Pressure from regulators drives salary growth

growth in financial industries

Roles which relate to trade monitoring and compliance across the banking and financial services sector stand to see the biggest salary increases, according to the latest Robert Walters Salary Survey 2016.

With regulatory pressure continuing to shape employer priorities in banking and financial services, interim roles in financial crime and trade surveillance are both expected to see significant growth in 2016 at 6% and 4% respectively.

In trade surveillance, roles requiring six years' experience or more are set to see salaries increase by 8%, while a role requiring the same level of experience in financial crime may see salary growth as high as 20%.

“Regulatory scrutiny and the resultant need to have a structured control framework continue to influence hiring with banking and financial services employers, with compliance monitoring becoming a top priority with a strong emphasis on attracting top calibre professionals into these roles” says Chad Lawson, Associate Director for Compliance Recruitment London.

Compliance monitoring is becoming a top priority with a strong emphasis on attracting top calibre professionals

Specialists in high demand

With employers looking to implement new trade surveillance and financial crime monitoring frameworks, salaries for experienced professionals with the capacity to oversee these projects are set to be highest.

Specialists with experience in implementing and improving trade surveillance systems will be in high demand. This will be as employers look to improve their own internal monitoring systems to be in line with new market abuse regulations."

“With pressure from regulators showing no signs of reducing along with a shortage of suitably experienced and qualified professionals, we expect the trend towards high salaries to continue throughout 2016," said Lawson.

Find out what you’re worth using the Robert Walters Salary Survey.

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