Company News

Market Outlook 2010-2011

While economic uncertainty is still present we have seen a continued interest from our clients in recruiting Internal Auditors, Risk Managers and Compliance staff in quarters three and four.

Job volume for Operational and IT Audit professionals increased throughout the first half of 2010. The
greatest demand for those with experience was in quarter one. Financial Auditors with specific industry experience (particularly in Equities and Fixed Income) remained the most in-demand skill sets during quarter two.

The Contract and Interim Management market has followed suit where candidates with strong markets experience were also in demand.

As the economy improved, demand across all levels increased from newly-qualified
Accountants to Heads of Function. The larger banks, in particular, were most active in hiring these candidates. Asset Management, Private Wealth Management and Insurance houses also increased their demand for Internal Auditors.

Recent economic problems have caused companies that have weathered the climate well to use their financial stability as a key selling point – candidates are often looking beyond the remuneration package on offer to other benefits, including long term promotion prospects and ability to learn new skills and products.

As we enter the latter stages of 2010, the recent low bonus rates and increased work load for many professionals will continue to motivate people in seeking alternative employment. If vacancy levels remain high after the holidays we expect to see more placements going into 2011.

For further information, including salary surveys please contact the Fleet Search team.