Hiring for Banking & Financial Services in the UK.
After a slow start to 2023, recruitment picked up around mid-year. Numerous organisations expressed a strong appetite to hire; however, obtaining the necessary approvals was challenging. This is likely to persist into 2024.
As a direct consequence of this difficulty getting headcount sign off, there has been a notable increase in contract vacancies. Businesses require additional workforce to assist with day-to-day workload, integrations and outsourcing projects.
The top 3 things to successfully attract and hire talent in Banking & Financial Services.
- 1
Offering career progression opportunities
- 2
Higher salary offers
- 3
Fast hiring process
In demand roles
- Middle Office Analyst
- Investment Operations Analyst
- Derivative Operations
- Trade & Transaction Reporting
- Loan Operations
Valuable skill sets
- Regulatory knowledge
- Interest Rate Derivatives
- Advanced Excel
- Operations & Process improvement
- Data visualisation tools (e.g tableau)
Up, down or flat? The state of salaries.
Salaries remained static after experiencing substantial increases in 2022. The overriding feeling from the market has been a heightened sense of caution, and with fewer opportunities on the market for candidates, there is less necessity to raise salary levels.
of Banking & Financial Services hiring managers said their salary offers have remained flat in comparison to 2022.
Banking & Financial Services salaries in the UK
| Job Title | Sector | Sub Sector | Location | |||
|---|---|---|---|---|---|---|
| Job Title | Sector | Sub Sector | Location | 0 - 3 years | 3 - 5 years | 5+ years |
Asset Servicing Manager Daily rate |
Asset Management & Private Banking | London | £280 - £320 | £320 - £380 | £380 - £450 | |
Asset Servicing Analyst Daily rate |
Asset Management & Private Banking | London | £180 - £220 | £220 - £250 | £250 - £280 | |
Cash Management Manager Daily rate |
Asset Management & Private Banking | London | £300 - £350 | £350 - £400 | £400 - £450 | |
Cash Management Analyst Daily rate |
Asset Management & Private Banking | London | £200 - £220 | £220 - £250 | £250 - £300 | |
Client Onboarding Manager Daily rate |
Asset Management & Private Banking | London | £300 - £350 | £350 - £400 | £400 - £450 | |
Client Onboarding Analyst Daily rate |
Asset Management & Private Banking | London | £180 - £220 | £220 - £250 | £250 - £300 | |
Client Reporting Manager Daily rate |
Asset Management & Private Banking | London | £280 - £320 | £320 - £380 | £380 - £450 | |
Client Reporting Analyst Daily rate |
Asset Management & Private Banking | London | £200 - £250 | £250 - £300 | £300 - £350 | |
Client Services Manager Daily rate |
Asset Management & Private Banking | London | £250 - £300 | £300 - £350 | £350 - £400 | |
Client Services Analyst Daily rate |
Asset Management & Private Banking | London | £180 - £220 | £220 - £250 | £250 - £300 | |
Collateral Management Manager Daily rate |
Asset Management & Private Banking | London | £300 - £350 | £350 - £400 | £400 - £450 | |
Collateral Management Analyst Daily rate |
Asset Management & Private Banking | London | £200 - £250 | £250 - £300 | £300 - £350 | |
Data Analyst Daily rate |
Asset Management & Private Banking | London | £200 - £250 | £250 - £300 | £300 - £350 | |
Senior Fund Accounting Manager Daily rate |
Asset Management & Private Banking | London | £350 - £400 | £400 - £450 | £450 - £500 | |
Fund Accounting Manager Daily rate |
Asset Management & Private Banking | London | £320 - £350 | £350 - £370 | £370 - £400 | |
Senior Fund Accountant Daily rate |
Asset Management & Private Banking | London | £300 - £320 | £350 - £380 | £380 - £400 | |
Fund Accountant Daily rate |
Asset Management & Private Banking | London | £200 - £250 | £250 - £300 | £300 - £350 | |
