Since the start of 2010 there has been a noticeable change in sentiment within the financial services sector. Some banks are now finding themselves at minimum staffing levels and are considering whether additional resource is required. Other banks which have merged or been taken over are finalising department structures and correspondingly skill shortages are becoming apparent.
Banks are embracing new levels of corporate governance and risk control. Tax risk management of the front office and the institutions' international framework is viewed as an essential part of building an adequate control function. Delivering the correct advice and structures to business units and a compliant international operations structure is vital.
In summary based on the end of 2009 and start of 2010 the financial services sector is back in recruiting mode to attract top tier talent. We predict that multiple hires will be made this year to...
