Most project hiring that is occurring is the result if regulatory pressure. But firms are still pressing ahead with wide-ranging strategic change and long-term process improvements as they seek to cut costs.
The projects jobs market has changed over the last few months – instead of specific operations or finance skills, banks are instead focusing on hiring individuals with more rounded projects experience combined with strong regulatory knowledge. Most demand is at the business analyst level.
Increased focus on regulatory change has meant Basel III and liquidity information specialists are in demand. If you are a project professional with Dodd-Frank or FACTA compliance, you will also be sought-after at the moment.
One thing you should bear in mind when looking for new jobs is that contract rates have fallen so you will need to be flexible on pay when considering job offers. This is not true of all projects jobs though – in particular, project managers with financial reporting expertise are continuing to receive competitive rates.
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You can also view the latest project specialist roles in financial services: we recruit project managers jobs, business analyst roles and change manager jobs.