Banking Operations Jobs Forecast

Banking operations Jobs Forecast

Read the latest jobs news across banking Operations

While permanent banking operations job levels remain relatively stable, the good news is contract opportunities are on the rise. Firms are still looking to expand their teams in key areas.

what is driving the majority of hiring?

Most recruitment is being prompted by banks focusing on business-critical replacement hires. But there are some exceptions to this and growth hiring is still happening – primarily in response to regulatory pressure. Mirroring what we have been seeing for the past year, financial and physical commodities specialists at the analyst and AVP level are being hired, as are operational risk, control and metrics professionals and OTC clearing specialists.

which contract roles are in demand?

The interesting thing about the banking operations jobs market at the moment is that the type of contract jobs firms are recruiting for is changing slightly. Instead of traditional operations skill sets, banks are now placing more emphasis on regulatory, control, operational risk, systems and metric reporting. If you have experience in some or all of these areas and are interested in contracting, now is therefore a great time to be looking for a job.

if i change jobs, will my salary go up?

Despite challenging market conditions, most banking operations professionals are currently receiving 5-10% increases when moving permanent jobs. Although this is not as high as the same time last year, this still highlights how banks are focusing on securing the best talent.

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