Fintech vacancies surged to 12,519 in 2024, up from 8,672 the previous year, driven by increased venture capital funding, AI adoption, and industry fragmentation, according to a report by Morgan McKinley and Vacancysoft.
Nearly two-thirds (63%) of UK financial institutions now invest in AI, up from 32% in 2023, according to a new market trends report by Morgan McKinley and Vacancysoft
The accountancy job market in the UK has seen notable changes, with an overall drop in the number of vacancies nationwide. A closer look reveals that 59% of roles are based outside London, but these regions have experienced an 8.6% decline in vacancies.
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.
