CA
Sector: Derivatives
Wednesday’s Headlines: MetLife charging into the reverse-mortgage business — alone
While other financial institutions are dumping their reverse-mortgage businesses, MetLife has been pouring resources into the sector with the aim of leading the industry. An Investment News story notes that, “The reverse mortgage was the most prominently featured product last week on the web site of MetLife Bank, a unit that the company said may [...]
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 [...]
Best Bet in Derivatives: Don’t Look to Jump Any Time Soon
Given increased regulation, it’s no surprise that the global credit derivatives market decreased by 14 percent in the first six months of the year, to $26.3 trillion from $30.4 trillion. According to the International Swaps and Derivatives Association, that includes credit default swaps referencing single names, indexes, baskets, securitized obligations, and portfolios. But don’t let [...]
Banks Paying Up For Risk Specialists
Firming demand for financial risk managers in Canada is pushing up base salaries more than for any other finance specialty, a new survey indicates. Among dozens of titles and seniority levels broken out in Robert Half International’s 2010 salary survey, this year’s estimated 3.1 percent average increase for financial risk managers in Canada is the [...]
Share-Based Pay Lifts Total Compensation at Scotiabank
Deferring compensation is working out nicely for staff at Scotiabank if the January quarter is any indication. While a new incentive plan multiplied stock-based pay, the total for salaries and other cash compensation also rose for the investment banking unit’s 1,568 employees and dipped just slightly for the company overall. In a table accompanying its [...]
RBC Unveils Pay Reforms
Jumping aboard the compensation reform train, Royal Bank of Canada told capital markets employees it will incorporate risk measures in bonus calculations, will defer a larger share of compensation, and is finalizing a bonus clawback policy. The changes outlined in a memo to RBC employees are similar to those adopted by Bank of Nova Scotia, [...]
Big Banks’ Bonuses Tracking 18 Percent Rise
Like their Wall Street counterparts, Canada’s bankers are in line for bigger bonus checks this year than in 2008, corporate filings indicate. Incentive pay among the six largest Canadian banks totaled $6.4 billion for the first nine months of this year, up 18 percent from the same period last year, the Globe and Mail reports [...]
Job Market May Be Stabilizing, Recruiter Says
Although Canada’s unemployment rate stands at 8.4 percent, its highest level in years, and the jobs picture in the Canadian financial industry is not exactly frothy, recruiters say signs of equilibrium are returning. “Clearly the financial services market globally has still not recovered, but the recruitment market has plateaued somewhat, “says James Mayo, operating director [...]
Finance Still Needs Scientists, Group Says
Wall Street is on its back, but scientists would be wise to take a contrarian approach and investigate careers in finance, says the American Association for the Advancement of Science. In a three-part feature on financial careers in its official publication, Science, the association likens preparing to enter the industry to the old investing maxim, [...]
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, [...]
Follow eFinancialCareers
What is RSS?
Advice
Latest Advice Article:
Five Things Your Hiring Manager May Be Thinking But Will Never Disclose
