Research from Robert Walters has found that finance professionals in regulatory focused roles will see the strongest salary growth in 2017.
With pressure from regulators remaining high, finance professionals with a background in regulatory reporting and internal audit can expect to see strong demand for their skills as employers look to ensure compliance with legislation and guidelines set out by regulators.
“While the uncertain economic climate has impacted salaries in many fields, securing and retaining top talent in regulatory reporting and internal audit remains a top priority for employers,” said Lucy Bisset, Director at Robert Walters.
Securing top talent
Employers looking to secure the best professionals in these fields will need to ensure that salaries are competitive but should not neglect other key factors in attracting top talent.
“Increasingly, we are seeing finance professionals looking for employers who can provide flexible working arrangements and other initiatives to promote a good work life balance, as well as the potential for structured career progression,” Lucy continued.
Demand at junior and mid-management level
We are seeing finance professionals looking for employers who can provide flexible working arrangements and other initiatives to promote a good work life balance, as well as the potential for structured career progression.
Within regulatory reporting, mid-level positions such as VP and AVP will see the strongest salary rises of 6% and 7% respectively. Similarly, within internal audit, associate level positions will see salaries increase by 8%.
“While senior professionals in these fields will still be sought after, the bulk of demand will be for mid-level and junior professionals,” said Lucy.
“With employers looking to build robust internal audit and regulatory reporting teams, professionals at these levels who can demonstrate strong technical proficiency while also being able to develop and implement strategic policies will be most highly sought after."
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