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Risk hiring under strain as candidate numbers fall short of demand PDF Print E-mail
Wednesday, 18 March 2015

City employers are waging an uphill struggle to increase risk headcount, according to fresh data highlighting the extent to which vacancy levels are outstripping candidate supply.

The findings of the February 2015 City Jobs Index1, launched today by specialist recruiter Robert Walters, also illuminate the squeeze on candidate availability in other regulatory roles. In compliance, there are 2.5 jobs for every candidate.
 
Contract positions across the financial services industry as a whole are also suffering a candidate shortage, with 1.7 jobs per candidate.
 
Chad Lawson, Associate Director of Risk & Compliance Recruitment at Robert Walters, comments: “A buoyant economy, low candidate availability and the weight of new regulation has intensified the ‘war for talent’ among employers looking to boost the size and potency of their risk function. Rising demand in specialist areas such as operational risk modelling, stress testing and quantitative analysis all reflect these trends, magnifying the problem of talent shortages and leading to aggressive counter-offers from both current and prospective employers.”   
 
Confidence heading in the right direction
 
Across all professions, the Index records 10,560 job opportunities in the City in February, a year-on-year increase of 12% and a month-on-month rise of 8%, a robust indication of rising business confidence.
 
Chad Lawson continues: “While fewer candidates moved jobs during the recession, this caution has fallen away in as the flow of new opportunities opens up again. On the whole, employers who demonstrate the greatest flexibility on pay and benefits – or move quickly from interview to offer – are those proving most attractive to job seeking risk candidates.” 

(Source - Robert Walters Press Release)
 

 
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