The number of City of London financial jobs soared in August with the number of new jobs created up a whopping 34 per cent compared to September, according to UK-based financial services recruiter Astbury Marsden

The number of City of London financial jobs soared in August with the number of new jobs created up a whopping 34 per cent compared to September, according to UK-based financial services recruiter Astbury Marsden.

Astbury Marsden said 3,470 new jobs were created in the City in September compared to 2,580 in August, up 46 per cent from the 2,380 new roles created in September 2013.

“The City jobs market performed strongly in September. The key decision makers have now returned to their desks after the summer to buoyant markets, which means many of the hiring decisions that have previously been put off have now been pushed through,” said Adam Jackson, director at Astbury Marsden.

Jackson said that while back office areas like risk control, regulatory compliance and technology were high on the agenda in the City in September, many employers now feel that the time is right to drive business growth by building up their revenue earning teams.

“As the IPO and M&A markets heat up, this will have a positive knock on effect on hiring in equities trading, broking and corporate finance departments,” said Jackson.

According to Astbury Marsden, many of the large investment banks are hiring staff that can help identify and counter threats to the security and integrity of their IT infrastructure.

This follows a recent investigation launched by the Federal Bureau of Investigation and the Secret Service, which are currently working together to determine the scope of recently-reported cyber attacks on JP Morgan and several other financial companies in the US.

“The cyber security jobs market has grown rapidly in recent months and the banks are actively recruiting information security specialists to shore up their technology teams. Firms are now realising just how damaging a cyber-security attack can be on what is a core asset and competitive differentiator - their data,” said Jackson.