Wall Street & Technology: Blog: The Money's in MiFID

The Money's in MiFID

U.K. recruitment firm Joslin Rowe released a notice this week of what it is calling a "recruitment timebomb" for MiFID consultants. With just nine months to go before EU financial institutions are expected to be compliant with the Markets in Financial Instruments Directive, demand is soaring for experts who can help firms reach compliance.

Joslin Rowe has seen a 20 percent increase in the number of temporary compliance jobs focusing on MiFID in the last two months, reports Michelle Myers of Joslin Rowe, in a release. "It's becoming a hotbed of compliance recruitment across the temporary market as financial institutions scramble to get the right people on board immediately. As a consequence, multiple compliance job offers are becoming commonplace and contract rates are rocketing."

The recruiter estimates that MiFID alone will create as many as 1,200 temporary jobs in London. Even permanent employees are taking on temporary contracts to cash in on the exorbitant wages, which run about $1,300 to $1,500 per day.

So what of it? Any MiFID-savvy readers out there considering taking on a temporary consulting gig? Would any of you U.S.-based experts be willing to hop across the pond for a year or so to pad your savings? Leave your thoughts in the Comments section.

Posted by Cory Levine at 03:38 PM

This is a public forum. CMP Media and its affiliates are not responsible for and do not control what is posted herein. CMP Media makes no warranties or guarantees concerning any advice dispensed by its staff members or readers.

Community standards in this comment area do not permit hate language, excessive profanity, or other patently offensive language. Please be aware that all information posted to this comment area becomes the property of CMP Media LLC and may be edited and republished in print or electronic format as outlined in CMP Media's Terms of Service.

Important Note: This comment area is NOT intended for commercial messages or solicitations of business.

Greg MacSweeny Columns

Greg MacSweeney
15 Percent of FX Trades Could be Completed With Algorithms by 2010
Market participants are rapidly adopting electronic trading strategies in FX market, says ...

Measurisk Joins JPMorgan’s Alternative Investment Services

Thomson Reuters Links Portfolio Management and Reference Data Systems

Wall Street Plays Musical Chairs With C-Suite Executives

Larry Tabb Columns

Larry Tabb
Now Is the Time for Firms to Position Themselves for the End of the Economic Downturn
Downturns happen -- the industry will survive. But firms need to adjust to changing market...

Clearing and Settlement Top-of-Mind for Front-Office Execs

Risk Management IT Comes to the Forefront in the Wake of Subprime Credit Crisis

In a Tumultuous Economy, Wall Street Must -- and Will -- Find a New Model

CHECK THIS OUT

Novell Real Time Linux Webcast Series
In order to succeed, companies must be able to respond quickly, deliver superior value and quality of service, and carefully manage their costs. In this series of brief webcasts, you will learn how SUSE Linux Enterprise Real Time from Novell enables organizations to respond quicker by delivering low latencies, deliver increased value with fast response times, and better manage costs.