Every major leader is distinctive to some extent, but once in a while the key to success might be found in these qualities which are shared by many important figures in the financial domain.
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 humility. Humans like Ken Griffin have demonstrated how one should be sure their employees are self-confident enough to perform to their finest: this might be done by listening to constructive feedback and actively working to improve the workplace.
Being an exciting leader is certainly not merely about attitude, but also about actually being excellent at one’s job. Lots of strategic abilities are needed, and business insightfulness and numeracy should obviously be key points of the training needs for finance department jobs, no matter whether they’re at entry level or for managerial responsibilities. Arranging ahead and having a good sense of prediction is key, as displayed by individuals like Ray Dalio, and leaders should usually be somewhat involved in their operations, being aware of how each department functions and fits into the bigger picture, and most importantly keeping up-to-date with the latest patterns of the industry.
Among the skills required for finance jobs, especially those that are at the top, perhaps one of the most crucial is definitely the capability of setting realistic yet ambitious objectives. Of course, one would want to be a little bit of a risk-taker, if a nice result has the potential of bringing large revenue, but they shouldn’t do that to an extent that would be damaging to the business. At the same time, the targets for their employees should be high enough for them to attempt their finest, but still realistic. In the end, it is all about balance.
As it is with any industry, the financial one also requires its leaders to have an amazing relationship with their staff, at the start. In this situation, interaction is definitely amongst the most important skills to have, both within their department and when they are seeking to share the company’s views by and large, whether it is to investors or to the press. Figures like Jamie Dimon have acknowledged the relevance of being honest with one’s working force, and integrity should be a nice that is usually incorporated in the concept of leadership development for finance professionals. By making sure that one’s employees are enthusiastic, managers can attain better yet outcomes for their entire company.