Every fantastic leader is unique to some scope, but every so often the key to success can be found in these qualities which are shared by countless influential figures in the financial sector.
Just as with any field, the financial one also needs its leaders to actually have a great relationship with their staff, to start with. In cases like this, interaction is actually one of the most essential skills to have, both within their department and when they are seeking to share the company’s views as a whole, whether it be to investors or to the press. Figures like Jamie Dimon have identified the importance of being honest with one’s working force, and integrity should be a nice that is usually added in the principle of leadership development for finance professionals. By making sure that one’s employees are passionate, managers can achieve even better results for their entire company.
There are a few really delicate balances which matter in terms of the characteristics of good financial management, and one among them has to do with confidence: this is both in relation to one’s attitude and self-esteem, standing their ground but at the same time inspiring confidence for the rest of their company, not being too proud and still preserving one’s humility. Individuals like Ken Griffin have demonstrated how one should ensure their employees are comfortable and confident enough to perform to their very best: this might be done by listening to constructive feedback and actively working to enhance the workplace.
Among the skills required for finance jobs, especially those that are at the top, amongst the most crucial is certainly the skill of setting realistic yet ambitious objectives. Needless to say, one would want to be a little bit of a risk-taker, if a good result has the prospect of bringing fantastic revenue, but they shouldn’t do that to an scope that would be damaging to the firm. At the same time, the targets for their employees should be high enough for them to try their best, but still realistic. In the end, it is all about balance.
Being a wonderful leader is clearly not merely about attitude, but likewise about actually being good at one’s job. A bunch of strategic abilities are required, and business acumen and numeracy should certainly be central points of the training needs for finance department jobs, irrespective of whether they’re at entry level or for managerial responsibilities. Planning ahead and having a good sense of prediction is key, as shown by individuals like Ray Dalio, and leaders should invariably be somewhat involved in their operations, understanding how each department functions and fits into the bigger picture, and most importantly keeping up-to-date with the latest patterns of the sector.