Demand for banking jobs in London 'at pre-recession levels'

The UK's financial services sector is showing ever-increasing signs of recovering, with a new report revealing that job vacancies in the City have reached pre-2007 levels.

According to the report by recruitment firm Ambition, demand for suitable candidates to fill banking jobs in London and other City roles has increased, proving the company's April forecast that vacancies would reach pre-recession levels by the end of the year to be true.

Indeed, the number of available vacancies within the financial services industry is now 260 per cent higher than in the first quarter of 2009.

It was also found that applicants with experience in marketing, product management, back office, performance analysis, finance and risk and compliance are in particularly high demand.

Commenting on the findings, Tim Gilbert, UK managing director of Ambition, said the number of skilled applicants is currently outweighed by available positions - with 11 jobs to every ten applicants in the City.

"The City job market has strengthened significantly over 2010 and candidates are much more confident about their prospects. As a result they’re being tempted away from the roles they felt lucky to have 12 months ago," he added.

Elsewhere, this week's Recruitment and Employment Confederation and KPMG Report on Jobs has revealed that overall, there was a continued slowdown in the growth of recruitment activity last month.

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