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 |
Asset Management & Private Banking | London | £50,000 - £55,000 | £55,000 - £60,000 | £60,000 - £85,000 | |
Asset Servicing Analyst |
Asset Management & Private Banking | London | £35,000 - £40,000 | £40,000 - £45,000 | £45,000 - £55,000 | |
Cash Management Manager |
Asset Management & Private Banking | London | £55,000 - £60,000 | £60,000 - £70,000 | £70,000 - £75,000 | |
Cash Management Analyst |
Asset Management & Private Banking | London | £35,000 - £45,000 | £45,000 - £50,000 | £50,000 - £55,000 | |
Client Onboarding Manager |
Asset Management & Private Banking | London | £55,000 - £60,000 | £60,000 - £70,000 | £70,000 - £85,000 | |
Client Onboarding Analyst |
Asset Management & Private Banking | London | £32,000 - £40,000 | £40,000 - £50,000 | £50,000 - £55,000 | |
Client Reporting Manager |
Asset Management & Private Banking | London | £65,000 - £75,000 | £75,000 - £80,000 | £80,000 - £90,000 | |
Client Reporting Analyst |
Asset Management & Private Banking | London | £35,000 - £45,000 | £45,000 - £55,000 | £55,000 - £65,000 | |
Client Services Manager |
Asset Management & Private Banking | London | £50,000 - £60,000 | £60,000 - £70,000 | £70,000 - £90,000 | |
Client Services Analyst |
Asset Management & Private Banking | London | £30,000 - £40,000 | £40,000 - £50,000 | £50,000 - £60,000 | |
Collateral Management Manager |
Asset Management & Private Banking | London | £60,000 - £70,000 | £70,000 - £80,000 | £80,000 - £90,000 | |
Collateral Management Analyst |
Asset Management & Private Banking | London | £35,000 - £45,000 | £45,000 - £50,000 | £55,000 - £65,000 | |
Data Analyst |
Asset Management & Private Banking | London | £35,000 - £40,000 | £40,000 - £45,000 | £45,000 - £50,000 | |
Senior Fund Accounting Manager |
Asset Management & Private Banking | London | £75,000 - £80,000 | £80,000 - £85,000 | £85,000 - £95,000 | |
Fund Accounting Manager |
Asset Management & Private Banking | London | £60,000 - £65,000 | £65,000 - £75,000 | £75,000 - £85,000 | |
Senior Fund Accountant |
Asset Management & Private Banking | London | £60,000 - £65,000 | £65,000 - £70,000 | £70,000 - £75,000 | |
Fund Accountant |
Asset Management & Private Banking | London | £35,000 - £45,000 | £45,000 - £50,000 | £50,000 - £60,000 | |
Fund Administration Manager |
Asset Management & Private Banking | London | £55,000 - £60,000 | £60,000 - £70,000 | £70,000 - £75,000 | |
Fund Administrator |
Asset Management & Private Banking | London | £35,000 - £40,000 | £40,000 - £45,000 | £45,000 - £50,000 | |
Head of Operations/COO |
Asset Management & Private Banking | London | £70,000 - £100,000 | £110,000 - £140,000 | £140,000 - £160,000 | |
Loan Closer |
Asset Management & Private Banking | London | £45,000 - £60,000 | £60,000 - £85,000 | £85,000 - £120,000 | |
Loan Operations |
Asset Management & Private Banking | London | £35,000 - £45,000 | £45,000 - £55,000 | £55,000 - £75,000 | |
Loan Operations Manager |
Asset Management & Private Banking | London | £65,000 - £75,000 | £80,000 - £90,000 | £90,000 - £120,000 | |
Operations Business Manager |
Asset Management & Private Banking | London | £55,000 - £60,000 | £60,000 - £70,000 | £70,000 - £90,000 | |
Performance Manager |
Asset Management & Private Banking | London | £60,000 - £65,000 | £65,000 - £75,000 | £75,000 - £95,000 | |
