Vacancies are still on the increase as financial institutions gear up for the much talked about market recovery. But as competition among candidates remains strong, employers stay in the driving seat, unwavering in their demand for extensive skill sets and broad experiences.
Confidence appears to be returning to the credit sector with many firms competing with the wider financial services sector to recruit product controllers, risk managers and regulatory accountants. Some credit houses are missing out as the top talent select firms that appear more ‘glamorous’.
Within banks, we’re seeing a sustained, increased demand for market analysts and qualified accountants.
A renewed focus on funds distribution has created a demand for a broad range of skills in asset management houses. The market for sales and marketing professionals along with support staff is strong with temporary and permanent opportunities for RFP and investment writers widely available. More recently, trade support professionals and prime brokers have been in increasing demand as the flow of investments looks set to increase.
Graduate recruitment is still in decline as reduced training budgets restrict employers in taking on less experienced staff. The demand for candidates that can ‘hit the ground running’ is still evident across the whole sector reflecting in part the volume of experienced candidates on the market. How long this approach will be maintained is dependent upon the availability of experienced talent. We anticipate that many employers will revisit their approaches in the first half of 2010.
Links in blue go to current vacancies on the Badenoch & Clark website and are live and up to date as of 1 December 2009
