The bar is raised for banking operations jobs candidates in 2012

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A quarterly report, created by recruitment professionals at Randstad Financial and Professional finds that the banking operations jobs market will remain difficult for candidates in 2012.

The banking operations jobs market continues to prove challenging to candidates, Randstad Financial and Professional’s latest market research has shown.

The quarterly report, compiled from research gathered from the views of industry consultants and recruitment statistics, has found that the application process for banking operations jobs applicants this year is set to be no less demanding than in 2011. In an extremely competitive jobs market, employers are looking for proof of highly specific skill sets.

This is, in part, due to increase in demand for specific technical roles – notably structured derivatives and on-boarding.

Another reason for more being expected from potential candidates is the dramatic 80% decrease in available roles from this time last year. Q1 is traditionally a busy period, however, the banking operations jobs market continues to be affected by uncertainty in the Eurozone, in addition to the traditional compensation season and budget period fluctuations in the sector.

There does appear to be some light at the end of the tunnel. Market intelligence suggests that things are set to improve moving into Q2, as the industry responds to regulatory changes within the market. One key area that has affected the operations space is the Dodd Frank regulation, and as a result, many firms will be looking to recruit candidates with experience in operational control and regulatory reporting.

Randstad has also seen a number of the larger firms recruiting at the more senior level, as well as some activity within the smaller houses, as well the hedge fund market.

About Randstad Financial and Professional
Randstad Financial & Professional is the specialist recruitment firm for accountancy & finance, financial services and legal professionals within the UK. We have a strong track record across permanent, temporary, contract and interim recruitment across the financial and legal industries.

We work with the world's greatest employers in the private and public sector and every day we handle thousands of career opportunities, from entry level positions to heads of department.

At Randstad Financial & Professional we pride ourselves on being the ideal recruitment partner. We offer an honest and open service, coupled with the experience that over thirty years of professional services recruitment brings across a network of UK offices. For more information see http://www.randstadfp.com.

About Randstad
The Randstad group is one of the leading recruitment & HR services providers in the world with a top five position in the UK and a top three position in fifteen countrie including the US, France and Germany. In the UK, Randstad’s business lines serve the public and private sectors across Accounting and Financial services; Business Support; Construction, Property and Engineering; Education; Health and Social Care; Interim Management and Search; Human Resources; IT; Legal; Retail; Sales, Marketing and Creative; Student and Worker Support and In-House and Managed Services. At the end of 2011, Randstad had 1,930 corporate employees in the UK, working in 255 locations. UK revenue in 2011 was €789 million. Randstad was founded in 1960 and is headquartered in Diemen, the Netherlands. Randstad Holding NV is listed on the NYSE Euronext Amsterdam. For more information see http://www.randstad.co.uk and http://www.randstad.com.

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