How working in the finance sector is changing
by Northern Life
The finance sector in the UK is experiencing a profound shift as technology, regulation and evolving business priorities reshape the way organisations operate and the roles they rely on. Traditional career paths are being redefined, and firms are seeking new combinations of skills to stay competitive in a fast-moving environment.
Keep reading as we outline key changes that firms engaged in finance and accountancy recruitment should be aware of, to adapt their hiring strategy for 2026 and beyond.
The rise of fintech and technology-driven roles
Technology has rapidly moved from a supporting function to the core of financial services strategy. Firms across banking, insurance, and asset management are increasingly hiring data analysts, cyber specialists, and engineers as fintech, artificial intelligence, and automation become central to everyday operations.
Recent data shows strong growth in hiring for fintech-aligned roles, reflecting demand for candidates who can develop digital products, analyse large datasets, and strengthen cyber resilience. As a result, the ideal candidate profile is shifting: programming knowledge, data literacy, and a comfort with automation tools are becoming just as valuable as traditional banking or accounting experience.
Finance employers now prioritise individuals who can bridge finance and technology, helping them innovate and remain competitive.
Changing demand in risk, compliance and regulatory functions
Regulatory expectations have tightened significantly over recent years, driving sustained demand for risk, compliance and financial crime specialists. Notably, fintech companies are now filling a rising share of these roles, demonstrating that regulatory compliance is no longer the domain of large banks alone.
This trend highlights the need for hybrid skill sets that combine financial understanding with expertise in AML, cybersecurity, and operational risk. For recruiters, this shift means assessing candidates not just for their familiarity with rules but also for their ability to interpret evolving regulations and work cross-functionally in fast-paced, tech-driven environments.
Regional shift and the continued importance of London
London remains the UK’s strongest financial centre, with hiring in the capital rising sharply in 2025. The city continues to attract significant investment, fintech scale-ups and global institutions, reinforcing its role as the nation’s primary finance hub.
However, firms are increasingly open to hiring across broader geographic regions, recognising that remote work and regional talent pools can support growth. Emerging hubs across the UK are creating opportunities for organisations to diversify where they find talent, ultimately offering recruiters greater strategic flexibility.
The growing importance of adaptability and tech literacy
The traditional formula of degrees, formal credentials, and industry tenure is no longer enough. Finance employers are placing greater emphasis on skill-based hiring, valuing adaptability, digital confidence and problem-solving above rigid qualifications.
As tools, regulatory expectations, and technologies continue to evolve, continuous learning and upskilling are becoming essential. Candidates who demonstrate curiosity, resilience, and the ability to master new systems quickly are increasingly favoured, reshaping modern expectations of what makes someone “ideal” for a finance role.
