Change Management & Technology


• Article by BRUIN Financial



Despite the ongoing uncertain political landscape we have continued to see significant growth across Technology in Financial Services. With the rise of Fintech firms, larger banks, insurers and asset managers are starting to invest heavily in technology to prevent their client base moving to slick online banking, investment and insurance start ups.

According to a top international investment firm, 80% of the stock market is now automated rather than human led fundamental analysis. This is all driven by technology; hence the demand for technology professionals fast outstripping the supply in the UK.

The Retail Banking and Payments sector has been most affected by the rise of Fintech start-ups but a Big 4 consultancy is predicting that in under 2 years, traditional investment banks and assets managers are at risk of losing up to 22% of their business to the Fintech sector if they fall behind the times.

We have already seen a Top Tier International Investment Bank launch a Fintech disruptor division in competition to the Challenger Banks – the question is which big player will follow suit? With technologies continually evolving and progressing, specialist skills are in high demand to keep ahead of the technology curve.

Machine learning, algorithmic trading, electronic trading platforms, Robo Advisors and many more are on the way. And let’s not get started on the highly volatile Crypto Currencies which have seen a huge resurgence in the 1st half of 2019.


C#/.Net and Java Developers have been in high demand across our Investment Banking, Asset Management and Insurance clients. Financial Services experience is a non negotiable across Investment Banking and Asset Management with Fintech and Insurance happy to look at any background provided the technical skills are strong.

Typical roles have been mid level full stack, front or back end in Banking and Asset Management focusing on C# or java with a few Junior roles in Fintech and Insurance. Towards the end of the quarter we saw a need for Application Support professionals in Asset Management.

Diversity is very high on the agenda across all sectors at the moment, from start-ups to global corporates. Women in Tech is a high priority as the gender pay gap and gender diversity gain prominence across the UK (not only in financial services). Current stats show an alarming disparity across technology with only 15% of tech professionals being Women. When looking at leadership roles in Tech the figures are even worse at a paltry 5% female representation of Tech leadership professionals.  Watch this space for a breakfast seminar on the topic coming soon.

BRUIN Financial now have a growing Development Recruitment desk with vetted candidates across C#, SQL, SharePoint, Java, Python, VBA, C++, JavaScript and various other programming languages available for Contract or Permanent opportunities.


Typical roles we cover include:

  • Front End, Back End or Full Stack Developer (Junior, Mid Level, Senior and Lead)
  • Development Manager
  • Application Support (Analyst, Senior Analyst and Manager)
  • IT Developer
  • Test Analyst
  • BI Developer


Whilst a few big corporates have moved/are moving parts of their support and development hubs to Europe, the demand for tech professionals in Financial Services is expected to increase (provisional figures are 11% in the UK, 9% in London) in the coming 2 years. IR35 may well affect the BAU tech functions but Contracts should ultimately grow as projects launch to compete with the surge in Fintech, not to mention all the new and growing Fintech firms on the horizon as well.

A demand for Women in Tech will continue to make hiring more challenging as the entire market looks to be more gender diverse which should ultimately lead to more flexible/work from home opportunities to accommodate returners and part timers.


For more information about the market or current opportunities please contact one of our Consultants.