Luxembourg's financial sector currently employs more than 50,000 people, but the industry is constantly changing.

In a joint effort, the Ministry of Labour, Employment and the Social and Solidarity Economy and the National Employment Agency (Adem) conducted a series of sectoral studies over the past couple of months and found a number of "emerging professions" across various sectors.

Six concrete profiles were discovered that can be directly related to the energy transition currently being undertaken in Luxembourg and Europe.

According to Adem, the country lacks experts in green finance. Similarly, there is a need for more experts in the preservation of historic sites and landmarks in the private banking sector. In terms of investing, experts in the management of alternative funds will be high in demand. Adem also expects that more people will be needed to analyse regulation conformity in the financial sector.

As digitalisation advances, the IT sector will also grow in importance, the studies noting: "It will be necessary to educate users in terms of security and the safe storing of data."

Adem also identified the potential for hybrid positions to be established in the near future, meaning that employees will equally rely on their "expertise, digital knowledge, and ability to solve problems online."

RTL