IE
Sector: Derivatives
GUEST COMMENT: Why I quit finance for stand-up comedy (and the stigma of being a banker in Ireland)
Working for Bear Stearns in Tokyo as a derivatives specialist wasn’t without its benefits. My expat status afforded a generous salary, a $50k a year apartment and supported a holiday home with a swimming pool in Florida. But, by early 2007, cracks were already beginning to show at Bear. I remember the head of equity [...]
Dublin financial services recruitment booming no more
The number of people employed in Ireland’s financial services industry now exceeds 25,000, but recruitment in the banking sector nearly ground to a halt last year. The banking sector increased its headcount by just 2.6% in 2007, or 289 appointments, according to the 2008 Finance Dublin Yearbook. This follows a bumper 2006 when nearly 3,000 [...]
Bumpy road back to Dublin
The credit crunch means Irish derivatives specialists working in London want to come home. Ronan Colleran, a director of recruitment firm Accreate in Dublin, says that in the past two weeks he has received numerous calls from Irish derivatives people in London concluding it’s time to head home because the market is running out of [...]
Hedge fund administrators hunt derivatives expertise
With products such as collateralised debt obligations ever harder to value, Ireland’s hedge fund administrators are crying out for derivatives knowledge. “With minimum investments much higher than those in traditional funds, administrators who work with hedge funds need to be extremely risk-aware; they’re dealing with significant quantities of money,” says Lorraine Shine of recruitment firm [...]
Time for derivatives traders to trade up?
Bank of Ireland is one of several companies scrambling to recruit staff in the small but ever-growing derivatives sector. “A new Dublin team was formed towards the end of last year specifically to carry out back-office functions for our US office. This team supports all products traded by the US office, including derivatives. Salaries are [...]
Asset-backed hiring on the increase
Domestic banks, finance houses and investment banks in Dublin are raising their game – and their salary levels – to lure candidates for securitisation roles. “The Dublin securitisation sector has traditionally been dominated by German institutions (whether as investors or as structurers). But domestic banks are building up their securitisation presence with the launch of [...]
Ireland luring back lost derivatives talent
Ireland’s booming banking sector is becoming increasingly able to lure back talent from the City of London and Wall Street by offering comparable, or near comparable, salaries and bonuses. Demand for derivatives specialists, fuelled in part by strong growth in the credit market, is particularly tight at present, say recruiters. “The Irish financial sector is [...]
Pay for derivatives documentation hires up
As investment banks commit to expanding their operations in Ireland, pay for employees is on the rise, especially for back office derivatives roles. “There is a lot of demand in Ireland as half of the top thirty investment banks have operations here, with many of them concentrated on the operational back office functions,” says Andrew [...]
Dublin looks abroad for accountants
Demand is outstripping supply for accountants in Dublin’s booming financial services industry. As a result, many companies are casting their nets wider than the country’s borders and looking to the UK, New Zealand and Australia for experienced recruits. Carole Brown, director of CareerWise Recruitment in Dublin, says the rise of Dublin as a prominent offshore [...]
Global custody hiring surging ahead
It may not be a repository of the most exciting and well paid jobs in financial services, but when it comes to sheer appetite for staff, there is little to rival the global custody industry. As things stand, the custody industry already employs tens of thousands of people globally. At the end of last year, [...]
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