Fund Administration Manager Daily rate |
Asset Management & Private Banking | London | £280 - £320 | £320 - £350 | £350 - £380 | |
Fund Administrator Daily rate |
Asset Management & Private Banking | London | £180 - £220 | £220 - £250 | £250 - £300 | |
Head of Operations/COO Daily rate |
Asset Management & Private Banking | London | £600 - £650 | £650 - £700 | £700 - £800 | |
Loan Closer Daily rate |
Asset Management & Private Banking | London | £250 - £350 | £350 - £450 | £450 - £550 | |
Loan Operations Daily rate |
Asset Management & Private Banking | London | £220 - £280 | £280 - £360 | £360 - £450 | |
Loan Operations Manager Daily rate |
Asset Management & Private Banking | London | £350 - £400 | £400 - £450 | £450 - £500 | |
Operations Business Manager Daily rate |
Asset Management & Private Banking | London | £250 - £300 | £300 - £350 | £350 - £400 | |
Performance Manager Daily rate |
Asset Management & Private Banking | London | £320 - £350 | £350 - £400 | £400 - £450 | |
Performance Analyst Daily rate |
Asset Management & Private Banking | London | £200 - £250 | £250 - £300 | £300 - £350 | |
Senior Portfolio Analyst Daily rate |
Asset Management & Private Banking | London | £250 - £350 | £350 - £450 | £450 - £500 | |
Portfolio Manager Daily rate |
Asset Management & Private Banking | London | £320 - £350 | £350 - £400 | £400 - £450 | |
Assistant Portfolio Manager Daily rate |
Asset Management & Private Banking | London | £230 - £280 | £280 - £320 | £320 - £380 | |
Portfolio Analyst Daily rate |
Asset Management & Private Banking | London | £200 - £250 | £250 - £300 | £300 - £350 | |
Private Banking Assistant Daily rate |
Asset Management & Private Banking | London | £150 - £200 | £200 - £250 | £250 - £300 | |
Product Development Manager Daily rate |
Asset Management & Private Banking | London | £300 - £700 | £700 - £800 | £800 - £1,000 | |
Reconciliations Manager Daily rate |
Asset Management & Private Banking | London | £250 - £300 | £300 - £350 | £350 - £400 | |
Reconciliations Analyst Daily rate |
Asset Management & Private Banking | London | £180 - £220 | £220 - £250 | £250 - £300 | |
Regulatory Reporting Manager Daily rate |
Asset Management & Private Banking | London | £350 - £400 | £400 - £450 | £450 - £500 | |
Regulatory Reporting Analyst Daily rate |
Asset Management & Private Banking | London | £250 - £300 | £300 - £350 | £350 - £450 | |
Relationship Manager Daily rate |
Asset Management & Private Banking | London | £230 - £260 | £260 - £300 | £300 - £450 | |
Settlements Manager Daily rate |
Asset Management & Private Banking | London | £250 - £300 | £300 - £350 | £350 - £400 | |
Settlements Analyst Daily rate |
Asset Management & Private Banking | London | £180 - £200 | £200 - £250 | £250 - £300 | |
Shareholder Services / Transfer Agency Administrator Daily rate |
Asset Management & Private Banking | London | £150 - £180 | £180 - £220 | £220 - £250 | |
Trade Support Manager Daily rate |
Asset Management & Private Banking | London | £300 - £350 | £350 - £400 | £400 - £450 | |
Trade Support Analyst Daily rate |
Asset Management & Private Banking | London | £180 - £220 | £220 - £250 | £250 - £300 | |
Transitions Manager Daily rate |
Asset Management & Private Banking | London | £300 - £350 | £350 - £400 | £400 - £500 | |
Transitions Analyst Daily rate |
Asset Management & Private Banking | London | £200 - £250 | £250 - £300 | £300 - £350 | |
Transfer Agency Manager Daily rate |
Asset Management & Private Banking | London | £250 - £280 | £280 - £320 | £320 - £350 | |
Asset Servicing Manager Daily rate |
Investment Banking & Brokerage Houses | London | £280 - £320 | £320 - £380 | £380 - £450 | |
Asset Servicing Analyst Daily rate |
