There has been a significant increase in the number of senior level appointments over the last six months, with investment management firms leading the way. Tobam & John Locke have recruited heads of compliance and with CP86 coming into full effect this year ILIM, DMS, FundRock & Crossroads have made strategic hires at director level.
On the back of Brexit, the Central Bank continues to increase headcount within their supervisory and policy teams. RegTech firms are a very attractive career option for regulatory experts who want a new challenge and Fenergo have been very successful recruiting at VP level.
Currently, demand for qualified professionals is greater than the supply. This is resulting in increased salaries for these professional’s with MIFID, AIFM, Financial Crime and Data Protection experience.
Counter offers remain a prominent factor for candidates with 3 to 6 years’ experience as organisations attempt to retain specialist knowledge.
We have seen a significant increase in project focused contracts due to our clients requiring additional headcount to assist with the implementation of MIFID 2 and GDPR.
Fund Service providers are moving away from an end to end investor services model and setting up 1st line regulatory onboarding teams. On the back of this transfer agency candidates with AML, FATCA and CRS experience are in high demand.
We predict 2018 will be a busy and exciting year with compliance professional’s having multiple options and clients who have the best recruitment strategy securing the best talent.
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