Internal Audit and IT Audit/Risk continue to be faced with a number of key challenges - namely an ever-increasing pressure on salaries and a limited talented pool.
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2018 was an interesting year for Internal Audit and IT Audit/Risk recruitment. The volume of roles was 5.5% higher than the previous year. Crucially, we noticed a move away from traditional newly qualified AVP level hiring within core internal ‘business’ audit, with a much higher number of VP and director level positions available.
Certain banks continued moving resources to lower cost locations, elsewhere in the UK and across Europe - Edinburgh, Birmingham, Manchester, Sheffield, Dublin, Belfast, Warsaw and Budapest were all chosen cities. Naturally, this movement of resources resulted in a few redundancies in London.
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.