UK
Sector: Public Sector
Public sector pay: a financial services focus
Bankers across the UK will be enjoying the brief hiatus of pressure around their pay packets, as the man-on-the-street’s attention instead turns to lavish salaries in the public sector. By now, you’ll no doubt be aware of the furore around high-earning civil servants exposed by last night’s Panorama and the Bureau of Investigative Journalism. One [...]
The muted call of a career in politics
There aren’t many jobs that pay six figures (expenses included) and allow for a seven week summer recess. Nor are there many that offer a final salary pension. Despite this, the line of former bankers queuing for a career in Westminster seems short. Last week, Panmure Gordon analyst Sandy Chen denied rumours that he was [...]
UKFI: ticket to 200k for one day a week’s work
Not long ago we were wondering what the likes of John Kingman saw in UKFI. The rationale for subjecting oneself to slow death by select committee for up to 143k a year, was not immediately apparent. But now that Kingman is suddenly leaving, his motivation has become amply clear. In the words of The Telegraph, [...]
There is always the army
People who’ve lost their jobs in banking and can’t find another one do have options. Some have taken up male nannying, others have become security guards, others have joined the army. A surprisingly small number seem to have joined the army though. A recent report in the New York Times suggested US military academies are [...]
Why would anyone want to work at UKFI?
To much fanfare, UK Financial Investments has released its first set of annual results today. So how much can you earn at an organization whose self-proclaimed aim is to be a ‘small expert body’ managing the UK government’s investments in ‘financial institutions in the interests of maintaining financial stability’? Not much. John Kingman, UKFI chief [...]
Big jobs at the Asset Protection Agency
The Treasury is in the process of recruiting its senior team for the new Asset Protection Agency (APA) – which will monitor the bailed out banks’ handling of their newly state-insured assets – and it’s also likely to provide other job opportunities lower down the ranks in the coming months. Having announced that it’s on [...]
Guest Comment: My Kafkaesque search for a job in the public sector
Rumour has it that jobs in the public sector are easy to come by. My experience suggests this is sadly not the case. Both before and after losing my job in the finance division of a major US investment bank, I’ve looked at roles in all three branches of the tripartite system of financial regulation [...]
Does this mean the FSA will have to make all those supervisors redundant?
Robert Peston claims to have unearthed some interesting information about the Tories’ intentions for UK banking supervision. While Alastair Darling is steadfastly ignoring calls for reform of the tripartite regulatory system, Pesto says the Tories are preparing to shift regulatory and supervisory powers back from the FSA to the Bank of England Given the FSA’s [...]
Multiple jobs at the EBRD and EIB
Financial institutions which provide funding to European countries are busier than ever, and looking to tap into the wealth of available City talent this year for both front office and risk management roles. The European Bank for Reconstruction and Development (EBRD) – the ‘transition bank’ which provides project finance to the private sector in emerging [...]
MI5 wants some quants
The secret intelligence service, MI6, might be actively targeting bankers for ‘operational officers’ (AKA ‘spies’), but it seems MI5 is also keen to hear from City applicants. The difference, as you’re no doubt aware, is that MI6 deals with international issues (hence Bond’s adventures in exotic locales), whereas MI5 looks after intelligence issues on home [...]
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