Banks and other financial services business are set to come under increasing pressure in the coming years from challenges posed by cybercrime and higher interest rates.
Delta Capita is to add 80 new jobs at it Dublin in the next two years, doubling the headcount at the Irish office. The company, which offers capital markets consulting, managed services and technology services, is recruiting for roles in client lifecycle management, post trade, pricing, and risk and consulting. Delta Capita is seeking candidates from graduate level to more experienced staff.
“Sustained higher interest rates are likely to have significant implications for the mortgage market as a whole. Though the mortgage interest relief measures announced in Budget 2024 will undoubtedly assist some of those who are struggling, they may not be enough to save others from falling into arrears,” he said.
“A structural change in Ireland’s retail banks could be imminent, as many experienced personnel will need to be reassigned to arrears departments. In turn, staff shortages could see banks struggle to process new mortgage applications expediently, all of which could have serious implications as new lending is the lifeblood of any bank.