UK
Sector: Risk Management
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 [...]
And how much would the risk people at UBS have been earning?
Following on from our contemplation of Kweku’s compensation (around 370k?), it seems apposite to look at the compensation of the other players in the sorry affair: the risk managers. They were not earning nearly as much. We don’t know precisely how much UBS wafts in the direction of its risk professionals, but salary surveys and [...]
No one seems to have been let go from UBS’s risk team yet. When they are, some may be able to find work at RBS
We’ve quizzed numerous risk recruiters on whether they’re receiving CVs from risk people made redundant from UBS. The answer is: they’re not. Even though Carsten Kengeter has declared that he’s “doing everything” to review the short coming in the bank’s risk controls, it seems he has yet to do dismissals. This may change after the [...]
The crisis-defying roles around liquidity management
Concerns over both short-term and long-term funding issues for banks, combined with regulatory capital requirements, makes working in internal treasury a stressful place to be currently. However, at a time when few jobs are in demand, it’s also an area where new roles are still being created. Treasury as a function is not entirely immune [...]
Is this going to become the new transformative qualification for careers in financial services?
If you’re not a recent graduate and you want to show your mettle to financial services employers, you’ve traditionally had two main choices: the CFA or the MBA. Or if you’re in London, you’ve had three: the CFA, the MBA, or the Masters in Finance from London Business School. However, both an MBA and the [...]
Risk managers need to choose American banks if they want authority, Europeans if they want a deep understanding of the issues
If you’re a risk manager working for a bank in Europe, the chances are that your day-to-day responsibilities differ from your counterparts in the US. But a general need to improve risk capabilities is changing the types of people firms are looking to recruit. In a broad-ranging report into banks’ post-crisis confidence levels, McKinsey suggests [...]
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 [...]
If you want a new job, these are three areas where you should definitely find one
Middle office recruiters in London are busy. While some front office recruiters moan about a lack of action, middle office recruiters are fully occupied trying to find candidates for their constant flow of new jobs. Here’s where the hiring is happening the most: 1) Risk Risk recruitment is being driven by regulation. Busy risk recruiters [...]
Has Jefferies hired rather too many people in the front office?
Financial News has been familiarising itself with the recently released results of Jefferies International, the business which houses Jefferies’ European and Japanese operations. We’ve had a look too. The results are curious. They confirm that Jefferies hired a heap of people in the 11 months to November 2011. Strangely, they also show that its headcount [...]
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 [...]
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