LOB Salary Guide RISK v5 SPREADS - Flipbook - Side 6
06
Top three factors preventing hiring
Given the volume of vacancies being advertised, it's
perhaps no surprise that candidates are optimistic
about the opportunities currently available to them.
An overwhelming 92% said they are confident about
the job market.
Compensation challenges
2022: 82%
2021: 62%
When we asked candidates to rank their reasons for
considering a new role, 54% chose remuneration first,
nearly three times the amount that chose career
development (19%). This is understandable, as there
have been significant increases in starting salaries
across risk management since 2021.
Insufficient technical/regulatory knowledge
2022: 62%
2021: 58%
Poor cultural fit
With the UK widely predicted to fall into recession in
2023 and a number of big banks already announcing
job cuts, it's possible that salary rises will level off as the
year progresses. At the time of writing, however, the risk
disciplines that we recruit into have not been noticeably
affected by these factors.
2022: 38%
2021: 16%
According to Barclay Simpson data
We asked our risk and quant candidates to rank their reasons for seeking a new role in order of preference from 1-6
1. Remuneration
2. Career
development
3. Work/life
balance
4. Better
benefits
According to Barclay Simpson data
5. Job
security
6. Remote
working
