Here’s the next in our series of uplifting posts about real people who really did lose their jobs and then found new (and sometimes better) ones.
Current role
I’m currently working as a market risk analyst with a focus on liquidity risk reporting, modeling and the implementation of stress scenario testing.
Previous role
I was previously employed by a BB European investment bank as a corporate fund and liquidity analyst for the Treasury division. That was my first job after Uni.
When the lights went out
I lost my first job last February, after completing one year with that bank.
When the lights came on
After four months of being unemployed, I managed to get my new position.
How the job was found
I went through all the different routes to get my new job; recruitment agencies, website applications, direct contact with the HR departments of banks, and sending my CV to employed friends around the City. The method that gave me the most interviews was the direct contact with the HRs of the banks.
Life without income
It wasn’t very easy to accept that I’d lost my first job and that I had to live for four months without income. I tried to limit my expenses, cancelled my gym membership and started cooking instead of buying ready meals from M&S.
Lessons learned
If I lose my job again, I will be once again proactive and open minded. I will also be more confident! I survived the worst recession since the 1930s, nothing can stop me!
SG

True you wil be back as partner MD and fire those who betrayed you (e.g. your old boss)
However, it is sad you joined back office again at a lower tier bank. Technically speaking both the brand name and the job content didn’t improve much.
Nice work mate well done
well done. congrats
Nice one Global HR (NOT) – all the sentiments up to reading your comments were positive. Perhaps you should place yours elsewhere?
Good job.
Can the author talk more about the adjustment from liquidity analyst to market risk analyst? What kind of new skills need to be learnt?
Thank you.
HR showing derision to back office staffers?!
You work in HR, pipe down!
crappy job but at least u can go back to that fancy gym in canary wharf
@ Global HR-
‘it is sad you joined back office again at a lower tier bank’
You are an idiot! I think most people these days would be pretty happy with that job. Certainly beats HR too!
@TG re your questions, what new skills need to be learnt to make the transition from corporate funding and liquidity risk analyst to market risk.
First of all you have to learn risk concepts like Greeks, VaR, stress testing, back testing etc, assuming that you have already a good understanding of plain vanilla derivatives and FI securities.
Keep yourself up-2-date with new FSA regulations it s something useful too.
@Global HR, “technically speaking” am glad I’m employed and not folding cheeseburgers and big macs like other colleagues or friends..
congratulation realauthor
enjoy the new challenge!
@realauthor
Thanks for your answer. I would like to know some more detail of your previous liquidity job and the current liquidity risk reporting function. How it is related and different from each other?
Hope you enjoy your new career!