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.
The UK job market for Risk and Compliance roles is undergoing a significant transformation, with the fintech sector leading the charge. Risk and compliance vacancies within the banks are projected to experience a 17% drop in 2024 as banks focus on stabilisation in response to shifting market conditions.
The Midlands’ job market in 2024 mirrors the broader economic challenges facing the UK. Sluggish GDP growth and persistent inflation are influencing employment trends. While investment in infrastructure projects like HS2 supports Real Estate & Construction, Brexit and global market instability continue to impact export-focused sectors.
When the Labour Party came to power, nowhere was the immediate policy shift more stark than in terms of environmental policy. Under Sunak, drilling licenses in the North Sea had been extended, and while the Government had said all the right things in regards to environmental policy, the results were mixed.
With a new Government in situ, last week we organized a private breakfast, with some of the leading recruiters in London, to discuss how the budget and Trump’s victory are likely to impact the London economy going into next year. Financial Services is so critical to the UK, that even for recruiters who are working in other areas, how the industry performs is of key importance. Read on for more.
