City job vacancies rose 11% in January on last year, according to data from financial services recruiter Astbury Marsden.

The data shows vacancies rose from 4,920 in January 2010 to 5,440 last month.

Astbury Marsden’s chief operating officer Mark Cameron says: “Every sensible HR department and line manager goes into bonus season expecting some attrition but this year banks are planning on a lot more than usual.

“Most of these jobs being recruited for at the moment are there to deal with the churn of staff leaving for other employers rather than completely new roles being created.

“The market for bankers is much more buoyant than a year ago. Bankers have also lost their fear about moving to a new employer. During the credit crunch bankers were nervous about leaving a bank they knew well and where they had built up a lot of goodwill to start up with a new employer.”