IE
Tag: Senior Management
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) [...]
The downs (and now ups) of Ireland’s fund industry job market
Ireland’s funds industry lost nearly 750 jobs from the peak of 2008 to the end of last year, with most major houses cutting their cloth as the financial crisis hit home and assets under administration tumbled. Now, however, employment is on the up. The Irish Funds Industry Association has supplied us with the latest employment [...]
Ireland’s banking crisis laid bare
Excessive remuneration, a lack of skills in the financial regulator, irresponsible lending and a “national blind-spot” for property acquisition were all to blame for Ireland’s distinctly “home-made” banking crisis. By now, the reasons behind Ireland’s banking woes should be evident to most people locally, but international experts have just released a highly critical report – [...]
The renewed appeal of working in the IFSC
With employment opportunities within domestic banks obviously rather scarce, firms in the IFSC are currently providing the bulk of the Irish financial services jobs. Not surprisingly, they’re proving rather popular. The hiring freeze continues within Ireland’s big banks, but after a difficult period it’s the international firms in the IFSC that are creating jobs again. [...]
EDITOR’S TAKE: Income tax could dent Ireland’s appeal
It’s all very well keeping the ‘shop window’ corporation tax rate at 12.5%, but the tough stance on income tax in Ireland’s emergency budget could have the unintended consequence of erecting a stumbling block to the flow of foreign financial services firms entering the country. Just to clarify, the income levy – controversially imposed in [...]
More and more jobs in reinsurance
It might not compensate for the jobs being lost in other areas of financial services, but Ireland is continuing to attract new reinsurance entrants to its shores and existing players are looking to build up their teams. Ireland is currently home to some major reinsurance firms who have set up in last 18 months or [...]
First Active job cuts were always on the cards
It might be scant consolation for the 750 people facing redundancy at First Active building society, but with parent company RBS slashing costs where it can, it was always likely to fall by the way-side. This hasn’t stopped unions attacking the decision, though. RBS has both the Ulster Bank and First Active brands in Ireland, [...]
Anglo Irish slashes bonus and salary costs, but no layoffs
Anglo Irish Bank has halved its bonus costs and is freezing pay in the wake of a 37% slump in profits. Top executives will get no bonus and are also facing pay cuts as the bank sliced 17% off operating expenses this year. Pre-tax profits at the bank fell to €784m for the year to [...]
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