Financial services tests measure candidates on the essential skills, competencies and behaviours required to excel as an employee within the financial services sector.
Financial services tests are blended assessments that bring increased efficiency and insight to the recruitment process for financial services roles. It helps employers within this sector identify applicants with the highest levels of proficiency and the greatest potential to thrive.
The tests use questions designed to assess the core skills and attributes known to contribute to success as a financial services professional. They look at abilities such as problem-solving, critical thinking and decision making, as well as testing for general financial acumen. They are also taken under timed conditions, so measure a candidate's ability to apply these skills when working under pressure.
Ideally administered in the early stages of recruitment, a financial services test is an efficient way to narrow down a large applicant pool, and focus your attention on those candidates of most value to your organisation.
Recruitment is a complex process that requires careful assessment of each applicant's core skill set – and in financial services, that skill set is diverse.
Neuroworx's financial services tests are designed specifically for this purpose, allowing you to evaluate key competencies at scale, improving the quality of both the hiring process and the applicants you progress.
Whether you operate in investments, insurance, or business banking, as an employer within the financial services industry you want to ensure that you source and select the most promising talent for any given position.
To do this, you need to overcome two key challenges: dealing with the sheer volume of applications you're likely to receive, and evaluating skills and attributes that are impossible to assess on paper.
Neuroworx's financial services test helps you meet these challenges. Easily administered to your entire applicant pool, it makes for an effective screening tool. Instead of relying on CVs and application forms, you can put each candidate's claims to the test to determine just how skilled they are.
Detailed performance reports give you comparable data, so you can quickly pinpoint the most promising talent for progression and eliminate those that fall below your required benchmark.
A financial services test brings objectivity, accuracy, and evidential proof of an applicant's abilities to the recruitment process. These assessments are also a strong indicator of a candidate's capacity for learning, so you can be confident that your chosen hire has what it takes to develop in their role.
Neuroworx's financial services test may prove a useful tool when hiring for:
Results for the Financial Services Test along with other assessments the candidate takes will be compiled to produce a candidate report.
The report is automatically generated and available both online and as a downloadable pdf so they can be shared with other team members and employees alike.
For a well-rounded candidate profile, an effective test battery would include:
Numerical reasoning tests look at an applicant's ability to evaluate, interpret and draw logical conclusions from numerical information that is new to them - a key skill in any financial services role.
The test taker is required to work with data presented in tables, charts and graphs, using it to solve a number of problems with both speed and accuracy, much like they'd be expected to do in their day to day role.
These are job-specific aptitude tests that pay close attention to the fundamental skills required of any given role.
You'll find an extensive range of these in our test library, from financial analyst tests to actuary tests.
In a diagrammatic reasoning test, a candidate is required to apply their analytical and logical reasoning skills to solve a series of abstract problems.
Those that perform well have the ability to take new information on board, and use it to inform an accurate outcome, as they would be required to do in a financial services role.
Another measure of problem-solving ability, abstract reasoning tests ask candidates to complete visual sequences by identifying rules and relationships between shapes and patterns.
These assessments help to highlight those that are quick to process information, and as such have a strong capacity, not just for problem-solving, but for learning too.
Validated
Neuroworx provides evidence-based recommendations for tests to use for over 750 jobs. Our recommendation engine leverages data from the Occupational Information Network (O*NET) developed by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA).
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All our Financial Services tests are written by accredited psychologists and fully validated.
We offer Financial Services tests for all levels so you can assess all roles within your organisation.
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Testimonials
Provides all the data and high-level metrics we need to make fast hiring decisions. Neuroworx has been particularly helpful in scaling our operations since we moved to remote working.
Focusing on data reduced the subjective decision making from our hiring process and allowed us to reduce bias and make better hiring decisions.
We used Neuroworx as part of our Finance Graduate Scheme recruitment and it was just what we needed – really simple to send candidates the link to complete and clear to see how they all compared. And great value for money!
Origins
A well constructed and comprehensive recruitment process in the financial services sector includes an initial application, pre-employment aptitude tests, interviews and an assessment day, the combination of which allows for a thorough evaluation of candidate suitability.
Skills required of applicants to roles in financial services include numerical aptitude, critical analysis, problem-solving, teamwork, communication and attention to detail. They must also possess technical skills such as proficiency with spreadsheets and IT literacy.
Neuroworx operates on a monthly or annual subscription basis. We have several plans to suit your hiring needs, which you can check out here. Alternatively, you can get in touch with us to discuss a custom plan.
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