T+O+M BLOG

Market update June 2024: Audit & Risk

In case you missed the T+O+M Talks video, here's a summary from Max Kelly on recruitment activity for Audit & Risk mid-2024.

 

Recruitment Trends

  • the volume of junior to mid-level Risk Management roles has increased in the first half of 2024 compared to the 6 months prior\

  • Payments providers, superannuation funds, the regional banks, and the mutual banks have all been hiring, as they build out their Line 1 risk functions and uplift capability more broadly

  • CPS230 is driving a notable proportion of hires across APRA-regulated entities

  • Operational resilience is a focus across non-FInancisal services business who are captured under the critical infrastructure activities

  • Highest demand has been in Financial Risk, Technology Risk & Cyber Security

 

Recruitment Predictions

More of the same:

  • a slower but consistent level of hiring across the mid to junior levels of Non-Financial Risk
  • the continued growth of Financial Risk

  • more senior leadership changes across the Cyber Security space.

  • We also expect to see some relatively big roles being created across businesses that provide critical services to major financial institutions.

 

If you would like to find out more, get in touch with a member of the Audit, Risk, Compliance team.

You can watch the full video here:

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