Regulation drives demand for project specialists

Hiring fund managersRegulation means that demand for project management professionals is outstripping supply, a recruiter says. The number of project management roles in the City of London grew by 8% year-on-year in August. Candidates have also risen by 9% compared to August last year, according to the Robert Walters City Jobs Index1, which tracks the number of jobs available and candidates seeking jobs in the City month-by-month. The results show that the demand for projects professionals is outstripping supply, with 1.6 roles per candidate. James Murray, associate director at recruitment firm Robert Walters, says that the pressure from regulators has played a significant role in driving this activity, as employers rush to mobilise delivery of new programmes to comply with demands from national and multi-national regulators. ““MiFID II [the Markets in Financial Instruments Directive II], the fundamental review of the trading book, bank ring fencing and front-office controls projects have all driven demand for assistant vice president and president level professionals in business analyst and project manager roles,” he says. ©2015 funds europe

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