NL
Sector: Compliance / Legal
GUEST COMMENT: There IS hiring in compliance advisory
For compliance professionals, advisory is a very popular area. The main reason for this is that these roles require an individual to sit on the trading floor with the front office working closely with products and traders. As a result, they develop an innate understanding of the way the broader business works. One common myth [...]
WHERE THERE WILL DEFINITELY BE HIRING: A Q&A about jobs in regulatory consulting
Even if there are hiring freezes, even if there are redundancies, even if FICC revenues completely collapse in the second half, there will almost certainly be jobs to be had in the area of regulatory consulting. We have remarked upon this before – PWC has got a new ‘Financial Services Regulatory Centre of Excellence’ and [...]
How to earn at least six figures working in the middle office
Most people working in financial services want to be a trader or a corporate financier, or a salesperson or a structurer. They don’t want to work in compliance or risk or product control. Maybe this is a mistake. An eruption of recent salary surveys suggests some middle office jobs pay a lot. Unfortunately, just because [...]
GUEST COMMENTS: 2011 will be the year of the regulatory trainer
Chuck Prince famously said that: ‘When the music is playing, you have to get up and dance.” Well, the music stopped some time ago and new regulatory brooms are busy trying to sweep up the mess. This year there are far reaching regulatory activities underway which will have significant implications for training needs in the [...]
All these jobs could be created because of the ICB report
In a tepid year for hiring, the Independent Commission on Banking’s report could yet create a bit of heat around hiring. As we noted earlier there are downsides to the report: capital will probably cost more and particularly capital intensive areas of UK investment banking which have benefitted from the existence of a big retail [...]
Looks like the FSA’s going to need some algo trading quants
So. It looks like the FSA, or its replacement, is going to need a few high-powered quant types. According to Bloomberg, and various other sources, the EU’s new MiFiD rules will include a requirement for banks to tell regulators precisely how their algorithms work. This is causing apoplexy/incredulity among some quant recruiters, who suggest the [...]
Right now, the FSA is scrutinizing your bonus
This has the potential to be one of the most challenging bonus rounds for a few years. On one hand, people are expecting to get paid. On the other, the poor third quarter means the money’s not there. It’s not made any easier by the lack of clarity about the bonus rules of Committee of [...]
Up to six months’ nail biting holiday now on offer courtesy of the FSA
Senior persons who move into new positions have always been able to expect at least three months’ tending the roses. Thanks to the FSA, that period has now dilated to six months, and maybe longer. In its new ferocious guise, the FSA has taken it upon itself to strenuously vet people applying for ‘significant influence [...]
Transaction reporting clampdown is likely to create jobs
Commerzbank’s 595k fine from the FSA for falling short of accurate reporting standards is the latest example of how a barrage of regulatory requirements are affecting financial services firms. As a result, banks are going to be forced to stock up on regulatory expertise in the near future. The FSA is taking a new muscular [...]
Where are the 460 people who want to work at the FSA?
The FSA is hiring. According to the Telegraph, it added 280 people last year, and intends to accumulate another 460 by around mid-2011. A spokeswoman for the FSA confirms recruitment is underway (“Given our enhanced supervision we are looking to hire more people”). A quick look at the FSA’s careers site confirms the seriousness of [...]
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