The 6 Qualities of a Standout Financial Team

For any financial business to thrive, it needs the input of focused, cohesive teams that can work efficiently together. Strong teams drive innovation and ensure that companies reach their goals. At the same time, the positive culture implemented by a standout group of employees can also help organisations to retain their top-tier talent for longer.  

Of course, it takes more than placing a handful of people in the same room to create a capable team. The right combination of team members in your financial business means that their combined strengths outweigh any areas of weakness. Plus, they inspire one another to accomplish more and collectively push the company to one accomplishment after another.  

So, what makes a fantastic financial team so successful? 

1. Clear Communication Skills  

Communication is at the heart of any effective team, and the best financial teams know how to speak each other's language, and regularly share thoughts, ideas, and opinions. Importantly, good. Clear communication isn't just about talking but listening too, especially to feedback from colleagues, stakeholders and clients. A high performing financial team can listen to feedback and take it on board without becoming defensive.  

The right communication skills can reduce the risk of mistakes in accuracy-driven financial sectors, and contribute to a strong culture of trust and loyalty. When people feel like they can talk and be heard by their peers, they're more likely to share innovative ideas.  

2. Attention to Detail and Goal-Driven Actions 

Speaking of accuracy, teams in the financial sector know that every detail counts when it comes to achieving their business goals. These individuals are careful to follow proven processes in their work, and they know when to ask questions for additional clarification.  

At the same time, great teams know that being productive isn't just about making sure that every member of the group has been allocated the same amount of work. They focus on setting goals and reaching them one step at a time. Everyone understands the strengths and weaknesses of their colleagues, which means that they can distribute work effectively among themselves to get the best outcome.  

3. A Supportive Atmosphere  

While there might be a little playful competition between members of a successful finance team at times, the people in these groups know that they can rely on each other for help and support. Everyone contributes their fair share and knows where they fit into helping the team and business thrive. Trust is at the heart of how this kind of team operates.  

In a high-performing team, individuals are happy to go above and beyond to assist their peers when they need a helping hand. When things go wrong there is a collective, “what can we do to address the issue?”. When the team gets results, they celebrate together. This atmosphere of support also carries through when new people are brought into the company.  

4. Great Organisation Skills  

As the financial world becomes more complex and fast-paced, it's essential for high-performing groups to stay one step ahead. To do this, the best employees know that they need to organise their time and actions carefully. Although everyone on your staff will be responsible for keeping on top of their own workload, a team also knows how to check-in and make sure things are running smoothly with their colleagues too.  

Some financial teams will initiate meetings with leaders so they can discuss project milestones and ensure plans are in place for any hurdles that may need overcoming.   

5. Strong Initiative  

A great leader is a critical component of a good team. However, the best financial departments don't have to rely on management to continually tell them what to do. These people are specialists in their field and experts at making sure that the job gets done - whatever it takes.  

A high-performing team is packed full of individuals that are willing to take the initiative, explore new ideas, and find ways to deliver on company goals, without extra input. This high level of proactivity means that targets are accomplished faster, and the whole organisation benefits from a creative and high-energy culture.  

6. Vision and Adaptability 

Finally, the best teams know where the business is heading, and what their role is in helping it to get to that destination. With a shared vision between them, people always keep the big picture in mind when making decisions, which allows them to anticipate problems in advance too, and plan to to mitigate issues.  

Because they know their purpose, successful financial teams can adapt and pivot when challenges come their way. They embrace change and see it as a chance to build on their existing skills.  

A standout financial team is the best way for your company to differentiate itself in the modern marketplace and pave the way for future success. If your team doesn't have the skills and characteristics outlined above, then it may be that you need to work alongside a specialist recruitment agency to find new talent for your organisation.

Thanks,

Pegah

About Flowtalent

The GCC is a dynamic and growing market where identifying top talent and world class professionals for the financial services industry is highly competitive.

Flow provide an executive search service led by industry experts, geared to any level of role within the Financial Services Industry. This service is driven by innovative, established and proven research teams who customize each requirement from our clients.

Importantly at Flowtalent, we meet with all our candidates face to face to gain an understanding of their requirements, ensuring we guide them in finding their ideal role.

You can download our complimentary guide on how to attract UAE national talent here. To get in contact send us an email.