Wealth advisers, compliance and risk management departments at financial companies are expected to continue to hire amid muted demand for banking and financial services workers in the second quarter, a report from recruitment consultants Robert Walter says.

Struggling European markets, higher funding costs and a cautious recruitment approach by companies is dampening hiring, according to Robert Walter.

However the company’s report forecasts more financial services jobs being advertised in Brisbane, Melbourne and Sydney, and that financial planners are still in demand.

The compliance and risk jobs that may be available are mostly at insurance companies.