Risk and compliance skills in demand
Recruitment consultant Robert Walters expects to see modest growth in salaries in the banking and financial services industry this year, although there will be bigger increases paid to staff in risk and compliance and a number of other in-demand areas.Robert Walters released its annual global salary survey yesterday, forecasting that Australian financial services salaries would increase by an average of 1.5 per cent this year.Robert Walters associate director financial services and legal, Henry Smith, said that in banking and finance demand for risk and compliance staff was strong last year and will continue this year, along with demand for IT and cyber security specialists.Wealth managers with remediation skills were in demand. And companies were looking for staff that could help them deliver products online.Smith said fintech companies, particularly peer-to-peer lenders, were moving out of the start-up phase and starting to look for credit managers, relationship managers and risk and governance staff. A poll of white collar employees overall in Australia found that 71 per cent expect to receive a salary increase this year and 45 per cent expect to receive a bonus. Fifty-seven per cent said they were looking for a new job (up a little from last year) and 40 per cent said they would turn down a job if it did not give them flexibility.The flexible conditions people are looking for include the ability to work from home a day or two a week and flexible hours.