Every fantastic leader is special to some extent, but sometimes the key to success might be found in these qualities which are shared by so many crucial figures in the financial business.
Among the skills required for finance jobs, especially those that are at the top, perhaps one of the most crucial is absolutely the skill of setting realistic yet ambitious objectives. Of course, one would want to be a bit of a risk-taker, if a nice result has the capacity of bringing large profits, but they shouldn’t do that to an degree 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 finest, but still realistic. In the end, it is all about balance.
Being an exciting leader is obviously not just about attitude, but likewise about definitely being great at one’s job. A great deal of strategic skills are required, and business insightfulness and numeracy should obviously be primary points of the training needs for finance department jobs, regardless of whether they’re at entry level or for managerial duties. Arranging ahead and having a nice 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 trends of the field.
As it is with any sector, the financial one also requires its leaders to have an excellent relationship with their staff, first and foremost. In this situation, interaction is definitely amongst the most major abilities to have, both within their department and when they are attempting to share the company’s views in its entirety, be it to investors or to the media. Figures like Jamie Dimon actually have recognised the importance of being honest with one’s working force, and integrity should be a quality that is usually added in the concept of leadership development for finance professionals. By making sure that one’s employees are stimulated, managers can attain better yet outcomes for their overall firm.
There are a few extremely delicate balances which are important on the subject 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 maintaining one’s humbleness. Folks like Ken Griffin have demonstrated how one should be sure their employees are optimistic enough to perform to their finest: this might be done by listening to constructive feedback and actively working to improve the workplace.