Performance Analyst |
Asset Management & Private Banking | London | £45,000 - £50,000 | £50,000 - £60,000 | £60,000 - £70,000 | |
Senior Portfolio Analyst |
Asset Management & Private Banking | London | £65,000 - £70,000 | £70,000 - £75,000 | £75,000 - £85,000 | |
Portfolio Manager |
Asset Management & Private Banking | London | £60,000 - £80,000 | £80,000 - £100,000 | £100,000 - £130,000 | |
Assistant Portfolio Manager |
Asset Management & Private Banking | London | £55,000 - £60,000 | £60,000 - £65,000 | £65,000 - £70,000 | |
Portfolio Analyst |
Asset Management & Private Banking | London | £35,000 - £45,000 | £45,000 - £55,000 | £55,000 - £70,000 | |
Private Banking Assistant |
Asset Management & Private Banking | London | £35,000 - £40,000 | £40,000 - £45,000 | £45,000 - £55,000 | |
Product Development Manager |
Asset Management & Private Banking | London | £50,000 - £60,000 | £60,000 - £75,000 | £75,000 - £90,000 | |
Reconciliations Manager |
Asset Management & Private Banking | London | £55,000 - £60,000 | £60,000 - £70,000 | £70,000 - £90,000 | |
Reconciliations Analyst |
Asset Management & Private Banking | London | £28,000 - £35,000 | £35,000 - £40,000 | £40,000 - £50,000 | |
Regulatory Reporting Manager |
Asset Management & Private Banking | London | £70,000 - £80,000 | £80,000 - £90,000 | £90,000 - £120,000 | |
Regulatory Reporting Analyst |
Asset Management & Private Banking | London | £35,000 - £45,000 | £45,000 - £60,000 | £60,000 - £80,000 | |
Relationship Manager |
Asset Management & Private Banking | London | £45,000 - £55,000 | £55,000 - £65,000 | £65,000 - £80,000 | |
Settlements Manager |
Asset Management & Private Banking | London | £55,000 - £60,000 | £60,000 - £65,000 | £65,000 - £70,000 | |
Settlements Analyst |
Asset Management & Private Banking | London | £30,000 - £40,000 | £40,000 - £50,000 | £50,000 - £60,000 | |
Shareholder Services / Transfer Agency Administrator |
Asset Management & Private Banking | London | £28,000 - £32,000 | £32,000 - £35,000 | £35,000 - £40,000 | |
Trade Support Manager |
Asset Management & Private Banking | London | £65,000 - £70,000 | £70,000 - £80,000 | £80,000 - £90,000 | |
Trade Support Analyst |
Asset Management & Private Banking | London | £30,000 - £40,000 | £40,000 - £55,000 | £55,000 - £65,000 | |
Transitions Manager |
Asset Management & Private Banking | London | £65,000 - £70,000 | £70,000 - £85,000 | £85,000 - £95,000 | |
Transitions Analyst |
Asset Management & Private Banking | London | £35,000 - £45,000 | £45,000 - £50,000 | £55,000 - £65,000 | |
Transfer Agency Manager |
Asset Management & Private Banking | London | £55,000 - £60,000 | £60,000 - £65,000 | £65,000 - £80,000 | |
Asset Servicing Manager |
Investment Banking & Brokerage Houses | London | £50,000 - £55,000 | £55,000 - £60,000 | £60,000 - £85,000 | |
Asset Servicing Analyst |
Investment Banking & Brokerage Houses | London | £40,000 - £45,000 | £45,000 - £50,000 | £50,000 - £55,000 | |
Cash Management Manager |
Investment Banking & Brokerage Houses | London | £50,000 - £55,000 | £55,000 - £65,000 | £65,000 - £75,000 | |
Cash Management Analyst |
Investment Banking & Brokerage Houses | London | £40,000 - £43,000 | £43,000 - £48,000 | £48,000 - £53,000 | |
Client Onboarding Manager |
Investment Banking & Brokerage Houses | London | £55,000 - £60,000 | £60,000 - £65,000 | £65,000 - £80,000 | |
