Operations Market Update

BRUIN Financial

Q3 has been a positive and relatively buoyant one for operations across both the permanent and temporary markets. There have been many newly created roles as well as significant movement in the market which has led to replacement hires. Counter-offers have become increasingly commonplace as companies look to hold onto their best talent. As a result, competition for top tier talent is tough; and the strongest candidates are likely to receive multiple offers. In additional to this, during the holiday season the recruitment process tends to be slower as more of the decision makers are away. This can cause the interview process to lose momentum and increases the risks of candidates dropping out. Clients with a streamlined and efficient

recruitment process have benefitted over the last quarter and have enjoyed greater success securing the candidates they need. With more roles on the market, clients are happier to look at candidates with the right fit and some transferable skills rather than like for like experience. These candidates are less likely to be susceptible to counter offers due to the clear progression they see in moving. There has been a rise in salaries for candidates moving between roles. This is caused by the increase competition for candidates but also candidates and clients having more confidence in the market after sitting tight during some tougher years in the recruitment market.

Q3 Newsletter, 2014

Client Testimonial

"I have been extremely

impressed with the work that

BRUIN Financial have carried

out for us.

The consultants are

professional, thorough and

understand our business

needs.

The quality of the candidates

they have is fantastic, as is

their ability to deliver on time.

I would recommend BRUIN

Financial, especially on posts

that are often not

straightforward and has most

recently helped in a somewhat

difficult situation.”

Q3, Market Overview

We have seen increased hiring levels over the last quarter, especially after the usual slowing of the recruitment process during the summer months. We anticipate that the last quarter of 2014 will continue to be buoyant for operations, with employers looking to place roles in this year’s budget.

Q4 often presents challenges getting candidates to move as bonus season approaches; this is especially true for candidates at the higher end. Clients have recognised this and have been looking at solutions such as bonus buy-outs or an increase in basic salary.

Predictions

1

With regards to the temporary

market, we expect to see employers

prepare for the busy ISA and Asset

Servicing season which will

commence in Q1 2015. Given this,

we anticipate an increased demand

for candidates towards the latter

part of Q4 in order to allow for

adequate training etc. Similar to the

permanent market there will be an

continued interest in candidates

with regulatory knowledge and

experience and which we anticipate

will remain throughout 2015.

Temporary & Contract Recruitment

2

Candidate Testimonial

“All the BRUIN consultants

really get to know you as a

candidate.

They understand your

needs/requirements and

only contact you with jobs

that fit your preferences.

With BRUIN the jobs are

always of a high standard

and in line with my career

progression.

My consultants were very

knowledgeable of the

companies I was

interviewing with and I

would always recommend

BRUIN to those looking for

new roles.”

Candidate Testimonial

“BRUIN kept regular contact

and I didn't feel like I was

just another jobseeker.

In terms of contractual

arrangements they have

been seamless and efficient.

Something not industry-

wide in my experience.”

Jonathan Ross

Permanent Recruitment

Jonathan.Ross@bruinfinancial.com

02031453367

Rosie Gowan

Temporary Recruitment

Rosie.Gowan@bruinfinancial.com

02031453378

Vijay Hassani

Temporary Recruitment

Vijay.Hassani@bruinfinancial.com

02031453373

There was a noticeable increase in

roles available in the Asset Servicing

area at various levels this quarter;

this is caused by the upcoming

dividend season. Though rather than

this increase being mostly confined

to the temporary market, clients

have this year increasingly looked to

bring on candidates permanently in

this area; showing more confidence

in the market in general.

Continuing the focus on regulation

there was a high number of roles

looking for strong knowledge and

experience around regulatory

reform in DODD FRANK, EMIR or

MIIFID. This will continue to be a hot

area and the more knowledge

around regulation an operations

candidate has the more in demand

they are.

Another area we have seen more

roles in at various levels is the

Collateral Management area, this is

likely due to recent tighter

regulations in the area.

As hiring levels increase this quarter,

clients have been looking for keen

top-tier graduates to come in with

less experience to come in as they

look to build for the future. Due to

hiring at the junior level there have

been a number of newly created

roles at the VP level as clients look to

take on more senior people to cope

with more at the associate and

analyst level.

Overall these areas have helped

create a buoyant market in

operations over the quarter.

For more information or a discussion about your hiring needs please contact:

BRUIN Contacts

Role Profiles