AU
Sector: Operations
Guest Comment: How I made the leap from middle-office trade support to front-office trading
During my first few years of university, I was set on going to medical school and becoming a doctor, but I kept hearing about finance and investment banking from friends, and got a lot more interested in those professions over time. Like many others, I had heard about the lavish lifestyle and money and wanted [...]
Are we finally seeing a surge in the back office?
Firms such as JP Morgan, Macquarie, AMP Capital and Colonial, plus the Big Four Australian banks, are leading a renewed search for back-office staff. The increase in recruitment comes a few months after front-office hiring began to recover, which is inline which the theory that ops jobs only start flowing when the revenue generators are [...]
FHOG creates ops opportunities (for now)
The First Home Owner Grant (FHOG) is opening up roles for loan and credit processing specialists as banks try to cope with a sudden surge in mortgage applications. But external recruitment has only picked up slightly because banks are focused on redeploying existing staff to meet their back-office needs. New loans issued to first-home buyers [...]
Guest Comment: ops jobs to avoid
Anton Murray casts a watchful eye on the back and middle-office job functions that will have a hard time in 2009. The bad A number of operations and middle office areas will remain slow throughout the year, or will be challenging if you are trying to secure work. · Equity markets in general aren’t fantastic [...]
Are there still ops opportunities?
Recent redundancies and a slump in hiring suggest that the downturn is beginning to bite in the back office. The fate of your career in operations currently depends on which part of the bank you are supporting. “We’ve seen a lot of layoffs in operations, with more candidates coming onto the market in the last [...]
Aussies aim for Asia as London loses its lustre
Forget London – Australians are going to Asia to snap up middle and back-office jobs. There are plenty of opportunities across a wide range of functions, says Louise Langridge, of recruiter Morgan McKinley. Risk roles are flavour of the month and demand is strong in operations (with good product knowledge) and compliance, especially at mid [...]
Why do ‘old’ people work in the back office?
Ok, early 40s isn’t exactly an age at which you’re likely be reaching for the Zimmer frame and the denture adhesive, but it’s fairly antiquated when you consider that the average front-office banker is probably 15 years younger. Research from the Observatoire des métiers de la banque, a French organisation with affiliation to local unions, [...]
Is the Aussie jobs market about to implode?
There’s panic on the streets of Sydney. Just when you thought your Aussie job was safe and sound, it seems the suffering may be spreading to these shores. And this time the bad news isn’t only about ANZ. Recruiters say the AU$18.6bn merger plan between Westpac and St George could create a jobs cull – [...]
Indian promise lures Aussie banks
What is it about ABN AMRO employees that’s so irresistible to Babcock & Brown (B&B)? The ASX-listed investment bank has poached ABN’s entire Indian M&A group, having nicked its infrastructure team 18 months ago. ABN staff might well be desirable, but this latest raid was motivated more by location: India. While outsourcing retail support roles [...]
Comm bank tech spend could create more jobs
Commonwealth Bank of Australia (CBA) is set to spend big on upgrading its aging IT systems, in a move which could mean more jobs for techies. The bank is coughing up AU$580m over four years to drag itself kicking and screaming into the 21st century and has selected software provider SAP to make it happen. [...]
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