Ellie Sykes, Director of Credit Risk & Analytics recruitment at MERJE, shares insights into the latest trends in her market.
Things are still a bit unpredictable on the recruitment front, but we are seeing a slight upturn in advertised roles. However, it’s still a candidate-heavy market right now, so competition is fierce.
One skill that continues to be sought-after? Regulatory modelling!
It has always been that way but we are seeing even more of a surge in demand for IFRS9 and IRB expertise, likely driven by increased regulatory scrutiny notably from the FCA and Consumer Duty.
Did you catch the Bank of England’s September 2024 letter?
Findings from their Credit Risk Management Framework review of 33 UK banks and building societies revealed some concerning lending breaches. This highlights the urgent need for robust portfolio management and affordability assessments, especially with the current economic climate.
It’s clear: FS businesses need to prioritise strengthening their regulatory understanding and modelling capabilities. Predicting and mitigating risks is paramount in today’s FS landscape.
If you’re in Credit Risk, especially with regulatory modelling skills, you’re curious about your career options, or just want to know what’s happening in the Credit Risk world, get in touch! I’m always happy to chat. 😀
Email esykes@merje.com or call 0161 883 2750 to chat to Ellie about your recruitment or career plans.
