IE
Tag: Credit Risk
Is Irish Life & Permanent now the place to be?
Life is still far from entirely rosy at Irish Life & Permanent, but as the only domestic institution to escape any sort of state ownership, it looks a safer bet than most other banks. Should you therefore be considering a move there? In order to meet the Irish Central Bank’s new capital requirements of 12% [...]
Irish bankers take contract roles to secure salary increases
Bankers in Ireland are increasingly leaving the security of their full-time position for a long-term contract role in a bid to secure the pay rise and promotion that is proving so illusive in their current post. The ongoing permanent recruitment freeze within Irish banks means that the majority of jobs on offer are on 12-18 [...]
There’s more risk recruitment to come
The Central Bank (among others) has spent the last week recounting how the risk management failures within Ireland’s large domestic institutions led to the country’s banking crisis. The domestic banks have supposedly been strengthening their risk functions over the last 18 months, meaning it has been the place to work during the economic downturn. But [...]
Financial services job vacancies appear to be on the up again
Positive sentiment around the Irish financial services job market is still a relatively rare beast, so it’s reassuring to see that the number of new vacancies is heading in the right direction again and that firms are now committing to permanent hires. According to figures from Irish recruiters Premier Group, financial services vacancies on its [...]
Irish financial services 2009: Good year vs bad year
Two words can be used to largely sum up the financial services jobs market in Ireland this year – hiring freeze. While it’s true that the vast majority of sectors suffered, some managed to fare well in the face of adversity. 2009 has been a good year for… Insurance: The number of new jobs created [...]
Do bankers create less value than cleaners?
A report from a Marxist ‘left leaning’ think tank, the New Economics Foundation (NEF), is causing a fuss this morning. Purporting to measure the ‘social value’ created by various jobs, it comes to the entirely predictable conclusion that bankers earn a lot and contribute nothing (in fact, make a negative contribution) to society. Witness the [...]
GUEST COMMENT: Bright spots within a bleak job market
When a large number of financial services firms in Ireland enacted recruitment freezes towards the end of 2008, many thought this was likely to be a short-lived phenomenon. But, in spite of some improved sentiment around hiring activity in Q3 2009, few firms are showing any real signs of expansion. There are, however, some sectors [...]
Five sweet spots in the Irish financial jobs market
After nearly a year of gloom surrounding Ireland’s financial services jobs market, there are some glimmers of hope beginning to emerge and May was the busiest month of the year so far. However, the jobs that are being created are increasingly niche. “If you compare the financial jobs market to 12 months ago, it’s still [...]
Regulator’s intrusive approach creates more jobs
When Ireland’s financial regulator created 20 supervisor positions to oversee the six domestic banks covered by the state guarantee scheme, it attracted 700 applications. Now, it’s turning its attention to foreign firms. The regulator is recruiting for a further 20 positions to focus on “more intensive supervision” of foreign-owned banks and financial firms. Clearly, considering [...]
Surge in contractor hiring in wake of perm freeze
Recruitment of permanent financial services staff in Ireland might currently have all the dynamism of a sloth on sedatives, but contractor hiring has seen a slew of activity, at least according to new research. Despite the current grim situation, recruitment firm Robert Walters reckons that financial services companies in Ireland have one eye on future [...]
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