Non-ITIndustry

Novo also provides man power recruitment, staffing, interviews & appraisals processing, psychometric & aptitude assessments and general placement services to non-IT industries such as:

Corporate Banking represents the wide range of banking and financial services provided to domestic and international operations of Indian corporations as well as the local operations of multinational corporations. Global banks that operate out of India are seeking to increase their market share, and have been particularly aggressive in this market, keen to provide banking services to the fastest growing sector of the corporate market.

Corporate banking as an industry continues to grow in India opening up career opportunities for banking professionals in the various areas of services offered by these players which include Cash Management, Trade Solutions, Channel Financing, Fund Services, as well as domestic and international payments(FOREX), Treasury, Fixed Income, Currencies, Commodities, Equities and Loans.

Banking professionals opting for a career in corporate banking means starting out as credit analyst, relationship manager, or in treasury management; apart from front-line client-facing jobs, corporate banks also have an array of operational positions, including technology and human resources. The dynamic business scenario in the corporate banking space offers just the kind of challenge that NOVO enjoys.

Driven by increased competition and developing demand for consumer banking services, banks in India, in search of future business models and higher market share, are finding innovative ways to increase their penetration into the low and middle-income sectors by providing retail products and services specially designed for these groups. Common products and services include credit cards, home loans, automobile loans, a whole array of liabilities products as well as other consumer banking opportunities such as wealth management services, priority banking and private banking.

There are various opportunities available for banking professionals at various levels including fresh entry level graduates in most consumer bank front offices such as sales, personal bankers in branches, customer service officers in phone banking centers as well as roles in middle and back office functions such as in financial control, operations and marketing.

One of the key challenges in the consumer banking industry is in attracting and retaining the right talent. Attrition is a major issue facing these organizations, and that coupled with rapid growth results in this sector generating considerable demand for fresh talent.

Our clients enjoy the privilege of a talent acquisition partner that is flexible and ready to tailor services to take care of their specific talent acquisition needs. Our services are backed by our strong commitment to provide our clients with effective and reliable talent acquisition services.

The emergence of a strong retail consumer base has translated into a larger demand for retail financial products and the emergence of several Retail Financial Services players offering customized services and products targeted at the various micro-segments in the marketplace. They are one-stop shops for a variety of products and retail financial services such as real estate, residential mortgages, deposit services, mutual funds, insurance, financial planning, tax planning equity credit loans, and retirement planning.

While some of the hiring challenges in this business are similar to those in consumer banking, there is the additional challenge of ensuring that professionals in this highly transactional and large volume business have a breadth of knowledge of various financial products, are consumer market savvy and the ability to work in a highly competitive environment.

NOVO's key strengths are our strong understanding of the banking and financial services domain and our ability to offer customized recruitment solutions backed by a robust services delivery team as well as proven methodologies and processes.

As the global banks face tremendous pressure on profitability in the extremely competitive US and European markets, they are continuously seeking to source high quality talent from more capital efficient markets and establishing their presence in the emerging economies of Asia, India being one of those prominent locations. The last few years has seen the Indian economy on a steep growth path; public markets, private equity and M&A activity have been at an all time high resulting in record investment banking revenues in this region. While this surge in revenues has propelled India to become one of the largest markets for investment banking in the Asia Pacific region, this has been accompanied by the emergence of India as a leading hub for investment bank middle office and back office functions, now a key segment of the Knowledge Services industry in India.

Talent management presents several challenges in the investment banking sector; it's all about finding the right talent, recruiting them before your competitor does and retaining them in a highly competitive and cut-throat market. Global banks, Private Equity firms and Indian banks are competing for the same talent to expand their teams, resulting in significant demand for experienced investment bankers and upward pressure on compensation packages.

As part of our specialist talent acquisition offering, our team has a team of human resource consultants focused on the front office roles within Investment Banking recruiting across roles and levels. Our customized talent acquisition solutions and consistent execution, have led to long and enduring relationships with the world's most prestigious Investment Banks, Finance Boutiques and Investment Management firms.

India's private equity sector has grown and matured significantly; fund sizes and the number of deals have increased dramatically in the past few years. Private Equity investments are visible across various industries including infrastructure-derived industries, media & entertainment, financial services, energy, retail and most recently the restaurant and hospitality business.

With strong global interest in the Indian market continuing, the challenge is no longer about raising private equity funds, but how to extract value from the portfolio investments, turning the focus from financial capital to human capital and intellectual capital. Further, the success of these PE firms in the big league of high stakes private equity plays over the long run could depend heavily on one key factor - their teams of professionals.

