Risk and compliance professionals in demand

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Risk and compliance professionals are in high demand according to recruitment firm Hays’ latest Quarterly Jobs Hotspots report.

According to the findings, compliance professionals are being highly sought after within the banking sector while risk professionals are in high demand within the banking sector and the accountancy and finance – commerce and industry and financial services – sectors.

The report states that within financial planning, hiring intentions are very positive following a strong start to the year.
“The industry was cautious following regulatory changes in 2013, but we are now seeing organisations act to capitalise on growth, especially now that the Government has announced much anticipated changes to the FOFA legislation,” the report stated.
Within banking employers are seeking compliance candidates with a strong understanding of risk and specific product knowledge, often to work in advice-based roles facing off with the business. Risk professionals are being sought after as banks continue to strengthen their lines of defence. Additionally, the report states, quantitative risk professionals with excellent modelling skills coupled with strong communication skills are in short supply.

In financial services operational risk professionals are in demand as firms’ appetite for risk management grows. This in turn is creating a need for operational risk experts at all levels, but particularly at the senior analyst to senior manager level.

The Commerce and Industry sector  is catching up to risk management and, as result, the report states there is a growing desire from a range of employers to recruit risk officers.

Hays adds that as a result of the short supply and high demand employers are willing to consider international candidates and sponsorship and they anticipate salaries will increase as the talent shortage continues.

They recommend, with candidates in short supply, organisations should offer flexible working arrangements and focus on career development to attract the best candidates.

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