Job vacancies at financial-services companies in London jumped by 25 percent in the first quarter as firms bolstered their compliance and risk-management divisions to placate regulators, a survey showed.
Vacancies in London’s main financial district, known as the City, and elsewhere in the British capital climbed to 7,308 from 5,859 in the fourth quarter, recruitment consultant Morgan McKinley said in a statement today. Still, the number of available jobs fell 7 percent in March from a month ago.
“There is more appetite to hire and the process is more fluid with fewer obstacles to bringing new talent on board,” Hakan Enver, operations director at Morgan McKinley Financial Services, said in the statement. “March 2013 was negatively affected by Easter coming earlier than usual, causing it to be a shorter working month and disrupting the process of releasing new roles to the market.”
Global regulators have asked banks to strengthen risk management and boost oversight in response to recent scandals that have undermined the reputation of the financial-services industry. A survey of lenders by the Financial Stability Board published in February found that “significant gaps” persist in risk management, with nearly half of the companies failing to meet “fundamental” criteria for sound governance.
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