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Experis sees renewed optimism across financial services and accounting

Experis sees renewed optimism across financial services and accounting

July Research Report* shows significant rise in demand for permanent and contract jobs, reflecting buoyant job market

Experis’ clients increasingly looking for specialist talent to fill senior roles

Majority of top 10 permanent roles saw salary growth in July

Emphasis on Risk and Compliance roles increasing in response to tighter regulation 

Demand for both permanent and contract jobs across the financial sector rose in the last six months, according to Experis’ July monthly Accelerate Report. Reflecting growing optimism across the wider macro environment, Experis found that the number of permanent vacancies across the financial sector rose by 26% for the six month period from February to July, while demand for contract roles increased by 46%.

Between the months of June and July, the Report showed that permanent vacancies across Finance increased by as much as 8.5%, indicating that firms are increasingly placing emphasis on the importance of the fit of in-house teams. These teams are increasingly focused on supporting governance and risk functions to meet the expectations of the new global regulatory landscape. For Financial Services in the UK, this has been dominated by the new Prudential Regulatory Authority and the Financial Conduct Authority, which were established in April.

Of the top 10 permanent roles across the financial services, eight of them saw salary increases for the past 12 months (including Credit Controllers who received an average pay increase of 2.8% - more than any other role).

Commenting on the report’s findings, Clive Allen, MD of Experis Finance, said: “This data reflects an economy in recovery, albeit a cautious one. Our clients are ensuring that they have in place much tighter regulatory control in-house, where once that facility was outsourced. With the recent implementation of stricter regulatory guidelines from both the FCA and PRA, it is now more critical than ever that the larger financial conglomerates have in-house governance and risk teams which are very much fit-for-purpose and forward thinking. Moreover, we are seeing more clients demanding specialist skills be brought in at senior levels in their organisations, as they look towards a positive future with a more strategic approach to talent than we may have previously seen.”

*Data is sourced from over 150 Job Boards and 500,000 employer websites during the period 1st July to 31st July.

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