Navigating the Evolving UK Financial Crime Landscape: 2024/25 Salary & Recruitment Trends
The UK financial crime and fraud recruitment landscape in 2024 saw a blend of challenges and opportunities. While economic uncertainty and regulatory shifts have impacted the market, there are positive signs on the horizon.
2024/25 Financial Crime & Fraud Recruitment Trends
Key Takeaways:
Cautious Optimism:
Hiring has been slower in recent times, but the market is poised for growth, driven by increased regulatory scrutiny and the authorisation of new firms.
Demand for Specialist Skills:
There’s a persistent demand for experienced professionals, particularly in fraud prevention, AML, and KYC, as well as specialised areas like SAR controls and PEPs.
Internal Recruitment Challenges:
While businesses prioritise internal recruitment, this can hinder access to specialist skills and slow down hiring processes.
Flexible Working Remains Key:
95% of respondents work on a hybrid or completely remote basis, highlighting the importance of flexible working arrangements for attracting and retaining top talent.
Remuneration Dissatisfaction:
Two-thirds of respondents are dissatisfied with their current remuneration, indicating a significant opportunity for employers to attract and retain talent by offering competitive compensation packages.
What’s Driving the Market?
Regulatory Pressure:
The FCA’s increased scrutiny and enforcement actions are driving demand for skilled professionals to ensure compliance and mitigate risks.
Economic Uncertainty:
The UK’s economic outlook and global uncertainties have led to cautious budgeting and hiring practices within financial institutions.
Internal Recruitment Focus:
Businesses are prioritising internal recruitment to cut costs, which can hinder access to specialist skills.
Flexible Working Demands:
Flexible working arrangements are a major demand in the market, with 91% of respondents stating it as a “must-have.”
What Does This Mean for You?
If you’re a Financial Crime Professional:
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Understand the current market trends and your value proposition.
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Research potential career moves and explore opportunities in high-growth areas.
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Leverage your skills and experience to negotiate a competitive salary and benefits package.
If you’re an Employer:
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Attract and retain top talent by offering competitive compensation, flexible working arrangements, and opportunities for professional development.
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Partner with specialist recruitment agencies to access the best talent and navigate the evolving market.
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Prioritise DEI initiatives and create an inclusive and equitable workplace.
Download the Full Report
For a deeper dive into the 2024/25 Financial Crime & Fraud Salary & Recruitment Trends, including detailed data, insights, and expert commentary, download the full MERJE report here:
2024/25 Financial Crime & Fraud Recruitment Trends
Looking for a new career in 2025? Or need to add new Financial Crime & Fraud professionals to your team? Get in touch with our experts:
London & South East – Pritesh Chudasama
North & Midlands – Andy Hodson
