The latest Robert Walters UK Jobs Index has revealed that the volume of risk vacancies have risen across the UK, with the number of jobs available in the third quarter of 2017 up 4% compared to the same time last year.
The rising pressure from regulators continues to impact recruitment strategies, with employers looking to secure top calibre risk specialists.
Pressure to adhere to regulatory frameworks such as BSBC239, IFRS9 and MiFID II are driving financial services firms to source top calibre risk professionals. Whilst the overall percentage increase in job volumes is relatively small, this must be seen in a context of historically high demand for risk professionals.
“As employers look to build out risk teams, specialists in data, divestment and regulatory compliance have all been in high demand,” commented Dan Harris Director at Robert Walters.
Employers face skill shortages
“As employers look to build out risk teams, specialists in data, divestment and regulatory compliance have all been in high demand.”
Given the high level of demand, employers are being forced to contend with serious skills shortages when looking to secure risk professionals, with salaries increasing to reflect the scarcity of talent.
Due to these salaries reaching a highly competitive level due to the ongoing shortage of candidates, employers will need to offer generous remuneration to attract the best candidates.
“Operating swift hiring processes will also be essential, with candidates who come onto the market often receiving several offers simultaneously,” Dan Harris concluded.
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