The March 2019 Brexit deadline has caused a surge in financial services hiring in Ireland, according to Indeed, the world's largest job site. Compared to last year, the first quarter of 2018 shows a 15% increase in the share of job postings in financial roles.
The hardest to fill job areas are investment analysis, portfolio management and risk management.
Well-known financial advisory and banking firms participating in the talent search include Citi, Fidelity, and JP Morgan. There have also been announcements of financial service jobs moving from London to Dublin, with Bank of America moving 125 jobs to Ireland. Thomson Reuters also plans to move its foreign exchange derivatives trading operation to Dublin.
Tara Sinclair, senior fellow and economist at Indeed, stated, "There was an initial spike in Britons’ search for jobs in the EU immediately after the Brexit vote, which could easily be dismissed as panic. However, we have now seen a steady and sustained return to those elevated levels, which suggests that as the uncertainty around what Brexit will actually means continues, more people are seriously contemplating a move elsewhere in the EU."
