Five New Financial Jobs Of The Future
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Five New Financial Jobs Of The Future

NFT Appraiser? Financial-Bot Supervisor? Industry insiders on the unexpected roles they see coming.

By Chris Kornelis
Thu, Jul 21, 2022 1:39pmGrey Clock 3 min

Money and possessions are evolving in an increasingly digital and virtual world, and financial jobs will also change to keep up. Here’s a look at some new roles those in the industry see emerging.

In-House Bank Hacker

Usually bank security guards keep the bad guys out. How about security guards hired to break in? Large financial institutions have long hired companies to hack into their systems and report back on weaknesses, a process called penetration testing, says Shawn Moyer, co-founder of one of those companies, security-research firm Atredis Partners. A big change that he’s seen in recent years is that financial institutions are employing in-house penetration testers to continuously test their systems. “People have figured out you can’t just do a test once a year. When you’re continuously writing code and you’re continuously deploying new infrastructure, you have to have a continuous penetration-testing process,” he says. It’s always been difficult to find talent, says Mr. Moyer, who has recruited penetration testers for more than 20 years. Now these jobs are even more in demand. Do we need more hackers? “I don’t tend to use that word that much, but yes,” Mr. Moyer says.

NFT Appraiser

As our lives increasingly migrate to digital and virtual worlds, we’ll begin to acquire assets in those worlds, says Ken Timsit, managing director of the Cronos blockchain network. At the same time, he foresees the “financialization of everything,” in which anything with intellectual-property value can become a unique digital asset that can be owned–music, games, even sneakers. Last year, collectors spent billions of dollars trading digital art and collectibles, most of which were attached to NFTs, or nonfungible tokens, which act as vouchers of authenticity on the blockchain for virtual goods. So how to assess the value of these virtual assets? Call in the NFT appraiser. Financial institutions will need to hire people from a broad range of industry sectors to help them understand how to properly evaluate digital collectibles, Mr. Timsit says. “Experts from all walks of life will be contributing to calibrating those models.”

Loan Officer as Financial Adviser

Technology developments and regulatory shifts could cut the time it takes to buy and sell a home from a couple of months to a couple of days, predicts Jeremy Wacksman, chief operating officer of real-estate firm Zillow Group Inc. And that could mean loan officers take on a very different role. Now they spend a lot of time running down paperwork: tax returns, pay stubs, credit scores and proof of insurance, Mr. Wacksman notes. Relieved of that, the loan officer of the future could pursue higher-value parts of the job: acting as an adviser and counsellor. They’ll have more time to help customers strategize, look for opportunities and prepare financially for their long-term goals. This already exists to a point, he says, but it’s not nearly as widespread as it could be. “Whenever technology makes things more efficient, it allows people to spend their time doing what they do best,” Mr. Wacksman says. “I think you’ve already seen that trend a little bit in the industry, and I think you’ll see that continue, where agents and loan officers get elevated to become advisers and consultants.”

Chief Fintech Officer

What happens when the financial-services part of an online business takes on a life of its own? You may need a chief fintech officer. Housecall Pro, created as a platform to help plumbers, electricians, landscapers and other home-services providers run their businesses, is one example of a development that is happening more often, says the company’s Chief Fintech Officer Ethan Senturia. It was started to help tradespeople do things like make appointments, create estimates, send invoices and take payments. Today, the financial end is a huge part of the company’s business. As demand for financial services grew, the company brought on Mr. Senturia—an entrepreneur who had previously founded an online lending company and wrote about its demise—-to help embed a financial unit in the platform. It offers clients a suite of products to handle their financial needs, including payments, bank transfers, customer financing, payroll and more. In the future, Mr. Senturia says, more companies built around a core product unrelated to finance will need people in roles like his, responsible for providing financial services to customers.

Financial-Bot Supervisor

People are going to need a new kind of financial adviser if they want someone to help them manage their virtual portfolios of NFTs and other assets, says Bertrand Perez, CEO of the Switzerland-based Web3 Foundation. The group, founded by Gavin Wood, co-founder of the Ethereum blockchain, works on initiatives related to decentralizing the web. This new financial-management role will best be filled by a bot, Mr. Perez says, as artificial intelligence will be far better equipped than a human to monitor virtual assets and recommend trades. But humans won’t be completely out of the picture, he says: Humans will be needed to look over the bots’ shoulders to ensure that the recommendations they make are sound. A financial-bot supervisor, in other words. “You will need somebody who would sit on top of everything, who would make sure that whatever those bots are proposing as an outcome to the consumers is always within the scope of the regulations,” Mr. Perez says.



