LOB Salary Guide RISK v5 SPREADS - Flipbook - Side 10
10
Brexit
In last year's report, we highlighted Brexit as a
key contributor to talent shortages across risk
management in the UK. This continued to be the
case in 2022 and will likely be an ongoing issue
for employers.
Prior to Brexit, many UK-based risk professionals
were originally from continental Europe. Now, EU
candidates must apply for a Skilled Worker Visa
and possess a certificate of sponsorship from
an approved employer before being able to
settle in the UK.
We are beginning to see a number of emerging
trends as a result, including more organisations
being willing to consider sponsorships than ever
before. There has also been a marked increase
in the number of applications received from
overseas candidates based outside of the EU,
particularly in locations such as Africa and Asia.
Ultimately, 43% of employers
believe that Brexit has reduced
the availability of suitably
qualified and experienced risk
professionals, with 20% citing
the impact as significant.
