Overview of Accounting & Finance in Banking Recruitment
Banks increased their recruitment of temporary Accounting & Finance professionals across both Regulatory Reporting and Product Control as the summer hiring lull ended.
A number of external factors have played a key role so far this year, not least Brexit uncertainty and the impact of IR35 on longer term contract opportunities. Despite this, the flow of jobs for various finance roles has been consistent across different sized banks.
The only regulatory concern has been the growing consideration for IR35 and how it will affect contract hiring for the rest of 2019 and into 2020. Some banks have been hiring employees on Fixed Term Contracts or permanently rather than contractors in an attempt to protect themselves, whilst others have maintained their hiring of contract professionals, with contracts in some instances running until the latter half of 2020.
Banks’ requirements have varied enormously, looking to hire across numerous disciplines. The smaller banks have been concentrating within Financial Control, from Finance Business Partners to low level accounts processing roles. In contrast, larger banks have focused on Regulatory Reporting jobs, Accounting Policy and Performance Management roles. Product Control has remained an area of consistent hiring and we expect this to continue as investment banks spread their presence across new products.
Source - Read More at: internationalbanker.com