As many as 20,000 people will be able to apply for the job of chief financial officer for the next six months after the company announced on Thursday that it would be launching its first recruitment drive for new employees, with the aim of recruiting 100,000 to 150,000 candidates within three months.
The move comes amid a global financial crisis, as the global financial system is being squeezed and the job market is expected to be even tighter.
While it’s not clear how many jobs will be created, it is expected that there will be about 20,600 jobs added in the next year.
“This is the first stage in the global hiring cycle and we have some very exciting news to share about the future of finance and the future jobs in the finance industry,” Chief Financial Officer David Karpinski said in a statement.
“We’re excited to be able take this step forward to create the jobs that are essential to support the economic recovery, as well as the health and well-being of our customers.”
Mr Karpowski said the announcement would create more than 50,000 new positions across the industry, adding that they would be funded by the Federal Government and supported by new investment.
“As we move forward, I would like to make it clear that this is an industry driven by innovation and a strong focus on delivering results for our clients,” he said.
“The key for us is to be transparent about what we’re doing, so that our clients and the world can see what we are up to.”
In the last three years, the Australian Securities and Investments Commission has recorded over 100 cases of fraudulent investment claims, with more than $1 billion recovered.
The Australian Financial Services Commission (AFSC) has been working to crack down on fraud in the sector, and is set to launch a nationwide crackdown later this month.
The new recruitment drive, launched on Thursday, will include a call for people to fill out a job application online.
Those who choose to apply will have to provide personal information about themselves, including their job, salary, company, employer and other details.
Anyone who does not wish to take part will be given a short interview and a choice of three different jobs:”As an employee, you will be expected to work closely with the CEO, to ensure the financial services team is well equipped to meet the needs of the Australian economy and provide a level of customer service that aligns with your expertise,” the recruitment website reads.
“In addition, you’ll be expected, when asked to provide your name and address and will be asked to sign a confidentiality agreement which allows you to talk about your experiences and any potential future job opportunities.”
For those looking for a career in finance, the recruitment drive will allow those with qualifications, experience and qualifications to get involved in the profession.
Job seekers who apply for any of the positions will be rewarded with a cash bonus, as it is believed to be up to 20 per cent above the standard rate.
The ABC has contacted the company for comment.