BSA 2024 Salary Guide Risk v2 SPREADS - Flipbook - Page 5
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Hiring within commodities, for example, has been
particularly buoyant over the last year. Not only are
commodities trading houses expanding their teams,
but also hedge funds and banks are ramping up
their recruitment in this area.
Meanwhile, model risk roles have bucked the trend in
quant jobs, with banks continuing to seek talented
professionals within the space amid a broader lull in
hiring.
Across treasury jobs, there has also been signi昀椀cant demand for capital management and liquidity
management roles, as well as asset and liability
management skillsets.
In fact, 昀椀nding skilled talent continues to be dif昀椀cult
for organisations, even in today’s market. Our survey
data indicates that virtually all employers are facing
Top three factors preventing hiring
Compensation
challenges
2023: 67%
2022: 82%
2021: 62%
Insufficient technical/
regulatory knowledge
2023: 47%
2022: 62%
2021: 58%
Remote working
policies
2023: 23%
2022: 38%
2021: 16%
problems hiring the right people, with 41% describing
the situation as ‘very challenging’.
Salary expectations remain the biggest hurdle, with
67% of organisations reporting it as a factor that
prevents them from hiring. This 昀椀gure has dropped
from 82% in our last salary guide, indicating that
compensation challenges are easing as the market
comes off the boil.
Candidates possessing insuf昀椀cient technical
or regulatory knowledge was a problem for 47%
of employers, while 23% cited issues with their
remote working policies. As with salary expectations,
however, both of these factors were cited by fewer
employers in 2023 than in 2022.
There has been a signi昀椀cant year-on-year increase
in the percentage of employers mentioning Brexit
as an impediment to hiring (17% in 2023 versus
3% the previous year). We explore the reasons
and rami昀椀cations of this trend in more detail later
in the report.
Candidate con昀椀dence has also taken a hit over the
last year, although the overwhelming majority of risk,
quant and treasury professionals remain optimistic.
Currently, 86% say they are con昀椀dent about their job
prospects, which is down from 95% in 2022.
When we asked candidates to rank their motivations
for seeking a new role, 57% chose remuneration 昀椀rst,
more than double the number that selected career
development (23%). Securing a better work-life
balance was the priority for one in 10 professionals.
