LOB Salary Guide COMPLIANCE v2 SPREADS - Flipbook - Side 4
04
Permanent recruitment trends
The compliance and financial crime
recruitment market enjoyed a buoyant
2022, characterised by robust demand
and proactive hiring in a candidate-short
landscape.
Almost all of the market segments that we
recruit into experienced a busy year, as
employers continued to catch up on hiring
that had been delayed during the height
of the pandemic. FinTech, where a number
of firms scaled back their recruitment, was
perhaps one of the few exceptions in an
otherwise overwhelmingly positive year.
Talent shortages remain a problem for
organisations, with 100% of employers
that we polled admitting it is either very
(59%) or somewhat (41%) difficult to
attract and recruit skilled compliance
and financial crime professionals at the
moment. Our consultants are seeing
gaps at the junior end of the market
specifically. Quality candidates with two
to three years’ experience are scarce
and quickly snapped up, resulting in a
notable shortage of professionals capable
of stepping into AVP roles – a trend that
continues to affect hiring in 2023.
The compliance and financial crime markets
have been extremely busy compared to previous
years. We were inundated with roles, particularly
in the first half of 2022, with significant pent-up
demand spilling over from the previous year. Hiring
slowed somewhat as 2022 came to a close, but
remained strong by historic standards.
— Tom Boulderstone, Head of Legal Compliance at Barclay Simpson.