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 [...]

Professional financial services investigators are wanted to earn large six figure packages

The FSA is already struggling to hold on to staff, but it’s a little ironic that new, more lucrative, jobs created within consultancies working on external investigations on behalf of the regulator could see yet more people depart. Both Big Four and more niche consultancies are building their risk and regulation teams ahead of an [...]

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 [...]

The new hot risk role for 2011: Regulatory capital management

Managing a relationship with the FSA while also driving a bank’s strategy on regulatory capital requirements might not sound like the most exciting role, but it’s one that’s quickly heating up in 2011. Both retail banks and investment banks are hiring regulatory capital expertise to sit in their risk teams, liaise with the regulator and [...]

Very large amount of interim jobs may be coming soon at the FSA

The FSA is about to be subsumed by the Bank of England. In preparation for this, we have it on good authority that the regulator is preparing to recruit a large number of project managers and business analysts. One recruiter approached to fill the void puts the precise quantity at 150 over the next six [...]

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 [...]