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Interim Market Report 2011 - Compliance Executive Summary

Welcome to Barclay Simpson’s 2011 Interim Compliance Market Report. This is the 21st year we have produced a market report summarising and analysing recruitment trends in corporate governance and the 7th year we have produced a specialist report on compliance. We place great value on professional reaction to the Report and would appreciate your comments.

An overview of the corporate governance recruitment market and an in-depth analysis of the economic and business trends that are likely to shape the overall recruitment market can be found in our
Corporate Governance Market Report.

Top line conclusion

Formally the recession has been over for almost two years. In more usual times the economy would now be a place of rising confidence and investment as it embarked on a period of steady growth. It is clear we are far from there. However the compliance recruitment market, in spite of operating in an economic environment of sub trend growth and squeezed living standards, is enjoying a period of unprecedented growth.

It is perhaps the good fortune of many of the people who work in financial services, that the industry has come to have a disproportionate influence on the UK’s financial situation. This is both in terms of its size and its importance to the functioning of the economy. Many would argue that it was allowed to grow too big and much of it lacks any social utility. That was not a common opinion prior to the financial crisis when the tax receipts and employment it provided contributed disproportionately to the growth and perceived success of the economy.

Possibly as a result of their own culpability and a desire to be seen to be acting decisively, politicians and regulators were never going to allow themselves to be left open to the charge that they did not do enough in response to the financial crisis. The light touch regulatory approach has been replaced by far more aggressive regulatory oversight. There is currently a substantial raft of regulation that is in the process of being implemented, much of it with a 2012 target date. This revised approach to regulation is resulting in demand for compliance staff that is both unprecedented and impractical to meet from the existing pool of expertise. A detail perhaps overlooked by its promoters.

We made the point at the start of the year that it is unlikely that there has ever been a better time to be working in compliance. At the half way point of the year nothing has changed our view. We may however add one note of caution based on over twenty years of experience: recruitment booms, like others, do not last indefinitely.

Latest jobs

Head of Operational Risk
  • Location Canary Wharf
  • Salary £130,000 - £150,000
  • Job type Permanent
  • Sector Banking
  • Description I am supporting a Global Bank based in Canary Wharf with their search for an Operational Risk Director to join the Group Function. They are looking for an experienced Manager in Compliance &
EMEA Sanctions Policy & Strategy Lead
  • Location City of London
  • Salary £75,000-£85,000
  • Job type Permanent
  • Sector Banking
  • Description I am working with a Global Investment Bank on the build out of their Sanctions programme, as a part of this they are seeking a Policy & Strategy Lead.
Cyber Incident Response Lead
  • Location London
  • Salary up to £80k + benefits + bonus
  • Job type Permanent
  • Sector Other Financial Services , Commerce and Industry , Professional Services , Public Sector
  • Description Cyber Incident Response Lead   My client – An international consultancy is looking for Cyber Security consultant to join their Cyber and Incident Response team to support the tech practice
Associate – Cyber Incident Response
  • Location London
  • Salary up to £65k + benefits + bonus
  • Job type Permanent
  • Sector Other Financial Services , Commerce and Industry , Professional Services , Public Sector
  • Description Associate – Cyber Incident Response   My client – An international consultancy is looking for associate to join their Cyber and Incident Response team to support the tech practice
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