Finextra: Fintech hiring compensates for declining demand among banks for risk and compliance roles
Finextra highlighted Vacancysoft’s latest report on UK Finance Labour Market Trends, created in collaboration with Morgan McKinley.
Risk and compliance vacancies in traditional banks are expected to decline by 17% in 2024 as banks prioritise stabilization amidst changing market conditions. In contrast, fintech companies are projected to see a 28% rise in such roles, with 1,000 new positions anticipated. This reflects the growing need for professional compliance and risk management as fintechs face increased regulatory scrutiny.
Greater London is anticipated to lead the growth in risk and compliance vacancies in 2024, with a 72% year-on-year increase, totaling around 738 roles. This represents a recovery from a 50% decline in 2023. London’s share of these vacancies is expected to rise from 55% in 2023 to 72% in 2024, driven by fintech growth and improved economic stability boosting investment.
Read the full article in Finextra.
The labour market data used in this press coverage was extracted from Vacancysoft Analytics. For more information or to book an interactive workshop, click here.
