Riyadh – Mubasher: The Financial Academy has issued a new strategic report titled "Empowering the Financial Sector to Keep Up with Future Transformations," in partnership with Oxford Business Group. The report highlights the importance of reshaping skills in the financial sector as a strategic priority, in line with the goals of Saudi Vision 2030 .

The report, published by the Financial Academy on Wednesday, indicated that 40% of current skills in the financial sector will need to be reskilled by 2030. Furthermore, 84% of financial institutions expect business models to change due to artificial intelligence and data processing, and 63% of business leaders in the Kingdom see technical knowledge as the most important skill for 2025. Meanwhile, 95% of financial institutions plan to implement programs to reskill their workforce.

According to the report, demand for skills such as artificial intelligence (AI) is expected to increase by 75% by 2030, cybersecurity and networking by 68%, adaptability and flexibility by 66%, and analytical and creative thinking skills by 67%.

In detail, the report noted that business leaders in the Kingdom are preparing for the technological transformations expected to drive business transformation. Employers expect that 40% of current skills in the Saudi labor market will require retraining by 2030, roughly in line with the global average of 39%, according to the Future of Jobs 2025 report published in January of the same year.

84% of Saudi organizations indicated that artificial intelligence and information processing technologies, including big data, augmented reality, and virtual reality, are likely to be a major driver of business transformation in the coming years, while 61% of Saudi business leaders considered robotics and autonomous systems to also be potential drivers of change.

The report noted that 63% of Saudi leaders indicated that technological proficiency is among the most in-demand skills for 2025, compared to 51% globally (where this skill ranked sixth globally). This percentage rose to 75% in Saudi Arabia and 71% in 2030.

The report revealed the most prominent future jobs in the financial sector over the next five years: green finance specialist, sustainable investment portfolio manager, digital risk officer, data privacy analyst, and fraud detection expert.

To view the report "Empowering the Financial Sector to Keep Up with Future Transformations" in the Kingdom, please click here .