Corporate Governance – UK Finance Labour Market Trends, May 2023

Morgan McKinley 2023 Review: London hits record year for corporate governance vacancies with Barclays and Citi at the forefront! —Download our new report on corporate governance and find out more!

Written in partnership with Morgan McKinley, this report analyses the recruitment of corporate governance professionals in the UK’s banking industry. It provides a comparison of annual totals trends, an analysis of the most wanted specialist roles, a regional breakdown of recruitment, and the hiring activity of top firms.

Key Findings:

1. Greater London registered almost 2,000 roles during 2022, representing a huge 68% share of total vacancies.

2. Nationwide Building Society has started 2023 with a bang, with over 40 (42) jobs registered in Q1 alone.

3. The biggest annual increase in 2022, however, was recorded by Banker/Fraud Risk/Compliance, an impressive 86.3% year-on-year rise.

The demand for Corporate Governance roles in London’s banking sector has notably increased in 2023, with a growing emphasis on expertise in emerging technologies such as data analytics, cybersecurity, and artificial intelligence. Additionally, there is a strong demand for professionals knowledgeable in environmental, social, and governance (ESG) matters, as well as a focus on diversity, equity, and inclusion (DEI) in hiring practices. However, the data reveals a potential decrease in corporate governance vacancies for England and Wales (E&W) compared to 2022, with London projected to experience a significant decline of 41.1% in job openings.

For a more in-depth look into UK Corporate Governance recruitment trends, download your copy of the report here:

 

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