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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 The light touch regulatory approach has been replaced by far more aggressive regulatory oversight.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

Identity and Access Management Engineer
  • Location London
  • Salary To £75,000 + bens
  • Job type Permanent
  • Sector Cyber Security, Information Security
  • Description A global financial services company is looking for a technical IAM specialist, with a strong understanding of industry standard Identity and Access Management tools as well as strong development
Liquidity Risk: Associate to Director
  • Location London
  • Salary £50,000 - £200,000 base + benefits and bonus
  • Job type Permanent
  • Sector Banking
  • Description One of the world's leading American investment banks is searching for experienced Associates, VPs and Directors to join its London Liquidity Risk team.   The bank is building out and developing
Application Security Engineer
  • Location Sheffield
  • Salary To £70,000 + bens
  • Job type Permanent
  • Sector Cyber Security, Information Security
  • Description A market leader in Finance Technology is looking for an expert Application Security Engineer with strong development skills to join a growing team in Sheffield, and is offering the opportunity to work
Senior Funding Manager
  • Location London
  • Salary £Competitve package
  • Job type Permanent
  • Sector Banking
  • Description Growing challenger bank seeks a Senior Funding Manager to join the Treasury team in London.
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