Financial firms cannot fill jobs due to lack of skills
ONE OF the country's leading universities has warned that financial services firms cannot fill jobs because not enough people are gaining the qualifications needed to satisfy the Central Bank's Minimum Competency Code requirements.
Speaking at the National College of Ireland's recruitment seminar yesterday, Hays Banking consultant Colin Canny said the liquidation of IBRC means the need for financial services skills is particularly pressing.
"With the bidding process for the IBRC loan book complete, and tender proposals for all service providers to be reviewed early next month, the successful bidders for these contracts will require significant resources in terms of recruitment, with numbers anticipated to be close to 300 to 400 positions" he said, referencing the companies who are outsourcing the management of IBRC's loan book – Certus, Pepper and Capita. "The transfer of loans to NAMA will create volumes of recruitment expected to be close to 100 to 150 roles in the corporate recoveries/debt restructuring areas" he added.