IT and marketing specialist roles are leading the way in growing demand for talent in the financial services sector, reaching 70% of the industry’s recruitment needs for the whole of 2020 within the first four months of the year.
The number of vacancies within the financial services sector in April is up by over 275% compared with the same month last year. That’s according to a new report from the Association of Professional Staffing Companies (APSCo).
Hiring for fintech professionals leads the way, says the data that was provided by analytics firm, Vacancysoft. Almost a third (31%) of the vacancies are for IT specialists, whilst other in-demand skills include marketing, KYC compliance, operations management and client service delivery.
London remains the focal point of the UK’s finance industry, accounting for over half (56%) of the roles available. The south east of England ranks second, with just under 10% of the roles. Other regions, such as the north east and north west of England have also already surpassed vacancy volumes for the whole of 2020.
As for employers, JP Morgan advertised 1,000 roles between January and April, taking it to 53% of 2020’s total requirement. Citi and NatWest follow with 746 and 616 roles respectively.
The recovery is well underway
Commenting on the data, APSCo CEO, Ann Swain said, “this latest data show that the recovery is now well underway – and while these figures show direct employer vacancies, it is clear that the recruitment sector also has a part to play in this recovery.”