Hiring within compliance remained robust in the first half of 2016. Key areas of activity related to AML and financial crime, conduct risk, MiFId, regulatory risk, consumer protection and data protection.
Claire Dunwoody, Director of Legal & Compliance at Robert Walters Ireland said: “Hiring was driven by a number of factors; continued developments to existing regulations and new legislation; internal promotions which created vacancies; increased candidate movement; and the need for additional compliance support as organisations focused on new products and markets.”
Roles recruited spanned all levels of seniority and experience. There was a marked increased in the number of ‘head of’ positions recruited year to date; this was largely due to a wave of movement at this level which led to replacement hiring. In general, the majority of roles secured were on a permanent basis although AML and financial crime remediation projects were predominantly hired on a temporary and contract basis, particularly within third party fund administrators.
Counter-offers remained a prominent factor for candidates with 4-8 years’ experience as organisation sought to retain the knowledge of these professionals. Organisations with a defined recruitment process and quick decision making were more successful in securing top candidates at offer stage.
Claire said: “As the financial services marketplace evolves with the emergence of FinTech and RegTech, we look to see what future impact this will have on the traditional compliance role and the skillsets required.”
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