Insights

Market Overviews

REGIONAL MARKET COMMENTARY, Q3 2018

• Article by BRUIN Financial

REGIONAL MARKET COMMENTARY, Q3 2018

MARKET OVERVIEW

Overall Q3 has been very busy, with a significant increase in graduate opportunities throughout the North West. The Accountancy and Finance desk has noted an increase in requirements for recently qualified ACA/ACCA first move into industry candidates. This is due to strict regulatory requirements within the banking and financial services sector and as a  result some organisations have reassessed their salary bandings to get strong calibre of candidates.

Q3 has seen an influx in opportunities for Graduates as a whole in the North West. Major clients across commercial and asset finance are investing in young professions to provide them with an entry level opportunity into financial services. Additionally, there has been a significant increase in senior level operational roles across the North West as a result of London firm’s relocation strategies. This trend is across banking clients and asset management firms.

Our Wealth and Asset Management desk has noted several changes across the board. There has been an increase in the number of Trainee Vacancies, alongside financial adviser roles throughout the UK. Although, as noted in Q2, there is still a shortage of candidates in the sector. Thus makes it very difficult to find the right candidate with the specific requirements. This being said, many of our clients have widened their searches to provide support and training for the right candidate.

We have also seen a significant increase in compliance and risk roles as our banking clients respond to the regulatory demands of Brexit, and a number of organisations are actively increasing headcount both in the UK and overseas.

There has been a 70% demand increase throughout the technology sector from clients. There has been an increasing focus on gender equality across STEM systems, as only 36.7% of entrants represented were females. We have seen a significant increase in the number of roles across IT, Projects and Change. It has been projected that information technology will be among the fastest growing roles through to 2024, especially skills in cybersecurity, cloud and data analytics.  Consequently, the future of risk management will look dramatically different, as we adapt to these changes and result in an increase in roles across Risk and Compliance.

 

BRUIN  NEWS

BRUIN Financial were recently awarded Best Recruitment Company of the year at the Recruitment International awards dinner. We are proud to stand out from the rest due to our core values and company culture.

From a recruitment perspective, Regional North would like to introduce two new starters to our office in Manchester. Jennifer Simpson, our new researcher has joined the Finance and Accountancy desk. She is new to recruitment and in her spare time is completing her Personal Training Qualification. Hassan Ditta has also joined as a Researcher covering the Compliance desk.
Prior to joining BRUIN, Hassan worked at RK Accountancy and Finance, where he was responsible for the hiring of Accountants both qualified and Part-qualified. This is an exciting time for Manchester Office, as we are rapidly growing and welcoming new members to our team.