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UK – Recruitment trends in financial services

24 March 2014

According to Paul Reynolds, Partner, Green Park Interim and Executive Search, the largest growth areas for senior search mandates within financial services in 2014 are largely dictated by political and regulatory changes, technology simplification and digital along with governance, risk and compliance.

Writing on Director of Finance Online, Reynolds says “we are seeing a growing demand for Global Heads of Compliance along with specialist regional heads across the Americas, EMEA and Asia with a growing unproven trend from client side organisations hiring senior executives from regulators to lead compliance functions.”  

Reynolds states that as more customer use mobile banking and new technologies proliferate, banks are increasingly pre-occupied with cyber-security. Banks and financial services organisations are increasingly investing in the development of robust infrastructures in a bid to prevent cyber-crime and protect their customers. As a result, senior cyber professionals are highly sought after and can command their own salaries.

This trend towards online financial management means that companies are looking to increase in board level representation for customer experience and distribution executives to define strategies with their customers at the heart of their evolving philosophies.

Reynolds states that “there is increased demand for marketing professionals with a social media background who can help financial services institutions to develop a strategy around social media. There are strong career opportunities for professionals who can help them to embed customer relationships and customer experience – restoring much-needed confidence across the sector and provide an outlook towards both current and the future generation of technology users from school age through to silver surfers.”

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