Investment Banking & Brokerage Houses | London | £200 - £220 | £220 - £250 | £250 - £280 | |
Cash Management Manager Daily rate |
Investment Banking & Brokerage Houses | London | £280 - £320 | £320 - £380 | £380 - £450 | |
Cash Management Analyst Daily rate |
Investment Banking & Brokerage Houses | London | £200 - £220 | £220 - £250 | £250 - £280 | |
Client Onboarding Manager Daily rate |
Investment Banking & Brokerage Houses | London | £300 - £350 | £350 - £400 | £400 - £450 | |
Client Onboarding Analyst Daily rate |
Investment Banking & Brokerage Houses | London | £200 - £220 | £220 - £250 | £250 - £300 | |
Client Services Manager Daily rate |
Investment Banking & Brokerage Houses | London | £250 - £300 | £300 - £350 | £350 - £400 | |
Client Services Analyst Daily rate |
Investment Banking & Brokerage Houses | London | £180 - £220 | £220 - £240 | £240 - £250 | |
Collateral Management Manager Daily rate |
Investment Banking & Brokerage Houses | London | £300 - £350 | £350 - £400 | £400 - £450 | |
Collateral Management Analyst Daily rate |
Investment Banking & Brokerage Houses | London | £200 - £220 | £220 - £250 | £250 - £270 | |
Data Analyst Daily rate |
Investment Banking & Brokerage Houses | London | £200 - £250 | £250 - £300 | £300 - £350 | |
Head of Operations/COO Daily rate |
Investment Banking & Brokerage Houses | London | £600 - £650 | £650 - £700 | £700 - £800 | |
Loans Manager Daily rate |
Investment Banking & Brokerage Houses | London | £300 - £350 | £350 - £400 | £400 - £450 | |
Loans Officer Daily rate |
Investment Banking & Brokerage Houses | London | £180 - £230 | £230 - £280 | £280 - £330 | |
Operations Business Manager Daily rate |
Investment Banking & Brokerage Houses | London | £300 - £350 | £350 - £400 | £400 - £450 | |
Product Development Manager Daily rate |
Investment Banking & Brokerage Houses | London | £500 - £600 | £600 - £700 | £700 - £1,000 | |
Reconciliations Manager Daily rate |
Investment Banking & Brokerage Houses | London | £250 - £300 | £300 - £350 | £350 - £400 | |
Reconciliations Analyst Daily rate |
Investment Banking & Brokerage Houses | London | £180 - £200 | £200 - £240 | £240 - £280 | |
Regulatory Reporting Manager Daily rate |
Investment Banking & Brokerage Houses | London | £350 - £400 | £400 - £450 | £450 - £500 | |
Regulatory Reporting Analyst Daily rate |
Investment Banking & Brokerage Houses | London | £220 - £250 | £250 - £300 | £300 - £400 | |
Relationship Manager Daily rate |
Investment Banking & Brokerage Houses | London | £300 - £350 | £350 - £400 | £400 - £500 | |
Sales Support Manager Daily rate |
Investment Banking & Brokerage Houses | London | £300 - £350 | £350 - £400 | £400 - £450 | |
Sales Support Analyst Daily rate |
Investment Banking & Brokerage Houses | London | £200 - £220 | £220 - £250 | £250 - £300 | |
Settlements Manager Daily rate |
Investment Banking & Brokerage Houses | London | £250 - £300 | £300 - £350 | £350 - £400 | |
Settlements Analyst Daily rate |
Investment Banking & Brokerage Houses | London | £200 - £230 | £230 - £280 | £280 - £320 | |
Trade Finance Manager Daily rate |
Investment Banking & Brokerage Houses | London | £280 - £300 | £300 - £320 | £320 - £350 | |
Trade Finance Analyst Daily rate |
Investment Banking & Brokerage Houses | London | £180 - £220 | £220 - £250 | £250 - £300 | |
Trade Support Manager Daily rate |
Investment Banking & Brokerage Houses | London | £300 - £350 | £350 - £400 | £400 - £450 | |
Trade Support Analyst Daily rate |
Investment Banking & Brokerage Houses | London | £200 - £220 | £220 - £250 | £250 - £350 |
Download Your 2024 Banking & Financial Services Salary Guide for the UK.
Permanent, temporary and contract salary data for a range of Banking & Financial Services roles, as well as insights and advice to guide your talent strategies.
