Huge flow of new Financial Services roles into the Irish market

Samuel Hendry 16.08.2018

Highest ever demand of Investment Banking product knowledge from employers within the financial services sector.

The summer months have seen some interesting developments in the Financial Services sector. Our specialist recruitment consultants have provided us with their expert insights which we have compiled into our Summer Jobs Market Review for the Financial Services sector.  This review aims to give you an overview of the financial services market in general, take a look at some recent job announcements within the industry, identify the most frequent roles placed by region and the highest paying placed roles as well as the most desirable skills and qualifications sought after by hiring managers at the moment. 
Highest ever demand of Investment Banking product knowledge from employers within the financial services sector.

There has been a huge flow of new roles coming into the Irish market, and in particular in Dublin. Custody & Asset Servicing, Global Banking and Insurance have been the most active sectors in terms of hiring within the industry. This has resulted in the highest ever demand for Investment Banking product knowledge and International searches for talent. There is a restricted candidate market because of this increase in demand and shortage of qualified professionals.The salary expectations of talented individuals has risen due to above factors also.

The upcoming Brexit have firm's committing to hiring at varied levels/scales over next few months but there is still a feeling of uncertainty across the market. On the senior appointments side of things, there are a lot of senior roles which have rarely been seen before in the Irish market. These roles are hiring for a skill set which historically was not found in Dublin at such a senior level.

In terms of job announcements, financial services firm Fintru is set to create more than 600 new jobs as part of a €43 million expansion programme. Barclays have launched the first phase of a recruitment drive which will lead to upto 150-200 jobs being created at their Dublin headquarters. The London-based financial services company unveiled their plans last year that Dublin would be their main EU hub outside of London. Bank of America Merill Lynch are also aiming to relocate 125 jobs to Dublin in preparation for the UK’s exit from Brexit in 2019. 

Huge flow of new Financial Services roles into the Irish market


Most in demand roles by region:

Dublin:

  • Risk Professionals,
  • Compliance Professionals,
  • Fund Accountants,
  • Business Transformation Individuals

Waterford:

  • Fund Accountants ,
  • Financial Reporting teams,
  • Risk and Compliance requirements
  • Highest Paying Roles - our teams have placed
  • Head of Compliance - Asset Management
  • Global Head of Internal Audit - Insurance
  • Head of Projects - Fund Services
  • AML Manager role S.E. €60k
  • Fund Accountant (Officer Level) €52k


Skills and Qualifications

The most desirable skills and qualifications that organisations are looking for within Financial Services are Compliance Advisory, Fund Accounting and Risk Management (specifically within Investment Banking). Anti-money Laundering managerial and administration skills are also vital within funds. 
 

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