There’s a Lot of Hiring Going on in Electronic Trading

After a yearlong souping up of its equities electronic client solutions group, JPMorgan finally appears ready to duke it out with the competition. Given the comments of the group’s management, it seems likely that they’ll be in the market for even more tech, project management and business development folks. Indeed, the equities electronic client solutions […]

Does Financial IT Really Value a Few Gray Hairs?

The perils of being a banker on the wrong side of 50 are well-documented, but surely age discrimination is more commonplace in the cutting edge, young-buck-populated world of technology? Certainly that’s the assertion of IT recruiters Greythorn, which claims that the majority people over 50 working in the sector feel insecure in their job, largely […]

Energy Traders Face Rocky Road, On and Off the Street

If you’re an energy trader, it’s a safe bet that you’re a bit worried about your job. Overall, due to tech and the big players taking over, there’s fewer jobs. Plus, the Commodity Futures Trading Commission is just about ready to announce position limits for physical commodity derivatives as mandated by Dodd-Frank. That, and expected […]

Compliance Experience Pushes IT Auditors Up

If you’re a hybrid technology specialist – a fancy way of saying IT auditor – you can just about write your own ticket. As long as you have compliance experience. The “hybrid” comes from the notion of being a tech specialist who can audit technology systems. Toss compliance into the mix, and financial firms want […]

Five Skills You Really Need to Succeed in Fintech

A computer science degree may give you all the technical skills required for a technology career. But when it comes to succeeding in financial IT, you need to be more than just a savvy programmer. “Being a technical provider is just one little part of working in financial services IT,” says Natalie Kaminski, CEO of […]

Electronic Trading Fuels Growth in Chicago

Chicago investment firms are finding tough times on Wall Street present a ripe opportunity to expand. Despite large swaths of layoffs in New York, firms like Mesirow Financial are in a recruiting mode, according to the Chicago Tribune. The firm is in talks with more than 30 financial professionals as it seeks to hire traders, […]

Financial Firms Pull Back on IT Outsourcing

The financial sector may be rethinking the idea of IT outsourcing as a long-term strategy. Computer Economics, a research firm based in Irvine, Calif., believes the financial industry is pulling back on outsourcing projects and bringing many IT operations in-house. The firm conducts an annual survey that benchmarks IT operations trends, staffing trends and salary […]

Chicago Firms Seek Financial Engineers

Changing technology is pushing Chicago’s financial companies – particularly trading firms – to compete for engineers. In demand are professionals with network expertise, software programming skills and financial engineering backgrounds. “There is a tremendous amount of activity in Chicago right now, even compared to two years ago” says Rich Moss, president of Atlanta-based Moss Search, […]

Morgan Stanley To Open Montreal Technology Center

Morgan Stanley plans to open a technology center in Montreal later this year, beginning operations with a number of local hires. As many as 500 people will be needed to staff the center, according to media reports. Bloomberg says the bank is now looking for offices in the Montreal area, and plans to hire graduates […]

Tightrope to Front Office Snipped By SocGen?

The wall that stands between control and compliance professionals and trading roles just got higher. Middle-office and back-office professionals will find it harder than ever to get promoted to the trading floor in the way of SocGen’s so-called “rogue trader,” Jerome Kerviel. Citing recruiters and government officials in Paris and London, Bloomberg News reports Kerviel’s […]