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Future-Proofing Your Career: In-Demand Skills & Salary Trends in the Irish Financial Sector
Future-Proofing Your Career: In-Demand Skills & Salary Trends in the Irish Financial Sector
The financial services sector in Ireland has seen a mixed picture in 2023. While overall employment growth had slowed compared to 2022, there have been pockets of strong demand for certain skills and roles.Key TrendsSkills Shortage: There is a shortage of skilled talent across the market, particularly at the supervisor, assistant manager, and manager levels. This has led to companies moving quickly to secure top talent and has increased the prevalence of counteroffers.Central Bank Guidelines: The Central Bank's new guidelines have increased demand for candidates with experience in compliance and risk. There is a particular demand for candidates at a more senior level in PCF-approved positions.Sought-After Talent: The most sought-after talent in 2023 has been in the following areas:Private equityDepositaryCompliance & riskPension administratorsFinancial advisorsSustainability/ESGInsurance Market Growth: The insurance market has continued to grow in 2023, with a number of institutions setting up new functions or growing existing ones in Ireland. This has led to a high demand for candidates in areas such as claims, commercial account executives, underwriting, and loss adjusting.Legal Market Strength: The legal industry remains strong, with a demand for skilled legal professionals across a range of sectors. The most in-demand legal roles include legal counsel, corporate lawyers, company secretaries, funds lawyers, and DPOs.Salary TrendsIncreasing Salaries: The increase in demand for candidates and the shortage of skills have led to rising salaries across the financial services sector. Counteroffers are also becoming more common as companies compete to retain their staff.Faster Hiring Processes: The time it takes to hire a qualified candidate has shortened as candidates have more opportunities available to them. Companies that can move quickly through the hiring process are more likely to secure top talent.Shift Back to In-Person Interviews: There has been a shift back to in-person interviews, which can provide a better candidate experience and increase buy-in from candidates.Advice for JobseekersStay up-to-date on the latest skills and trends: The financial services sector is constantly evolving, so it is important for jobseekers to stay up-to-date on the latest skills and trends. This can be done by attending industry events, reading industry publications, and taking online courses.Network with people in the industry: Networking is essential for jobseekers in the financial services sector. Attend industry events, join professional organizations, and connect with people on LinkedIn.Be prepared to negotiate your salary: With the increase in demand for candidates, jobseekers are in a stronger position to negotiate their salaries. Be prepared to do your research and understand your worth in the market.
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Fintech skills in demand
Fintech skills in demand
The fintech industry is one of the fastest-growing industries in the world, and the demand for skilled professionals is high. As fintech companies continue to innovate and develop new products and services, they need employees with a variety of skills, including:Technical skills: Fintech companies need employees with strong technical skills, such as software development, data science, and cybersecurity. These skills are essential for developing and maintaining fintech products and services.Financial skills: Fintech companies also need employees with strong financial skills, such as accounting, finance, and risk management. These skills are essential for understanding and managing the financial aspects of fintech products and services.Business skills: Fintech companies also need employees with strong business skills, such as marketing, sales, and customer service. These skills are essential for promoting and selling fintech products and services, as well as providing excellent customer support.Here are some of the most in-demand fintech skills currently:Software development: Fintech companies need software developers to build and maintain their products and services. Popular programming languages for fintech include Python, Java, and JavaScript.Data science: Fintech companies use data to make better decisions about their products and services, and data scientists are responsible for collecting, analysing, and interpreting data.Cybersecurity: Fintech companies need to protect their customers' data from cyberattacks, and cybersecurity professionals are responsible for developing and implementing security measures.Blockchain: Blockchain is a new technology that is being used to develop new financial products and services. Fintech companies need employees with expertise in blockchain technology.Artificial intelligence (AI): AI is another new technology that is being used to develop new financial products and services, meaning this is also a skill in demand.In addition to these technical skills, fintech companies also need employees with strong soft skills, such as communication, problem-solving, and teamwork.If you are interested in a career in fintech, there are a few things you can do to increase your chances of success:Get the right education and experience. There are many different educational paths that can lead to a career in fintech. Some people choose to get a bachelor's degree in fintech, while others get a degree in business administration or another related field. You can also gain experience