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These skills are expected to continue to be sought after in 2016, particularly as offshoring and near-shoring activities throughout the UK have reduced the demand for typical operations skills. 

Although there was a significant slowdown in hiring over the summer, recruitment picked up strongly in the final quarter of 2015. A renewed demand in short-skilled areas has resulted in businesses becoming open to candidates with transferable skills or offering career advancement. This will become increasingly common as the market becomes more candidate driven.

Pay rates for investment banking roles have remained stable. It has become increasingly difficult to attract analyst-level candidates from one bank to another, as the offerings are rarely different and chances of promotions are limited.

Conversely, on the buy side, salaries have moved significantly forward in 2015, at times as much as 15-20%. Performance measurement continues to be the area of constant hiring with the shift from fixed income to multi-asset experience requiring strong VBA skills to define and develop more complex reporting for front office. However, we have seen consistent requirements across all areas of investment operations, including newly created roles in client services, client on boarding, operations analysis and oversight.

For the first time in many years in the run up to bonus season, we saw a reluctance from candidates to move without a sign-on bonus.

Banking & Financial Markets jobs in London