GF
Tag: Associate Director
Demand rising for back office superstars in the Gulf
Middle Eastern banks still need to get their houses in order. Technology needs to be upgraded, operations need to be administered and risk needs to be more closely monitored. The result is that experienced back and middle office staff are the new hot property. At the very senior end, more banks in the region are [...]
Over $200k average salaries for ACAs in the Gulf, and bonuses are rising
Any ACA-qualified accountants considering relocating to the Middle East may be further persuaded by the fact that they’re able to earn more in the region than anywhere else in the world. The average annual salary for ACAs working in the Middle East is 137.9k (US$227k, AED833.6k), according to the 2011 Career Benchmarking survey by the [...]
HSBC is making redundancies in the Middle East, should you be worried?
HSBC is implementing the second round of redundancies in the MENA region in two years. Again, the proportion of staff affected is minimal (at 3%), but this time it’s driven by a global downsizing operation, rather than concerns over the Middle East. Around 360 people in HSBC’s 12,000-strong Middle East workforce are to be cut. [...]
Six areas where there are more jobs than candidates
So far, 2011 has proven to be a little disheartening for those awaiting the great revival in fortunes of the Gulf financial sector jobs market. But while the overall picture is subdued, some roles remain a challenge to fill. Here are the six areas where you’re most likely to find success: Analyst and associates within [...]
E&Y comes out fighting for MENA top spot with ambitious recruitment plans
There appears to be some hiring one-upmanship among the Big Four accounting firms as they battle for the top spot in the MENA region. Following announcements of significant recruitment sprees in the region from both PwC and Deloitte, Ernst & Young – which has been the dominant player in the Middle East for some time [...]
The autumn hiring spree – it’s back on
The post-Ramadan period in October and November traditionally sees a flurry of recruitment activity in the Middle East financial sector. For obvious reasons, this has been absent for the last couple of years, but it appears to be back in 2010. The logic is simple; over the summer and into Ramadan there’s little chance of [...]
Boutique investment bank eyes Gulf expansion
Exotix, a UK-based boutique investment bank with a focus on emerging markets, has kick-started its Dubai operations and says it has ambitious plans to expand in the region going forward. The bank has been given the thumbs up by the DIFC and has opened its new office with an initial workforce of just three, but [...]
Guest Comment: the new internationally mobile superheroes are…product controllers (seriously)
Chris Jay, associate director of Morgan McKinley’s financial services division, Singapore, explains why product controllers are so in demand and why candidates from other countries should apply for jobs in Singapore. All the major financial institutions in Singapore are once again hiring experienced product controllers, with volumes back to pre-crisis levels at some banks. Most [...]
The qualifications question, Part 3: Masters in Finance
Armed with a Masters in Finance degree and industry experience, Western graduates from the class of 2008 are looking to the Middle East as an increasingly attractive option. Should you be worried? The cost of a Masters in Finance (MiF) at London Business School comes in at a hefty 29.7k ($59.4k). After such an investment, [...]
UAE banks throw spotlight on risk managers
UAE firms are taking pre-emptive measures to ensure that the carnage in the Western banking world doesn’t happen here: they’re bolstering their risk management teams. Local banks are battling with the twin forces of regulatory reporting requirements – such as Basel II – and the need to set up controls against banking crises and rogue [...]
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