Fintech Overtakes Banks in Risk Hiring as Sector Surges 26%

• Risk and Compliance hiring in fintech up 26% year-on-year
• Banks cut oversight teams as cost pressures rise
• Demand shifts to Financial Crime and Credit Risk roles
• London remains dominant, but hybrid hiring gains traction

Governance investment rebalances as fintech eclipses banks

Fintech firms now account for over a fifth of all Risk and Compliance roles in the UK, up from just 12% in 2023 as the sector recorded its second consecutive year of double-digit growth with vacancies up 26%, according to the latest Morgan McKinley and Vacancysoft Risk and Compliance report. Meanwhile, traditional banks have cut hiring for another year, down 1% as cost pressures intensify.

Read the full Morgan McKinley and Vacancysoft Risk and Compliance Report

[gated-download-break title="UK Finance Labour Market Trends 
Report | November 2025" description=""]

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