The Internal Audit market remained buoyant throughout H1 2014, with hiring taking place at both lower and senior levels. However, the candidate pool of experienced auditors remained stretched, placing upward pressure on professionals’ salary demands. As we move further into 2014, salary demands continue to increase as banks have to compete with counteroffers and buybacks from current employers. Banks are placing emphasis on SME and IT Audit departments and are willing to stretch salary bandings for such roles as it continues to prove difficult sourcing high calibre candidates who possess technical experience and audit controls knowledge.
|Investment Banking||£50k - £60k||£60k - £80k||£80k - £110k||£110k - £140k||£140k+|
|Retail / Commercial Banking||£45k - £55k||£50k - £70k||£70k - £100k||£100k - £120k||£120k+|
|SME Banking||£45k - £50k||£50k - £80k||£80k - £110k||£110k - £140k||£140k+|
|IT Audit||£45k - £55k||£55k - £80k||£80k - £100k||£100k - £120k||£120k+|