A general shortage of financial services professionals has resulted in an increase in counter offers..

Samuel Hendry 18.10.2018

As Q3 comes to a close, our specialist recruitment teams have provided insight into the jobs market within Financial Services.

In this Q3 Review, we will be looking at; an overview of the financial services market in general, the most frequent roles placed across the country, highest paying roles our specialists have placed and some workplace insights surrounding flexibility, workplace wellness and workplace benefits. 

There has been strong growth in new jobs in the market across all disciplines with   big spike in Business Transformation opportunities connected to Brexit. As well as this, continued regulatory pressure has led to more vacancies across Governance. There has been lots of interest from overseas candidates with returning Irish talent being commonplace, however, there is a general shortage of candidates in the market, leading to an increased number of counter offers all round. 

In terms of job announcements, Intertrust Ireland have announced they will create 60 new financial services jobs over the coming years in the capital. Meanwhile, Irish financial services group Fexco is set to create over 175 new jobs in their Killorglin headquarters in Co.Kerry. In the North, professional services firm Grant Thornton are set to recruit for 48 new roles in Belfast, including economic experts. Fund manager Ashmore are also set to open an Irish office as part of their Brexit plans which will result in a number of new roles within the industry.



Most Popular Roles Nationwide:

  • Project Manager 
  • Fund accountant - continued growth in what is always a strong market
  • Risk Manager due to regulatory pressure on all companies

Highest Paying Roles - Our Teams Have Placed:

  • Head of Compliance in Banking at €120k
  • Management Consultant in Practice at €110k
  • Head of Finance in Payments at €140k

Workplace Insights

Flexibility

Within Financial Services, the roles which have the most flexibility are Project Manager and Junior Fund Accountant who more frequently receive flexible hours and the ability to work from home. 


Workplace Wellness

This is increasingly a priority for a number of larger companies, as they continue to offer further benefits to attract professionals in an ever tightening market.


Benefits

There are no real unique benefits within the Financial Services industry, just the usual flexible financial benefits and bonus potential gradually coming back into play.


 

Samuel Hendry's picture
Director | Financial Services Recruitment
shendry@morganmckinley.ie

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