Smart data schemes widen the UK finance hiring brief

Smart data schemes are pushing financial-services firms to hire for a broader mix of regulated, data and product skills, reshaping the briefs recruiters now write.
Author

Jen May

Job Title

Chief Customer Officer

What does the state of financial-services hiring look like now?

Financial-services hiring is tilting towards higher-skilled, regulated roles. The government's own analysis found that in the sector, recruitment was generally for Regulatory Qualification Framework (RQF) 6+ roles, rather than RQF 3 to 5 the GOV.UK Temporary Shortage List: Stage 2 report (2026). In plain terms, RQF 6+ sits at degree level and above, so firms are reaching for more experienced, more qualified people to fill their briefs.

That matters because smart data schemes, which let customers share their financial data securely with trusted providers, open up new products and services. Building and governing those services needs people who understand both the rules and the technology. So the demand for senior, qualified talent that the Stage 2 report describes the GOV.UK Temporary Shortage List: Stage 2 report (2026) lines up with where the work is heading.

Which roles and dynamics are shaping the brief?

As the data and product side of finance grows, the brief widens beyond the traditional finance skill set. Firms want people who can design data-sharing products, manage consent and permissions, meet regulatory standards and keep customer trust. The weight towards RQF 6+ roles in the sector the GOV.UK Temporary Shortage List: Stage 2 report (2026) signals that these are not entry-level posts: they ask for depth and judgement.

  • Regulated roles that sit across compliance, risk and governance.
  • Data and engineering roles that build and secure data-sharing services.
  • Product roles that turn shared data into something customers value.
  • Hybrid roles that blend regulatory knowledge with technical fluency.

The dynamic to watch is overlap. A single brief now often spans two or three of these areas at once, which makes the right hire harder to define and harder to find.

How can you hire well in financial-services today?

Start by writing the brief around outcomes, not just job titles. If a role mixes regulatory knowledge with data skills, say so plainly and rank what matters most. Given the tilt towards RQF 6+ roles across the sector the GOV.UK Temporary Shortage List: Stage 2 report (2026), be clear about the qualifications and experience you genuinely need, and the ones you can develop in post.

Then move quickly. Senior, qualified people have options, so a slow process loses them. Shortlist on the skills that drive the role, keep interviews tight and focused, and give fast, honest feedback. Widening the brief should not mean widening the wait.

Where do we fit?

When the brief spans regulated, data and product skills, matching gets harder, and that is where we help. Our recruitment agent manages recruitment end to end for 8% on a successful hire, with no monthly fee and no upfront cost, through Reed.ai. That proposition is built around one thing: finding the right person for a role that is harder to define. Tell us what the brief needs today and we will get started.

Sources

Jen May
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