UK
Tag: Market Risk
How much can you earn in risk? An amalgamation of recent risk salary surveys
As a follow-up to our amalgamation of salary surveys for product controllers, we are shining the light of investment banking pay pellucidity on salaries in risk. Recruitment firms Robert Walters, Morgan McKinley and Hudson all have new 2012 salary surveys out for investment banking risk professionals. Taking market risk as a point of comparison, the [...]
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 [...]
Post Kweku, it should still be possible to move out of the middle office
The combined efforts of Nick Leeson, Jerome Kerviel and Kweku Adoboli, each of whom used or appear to have used (it’s too early to say definitively in the case of Kweku) their knowledge of back office systems and processes to perpetrate rogue trades, all suggest one thing: no more moves out of the middle office [...]
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 [...]
REVIEW MY CV: I am a consultant and I want to work in market risk, but London seems a little too conservative for this move
The past couple of years I have been applying / working in Market risk roles. My preference is front office roles but my London contact base is limited thus making it harder. Additionally, I find that the environment in London is more structured, less thinking outside the box like you see in the US. This [...]
A sign that all these new 100k+ support roles in investment banks are sapping pay and profitability in the front office
As we noted earlier, Bank of America Merrill Lynch’s investment banking business didn’t do very well at all in London last year. BAML International’s $2.6bn profit in 2009 became a $90m loss in 2010. The bank attributed this unfortunate change in its circumstances to ‘uncertainty over economic conditions’ and to increased risk aversion. But it [...]
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 [...]
GUEST COMMENT: If you aspire to being a contractor, here’s where you can earn more money than before
Contractors in financial services are still highly sought after. In several instances, we’ve seen the amount they’re being paid rise quite substantially. Here’s where the increases have been most dramatic: 1) Risk Credit and market risk projects are the two areas where contract rates have risen the most. Business analysts and project managers have experienced [...]
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