The global banking & payments industry experienced a 3% rise in new job postings related to cybersecurity in Q3 2022 compared with the previous quarter, according to GlobalData’s whitepaper on Cybersecurity in Banking & Payments – Hiring Activity in Q3 2022. This compares to a 36% increase versus Q3 2021.
Notably, Software and Web Developers, Programmers, and Testers jobs accounted for a 13% share of the global banking & payments industry’s cybersecurity-related total new job postings in Q3 2022, up 2% over the prior quarter.
Software and Web Developers, Programmers, and Testers, with a share of 13%, emerged as the top cybersecurity-related job roles within the banking & payments industry in Q3 2022, with new job postings rising by 2% quarter-on-quarter. Computer and Information Analysts came in second with a share of 6% in Q3 2022, with new job postings drop by 13% over the previous quarter.
The other prominent cybersecurity roles include Database and Network Administrators and Architects with a 6% share in Q3 2022, Computer and Information Systems Managers with a 5% share of new job postings.
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q3 2022 were JPMorgan Chase, US Bank, Citigroup and Wells Fargo. Together they accounted for a combined share of 24% of all cybersecurity-related active jobs in the banking & payments industry.
JPMorgan Chase posted 2,493 cybersecurity-related new jobs in Q3 2022, US Bank 1,751 jobs, Citigroup 1,531 jobs, and Wells Fargo 1,020 jobs, according to GlobalData’s Job Analytics.
The largest share of cybersecurity-related new job postings in the banking & payments industry in Q3 2022 was in the US with 50% followed by India (12%) and the UK (9%). The share represented by the US was two percentage points lower than the 51% share it accounted for in Q2 2022.