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Why choose a career in Fintech? Whether you are a new graduate or seasoned employee, at some point, you have probably questioned your choice of career and wondered if what you do gives you the best return in terms of achievement, monetary reward, career advancement and work-life balance. If you are;
The FinTech industry is showing a strong development base and all the characteristics of being able to quickly change pace and adapt fluidly when markets change. This industry will soon affect many facets of our personal and business lives. We will radically change the way we manage our money and much of what we will do will be on a first-hand basis, we’ll spend less for the privilege and have much more control. It is an exciting time to choose a career infintech and fintechjobs.ie is here to help you realise your job goals. www.fintechjobs.ie... your focus on Fintech.
“If you like order, then you probably shouldn’t work in a start-up, but if you like to create order through disorder then you should.” Damian Kimmelman, Co-founder of DueDil “Working in FinTech right now is probably one of the most exciting spaces you can work in the Tech scene,” Anil Stocker of MarketInvoice. “Working in a start-up means that you have the opportunity to do something that you really care about and grow. In Fintech, there is the opportunity to work at the heart of a business i.e. money, and make a real impact, but you need to be able to deal with ambiguity.” Hiroki Takeuchi, Gocardless
Disruption of the financial services is happening now and FinTech is the driver. It is reshaping the way companies and consumers engage by altering how, when and where financial services and products are provided and used. Building and developing a business in the world of FinTech is an extremely exciting time with obvious potential exponential growth, the dream of building a successful company will remain a dream unless you can hire the right staff. To attract the best people for your organisation, in what is an ever increasingly competitive market, here are some top tips that you may want to consider;
Supply & Demand in the emerging Irish FinTech sector will soon become a big headache for expanding companies seeking to hire talent. This will only be complicated more when you factor in the ramifications of Brexit on an Irish employment market offering more jobs to a shrinking talent pool.
“For the financial services sector it is the fact that they need to have access to the European market and they need a jurisdiction in which they can do that. Ireland is extremely attractive because we are English-speaking, have a common law system, and are in close proximity to the UK.” MARTIN SHANAHAN Chief Executive of IDA Ireland – Simon Cocking’s full article - Irish Tech News.
Questions need to be asked and answered in the very near future to avoid potential chaos in the jobs market. Once Britain leaves the European Union, will there be any special dispensation offered to British workers looking for employment in expanding companies in the Irish FinTech sector?
Currently the UK FinTech sector employs 60,000 people and this does not include traditional banking employment. This is way ahead of New York and California in terms of headcount alone and is largely due to their access to the EU’s labour market. Quite a number of British workers looking to move job within or into the FinTech world might now feel their best bet for career development could require relocating to a FinTech centre within the EU. Factor in language, education, standards of living and proximity, Ireland will often become first choice ahead of other EU FinTech centres like Frankfurt or Paris.
“There are signs that Dublin is increasingly being chosen as the European headquarters for multinational companies, says Anna Scally, international tax partner and FinTech Lead at accountancy firm KPMG. “Other companies, especially in Ireland’s strong FinTech market, increased operations and added headcount throughout the first quarter. Brexit is certainly a factor in this trend and Ireland is well positioned to serve as a springboard to the vast European market. Ireland’s straightforward tax regime and strong tech talent base are also attractive.” See full Irish Times article here
Traditionally Irish based employers have little patience when engaging in the red tape of work authorisation and most would choose not to if given the choice. Certain processes need to be put in place to allow this worker migration to happen. As the FinTech market, here in Ireland continues to build up a head of steam, these issues will only become more of a concern for all those involved in the recruitment process.
Whatever the scenario, www.FinTechjobs.ie is ideally placed to offer a central and dedicated platform to employees inside and outside the state looking for job opportunities in the Irish FinTech sector.