Jobs in FinTech
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;
- Looking to develop your career in a growth industry that is likely to be well funded for the foreseeable future
- Looking to work with the latest tools, processes and innovative technologies
- Passionate about what you do, can do things quickly and relish the opportunity to take ownership of your role by getting involved in all aspects of an organisation
- Excited to see ideas transform from inception, through development, to become an amazing product
- Female, because like other tech, engineering and scientific careers, Fintech is crying out for female talent
- Looking to work in an industry where creativity is highly rewarded
- Adaptable, where you are given the space and motivation to quickly develop, grow and achieve your true potential
- Looking for an industry that will have a positive and dynamic impact on those around you
- Looking to work in an industry where creativity, adaptability and flexibility are encouraged
- A self-starter, ready to solve problems without having someone to ask you
- A team player, working together to help others creating a mutually respectful and beneficial environment
Ireland's FinTech map
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
- Passion: you got to love what you do
- Adaptability: the roles change all the time and you need to go with the flow
- Resilience: be realistic, don’t be a blind optimist or a pessimist. Know how to get around obstacles
- Self-learning: be good at motivating yourself
- Self-starter: be ready to solve problems without having someone to ask you so
- Attitude: have a can do and positive attitude, be able to deal with conflict and other viewpoints effectively
- Team player: don’t work selfishly, help others and give constructive feedback
- Honesty: say where you are strong and where you are weak and seek help
- Self-learning is a must with the ability to motivate yourself to do so
- Transferable skills: all your previous experience can be useful
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;
- Reward: Offer a competitive salary including generous and unique benefits. Flexi hours, working from home, start-ups: think profit share, share options etc!
- Personal Recommendations: Motivate your new hires financially and otherwise, look to them for referrals for new hires to you whom they know and recommend.
- Education: Consider candidates from other industry sectors, individuals seeking a career change, rate raw experience more highly than educational requirements.
- Career Advancement: Create a healthy balance of recruiting new blood and offering tangible internal career opportunities for advancement through pro-active job change programmes, mentoring and training programmes.
- Making small Differences: Offer small but regular incentives, your progress will continue and so should theirs and it’s up to you to show recognition on an ongoing basis.
- Work/Life Balance: Offer an environment that puts work/life balance as a top priority. Flexible hours and working from home will incentivise staff and give them the breathing space to do their best work. Treat your employees with respect and you’ll get loyalty in return. No to micro managing, Yes to transparency, team work and a common goal for all.
- Follow Your Mission: Be clear in your overall goal, company mission statement and values. Illustrate the innovative and exciting roadmap you have in mind to get there. Be sure new hires can see you are structured, but flexible in your plans for the future.
- Happy Staff: Always remember, without good staff, you have nothing. It’s your job to find them and keep them happy, motivated and productive.
- Recruitment: Work closely with a specialist recruiter to find the best of the best. Ensure they buy into your mission, values and ethos. FinTechjobs.ie is here to help you do just that!
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.