Compliance FC Final - Flipbook - Page 4
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尀砀
Compliance & financial
crime activity index
Market overview.
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The compliance and financial crime
recruitment markets were subdued in H1
2024, although there were some areas of
positive activity.
A combination of low economic gro眀琀h, high
interest rates, political unce爀琀ainty in the UK
and overseas, and a lack of investment has
generated fewer oppo爀琀unities 昀漀r professionals
than in H1 last year. Neve爀琀heless, the market
has remained relatively resilient overall,
presenting good oppo爀琀unities for the right
candidates in ce爀琀ain areas.
Highlights included strong demand on the
buy side in Q1, with asset management
firms generating high-quality vacancies at a
varie琀礀 of levels. However, this activity faded
away in March/April. Subsequently, asset
management teams have been very lean.
The insurance sector, pa爀琀icularly in the
Lloyd's of London and General Insurance
areas, has maintained decent levels of
recruitment activi琀礀.
There is a degree of catch-up occurring in
insurance firms, particularly with regard to
consumer du琀礀 and conduct, where there is
a perception that the sector is behind other
areas of financial services, such as retail
banking.
Banks have been generally quiet, with
recruitment activi琀礀 restricted to replacement
hiring. FinTechs, with their challenges around
raising finance, have been extremely cost
conscious and have displayed little intent to
recruit, even when in need of resources to
meet regulatory requirements.
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Source: Barclay Simpson - in-house recruitment activity data
indicating the pace of the market.
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