The Monthly Engage Tracker – Financial Services and Banking – 04/02/2022

Hi,

Welcome to The Engage Tracker.

We hope you enjoy the luxury of our in-depth financial services expertise in this monthly version consisting of everything you need to know on salary insights, skills demands and industry trends.

Salary Shop

With the market now fully open, Risk Managers and Risk Officers are growing in demand. The former can command approx. €70k to €90k plus bonus depending on experience, with the latter commanding €50k to €70k.

We have noticed that salaries have increased slightly for the above positions – typically roles could pay up to 5 – 10% more than the previous 12 months.

Skills Shed

Our specialist recruitment consultants have identified skills that are in high demand by our clients in the financial services space at present.

Clients have been seeking candidates with strong Data Modelling skills, where the ability to manipulate data and demonstrate insights is still in high demand. Candidates with Programming experience are highly sought after at present, with previous exposure to Python, SQL and Java in high demand.

Trends Tent

There is an increasingly important role played by electronic money institutions and payment institutions in the financial system, and a growing reliance is being placed on those firms by consumers. The Central Bank sent a ‘Dear CEO letter’ to the CEOs of Irish e-money institutions and payment institutions on 9 December 2021.

In its letter, the Central Bank; summarised its supervisory expectations, asked the CEO’s to bring the letter to the attention of the firm’s board and set out the actions that it expects those firms to take to ensure compliance with their regulatory requirements.

Wayflyer, a revenue-based financing platform for e-commerce merchants, becomes Ireland’s sixth unicorn; raises €133M at €1.4B valuation.

Please email [email protected] or call on 016994530 to continue the conversation on any of the points raised.