Banking Jobs in London.
The past few months have seen people with banking jobs in London witness significant changes within the financial services sector.
From the unveiling of Basel III to the announcement that the Financial Services Authority is to be replaced with a new prudential regulator run as a subsidiary of the Bank of England, the face of the City landscape is changing. It could be argued that with this, banking jobs are evolving too.
Speaking at his first Mansion House address during the summer, chancellor of the exchequer George Osborne outlined just some of the changes those with banking jobs in London are likely to encounter over the coming months and years. "We should ... demand the highest levels of transparency from banks and encourage published stress tests where they have not taken place, for we know that concealing the truth is merely delaying the necessary adjustment."
Offering up his motivation for considering widespread change within the financial services sector, the chancellor said: "When the failure of certain banks have cost the country so much, people are rightly going to ask how to stop it happening again."
A new dawn for banking jobs in London?
While the last few years have undoubtedly been hard for those with banking jobs - and the economy as a whole - times could now be changing.
Late in the summer, the Group of Governors and Heads of Supervision, the oversight body of the Basel Committee on Banking Supervision, announced that they would be endorsing the new Basel III regulations. The new rules will force banks to hold top-quality capital amounting to seven per cent of risk-bearing assets - an increase on the previous two per cent.
The new rules have been largely welcomed by commentators within the financial services sector, particularly in light of a timeframe that gives banks until 2019 to raise their capital holdings. It is hoped that this new framework will limit the threat of a future economic crisis - something that many Britons may welcome in these times of austerity.
This security may be just what is required for bankers to begin looking not only to the future of the industry they work in, but also their own careers. If you now find yourself in this position and are keen to look for banking jobs in London, then a recruitment firm with a strong client base and years of experience within the financial services sector could be a good place to start.
Finding banking jobs in London for you
At Astbury Marsden, we pride ourselves on being experts in matching the best candidates with the right jobs. In terms of banking jobs in London, we specialise in a number of fields - including Investment Banking, Private Banking and Wealth Management.
Our team works with some of the world's leading investment banks, finding new talent to fill front, middle and back office roles. These positions are spread across all asset classes, including both revenue generating and infrastructure functions.
We also specialise in recruitment in the area of Private Banking and Wealth Management, covering infrastructure-based roles. We work with some of the leading European and US providers of both banking and financial services for individuals of high net worth, meaning we are always on the lookout for the best calibre candidates for the role.
At Astbury Marsden, we have a number of core values that we do not compromise on and abiding by these has helped us to maintain our award-winning and trusted reputation.
We believe in challenging both ourselves and the candidates who come to us as we feel this helps us to achieve more. Our team is energetic, enthusiastic and efficient and we abide by the work ethic of those with banking jobs in London - meaning that we do not walk away from a task until it is completed. This means that we always endeavour to put the needs and wishes of both our clients and candidates first.
This working style, teamed with our strong client relationships and core understanding of how the City works, has made us experts in our field. For these reasons, we hope you pick us when you are looking for banking jobs in London.
Be a specialist. Our preference is to be good at recruiting for a select range of clients in fields we know well.
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Insight and experience give us an advantage in finding the right people for you.
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