Tuesday 17 July 2018

Job opportunities for professionals jump 33pc in July, Morgan McKinley reports

Karen O'Flaherty
Karen O'Flaherty
Gavin McLoughlin

Gavin McLoughlin

The number of job opportunities for professionals rose 33pc year-on-year in July, according to the latest Morgan McKinley employment monitor.

The report said 12,887 jobs came to market in the month, compared to 9,699 in the same period last year.

Morgan McKinley Ireland chief operations officer Karen O'Flaherty said the market had outperformed expectations, despite a seasonal holiday slowdown recorded in previous years.

She said the numbers are in line with strong job creation in 2015 and bode well for the rest of the year.

"Professional job opportunities in the banking and financial services areas continue to increase with regulatory, financial and statutory reporting as well as many internal audit skills in high demand.

Ms O'Flaherty said an increased focus on capital requirements, driven by regulatory changes is driving significant recruitment in the area of enterprise risk - the process of managing risks to a business.

"Lending within commercial, retail and corporate banking continues to recover, there is a growing need for new lending professionals at all levels both on a temporary and permanent basis, and continued demand for professionals with portfolio management experience of distressed assets," she added.

"Other skills in high demand include IT professionals with key technologies such as Java... and mobile as on-going investment in Fintech and IT-related projects fuels the demand for experienced professionals in this area."

Ms O'Flaherty added that more professionals with niche skills "are increasingly choosing contracting as their employment choice given the reduced job risk and the perceived higher earning potential".

Ms O'Flaherty said a steady increase in returning Irish professionals, primarily from Australia, Canada and the UAE, was noteworthy. "The decision to return is made more attractive by the increase in job opportunities outside of Dublin and Cork," she said.

The report said there was a 1pc year-on-year decrease in the number of professionals entering the jobs market.

It said there was a "steady increase" for mortgage underwriting and junior mortgage administrator roles.

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