Compliance recruitment market increasingly difficult for candidates
The decline in the compliance recruitment market in the second half of 2008 accelerated in the first quarter of 2009. The number of redundancies increased, with investment banks and mortgage lenders, intermediaries and packagers particularly badly hit. The number of vacancies fell to new lows.
During the second quarter, the rate of redundancies declined and there is some evidence, against historically low levels of demand, the number of vacancies is starting to increase. However, after a year of depressed demand and consistent redundancies, the market is candidate rich. Competition for new positions is at an all time high. The market is currently stabilising around low levels of demand.
Factors driving existing demand include TCF and complaint handling, as companies realign their in-house policies, and the incorporation of the Conduct of Business (COB) legislation into the FSA’s remit. It is also clear that there will be changes to the regulation of hedge funds. In the insurance sector, Solvency II is becoming a major focus for compliance and risk strategies.
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For a more detailed picture of the current compliance recruitment market, please contact Victoria Alkiviades va@barclaysimpson.com, Sacha Hughes sh@barclaysimpson.com, Matt Crocombe mc@barclaysimpson.com, or Simon Bradbury sb@barclaysimpson.com on 020 7936 2601.
Barclay Simpson is committed to equality of opportunity and promotes diversity. All applications for positions advertised on behalf of our clients will be accepted and reviewed solely on merit. To view our Equal Opportunities & Diversity Policy, please click here.
Here is a selection of our latest compliance jobs:
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| AML Compliance Manager - Jersey |
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| £50,000 Jersey, Channel Islands |
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The Wealth Management arm of this major International Banking Group currently have a requirement for an AML Compliance Manager to head up the offshore AML compliance team in Jersey. The successful candidate will be responsible for further AML staff w.... more details |
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| Head of Corporate Governance |
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| £80,000 York, Yorkshire |
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The Life and Pensions division of this major global financial services brand are currently recruiting for a Head of Governance to oversee the work of their Distribution Risk, Controls and Compliance division. This role will incorporate key compliance.... more details |
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| Records Management Principal |
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| To £110,000 + package London |
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The role of the Records Management Principal is to ensure that appropriate record retention, protection, retrieval and destruction procedures are in place to meet legal and regulatory obligations. You will be responsible for creating, leading and i.... more details |
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