Internal Audit - Year Review 2018


Dan Drake Audit, Permanent, Contract...

As 2018 has unfolded, the shadow of Brexit has loomed ever larger over financial markets and internal audit recruitment hasn’t proven immune to the unique challenges presented by the ecopolitical landscape we find ourselves operating in.

I’m used to reporting that one certain institution / a couple of institutions have really driven the audit market in terms of having large swathes of open headcount; but whilst the permanent market has been active, the focus has been on niche, specialist skills rather than amassing bodies in response to heightened regulatory demands

Skills we have witnessed in consistent and prominent demand throughout 2018 include…

  • Counterparty Credit Risk
  • Risk Capital (ICAAP, Capital Management, Stress Testing, Risk Models, Risk Data Aggregation)
  • Model Risk (especially Valuations)
  • Compliance / Conduct
  • IT Audit (Data Analytics, Cyber Security, Change & Transformation, Infrastructure)

What has been most noticeable in the 2nd half of the year has been the unprecedented demand we’ve seen emerging in the internal audit contract market. With so much uncertainty around Brexit and the future strategic direction / geographic footprint of institutions, many firms have sought refuge in shorter-term outsourced / co-sourced IA solutions to address immediate resourcing needs. 

We expect this market trend to be sustained into 2019, essentially until there is any clarity around Brexit and institutions commit to a go-forward strategy.

Call us on +44 (0)203011050 if you wish to know the opportunities available at the moment.