Since ChatGPT arrived on the scene in November 2022, there’s been much renewed debate about whether artificial intelligence will replace humans.
The chatbot created by OpenAI has the ability to answer almost any question, write poetry, create flawless essays and even solve complex mathematical problems.
But not if you work in finance it seems – hot on the heels of JPMorgan Chase, Citigroup, Deutsche Bank, Wells Fargo, Bank of America and Goldman Sachs banning their employees from using ChatGPT, the Central Bank of Ireland has also restricted its staff from accessing the chatbot.
So why are so many global financial institutions cracking down on its use in the workplace? Security, loss of control over customer information and compliance issues have been cited as the main reasons why the third-party software has been banned.
The good news is that if you’re looking for a job in finance, there are no restrictions on using ChatGPT to your advantage to finesse your applications.
Help your CV stand out
Thanks to the rise of applicant tracking systems (ATS), an increasing number of companies – 98 per cent of Fortune 500 companies to be exact – are relying on software to filter job applications. ATS is programmed to automatically reject CVs that don’t contain the same keywords as the job description and failing to customise your CV accordingly means you’ll fall at the first hurdle.
Side-step any guessing games by uploading your CV to ChatGPT along with the job description of the job you’re applying for and ask it to personalise your details accordingly. You’ll have to fact check the results but you should receive a tailor-made CV that ticks all the ATS boxes.
Cover all bases
Lots of job seekers consider cover letters an afterthought but ignore them at your peril: according to Jobbio’s Hiring Intelligence Report 2022, 46 per cent of hiring managers view a well crafted cover letter as an essential component in setting yourself apart from the competition.
If writing a cover letter has never been your forte, ChatGPT can help. Simply ask it to write a cover letter for the job you’re applying for, making sure to include the job title and job description along with your personal information, and you should receive a well-written letter that touches on all the key points back.
While ChatGPT can’t do your interview for you, it can help you prepare the responses to classic interview questions along with any trick curveballs the hiring manager might throw in.
It can also help you understand the more technical parts of the job you’re interviewing for if you need to brush up on your technical skills or want to get additional information on software you’ve never used before.
Ready to give ChatGPT a go? The Fintech Times Job Board features thousands of jobs in companies that are actively hiring, like the three below.
Business Banking Specialist, Starling Bank, Manchester
The Business Banking Specialist will be responsible for providing dedicated customer service to Starling’s business banking clients with accountability for sales, service, risk and operational delivery. You will also talk to newly onboarded businesses and support payment reviews to help customers. You will also support other colleagues in the bank and build a strong network through attending and organising regional networking events. View more details here.
Business Banking FinCrime SME, Monzo, London
Monzo is looking for a Business Banking FinCrime SME owner to drive forward the development of its business banking fincrime capabilities. You will support the strategy to deliver improvements, working closely with the product and engineering teams to optimise Monzo’s ability to detect, prevent and pursue all aspects of financial crime. You will also be responsible for defining and interpreting key measures and metrics and report risks and issues to key committees and senior executives. See the full job description here.
Lead Analyst, Relationship Management (Enterprise), BNY Mellon, London
Based in London, the Lead Analyst for the Nordics (Denmark, Norway, Sweden, Iceland, Finland) will be responsible for working closely with client executives as well as regional and global leadership as they drive growth. You will manage client projects, support specific clients, understand the bigger picture for key client relationships and own client processes such as account plan updates, sales planning and revenue recognition. Fluency in a Nordic language along with strong analytical, presentation and communication skills are essential for this role along with experience in client services. Apply here.
For thousands more jobs in finance and fintech, visit the Fintech Times Job Board today.