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Anger Does a Lot More Damage to Your Body Than You Realise

We all get mad now and then. But too much anger can cause problems.

By SUMATHI REDDY
Fri, May 24, 2024 3 min

Anger is bad for your health in more ways than you think.

Getting angry doesn’t just hurt our mental health , it’s also damaging to our hearts, brains and gastrointestinal systems, according to doctors and recent research. Of course, it’s a normal emotion that everyone feels—few of us stay serene when a driver cuts us off or a boss makes us stay late. But getting mad too often or for too long can cause problems.

There are ways to keep your anger from doing too much damage. Techniques like meditation can help, as can learning to express your anger in healthier ways.

One recent study looked at anger’s effects on the heart. It found that anger can raise the risk of heart attacks because it impairs the functioning of blood vessels, according to a May study in the Journal of the American Heart Association .

Researchers examined the impact of three different emotions on the heart: anger, anxiety and sadness. One participant group did a task that made them angry, another did a task that made them anxious, while a third did an exercise designed to induce sadness.

The scientists then tested the functioning of the blood vessels in each participant, using a blood pressure cuff to squeeze and release the blood flow in the arm. Those in the angry group had worse blood flow than those in the others; their blood vessels didn’t dilate as much.

“We speculate over time if you’re getting these chronic insults to your arteries because you get angry a lot, that will leave you at risk for having heart disease ,” says Dr. Daichi Shimbo, a professor of medicine at Columbia University and lead author of the study.

Your gastrointestinal system

Doctors are also gaining a better understanding of how anger affects your GI system.

When someone becomes angry, the body produces numerous proteins and hormones that increase inflammation in the body. Chronic inflammation can raise your risk of many diseases.

The body’s sympathetic nervous system—or “fight or flight” system—is also activated, which shunts blood away from the gut to major muscles, says Stephen Lupe, director of behavioural medicine at the Cleveland Clinic’s department of gastroenterology, hepatology and nutrition. This slows down movement in the GI tract, which can lead to problems like constipation.

In addition, the space in between cells in the lining of the intestines opens up, which allows more food and waste to go in those gaps, creating more inflammation that can fuel symptoms such as stomach pain, bloating or constipation.

Your brain

Anger can harm our cognitive functioning, says Joyce Tam, an assistant professor of psychiatry and behavioral sciences at Rush University Medical Center in Chicago. It involves the nerve cells in the prefrontal cortex, the front area of our brain that can affect attention, cognitive control and our ability to regulate emotions.

Anger can trigger the body to release stress hormones into the bloodstream. High levels of stress hormones can damage nerve cells in the brain’s prefrontal cortex and the hippocampus, says Tam.

Damage in the prefrontal cortex can affect decision-making, attention and executive function, she adds.

The hippocampus, meanwhile, is the main part of the brain used in memory. So when neurons are damaged, that can disrupt the ability to learn and retain information, says Tam.

What you can do about it

First, figure out if you’re angry too much or too often. There’s no hard and fast rule. But you may have cause for concern if you’re angry for more days than not, or for large portions of the day, says Antonia Seligowski, an assistant professor of psychiatry at Massachusetts General Hospital and Harvard Medical School, who studies the brain-heart connection.

Getting mad briefly is different than experiencing chronic anger, she says.

“If you have an angry conversation every now and again or you get upset every now and again, that’s within the normal human experience,” she says. “When a negative emotion is prolonged, when you’re really having a lot more of it and maybe more intensely, that’s where it’s bad for your health.”

Try mental-health exercises. Her group is looking at whether mental-health treatments, like certain types of talk therapy or breathing exercises, may also be able to improve some of the physical problems caused by anger.

Other doctors recommend anger-management strategies. Hypnosis, meditation and mindfulness can help, says the Cleveland Clinic’s Lupe. So too can changing the way you respond to anger.

Slow down your reactions. Try to notice how you feel and slow down your response, and then learn to express it. You also want to make sure you’re not suppressing the feeling, as that can backfire and exacerbate the emotion.

Instead of yelling at a family member when you’re angry or slamming something down, say, “I am angry because X, Y and Z, and therefore I don’t feel like eating with you or I need a hug or support,” suggests Lupe.

“Slow the process down,” he says.

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This stylish family home combines a classic palette and finishes with a flexible floorplan

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Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.

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