly recommend going to a blockchain meetup or an Ethereum meetup in any city you’re in. Microsoft is heavily involved in the Ethereum community. That would be a great place for people to explore and learn Solidity. Nobody has work experience in it — you just have to get on to Github and contribute to fixing bugs and involved in projects.”

 

Subscribe: iTunes I SoundCloud

Below are highlights, edited for clarity, from the episode.

The challenge of fintech recruiting
“Fintech hires aren’t the easiest to make. Both startups and midsize fintech companies find it hard to hire people with technology and finance experience. Blockchain and cryptocurrency companies really want people who understand finance. They don’t want to train people, because they want their developers to deeply understand the tribe that they’re marketing to. Payment companies might be a little more flexible. It really depends on how bleeding edge the company is.”

What skills are firms looking for?
“The skillsets in demand right now are pretty exotic. Blockchain companies are recruiting heavily. Bitcoin is built on C++, so we’re looking to fill a lot of roles in C++. Python is big. Scala is another one. Solidity, which Etheruem uses, is also in demand. JavaScript all of a sudden is in high demand because the industry wants its stuff to look pretty and be easy to use. We’re also seeing a lot of AngularJS and Node.js requests.”

What questions should hiring managers ask of recruiters?
“You should ask if a recruiter understands the industry. It’s hard to do this work if you don’t. There’s a lot of politics in certain parts of the industry. There are multiple camps in the Bitcoin community. If you’re speaking to a developer who is a Bitcoin purist who thinks that blockchain is synonymous with Bitcoin, you’re probably going to piss him off. It’s important to understand the political aspects and the philosophy behind the cryptocurrency community. They’re in it for very personal reasons and it’s much more than just about the money.”

Trends in salary packages and loyalty
“Many developers want to get paid in the cryptocurrency they’re working on, as well as having a regular salary and option packages. I’m always surprised how risky some of these packages are. I’m seeing more consultancies arise, covering a variety of industries that want smart contracts. This opens the field to people from other fields.

There’s a lot of job hopping going on. I get guys who passively contact me, looking for greener pastures in the space. What I’m realizing is that culture is everything. It’s really important to create an environment that makes employees happy to come to work, that they’re contributing to something much larger than themselves. I’ve heard good things about Consensys, about their culture. People in this space want to be challenged and have their minds and capabilities stretched.”

 

0 comments on “Recruiter Nako Mbelle: ‘Fintech skillsets in demand right now are pretty exotic’”

Payments, Podcasts

Payoneer’s Charles Rosenblatt: ‘We found a way to play on both sides of the market’

  • Charles Rosenblatt has a long career in payments.
  • Joining Payoneer recently as chief strategy officer, he joins us to discuss the company's progress and future plans.
Zachary Miller | September 14, 2020
Finance Everywhere, Podcasts

Inside Shopify’s financial services strategy

  • Shopify provides more than a million merchants with the tools they need to start, manage and grow their businesses.
  • By looking after all aspects of business operations in one place, Shopify is able to build financial products -- including banking, money management, credits and payments -- that are tailored to sellers’ needs.
Suman Bhattacharyya | September 11, 2020
Online Lenders, Podcasts

Zest AI’s Mike de Vere: ‘You don’t have to give up economics to be more fair’

  • Machine learning and AI models are changing the face of lending.
  • They're able to clarify the tradeoffs between fairness and economics and optimize them.
Zachary Miller | September 08, 2020
New banks, Podcasts

BMO Harris’ Niamh Kristufek on empowering women in fintech

  • Fintech firms with women at the helm don't receive the same attention and investment dollars.
  • BMO Harris partnered with 1871 on a cohort of women-led fintech firms with the bank's mentorship and programming.
Zachary Miller | September 01, 2020
Podcasts

‘Everything is changing’: Edward Jones’ CIO Frank LaQuinta on the modernization of brokerage

  • In a digital world, traditional stock brokerages are trying to evolve with changing expectations.
  • Edward Jones' CIO joins us on the podcast to discuss technology and how his firm is positioning itself for change.
Zachary Miller | August 19, 2020
More Articles