Banks in Asia may be gearing up for the (comparatively) busy hiring period after Chinese New Year, but right now vacancies – especially front-office ones – are thin on the ground.
If you are looking to steal a march on rival candidates by applying for a front-office job in January, however, you do have a few options in Hong Kong and Singapore.
We’ve trawled through the careers websites of global banks to find investment banking, capital markets, and trading/research jobs in the two cities. While many firms aren’t advertising any roles in these functions, here are some that are:
J.P. Morgan is looking for an associate, TMT in Hong Kong
Want to get a foothold in the booming Asian technology, media and telecommunications (TMT) industry? While this role demands two years’ investment banking experience, TMT expertise isn’t listed on the job description. You will bring “strong functional skills in the major areas of investment banking and will demonstrate the ability to become a senior officer who is capable of generating and executing his/her own transactions”. Breaking into TMT could give you plenty of future career options. Several senior bankers moved to corporate development roles in expanding Chinese technology firms in 2015, while banks are expected to be hiring in the sector this year.
Goldman Sachs wants to hire a VP, South East Asian group, Singapore
Are you an associate or VP with at least five years of South East Asian deal experience? Are you fretting about your future in the wake of low deal volumes in 2015? This role is a rare mid-career opportunity to join Goldman Sachs in Singapore. Aside from regional expertise, no one sector specialism appears necessary – you will “help cover clients of the division across sectors and products”. You will also lead executions and “work with the senior bankers to ensure client objectives are achieved”. Given the current dearth of IBD jobs in Singapore (and given that it’s Goldman), expect this to be one of the most hotly-contested roles in the market right now.
Morgan Stanley is seeking an analyst, institutional equity sales, Hong Kong
This is a desk-assistant role for someone looking to establish themselves in the volatile and potentially lucrative world of Hong Kong equity sales. The job offers a range of routine tasks such as attending analyst briefings and helping with daily sales reports, data request and ideas generation. But it also gives you the chance to showcase your talents. As a Mandarin speaker (“reading, writing, listening, speaking and translation skills” are a must) you will get to accompany clients on company visits in China and there’s also the “potential to cover clients” depending on your “capabilities”.
Credit Suisse wants a senior analyst, corporate finance, Singapore
Have you recently completed your analyst traineeship but don’t like your current role? This could be your chance to make your first job move – only two years’ experience in “investment banking in corporate finance / M&A / sector-team roles” is required. No languages aside from English are needed but you will need a solid track record of executing live transactions (it’s mandatory to attach a deal sheet when applying). While Credit Suisse’s Asian growth strategy is primarily focused on wealth management, the firm also wants to expand its investment banking platform in Asia at a time when rivals are pulling back. Expect to work closely with your private banking colleagues, however – Credit Suisse CEO Tidjane Thiam thinks his firm’s investment bankers are primarily there to serve the needs of entrepreneurial private clients.
Deutsche Bank is hiring an associate, equity analyst, Hong Kong
Deutsche is still hiring a bit in Asia, despite also making widespread layoffs. It wants an associate-level analyst to support its equity portfolio management team, ideally with three to five years’ experience of covering Chinese stocks (materials, energy and financials are the preferred sectors). Candidates who fit this bill have been in high demand across the Hong Kong finance sector for at least a year, perhaps explaining why Deutsche is trying to recruit before the post-bonus recruitment rush. You’ll need to be fluent in Mandarin and English and be tasked with generation of investment ideas, company research, daily portfolio reporting, cash balance tracking, placing orders, and monitoring portfolio guidelines.
UBS is looking for analyst / associate, investment banking, Singapore
UBS is keeping its options open and is welcoming applications from analysts (with one to two years’ experience) and associates (three to four years’). The job is about “assisting in the origination and execution of mandates to raise institutional capital for private equity funds [PE] and other long-term illiquid strategies in Asia, as well as providing distribution and general marketing support”. The focus on PE means associate-level candidates are “strongly recommended” to have PE experience, “whether on the buy side or peripheral industries (placement agency, fund formation legal advisory, financial sponsors coverage, leveraged finance etc)”.
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