Financial services companies compete in a flat world where, more than ever before, the competition is intense, the customers are savvy and the marketplace is less forgiving. Banks, insurers and capital markets companies must perform at the highest levels so they can create sustainable value for their customers and shareholders. The financial services sector accounts for a major proportion of the Knowledge Services industry which growing at a rapid clip and is considered to be the most dominant and highest growth segment in India.

The large investment banks, who have also been the leaders in outsourcing and offshoring, have moved their research operations offshore in order to take advantage of the time difference between various financial markets, as well as to tap into the high quality and cost effective talent available in these offshoring destinations. The services being performed offshore either through the captive or third party route include investment research, financial modeling and valuation, distressed debt analysis, equity research, fixed income research, statistical modeling, corporate risk management services and investment banking support.

Financial Services companies are faced with the challenge of managing the recruitment and selection of top talent while contending with a large volume of requisitions. The challenge lies in recruiting and selecting highly qualified candidates for hundreds of positions each year. Cost savings, operational efficiencies, availability of and access to a highly skilled and talented workforce and improved quality are all underlying expectations in outsourcing high-end processes to India. While there appears to be little shortage of institutions that train finance specialists in India at various levels of proficiency, scarcity of talent with the requisite industry experience has become the greatest challenge for this segment of the financial services industry.

NOVO, over the years, has grown to be the preferred recruitment partner for clients and trusted advisor for professionals in this space. The NOVO financial services recruitment practice has unparalleled knowledge of hiring trends, professional networks across a range of financial services industry subsectors and real-world experience supporting our clients who include global and local Investment Banks, captive centers as well as service providers.

Financial services companies compete in a flat world where, more than ever before, the competition is intense, the customers are savvy and the marketplace is less forgiving. Banks, insurers and capital markets companies must perform at the highest levels so they can create sustainable value for their customers and shareholders. The financial services sector accounts for a major proportion of the Knowledge Services industry which growing at a rapid clip and is considered to be the most dominant and highest growth segment in India.

The large investment banks, who have also been the leaders in outsourcing and offshoring, have moved their research operations offshore in order to take advantage of the time difference between various financial markets, as well as to tap into the high quality and cost effective talent available in these offshoring destinations. The services being performed offshore either through the captive or third party route include investment research, financial modeling and valuation, distressed debt analysis, equity research, fixed income research, statistical modeling, corporate risk management services and investment banking support.

Financial Services companies are faced with the challenge of managing the recruitment and selection of top talent while contending with a large volume of requisitions. The challenge lies in recruiting and selecting highly qualified candidates for hundreds of positions each year. Cost savings, operational efficiencies, availability of and access to a highly skilled and talented workforce and improved quality are all underlying expectations in outsourcing high-end processes to India. While there appears to be little shortage of institutions that train finance specialists in India at various levels of proficiency, scarcity of talent with the requisite industry experience has become the greatest challenge for this segment of the financial services industry.

Legal Process Outsourcing or LPO, the popular acronym by which the business is known as today is a relatively nascent, but certainly, a high growth segment in the Indian services industry. While there are widely varying estimates on the size of this Legal Process Outsourcing business, there are enough indicators to suggest that this space is characterized by rapid growth, multi-billion dollar potential and several thousand professionals working across several hundred firms in this industry.

The various services being offered include Litigation Support, Legal Research, Paralegal Services, Documentation drafting and review as well as a whole range of IPR services such as Patent Portfolio Analysis, Patent Mining and Administration, Patent Application Drafting and Filing, Patentability and Infringement Assessment, Patent Claims Mapping and Patent and Technology Landscaping.

The steep growth in demand for professionals in this space has been fueled by an assortment of emerging employers including in-house legal departments of technology and life sciences MNCs, venture funded legal services and solutions providers, international law firms, legal research firms, legal publishing companies and IPR services firms. The available talent pool includes technical professionals with legal training and orientation, certified legal professionals as well as paralegals and legal assistants.

Business Research supports companies to collect, analyze and synthesize information on potential market opportunities, the competitive landscape and other critical aspects such as pricing, buyer behavior, suppliers, distribution channels, talent availability and geographical markets to name a few.

Business research teams are either, organized as captive centers of large global corporations or, are set up within third party services providers providing business research solutions. These organizations are either part of, or cater to, the Healthcare, Life Sciences, Telecom, Retail, CPG, Energy and Technology sectors.

The requirements for professionals this sector include a strong research orientation - primary and secondary, strong data analysis and report generation expertise, project management skills, strong understanding of the business context and ability to use standard business research tools and methodologies. In addition these professionals are expected to have highly evolved language and communications skills and the ability to articulate research outcomes succinctly and accurately. While talent is adequately available in this space, there remains the challenge of having to manage the career goals of professionals aspiring to grow into client facing consulting roles, from the desktop research and other back-end research opportunities that this sector offers.