BSA 2024 Salary Guide Risk v2 SPREADS - Flipbook - Page 11
11
Diversity and inclusion
In September 2023, the FCA and PRA published new
proposals to improve diversity and inclusion in the
昀椀nancial services sector. Under these requirements,
昀椀rms must:
⟶ Develop a strategy detailing how companies
will meet their diversity and inclusion objectives
and goals
⟶ Collect, report and disclose data regarding
certain protected characteristics
⟶ Set targets to address under-representation
With clear guidance now in place, we expect 2024
to be a year in which many 昀椀nancial services organisations revisit and re昀椀ne their equality, diversity and
inclusion (EDI) policies and hiring practices.
Encouragingly, we saw many organisations place
greater focus on EDI last year, after diversity efforts
appeared to slip down the agenda during the
frenetic hiring that occurred in the post-pandemic
period.
Our consultants are reporting an increase in
employers requesting balanced shortlists, and 71%
of organisations agree that their HR processes are
now effective at ensuring equality of progression
for all employees.
Of course, there is always room for improvement,
and certain industries or areas of risk are more
diverse than others. Quant jobs, for example, still
have a gender imbalance, with men signi昀椀cantly
outnumbering women, especially in sectors such
as investment banking.
