Within the financial sector, fears are increasingly being voiced that public and media pressure will lead to problems for the banking industry. Public outcry over bonuses, fed by politicians searching for easy sound bites, recently led to RBS CEO, Stephen Hester declining his £930,000 annual bonus. Pressure on bonus…
David Willetts, the Minister of State for Universities and Science, has praised the insurance industry as an engine for economic growth and for providing over a quarter of all UK financial services jobs.
The Minister, speaking at the City offices of global reinsurance broker Willis Re, praised the London insurance…
Finding high level banking and finance staff is no simple task. Lack of candidates is rarely the problem: any advertisement looking to recruit a senior banking and finance executive is sure to receive a flurry of responses.
Unfortunately, however, the process of sorting through a mountain of CVs to fill…
These are tough times for people seeking work in the banking and finance sector. The job losses at the Royal Bank of Scotland may have attracted the most attention in the media, but many City firms have quietly undergone a period of retrenchment which has seen the reduction of available…
Some welcome news for the beleaguered economy was released last week as it was reported that the number of permanent jobs rose for the first time since September. The figures were released by the Recruitment and Employment Confederation (REC) who reported that their index recording permanent placements increased from 48.5…
In May 2011 the banking & financial services sector felt like it was on the road to recovery but confidence was tempered by caution. In November 2011 we revisited the research project to see how things compared to our initial findings within the sector.
We posed the question of whether…
The ongoing and increasing regulatory burden (including the implementation of Basel 3) continues to put pressure on financial services organisations. As a result there is significant demand for candidates with a proven track record in operational compliance, regulatory reporting and IFRS to assist them with interpreting and adapting to new…
The marketplace for finance jobs has been hit hard in recent months as banks and investment companies have felt the effects of a struggling economy and uncertain economic times. It is not just in Britain that employment is being cut; Bloomberg has reported that 238,000 finance jobs have been cut…
A shortage of technical risk candidates is causing employers to think more creatively when trying to secure the right candidate. A continued emphasis on systems skills and modelling experience is leading the recruitment charge and, in spite of current market conditions, has been one of the only areas not to…
The United Kingdom is due to change the standards for financial reporting by scrapping the UK’s Generally Accepted Accounting Practice (GAAP) and adopting the International Financial Reporting Standards (IFRS) for all business conducted from 1 January 2012. The new rules will have a significant impact on the presentation of accounting…
