Employment in Gibraltar

The market in Gibraltar, is currently “very buoyant”, in spite of Brexit and the Covid 19 pandemic, the Rock has continued to grow and attract new businesses in the last few years.

Gibraltar was the very first jurisdiction in Europe to create regulations specifically designed for distributed ledger technology (DLT) service providers. This has been a contributing factor to the growth of the Fintech/Financial Services Sector in Gibraltar.

In the last few years, Gibraltar has attracted established, high-profile cryptocurrency exchanges and wallet service providers, with more than 12 licenses granted and more in review process. There are attractive options for Start-up businesses to benefit in this environment, hence the attraction to be established on the Rock.

The FSC requires certain criteria for license application and approval in Gibraltar (www.fsc.gi), the kind of specialist talent sought for these roles are experienced Finance Directors and Compliance, Risk and MLRO specialists, ideally with some start up expertise and knowledge of the Gibraltar regulatory system. ICA qualified candidates are particularly attractive. MLRO status is a pre requisite for most start-ups, the FSC apply a high standard vetting procedure. Once license approval has been granted, Compliance Officers and Compliance Assistants are normally recruited to ensure a robust Compliance Department is taking care of business daily.

In addition to the growth in DLT service providers, Gibraltar has continued to benefit from the household names in the online gaming sector, many of who have substantial premises on the Rock. Gibraltar is the leading online gaming jurisdiction. The industry continues to expand due to the advancement of online technology and offers a wealth of different job opportunities from customer service roles all the way through to marketing, Tech and operations. Currently there is a big emphasis on specialist developers, front and back end, so these positions are highly sought after, salary packages are very attractive and relocation assistance is always offered.

The insurance industry has continued to grow in Gibraltar, Insurance Management Offices have been bolstering their Finance Departments with specialist skilled Client Accountants who are normally qualified or part qualified ACA, ACCA or CPA. UK qualifications such as this in the Accounting sector in Gibraltar are normally always a requirement regardless of sector. AAT level candidates are also considered for vacancies, particularly if they have good Insurance accounting knowledge including the technical Solvency II reporting requirement. Insurance compliance experts are also highly sought after and are scarce on the Rock. The Commercial Insurance Sector has seen a substantial growth across the last 2 to 3 years, the motor and property Insures continue to establish themselves as excellent employers offering training for CII (Chartered Institute of Insurers) and continued career development.

Despite the current impact of Brexit and the administration aspects involved to live in Spain (NIE and TIE Card requirements for Brits) people are still actively looking to relocate to Gibraltar. Gibraltar remains popular with people looking for an outdoor lifestyle combined with real career and CV enhancing opportunities, whether they decide to return to the UK or stay in Gibraltar longer term. Once you live by the sea, the mountains and beautiful landscapes it can prove difficult to leave it behind.

SRGEurope is a leading provider of specialist recruitment services in the United Kingdom, Gibraltar, Spain and Malta and would be happy to assist with any recruitment needs. Our recruitment activities established now for over 12 years, are segregated into five tightly defined divisions; Finance, Fintech, Online Gaming (including dedicated IT for Gaming Team), Social Media and Executive Search. From single placements to total project solutions, SRGEurope helps its clients achieve greater performance by locating the best and brightest people for their businesses.

To find out more about opportunities with SRGEurope please email Angelique Pearson online@srgeurope.com or visit the website www.srgeurope.com. A recruitment consultant can be reached on +350 20069999.