UK
Tag: Operational 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 [...]
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 [...]
Time to get out of BarCap, RBS and HSBC?
The Independent Commission on Banking’s final report is out. On cue, shares in British banks are down. But they’re not down by much. So is everything ok for investment bankers at UK banks? Yes. And no. Yes, it’s ok · It’s ONLY ringfencing Given that the Liberal Democrats were going for a full separation of [...]
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 [...]
REVIEW MY CV: I’m a former army officer looking for a COO position
I’m a Sandhurst trained risk professional looking to broaden my experience, and am interested in both COO and operational risk roles within the financial sector. I’d appreciate it if you can advise me how to improve my CV to increase its effectiveness. Thank you! A problem solver, with wide experience of risk, systems analysis and [...]
These are the jobs you’ll always be able to stroll into this year
As we said last week, there might not be as much hiring this year as there was last year. Financial News may have reached the same conclusion: it says today that RBS won’t be hiring as many equities bankers as formerly anticipated. Nevertheless, there will be pockets of intense hiring. They are in the middle [...]
REVIEW MY CV: I’m a senior middle office professional and I want to move into change management
I’ve been searching for a new role since May. I’m looking to do senior equity derivatives middle office roles or ‘change’/project/process improvement roles – still focused on equity derivatives. Can anyone give me some advice? PROFILE Head of Middle Office/Trade Support teams, risk aware, control focussed and proactive. A thorough knowledge of equity derivatives including [...]
Is Morgan Stanley about to make redundancies too? And – overall – are risk professionals getting particularly hammered?
Banks are making redundancies. Credit Suisse, Deutsche Standard Bank, and BarCap have all been at it so far. Rumour has it that Morgan Stanley will be next. Morgan Stanley announces its third quarter results on Wednesday, and is said to have alerted staff to imminent redundancies. “It seems to be quite marginal,” says the head [...]
Risk is not impervious to the recruitment slowdown
With most investment banks now taking stock of front office hiring until earnings become less precarious, is the supposedly buoyant recruitment within risk management likely to follow suit? In 2009 the theory was that, as heads rolled in the post-Lehman landscape throughout the investment banking industry, risk was a relative recruitment sanctuary as firms looked [...]
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