Accessibility Links

Interim Market Report 2011 - Risk Management Executive Summary

Welcome to Barclay Simpson’s 2011 Interim Risk Management 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 risk management. 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 risk management recruitment market, in spite of operating in an economic environment of sub trend growth and squeezed living standards, is enjoying strong demand.

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 economy. 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 that much of it lacks any social utility. However, this 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 The light touch regulatory approach has been replaced by far more aggressive regulatory oversight. The FSA is now actively searching for excessive risk taking and it will continue to be a core responsibly of the Prudential Regulatory Authority. There is also a substantial raft of regulation in the process of being implemented which will impact risk management.

This revised approach has resulted in substantial growth in risk management. Given the huge sums invested in risk management and corporate governance more generally, we would hope and expect its influence will be felt in the management of the financial services industry. Certainly the risk management profession is increasingly populated by practitioners who deserve and expect to be listened to.

We made the point at the start of the year that the future of risk management looked positive. Developments during 2011 have done little to change our view.

Latest jobs

Risk Manager - Clearing (Counterparty/Market Risk)
  • Location London
  • Salary £80,000 - £100,000 Base + Benefits & Bonus
  • Job type Permanent
  • Sector Credit Risk, Market Risk
  • Description This is a new and exciting role created in the 1st line of defence for one of the leading London clearing firms. Reporting into the Head of Risk, the role will manage a small team and have oversight
Investment Risk Manager - Fixed Income
  • Location London
  • Salary £100,000 Base + Bonus
  • Job type Permanent
  • Sector Asset Management/Funds
  • Description A newly created Investment Risk Management position in a relatively small team reporting directly to the Head of Investment Risk. My client has Fixed Income, Multi Asset and Equity portfolios
Risk, Performance & Pricing Analyst
  • Location London
  • Salary £40,000 Base + Bonus
  • Job type Permanent
  • Sector Asset Management/Funds
  • Description An exciting opportunity to join a mature and experience Risk, Performance and Analytics team. As the most junior member of the team you will have experience across all the asset classes and a broad
Senior Compliance Monitoring Officer
  • Location London
  • Salary £50,000 - £60,000
  • Job type Permanent
  • Sector Insurance
  • Description My client, a global insurance broker are currently recruiting for a Senior Compliance Monitoring Officer.This role will be based in London, with some travel to a close regional office
Latest news