Banking & Financial Services Market Update
As we’ve reached the end of the first semester, it's the ideal time to share our insights on the banking & financial services job market so far in 2015. What were the most popular roles in demand, what are candidates' expectations and what are the most recent trends in salary levels?
- Increased number of vacancies in middle and front office
- Equity investment professionals highly sought-after
- Banks continued investing in their employer branding
Business transformation and regulatory requirements remained key recruitment drivers. We noticed a significant growth in jobs as banks sought to fill middle office positions and private banks focused on front office staff. Recruitment processes remained relatively long, which increased the risk to hiring companies of losing top talent along the way. Professionals with between four and seven years’ experience were keen to take the next step, particularly those working in the front office.
Most popular roles in demand
Private bankers, auditors, compliance and risk management professionals remained in high demand. Financial holdings, private equity firms and family investment structures looked to recruit investment analysts. Candidates with solid technical expertise and outstanding communication skills remained popular as they were able to quickly add value.
Banking and insurance specialists became increasingly demanding when considering a career move. Besides salary, they were interested in the job location, career development opportunities and company reputation. In order to attract the best professionals on the market, we predict that banks will continue to invest in their employer brand.
For further information on the banking & financial services job market, please contact Charles-Henri Rouvroy on +32 2 535 88 64.