Banks still see a need to fill Compliance jobs in the UK regardless of Brexit progressions but they have also continued to bolster teams in other jurisdictions.
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2018 was somewhat a challenging year for contract compliance recruitment. As a whole we saw a large number of smaller sized firms and FinTech firms coming to lead the way in hiring over the previous twelve months.
Permanent recruitment within compliance throughout 2018 continued to be buoyant with many organisations looking to bolster their teams, as well as replacing any outgoing employees. Brexit didn't necessarily have an impact on UK hiring but it has presented great opportunity for compliance professionals who may consider relocating to Paris, Frankfurt, Dublin, Amsterdam and Luxembourg, with surveillance jobs, control room jobs and other compliance jobs frequent in those locations.
Whilst Brexit could have some effect on recruitment volumes, the view from many organisations is that they expect the UK and London to remain as their main hub for attracting and retaining the best compliance talent. With this in mind, we expect to see another year of strong recruitment within the Compliance and for Financial Crime jobs.
As part of compiling the 2019 Morgan McKinley salary guides, 2,400 active UK based professionals and employers were surveyed to gain an insight into their varying views of employment.
You can read the full write-up of our findings here.