Tag: back office
Bankers at both Barclays and Royal Bank of Scotland are living under clouds cooked up by their senior managers. In February 2014, the chief executives of both banks are due to make presentations on their plans for the future. Neither presentation is expected to be especially favourable for their investment bankers. Strategic uncertainty isn’t the […]
“I’ve always been interested in financial markets, but like a lot of people I was slow to appreciate the careers on offer in the industry. I only became aware of investment banks in my second year at university, and then I only secured an internship in the back office of a blue-chip firm. Having spent […]
My sympathies lie with my ‘Diary of an IBD Intern’ counterpart this week, as well as my front office friends in the intern pool. I haven’t really stayed in the office past about 5.20 pm so far, but that seems to be the norm for my department when not rolling out a new product. The long hours aren’t routinely part of the culture or requirements for the back office because we don’t suffer the same market sensitivities, having internally set deadlines and structuring our work to meet them.
After countless applications, telephone interviews, competency questions, strength-based interviews, group exercises, presentations, and assessment centres, I landed an internship at one of the world’s top financial services organisations.
Credit Suisse is nearshoring IT jobs. These are the roles you need to work in if you want to stay in London or New York
Poland and India are fast-becoming the places to be if you want to work in Credit Suisse’s IT team. In a bid to shave off another CHF2bn in costs, the bank is shifting more tech jobs to these locations and employing a shared services model to IT support. All is not lost if you want […]
Last year, technologists working in investment banking were dragging their heels when it came to accepting roles on back office IT projects. Now, as it’s one of the few areas offering relatively large numbers of new opportunities, more are moving across. Capital markets firms are flagging the back office as a key priority for IT […]
If you’re a student who wants to be a trader, but you still haven’t found a place on an investment bank’s graduate or internship trader training programme and are therefore resigned to working in the middle or back office (ie.Compliance and risk, operations, or finance), the Guardian’s latest anonymous banker interview may prove a little […]
Bonuses in the back office have been particularly hard hit this year, with banks choosing to reward high performers in the front office at the expense of support staff. Zeros have been commonplace, and often coupled with redundancy announcements within the divisions. Short-term, this means a demotivated workforce, but in the long run this could […]
Let’s face it: banking has lost its shine. Under the searing heat of the sovereign debt crisis, bonus pools have become puddles and we are all at risk of redundancy. Throw in the constant banker-baiting in the press and it’s hard to see where the appeal lies. It’s curious therefore, that so many young people […]
Prising technologists in investment banks away from exciting front office related projects to focus on back office IT developments has always been a hard sell. However, with more firms ramping up efforts to overhaul clearing technology in advance of looming regulatory deadlines next year, many people would do well to consider a switch across. Global […]