Client Onboarding Analyst |
Investment Banking & Brokerage Houses | London | £35,000 - £45,000 | £45,000 - £50,000 | £50,000 - £55,000 | |
Client Services Manager |
Investment Banking & Brokerage Houses | London | £50,000 - £60,000 | £60,000 - £70,000 | £70,000 - £90,000 | |
Client Services Analyst |
Investment Banking & Brokerage Houses | London | £30,000 - £40,000 | £40,000 - £50,000 | £50,000 - £60,000 | |
Collateral Management Manager |
Investment Banking & Brokerage Houses | London | £65,000 - £75,000 | £75,000 - £85,000 | £85,000 - £110,000 | |
Collateral Management Analyst |
Investment Banking & Brokerage Houses | London | £35,000 - £45,000 | £45,000 - £55,000 | £55,000 - £70,000 | |
Data Analyst |
Investment Banking & Brokerage Houses | London | £35,000 - £40,000 | £40,000 - £45,000 | £45,000 - £55,000 | |
Head of Operations/COO |
Investment Banking & Brokerage Houses | London | £100,000 - £120,000 | £120,000 - £160,000 | £160,000 - £200,000 | |
Loans Manager |
Investment Banking & Brokerage Houses | London | £55,000 - £60,000 | £60,000 - £70,000 | £70,000 - £90,000 | |
Loans Officer |
Investment Banking & Brokerage Houses | London | £35,000 - £45,000 | £45,000 - £55,000 | £55,000 - £65,000 | |
Operations Business Manager |
Investment Banking & Brokerage Houses | London | £60,000 - £70,000 | £70,000 - £80,000 | £80,000 - £90,000 | |
Product Development Manager |
Investment Banking & Brokerage Houses | London | £50,000 - £60,000 | £60,000 - £75,000 | £75,000 - £90,000 | |
Reconciliations Manager |
Investment Banking & Brokerage Houses | London | £50,000 - £60,000 | £60,000 - £65,000 | £65,000 - £70,000 | |
Reconciliations Analyst |
Investment Banking & Brokerage Houses | London | £32,000 - £35,000 | £35,000 - £40,000 | £40,000 - £50,000 | |
Regulatory Reporting Manager |
Investment Banking & Brokerage Houses | London | £70,000 - £80,000 | £80,000 - £90,000 | £90,000 - £120,000 | |
Regulatory Reporting Analyst |
Investment Banking & Brokerage Houses | London | £40,000 - £45,000 | £45,000 - £60,000 | £60,000 - £80,000 | |
Relationship Manager |
Investment Banking & Brokerage Houses | London | £50,000 - £55,000 | £55,000 - £70,000 | £70,000 - £85,000 | |
Sales Support Manager |
Investment Banking & Brokerage Houses | London | £65,000 - £70,000 | £70,000 - £80,000 | £80,000 - £100,000 | |
Sales Support Analyst |
Investment Banking & Brokerage Houses | London | £35,000 - £40,000 | £40,000 - £50,000 | £50,000 - £60,000 | |
Settlements Manager |
Investment Banking & Brokerage Houses | London | £50,000 - £55,000 | £55,000 - £60,000 | £60,000 - £65,000 | |
Settlements Analyst |
Investment Banking & Brokerage Houses | London | £35,000 - £40,000 | £40,000 - £50,000 | £50,000 - £65,000 | |
Trade Finance Manager |
Investment Banking & Brokerage Houses | London | £50,000 - £55,000 | £55,000 - £65,000 | £65,000 - £75,000 | |
Trade Finance Analyst |
Investment Banking & Brokerage Houses | London | £30,000 - £32,000 | £32,000 - £37,000 | £37,000 - £45,000 | |
Trade Support Manager |
Investment Banking & Brokerage Houses | London | £65,000 - £70,000 | £70,000 - £80,000 | £80,000 - £100,000 | |
Trade Support Analyst |
Investment Banking & Brokerage Houses | London | £35,000 - £45,000 | £45,000 - £55,000 | £55,000 - £65,000 |
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.
