UK
Sector: Information Technology
As ‘living wills’ loom, banks are recruiting technologists on rates of up to 1,200 a day
Banks may be bemoaning the ongoing regulatory challenges they face, but IT professionals in the City have reason to be thankful. The latest problem large institutions are battling with are the technical issues related to writing a ‘living will’, and they’re starting to bring in contractors to help them deal with them. After proposing the [...]
Demand for techies with Murex, Openlink and Fidessa skills is surviving the downturn
In this market, it pays to have a niche skill set. While investment banks have generally cooled their recruitment plans for front office technologists, people with specialist third-party vendor system knowledge remain hard to find. Technologists able to implement vendor systems like Murex, Openlink, Fidessa – predominantly recruited on a contract basis – have managed [...]
Has all this investment in risk management technology been a monumental waste of time and money?
Over the last couple of years, risk technology has been hot area of recruitment within investment banks, hedge funds and fund managers alike. Even now, it continues to offer opportunities, but is all this investment worth it? After all, UBS was one of the banks to plough money into upgrading its risk IT infrastructure last [...]
This financial services consultancy is looking to grow its IT headcount by 25%
Pressure to shake-up technology because of a raft of new regulatory reporting requirements has forced many investment banks to re-direct IT budgets towards these mandatory projects. In some cases, as we’ve mentioned previously, banks have started to recruit technologists in-house. However, some are turning to specialist consultancies which are in turn seeing a healthy new [...]
There are 28 graduate applications per job in the front office; but only 8 in IT
Despite spending billions on technology and offering lucrative salaries, investment banks have in recent years struggled to attract sufficient numbers of graduates into their IT analyst programmes. Most banks end their full-time graduate recruitment programmes in November, but last year – having increased their IT intake – many extended the technology recruitment process into the [...]
GUEST COMMENT: Put down the Java manual, walk away slowly, do it now
Java is so hugely important that Oracle and Google are locked in a fight to the death with Oracle claiming more in financial damage than the cost to NY of 9/11 There are more Java developers than citizens of Britain and France put together and more job ads for Java than any other programming language. [...]
Some slightly depressing charts showing how much both perm and contract IT recruitment has fallen this year
We’ve mentioned previously that 2010 was an unusually busy year for IT in finance recruitment, but new research suggests that hiring this year has be a lot more subdued. Risk and compliance tech roles remain hot, however. Below is the latest quarterly snapshot by technology in finance recruiters McGregor Boyall which shows a year-on-year comparison [...]
Stuck with high permanent salaries, all sorts of banks are cutting contractor rates
Goldman is reducing its London salaries slightly, but it seems to be the only bank doing so – so far. On the other hand, all manner of banks are said to be cutting the amounts they pay contractors. First among them is UBS, which is reportedly reducing its contractor rates by 10% as part of [...]
This is the recommended reading if you want a career in high frequency trading
Trading in investment banks is foundering due to the Volcker Rule. Hedge funds are having a bad year due to bad markets. But high speed trading is expected to grow. Even though this week’s leaked MiFid II document suggests high speed trading will be regulated in future, high speed trading remains a growth market. A [...]
Technologists are not yet convinced of the virtues of switching from banking to a financial tech vendor
Most technologists, traditionally, have started their careers honing their skills at a financial software vendor before making the move to a more lucrative role in an investment bank. Is there an argument for moving the other way? The first thing to point out is that a lot of software vendors are hiring, as more banks [...]
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