HK
Sector: Risk Management
Career CPR: I worked in credit risk for 25 years but even after 2,000 applications, recruiters just aren’t interested in me
In the latest instalment of our Career CPR series, we hear from a veteran credit analyst who’s finding it super tough to switch firms. Read his dilemma and offer your advice in the comments box below. The dilemma: I’m a credit risk professional with more than 25 years’ experience in the banking sector, 17 of [...]
Guest Comment: Forget i-banking, consumer risk jobs are just so hot right now
Investment banks have been scaling up their risk analytics teams in Singapore and across Asia every since the start of the global financial crisis. However, the biggest development this year is that the consumer banking sector also needs more sophisticated risk analysis. Consumer debt, credit cards, secured and unsecured lending require good risk management to [...]
China Career Update: calling all credit risk candidates
The recent business expansion of foreign banks in China has created an urgent need for recruiting more risk management professionals. Credit risk candidates are particular sought after because, as the economy recovers, international banks want to compete with Chinese commercial banks in lending to large local enterprises and multinational corporations. “In the last six to [...]
Mid-office divas keep banks begging
Think product control and compliance are humdrum middle-office functions with an equally mundane employment market? Think again. PC professionals are in fact serial job hoppers, while senior compliance specialists are in such short supply that they can still command large pay hikes. “Employers are very selective about who they hire in product control. Many current [...]
Should traders train to be product controllers?
The Singapore government is encouraging unemployed bankers to retrain in either risk management or product control. The new government-funded Professional Skills Programme includes courses at the National University of Singapore and Singapore Management University in which finance professionals can specialise in one of these stable sectors. So is it worth moving to the middle office, [...]
Product controllers in short supply in Singapore
Singapore is suffering a skills shortage for product controllers (PCs) and there’s not enough local talent to fill the gaps. But the island state’s position as a global product control hub, as well as its career and lifestyle opportunities, make it attractive to foreign job-seekers, says Adele Png, a resource specialist in Credit Suisse’s lateral [...]
Are Asia’s back-office staff underpaid?
Singapore’s making a name as an operations hub, but back-office staff in the Lion City complain they’re underpaid. Do they have a point? Whereas the average bonus for middle and back-office staff last year was about the equivalent of three months’ salary, this year the envelopes landing on desks are much slimmer, often ranging from [...]
Lehman and Bear to draw blood in Asia?
Will the crisis at Bear Stearns, and Lehman’s plan to axe 5% of its global workforce, mean heads will roll in Asia? Lehman is making no formal comment on the plans but it’s understood that while cuts will be made across all businesses in all regions, the majority of the redundancies will bite in the [...]
Kerviel’s kickback for booming risk recruitment
Risk recruitment’s already hot. Thanks to Jerome Kerviel, it looks set to steam. What with SocGen’s shaming at the hands of Jérôme Kerviel and the warning from Singapore’s central bank that it’s up to banks themselves to avert future frauds, it’s safe to assume risk recruitment is about to heat up. Trouble is, it’s at [...]
Wanted: Filipinos, Malaysians and Thais
Recruiters are doubling their efforts to recruit foreign talent for the financial sector in Singapore and Hong Kong. “Banks are expanding in areas of their business such as Basel II, operational risk, compliance and regulatory reporting, and the local labour pool is just not enough to fill the jobs,” says a banker, who adds that [...]
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