Insights

Market Overviews

REGIONAL RECRUITMENT MARKET COMMENTARY, 2H 2016

• Article by BRUIN Financial

REGIONAL RECRUITMENT MARKET COMMENTARY, 2H 2016

MARKET OVERVIEW

Recruitment in H1 has been consistent for many of the banks regionally, with steady demand across Operations, Finance and Compliance. A number of Banks continue to nearshore roles to their regional offices, with Operations the most consistent area of hiring for our clients and their competitors, but with a noticeable increase in demand across compliance and finance in Q3 which accounted for over 2/3 of roles released. New areas and teams continue to be built out across Operations as the majority of banks move away from typical back office positions, and now challenge London for niche and exciting opportunities.

Also of note was the increase in demand on the buy side within the regions, which typically was at the AVP – VP level, with particular interest in AML and testing candidates.   On the Investment Banking side, there is greater breadth in terms of verticals. Risk is predominately still London based with a few operational risk roles available regionally, with Co-Operative Bank one of the few Banks that have a larger Risk based team in their Manchester headquarters. Finance is an area of focus for many organisations such as BNY Mellon and Bank of America, however, Deutsche Bank decided to move their Finance function out of Birmingham. Compliance is a focus for Deutsche Bank and an area of growth for Bank of America.

BRUIN Regional Recruitment H2 2016