During the pandemic, banks began using virtual interviews and online tests to screen applicants. That’s made the recruitment process faster and easier, but, with the rise of generative AI, it’s also opened the door to candidates using ChatGPT to improve their chances of being picked. Now firms are taking steps to stop such AI use, including deploying detection software, while some hopefuls say they’re merely using the same tools they’re expected to employ once hired.
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Wall Street wants everyone using AI except job applicants
“Goldman’s going to want those candidates to use GenAI in the job. Why not let them use it in the pre-hire application?” said Nathan Mondragon, chief innovation officer at Hirevue Inc., an AI-powered screening platform used by most major US banks, including Goldman Sachs Group Inc. “Their choice is to go down a different route and say it’s restricted, essentially.”