in fintech through internships and volunteer work.Network with people in the field. Networking is a great way to learn about job openings and meet people who can help you get your foot in the door. Attend industry events, join professional organizations, and connect with people on LinkedIn.Stay up to date on the latest fintech trends and best practices. This shows employers that you're passionate about the field and that you're committed to professional development.Be able to articulate your skills and experience concisely. This is important for both your resume and cover letter, as well as during interviews.Be enthusiastic and positive. This will make a good impression on potential employers and show them that you're excited about the possibility of working for their company.Here are some of our current roles within the FinTech industry:Finance Manager - FintechSalary: €75,000 - 85,000Location: South DublinFinancial Controller – FintechSalary: €75,000 - 80,000Location: Dublin City CentreNewly Qualified Accountant- FintechSalary: €60,000 - 65,000Location: Dublin
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Mastering the 5 Essential Interview Skills: How to Outshine the Competition
Mastering the 5 Essential Interview Skills: How to Outshine the Competition
In today’s competitive job market, standing out from the pack is essential when it comes to securing your dream job. While having a strong resume and relevant experience is crucial, it is equally just as important to excel in the interview process. As one of the leading recruitment agencies in Ireland, we understand the importance of interview skills and how they can make or break your chances of landing your dream job. Here we will highlight five essential interview skills that will help you stand out from the competition and increase your chances of job success.1. ResearchOne of the most crucial interview skills is thorough preparation. Research the company you’re applying to, their values, goals and recent awards or achievements. A quick online search will help you with this. Browse their website for an ‘about us’ page which often provides valuable insights. Familiarize yourself with the job you’re applying to and identify key skills and qualifications they are seeking. Prepare thoughtful answers to common interview questions and practice them to gain confidence. Additionally, anticipate any potential questions which are related to your previous experiences and have specific examples ready to showcase your skills and achievements.2. Non-verbal communicationNon-verbal cues can greatly impact the impression you make during an interview. Pay attention to your body language, maintain good eye contact, sit up straight and project confidence. A firm handshake, smiling and portraying a positive demeanour will go a long way in establishing a good rapport with the interviewer. Your non-verbal communication should convey your interest in the role and your ability to work well with others.Aside from being mindful of your own body language, take notice of the interviewers’ non-verbal cues also. These subtle signals can reveal crucial insights, such as priorities for the role and the essential skills they seek. Observe their active listening, facial expressions, and body language to gather valuable information beyond verbal communication.3. Highlighting Transferable SkillsIn today’s dynamic job market, employers value transferable skills - qualities that can be applied to various roles and industries. During the interview, focus on highlighting your transferable skills that align with the job requirements. Even if you lack direct job experience, demonstrate how your abilities, such as problem solving, adaptability, leadership, or teamwork, can be valuable assets to the organization. Showcasing these skills will set you apart as a candidate who can quickly contribute to the team’s success. 4. Showcasing Your AccomplishmentsA common mistake candidates make is focusing solely on their responsibilities rather than their achievements. Employers want to know how you’ve made a positive impact in your previous organisations. Prepare specific examples of projects you’ve successfully completed; challenges you’ve overcome or any initiative’s that you’ve led. Quantify your achievements where possible, such as mentioning cost savings or percentage improvements. Demonstrating your track record of success will make you a memorable candidate.5. ConfidenceA key skill that will bring together all your other interview abilities is speaking confidently. It’s important to instil confidence in the hiring manager by the way you communicate.Interviews can be nerve-wracking, and the pressure can make it difficult to appear confident. Remember that your objective is to sound calm yet curious during an interview. Speaking at a moderate pace helps convey calmness, and showcasing your enthusiasm and curiosity through research and follow-up questions can make a positive impression. If nervousness causes you to speak too quickly, practice speaking slower than usual to achieve a balanced pace on the day of the interview. Ultimately, practice is the key to improving this skill. Schedule a mock interview with your recruiter or alternatively ask a friend or family member to pose sample questions. Dedicate yourself to practicing as much as possible and in no time it will come naturally.Mastering interview skills are essential for standing out from the competition and securing your dream job. By focusing on thorough research and preparation, highlighting your transferable skills, highlighting your accomplishments, and remaining confident, you can make a lasting impression on hiring managers. Good luck!