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FINANCE TECHNOLOGY SALARIES

Financial Markets Salary Survey

Investment banking institutions are taking a cautious approach to recruitment in 2016, with many banks putting their hiring needs on hold while they assess the market. However, regulatory changes and the upcoming MiFiD II in 2017 are expected to drive requirements across the industry.

 

There has been notable growth within the Etrading space, due to continued expansion, investment and migration of senior staff to other investment banking areas and hiring teams.

We have encountered a greater focus on diversity, and we are seeing a specific increase in organisations looking to improve gender diversity of the workforce, especially for developers or technical roles.

Due to a number of change programmes within some of the tier-one investment banks, we’re expecting the latter half of 2016 to be active for recruitment. While some banks currently are reducing headcount to tackle high costs, we are seeing an increase in demand in the contract market to help counter the loss.

The investment management side of the technology market experienced another positive year in 2015. Continued rotation of chief technology officers, major vendor systems change and investment in new projects fuelled ongoing growth. New initiatives in digital, distribution, data and M&A, as well as upcoming regulatory developments are producing many opportunities for jobseekers.

The order management system landscape is constantly evolving with challengers such as Simcorp and Blackrock’s Aladdin offering hosted solutions enabling companies to reduce their technical staff, including application support personnel and developers. In the interim, however, these multi-million pound, three-year-plus implementations require large numbers of business analysts and configuration resources to deliver.

We are expecting another year of strong hiring across the investment management industry as companies look to gain competitive advantage in front office, introduce more product complexity and catch up with other industries from a digital perspective.