Market Risk Insights – June 2024

• The recruitment market for Market risk managers has been subdued throughout H1 2024 with a lower volume of new roles coming onto the market, consistent with H2 2023.
• Bonuses have also been down in the range of 20-40% from 2023.
• Some markets have been busier than others with Commodities leading the way. This has been driven largely due to market volatility from Ukraine/Russia and the Middle East.
• Risk professionals generally follow a 3–5-year tenure in their roles. Given the largest volume of recruitment in 15 years was in 2021, the market has been short of the strongest talent for a few years.
• It is logical to assume therefore that 2024/2025 will see a steady increase in recruitment as those who moved in 2021 will start to consider role elsewhere.
• Interview processes have slowed in nature in H2 as the demand weakened and competition reduced for candidates.
• Hedge funds have sought to diversify their product offering and we have seen hiring outside of core strategies.
• Banks have also sought to increase their product capabilities not only in commodities, but we have seen the green shoots of hiring in structured Credit.
• A few banks have increased their Risk Management recruitment in the 1st line – reporting into Trading rather than Risk.

Josh Lawson

Senior Director Market Risk
jl@barclaysimpson.com
020 7936 8909

Please reach out if you would like advice on hiring in the internal audit, assurance and controls market. Barclay Simpson has over 30 years’ experience of hiring in this sector and we can offer deep insight into how the market is changing and how to secure the best candidates.