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The lowly-paid and unglamorous financial services roles in Ireland that are nonetheless difficult to recruit for and relatively prolific
The job is not easy, the work can be both technically difficult and involve dealing with stressed out and irate members of the public. Nor is it, in comparison with other financial services roles, amazingly well paid. It is, however, an area where numerous institutions are recruiting in voluminous numbers. Step forward the humble arrears [...]
Seriously Ireland, don’t worry about the UK’s hard-line stance just yet
The UK government’s decision to opt out of the new fiscal rules in the eurozone has its fair share of critics locally (even if it has won cautious approval from the electorate), but in Ireland there are concerns that thousands of jobs could be at risk as a result of the move. If the UK [...]
Stripping out the bureaucracy and increasing compensation at NAMA
NAMA needs to move away from its bureaucratic, public-sector mentality, embrace an entrepreneurial spirit, pay more to compete with the private sector and recruit another 200 staff. These are just a few of the recommendations in the (surprisingly brief) report by ex-HSBC chief executive Michael Geoghegan in his review of the way that NAMA operates. [...]
Financial services firms in Ireland are paying bonuses again! (But they are quite tiny)
Good news: 55% of financial services firms are intending to pay bonuses this year. Not such good news: they’ll probably be a maximum of 10% of your salary. A new bonus expectations survey by recruiters Morgan McKinley paints a picture of relative optimism when it comes to this year’s payouts. Nearly 30% of respondents said [...]
Tell us what you think of our new editorial site
It’s been a long time coming, but today we have a new editorial site. If you’ve accessed this article through the eFinancialCareers homepage, you may want to visit the eFinancialCareers editorial homepage in all its new glory by clicking here. There are various new features. These include: photographs; from now on, every article will have [...]
You could always try working for the Department of Finance
This is not a great time to be working in the public service: there are plans to reduce staff levels from 300,000 currently to 282,500 by the end of 2015 and this is amid another period of austerity, as the government looks to cut spending by €1.4bn next year. The Department of Finance is not [...]
The ongoing opportunities within electronic trading houses in Ireland
Ireland’s financial sector isn’t renowned for its front office expertise, and both asset managers and the capital markets divisions of domestic banks have been scaling back recently. However, there’s one area where opportunities continue to present themselves locally – within the electronic prop trading firms based in Dublin. The likes of SIG Susquehanna, Virtu Financial [...]
GUEST COMMENT: Why the new competency requirements will make financial sector recruitment decidedly more drawn out
Next year, job-seekers in Ireland’s financial services industry don’t just have to worry about the buoyancy of the market, they will also have to deal with employers’ increasing stringency when it comes to recruiting new staff. From December, the vast majority of people working in the financial services (with the exception of call centre staff) [...]
AIB’s new chief executive is the ideal candidate for restructuring
AIB finally has its man. After a prolonged search for a new chief executive, the bank revealed that David Duffy was set to take the post – and all without breaching the government’s €500k pay cap. For AIB employees, the appointment is a bit of a double-edged sword; on the one hand there’s a new [...]
Do AIB employees finally have a little to cheer about?
Morale within AIB has been at a low ebb since the crisis really took hold two years’ ago. As well as the long-term threat of redundancy – the 2,000 cuts announced in April have still not been finalised – and cancelled bonuses, the bank had been overlooking its existing staff for promotion whenever a more [...]
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