Latest News Headlines
Commercial Credit News
|Employers face a shortage of risk professionals as they adapt to Brexit legal reforms|
|Monday, 18 July 2016|
Almost a third of employers expect to face a shortage of risk professionals, as demand for these specialists grows to cope with legislative reforms in the wake of Brexit.
With the UK likely to see changes to its legal and regulatory framework, coupled with the current market instability, risk professionals are likely to be in high demand from banking and financial services firms as they look to adapt to the changing conditions.
Rob Starkl, Manager, Risk Recruitment, Robert Walters comments: “The uncertainty created by Britain’s decision to leave the European Union coupled with anticipated changes to the UK’s financial regulatory framework is likely to create significant demand for risk professionals.”
“Given the potential scale of these changes, risk professionals who can not only show strong technical proficiency but also possess the skills and experience to work collaboratively with other stakeholders within the business are likely to find themselves in highest demand.”
RECRUITMENT OF MID-LEVEL PROFESSIONALS TO DOMINATE HIRING
The research also shows that employers plan to focus on hiring mid-level risk professionals (72%) over senior or junior roles.
Rob Starkl continues: “Uncertain economic conditions have resulted in risk departments being highly selective when hiring into junior roles to ensure that they have greater ability to monitor, control and report on associated risks.”
“Given the limited supply of available talent at this level, employers are facing high competition for the best candidates. To cater for the shortfall, in highly technical disciplines such as modelling, methodology and stress testing, alternative sources of talent are being sought outside of the usual financial services organisations.”
Forums International Ltd
Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.
Find out more here.
The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.
CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.
As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.
Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.
GTS Media Ltd
81 Cambridge Road
Registered in England No: 05483197