The year has started off at a blistering pace, with numerous clients looking to attract and hire talent at all different levels. In addition to roles being open from last year, we’ve seen a number of new positons come up this year already, contradictory to usual January hiring trends.
Historically, January is a time where employers announce and pay bonuses with a hope to retain staff, which is the focus of the month, as opposed to focusing on new hires-but not this year. Roles in demand within global markets have been in Currencies/Foreign Exchange Sales, Electronic Execution (Equity) , Equity Research, and Structured Products Sales. Whereas on the Support, Regulatory and Technology side, we have seen high levels of demand for KYC/AML related specialists, Trade & Sales Support staff, Compliance Officers, and Developers (C++, Java and Python).
Regarding bonuses for 2018, two of the tier 1 US banks were said to have paid out fairly generous bonuses (to top performers), while most of their competitors maintained a flat rate from last year, or slightly less as a whole. The general mood in the market has been of uncertainty, especially within equities, but other areas have remained positive.
For further information on the local financial markets, or salary trends, get in touch with us today.