Hiring across all markets saw their usual slowdown during the summer months, but the Irish funds industry continued to present opportunities across both Compliance and Risk functions. Markets remain predominantly candidate-led across most areas and time to hire at more senior levels has increased, with some processes increasing from 6-8weeks to over 12weeks. There has been an increased interest from ex-pats and foreign talent looking to relocate to the Irish market, which has increased the talent supply for clients looking to hire.

EXPECTED FUTURE TRENDS

Continued scrutiny from the CBI places increased pressure on regulatory functions across the industry. In line with this, hiring teams will look to utilise their 2022 budget and we expect to see several Risk and Compliance teams expand operations in Q3 and Q4. Experienced Compliance Officers remain in high demand. Passive candidates have become more actively engaged in the market in recent weeks with the summer ending and schools returning, so we expect to see an increased talent supply hitting the market.

CANDIDATE EXPECTATIONS

Career trajectory & progression remains at the forefront of candidate’s expectations. Candidates want to ensure they are not pigeonholing themselves in a role and progression within an organisation remains at the forefront of individuals goals. Hybrid roles remain the most attractive, with no more than 3days a week in the office being the standard request from candidates. Finally, competitive compensation and benefits packages remain paramount to career considerations, with 15% being the average increase sought after for an external move.

If you are interested in learning more about live opportunities, or you would like to discuss how we can support your hiring processes in the current market, please get in touch with Evan McNeice, Consultant in Compliance & Risk.