UK
Tag: Credit Risk
Sectors Explained – Compliance and Risk Management
It is up to risk management teams in investment banks to make sure the bank doesn’t take huge risks and therefore make huge losses in its pursuit of gigantic profits. As just about every investment bank has had to write off billions of dollars during the global financial crisis, the focus on a more prudent [...]
These are the sorts of jobs you might get before Christmas
There’s never much hiring at this time of the year, but there is some. When probed, recruiters will even reveal roles their clients would like to fill in the next four weeks. These roles won’t pay guarantees and they’re mostly in the middle office, but they do exist. If you want a new job before [...]
Suddenly, insurance companies are very interested in hiring people who know about market risk
Solvency II, the new regulatory framework by the EU for the insurance industry, may not be expected to be introduced until the start of 2014, but it’s already stimulating a little hiring. It’s not difficult to see why. As Matt Gusden of management consultancy firm Oliver Wyman pointed out recently, “A large proportion of the [...]
GUEST COMMENT: A bank failure does not stop the work for its bankers
As anyone with any understanding of financial reality knows, a Greek default is sadly inevitable. This week, that inevitability was underscored by Greece’s inability to maintain its budget deficit below the 7.6% it needs to keep receiving money from the Troika. When the Greek default occurs, the ‘beefed up’ €440bn European Financial Stability Fund will [...]
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 [...]
Late Lunchtime Links: The chairman of Commerzbank is actively hostile to the idea that bankers should make large sums of money; secrets of the Commerz executive washroom
People at Commerzbank probably know this already. So too will people who have already read Michael Lewis’s immense German article in Vanity Fair. For those for whom this is new news and who have not read Lewis’s interesting opus on the state of Germans, Germany and German banking, here are some of his most salient [...]
GUEST COMMENT: Life after Real Estate Loan Workout
For most real estate bankers, life since 2008 has all been about loan restructuring as banks try to manage challenging lending cases whilst correcting their overexposure to property. Not since the early 90′s has there been such demand for workout bankers. Yet by nature, these restructuring roles have finite shelf lives . As the volume [...]
Six financial services qualifications which could substantially improve your employability
If you’re looking for a job in financial services and can’t get one, or if you’ve got a job in financial services and you want a new one, you may need to increase your allure with a CV upgrade. We suggest the qualifications below. If you disagree or know of others, please add your suggestions [...]
How hard is it to secure a full-time position if you haven’t completed an internship this year?
Students with aspirations to break into investment banking in 2011 have to face the fact that majority of full-time places will have been filled by the previous year’s intake of summer interns before firms even embark on campus recruitment. But to what extent this year have full-time places been taken up by intern conversations? J. [...]
REVIEW MY CV: I work in carbon and want to branch out
I’d like stay in the carbon space ( most of my experience has been in origination and structuring- little bit in brokerage and trading)- either in a bank/utility/ trading house/fund. However, I’d also consider something a bit broader in the energy sector, with carbon being just a subset. What are my chances of branching out? [...]
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