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Electronic trading and regulatory functions to expand in 2011

Watch out for these two hot jobs in the new year.

Electronic trading sales

In 2011 you can expect to see higher demand in areas of electronic trading services. As investors look to reduce the cost of transactions, firms are offering innovative services in e-trading to ensure the best execution, transparency and liquidity.

“Some of the more traditional execution trading and sales trading teams may scale back in size, but there will be demands for e-trading sales and strong algorithmic traders,” says Richard King, managing director, Michael Page International.

Regulatory functions

Here’s one that probably won’t come as a surprise: 2011 could be the year of the regulator. Candidates from areas such as compliance, audit and operational risk management should expect ample opportunities to improve their careers. “We expect to see strong demand in 2011 across functions that are related to global regulatory changes,” says Kevin Naylor, finance team leader at Wall Street Associates.

“As changes in financial regulations have been pushed through and are now starting to be enforced, we will see financial firms needing to re-enforce in these areas to protect themselves from risks that may have crept in during restructuring or while teams have been under-staffed. We have also seen the bar raised in areas like KYC/AML, which will call for greater expertise in areas of operations/client services. Candidates will need to be trained for this or move over from other functions,” he adds.

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