Information Technology Audit/Technology Risk Management continues to be a very active subset of the broader Governance, Risk, and Compliance (GRC) market for talent.
Talent Demand: High
Talent Supply: Moderate
Active Industries: Banking, Financial Services, Insurance, Management Consulting, Investment Management, and Accounting
Long Term View: Accelerated and Continued growth/demand over the next 18 months due to increased concerns over cyber security, regulatory scrutiny, and corporate stakeholder pressure.
Information Technology Audit/Technology Risk Management continues to be a very active subset of the broader Governance, Risk, and Compliance (GRC) market for talent. On the demand side, companies across industry seek individuals with this skill set and requisite experience at all levels of their organization - which include mature functions and ‘build from scratch’ scenarios. Banking, financial services, insurance, investment management, accounting, and management consulting/advisory are the most active industry verticals as these companies are further along in the GRC spectrum with regard to their internal organizations. Looking forward, cyber security and third party risk management increasingly occupy the minds of shareholders, management, and regulators – need for qualified professionals will not subside any time soon. Supply of individuals with an IT Audit/Tech Risk background is relatively limited given the technical nature of the requirements and candidates are taking the time to sort through opportunities within both their current organization and any prospective employers. Compensation, opportunity for advancement, and increased responsibility are the primary drivers for candidates accepting new roles. Seasonal employment trends aside, we see the IT Audit/Technology Risk market heating up and will remain a ‘candidates’ market for the near-to-mid-term.
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