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Pressure from regulators pushes risk vacancies up 33% in the City year-on-year PDF Print E-mail
Monday, 20 July 2015

Despite uncertainty in the Eurozone, business confidence and regulatory pressure has driven the number of permanent risk vacancies in the City of London up by 33% in June compared to this time last year. 

The results of the Robert Walters City Jobs Index, which tracks the number of jobs available and candidates seeking jobs in the City of London month-by-month, also show that candidates fell by 15% for permanent roles compared to June last year.
Among contract roles, the number of vacancies has also grown compared to last year, up 39%. Similarly, the number of candidates has fallen by 11%.
The industry continues to face a skills shortage, particularly among contract roles where there are 2.7 vacancies per candidate. The skills shortage is less acute for permanent roles (1.4 roles per candidate) but the demand for professionals here continues to outstrip supply. 
Across all financial services roles employers continued to favour permanent over contract roles. The number of permanent positions was up 7% vs June 2014 while the number of contract roles fell by 10%.
Chad Lawson, Associate Director, Risk recruitment, comments:
“Since the start of 2015 demand for risk professionals has been high, driven by pressure from regulators. In particular, specialists with experience in stress testing, volker, FRTB and FDSF are in high demand. In the current climate, risk professionals with in-demand skills are able to command high salaries and are likely to receive several job offers at once.

“We have seen an increase in hiring across all areas of risk, but vacancies have increased particularly in operational risk within asset management firms, market and credit risk methodology, model governance and model audit roles.”

Chad Lawson goes on to comment:

“The sudden growth in the number of risk candidates is indicative of candidates responding to the high demand for these roles. The number of risk specialists is relatively small, but other financial services professionals with transferable skills are being attracted to the field due to high demand and generous salaries. Employers who are prepared to invest in upskilling such professionals stand to secure talented workers for much needed roles.”

(Source - Robert Walters Press Release)


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