Data from SEEK has shown that within the banking and finance sector, adverts for compliance and risk job roles have increased by 122 per cent in the last five years. This includes a dramatic 48 per cent increase in the last year alone. Currently 13.5 per cent (as of October 2018) of banking and finance roles on SEEK are in compliance and risk.
Beyond compliance and risk job adverts increasing significantly, there is extensive change occurring for employment opportunities within the banking and finance sector, which is visible in the ‘role types’ featured in SEEK job ads. The banking and finance sector has slightly increased in jobs (by one per cent when comparing the three months to October in 2018 to the previous year), resulting in the category having relatively flat employment opportunities compared to the previous months, with falls in financial planning and retail and branch job adverts.
There has been a 13 per cent increase over the past 12 months in candidates searching for compliance and risk roles on SEEK. However, there is still a shortage of candidates to fulfil jobs advertised in areas such as NSW, Brisbane and Perth.
Kendra Banks, ANZ managing director from SEEK comments: “Compliance and risk job roles require an extremely niche skill set which can vary across different industries. Therefore, it can be hard for recruiters to find the right person for the role, or for candidates to even know that these roles exist outside of Finance and Banking institutions. Based on SEEK’s most recent data, we do anticipate seeing an increase in candidates looking for these types of roles over the next year.”