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Confidence has improved across the risk jobs market and risk management remains a key priority for banking & financial services firms. As a result, we are continuing to see good opportunities for credit, operational and market risk professionals.
The operational risk jobs market is currently the busiest for recruitment, with large banks through to smaller clearing houses all seeking professionals in this area. Most hiring has been in back and middle offices and employers are seeking risk experts with direct sector experience.
Due to regulatory pressure, individuals with strong counterparty analysis skills, derivatives and legal documentation knowledge are in strong demand in the credit risk jobs market. Emerging markets-focused firms are seeking specific geographic areas or product knowledge above counterparty experience as political and economic trends in these regions continue to have a significant impact on the UK.
Basel III regulations are driving a lot of demand for contractors at the moment – credit risk professionals with strong counterparty analysis skills and derivatives and legal documentation knowledge are in demand. For these people, firms were prepared to pay daily rates of up to £600 in some cases. Similarly – Basel III implementations are also leading to notable demand for contractors in the market risk project space.