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Interim Market Report 2011 - Internal Audit Executive Summary

Welcome to Barclay Simpson’s 2011 Interim Internal Audit Market Report. This is the 21st year we have produced a market report summarising and analysing recruitment trends in internal audit.

We place great value on the professional reaction to our reports and would appreciate your comments or any requests for further clarification or information.

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

Top line conclusion

Formally, the recession has been over for 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 that we are far from there. This is perhaps understandable given the causes of the recession and the enormity of the indebtedness and structural issues that need to be addressed. The internal audit recruitment market is currently operating in an environment of sub trend growth and squeezed living standards. It may also be timely to remind readers that in spite of a widespread perception, government spending has yet to fall. Government spending was still a net contributor to economic growth in the first quarter of 2011.

Against this backdrop many parts of the internal audit recruitment market appear surprisingly robust. Of the four sectors; financial services, industry and commerce, the public sector and the consultancies, three are experiencing levels of demand which we would describe as steady and far better than we would expect in an economy that was barely growing. It is only the public sector where demand has collapsed and the market has effectively closed.

Perhaps it is best to view the internal audit recruitment market through the prism of wider employment patterns. The UK economy has gained 375,000 jobs during the course of the last year. This is the result of 520,000 gains in the private sector and 145,000 losses in the public sector. We can confirm that for the small part of the recruitment market that we know and understand, internal audit and other associated areas of corporate governance, the total number of internal auditors employed grew in the last twelve months. That is something for which we should be grateful.

Latest jobs

Compliance Manager
  • Location London
  • Salary Up to £75,000
  • Job type Permanent
  • Sector Banking
  • Description My client is mid sized international bank. They are looking for a Compliance Manager to assist the Head of Compliance to ensure the bank is being compliant with rules, law and regulations
IT Audit Manager
  • Location Dubai, UAE
  • Salary To£90,000 tax free
  • Job type Permanent
  • Sector Banking , Asset Management/Funds
  • Description A leading Middle East bank has an opportunity for an experienced IT Auditor to join their team based in Dubai.  The role will take the lead in the review of IT Infrastructure projects undertaken
Senior Asset Recovery Investigator
  • Location London
  • Salary c£60,000 + Bens
  • Job type Permanent
  • Sector Financial Crime Compliance , Corporate Security
  • Description This role would manage specialist asset tracing cases, tracking down hidden assets through creative research methods, utilising multiple sources including public records, international media
Senior Internal Auditor, Methodology and Quality Assurance
  • Location London
  • Salary To £65,000+Bens+Bonus
  • Job type Permanent
  • Sector Banking, Other Financial Services
  • Description An opportunity has arisen for an internal auditor to join a leading bank in London. In this role you will be involved in the delivery of independent quality assurance reviews of audits performed by
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