UK
Battered banking contractors seek public sector sanctuary
Faced with rate cuts, shrinking job opportunities and ultimatums to take a permanent role, IT contractors in the financial sector are increasingly looking to the public sector for new opportunities. It’s been a bad time to work as an IT contractor in banking – rates have remained stubbornly low since the blanket pay cut in […]
Investment banks are still handing out pay rises to developers
Investment banks may not be going overboard when it comes to recruiting technologists at the moment, but most firms understand that pay is one advantage the financial sector has when it comes to attracting and retaining talent. The result is that technical salaries are continuing to rise. It’s still a good time to work as […]
Investment banks are starting to share technology. How can IT pros survive?
If you work in technology, are you in danger of becoming commoditised? As more investment banks are encouraged to share IT functions that don’t give them a competitive edge, some roles are in danger of being eliminated, while others will become the must-have skill-sets of the future. Cost-pressures, more sophisticated products from technology vendors and […]
The five hottest tech pros in mobile banking
If you’re a technologist with experience in digital or mobile banking, you can consider yourself hot property. According to research from financial services recruiters Brightpool, mobile is likely to be the most fertile area of hiring within the financial technology sector throughout 2013. But who, specifically, are the banks looking to hire? After all, it’s […]
Ditching your Blackberry? Spare a thought for tech workers
The time was that servicing a legion of ‘Crackberry’ addicted bankers was a secure vocation, but technologists skilled in maintaining firms’ mobile services are slowly being edged out as demand grows for other smart phones among financial sector workers. Blackberry Enterprise Server (BES) administrators and specialist mobile device managers are being squeezed as investment banks […]
The five hottest programming languages to know in banking technology
Recruitment of developers into investment banking isn’t exactly buoyant currently, but certain skill-sets remain in demand and, in some cases, difficult to find. Here are our top five. 1. Java It may not be particularly new or illuminating to say this, but Java remains king in investment banking. Our own figures show that there are […]
Barclays hits tech contract staff with up to 10% pay cut
Barclays has cut its rates for IT contractors in the UK and US working in the corporate, investment banking, wealth and investment management divisions by up to 10% in another squeeze on pay for temporary staff. Working as an IT contractor within an investment bank has been a tough gig over the past 18 months. […]
This tech start-up has plans to double headcount in 2013
If there are two issues plaguing banks’ technology teams, it’s surely Big Data and IT security, so it’s no surprise that Digital Shadow – a cyber-security firm specialising in uncovering trails of information about firms on the internet – has based itself in Canary Wharf. Its CEO Alastair Paterson, 31, explains why the firm is […]
Banks hire experts to oversee tech work close to home
Banks frustrated with the quality of development work at offshore locations are bringing these tech roles closer to home and hiring top level strategists at headquarters to oversee the work. While offshoring continues – eleven large investment banks have more than 80,000 jobs in lower cost destinations – more banking executives are reconsidering the benefits […]
Western banking technologists cut off from high-paying roles in Singapore
Banking technologists chasing more lucrative roles in Singapore face fewer job opportunities as firms focus on recruiting local candidates and move IT functions to lower cost locations. Singapore has long been a banking IT hub, but now faces stiff competition from even lower cost destinations like India and, increasingly, the Philippines. Generic development work is […]
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