There are numerous little facets that contribute to making a brilliant successful leader, but the traits listed below are a number of the most fundamental starting points: keep reading to learn much more.
Among the skills required for finance jobs, especially those that are at the top, probably one of the most crucial is distinctly the skill of setting realistic yet ambitious objectives. Needless to say, one would want to be a bit of a risk-taker, if a nice result has the capacity of bringing fantastic profits, but they shouldn’t do that to an degree that would be damaging to the company. 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.
There are a few extremely delicate balances which are crucial 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 firm, not being too proud and still preserving one’s humbleness. Individuals like Ken Griffin have demonstrated how one should make sure their employees are positive enough to perform to their best: this might be done by listening to constructive feedback and actively working to uplift the workplace.
Being an exciting leader is clearly not just about attitude, but also about actually being great at one’s job. Lots of strategic skills are needed, and industry insightfulness and numeracy should certainly be cardinal points of the training needs for finance department jobs, irrespective of whether they’re at entry level or for managerial roles. Arranging ahead and having a good sense of prediction is key, as shown by individuals like Ray Dalio, and leaders should usually be somewhat involved in their operations, knowing how each department functions and fits into the bigger picture, and most importantly keeping up-to-date with the latest trends of the sector.
Much like any sector, the financial one also needs its leaders to have a nice relationship with their staff, first and foremost. In this case, interaction is actually one of the most vital talents to have, both within their department and when they are striving to share the company’s views in its entirety, whether it is to investors or to the media. Figures like Jamie Dimon have acknowledged the importance of being honest with one’s working force, and integrity should be a nice that is always incorporated in the idea of leadership development for finance professionals. By being sure that one’s employees are enthusiastic, managers can achieve even better outcomes for their entire firm.