HK
Tag: Middle Office
Career CPR: Four hundred applications and five months later, I still can’t find a job
In the third of our Career CPR series, we hear from an unemployed Hong Kong candidate who has been looking for a job for the past five months. Read his dilemma and offer your advice in the comments box below. The dilemma: I have sent out 400 job applications over the last five months, but [...]
Why DBS pays massive middle-office bonuses; why Barclays doesn’t
Product control at DBS: not a particularly glamorous role, not a top-tier international bank. But PC bonuses at DBS are stacking up nicely against those at larger institutions, including Barclays. The average bonus for a DBS product controller in Singapore is about three months, with top performers earning six. “At the top end, that’s a [...]
Editor’s Take: Back-office bonuses could be very bad indeed
Low or average achievers in Singapore’s back and middle offices have plenty to fear when their 2010 bonuses are announced in the next few weeks. The worst of them may end up with nothing thanks to an increasingly performance-driven compensation culture. Many banks raised base salaries in 2010 as part of GFC-induced remuneration restructuring principally [...]
I’m bored in the back office and want to be a hot shot trader: REVIEW MY RESUME
“I have always wanted to go into trading in order to learn what really drives the market. I did a little trading on my own some time back. I guess what I really want out of my career is to increase my knowledge of the financial industry. My immediate career objective is to join a [...]
Memo from staff to banks: you can stuff your current salary rises, we want even more money
Compensation levels for back and middle office staff at financial institutions in Singapore are rising, according to a new survey, but it seems the extra money just isn’t enough. Employees have greater expectations when it comes to their earnings. The report from recruitment firm Robert Half found that 52 per cent of respondents enjoyed salary [...]
Six situations in which it makes total sense to take a job in the back/middle office
Judging by the frequency with which this question turns up in our Answers area, when to accept a middle/back office role is a hot topic – not only for people trying to enter the industry but also for people already in the industry and for those attempting re-entry. The fact is, there are always loads [...]
GUEST COMMENT: Several things to remember when starting a new job
If you’ve been out of the market for a little while, either on gardening leave, voluntary abstention from work, or as a result of redundancy, you may be a little rusty when it comes to remembering how things work in an investment bank. Here are six things to get you back on track: 1) Find… [...]
Recruitment rises but skill shortage still plagues middle office
During the darkest days of the financial crisis in late 2008/early 2009, the three bright lights on the employment market were risk, compliance and product control. Over the last three months, middle-office job volumes at banks, particularly those in Singapore, have increased even further as the need to beef up governance is finally matched by [...]
Editor’s Take: lessons we’ve learnt since Lehman
You’re probably sick of seeing Lehman-collapse anniversary articles, but please read on – this one’s a bit different. It focuses purely on how the recruitment landscape has changed for candidates in Asia compared to September 2008. Below are a few key themes which keep cropping up in conversations with bankers, recruiters and HR managers. Banks [...]
Tell me what’s wrong with my CV (2)
Use the comments box below to rate this resume. What chance does he have to advance his career? “I have got four years’ experience in the finance industry (both Singapore and Hong Kong), primarily in investment banks and hedge funds. I currently work as an equity trader, and I am exploring opportunities in working in [...]
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