Regulatory pressure drives demand

Monitoring and surveillance has been a significant area of focus in institutional banking. Domestic banks continued to build out their risk and compliance functions, requiring experienced managers with the ability to remain commercially focussed whilst building effective relationships with the business. We expect this high demand to continue into 2017 under increasing regulatory pressure.

An increasing proportion of hiring in 2017 will be on a contract basis as permanent headcount approvals remain challenging in the current climate. Risk and regulatory compliance focussed projects will drive the bulk of this demand, including conduct risk programmes which have emerged in response to the regulatory focus on behaviours within the banking industry. Professionals with specialist skills and a knowledge of what has occurred in this sector on a global platform will be highly sought after.

New legislation, coupled with the focus on conduct risk, means that individuals working in areas such as compliance, assurance or operational risk with experience in change delivery will be in high demand.

Big 4 first-movers with financial services client experience and strong stakeholder management skills, were in demand for internal audit or relatively new assurance roles. A shortage of available talent with five to eight years’ experience (manager level) is still evident due to the impact of a reduced graduate hiring period between 2008 and 2011 following the GFC. 

For more information about audit, risk & compliance roles, or for a confidential discussion about your career or hiring needs contact us today. 

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