• RT @efc_global: Our Financial Services Tech Job Report assess the ongoing impact of COVID-19 on tech hiring. Link
    eFinancialCareers Sun 20 Sep 2020 19:01

    How are tech job postings trending in the financial services industry? We just launched The Financial Services Tech Job Report - analyzing job posting data to provide a fuller picture of how employers are navigating the current landscape.

    The report analyzes technology job postings from financial services organizations across the first seven months of 2020 and includes the fastest-growing locations, employers, occupations and skills for three of the primary global financial markets: United States, United Kingdom and Singapore.

  • RT @efc_global: #WomenInTech and #Finance Virtual Career Event on Sept 24th. Register here: Link https://t.co/hzkecw6UFx
    eFinancialCareers Sun 20 Sep 2020 17:31

    Studies have shown that higher gender diversity is linked to lower turnover, higher creativity and more innovation. Companies are looking to strategically diversify their businesses by promoting inclusion. 

    The Women in Tech Virtual Career Event will enable diversity-focused recruiters to connect with unique, highly-skilled professionals in a safe and inclusive space. This unique virtual career event focuses on employers committed to diversity and inclusion across tech and financial services. 

    Register early: not only will employers will have access to your resume before, during, and after the event concludes, you have access to the employer’s content and job postings beforehand also.  Chat for up to 10 minutes with each recruiter and quickly make connections that could lead you anywhere!

  • RT @cichuck: #TechnoCool: One of Goldman's top IBD strats quit to do this - eFinancialCareers #pyton #python #pythonic #ml, #ai, #analytic…
    eFinancialCareers Sat 19 Sep 2020 15:50
  • RT @Blackboxtrends: When quants struggle to work from home | eFinancialCareers Get a Robot quants are burning one the stick https://t.co/fi…
    eFinancialCareers Sat 19 Sep 2020 15:20
  • RT @iamChuckRussell: #TechStuff: One of Goldman's top IBD strats quit to do this - eFinancialCareers #pyton #python #pythonic #ml, #ai, #a…
    eFinancialCareers Sat 19 Sep 2020 15:20
  • RT @efc_global: #WomenInTech and #Finance Virtual Career Event on Sept 24th. Register here: Link https://t.co/hzkecw6UFx
    eFinancialCareers Sat 19 Sep 2020 09:00

    Studies have shown that higher gender diversity is linked to lower turnover, higher creativity and more innovation. Companies are looking to strategically diversify their businesses by promoting inclusion. 

    The Women in Tech Virtual Career Event will enable diversity-focused recruiters to connect with unique, highly-skilled professionals in a safe and inclusive space. This unique virtual career event focuses on employers committed to diversity and inclusion across tech and financial services. 

    Register early: not only will employers will have access to your resume before, during, and after the event concludes, you have access to the employer’s content and job postings beforehand also.  Chat for up to 10 minutes with each recruiter and quickly make connections that could lead you anywhere!

  • Our Financial Services Tech Job Report assess the ongoing impact of COVID-19 on tech hiring. Link
    eFinancialCareers Sat 19 Sep 2020 02:25

    How are tech job postings trending in the financial services industry? We just launched The Financial Services Tech Job Report - analyzing job posting data to provide a fuller picture of how employers are navigating the current landscape.

    The report analyzes technology job postings from financial services organizations across the first seven months of 2020 and includes the fastest-growing locations, employers, occupations and skills for three of the primary global financial markets: United States, United Kingdom and Singapore.

  • #WomenInTech and #Finance Virtual Career Event on Sept 24th. Register here: Link https://t.co/hzkecw6UFx
    eFinancialCareers Fri 18 Sep 2020 21:24

    Studies have shown that higher gender diversity is linked to lower turnover, higher creativity and more innovation. Companies are looking to strategically diversify their businesses by promoting inclusion. 

    The Women in Tech Virtual Career Event will enable diversity-focused recruiters to connect with unique, highly-skilled professionals in a safe and inclusive space. This unique virtual career event focuses on employers committed to diversity and inclusion across tech and financial services. 

    Register early: not only will employers will have access to your resume before, during, and after the event concludes, you have access to the employer’s content and job postings beforehand also.  Chat for up to 10 minutes with each recruiter and quickly make connections that could lead you anywhere!

  • Former Goldman Sachs MD moves to top tech job in expanding trading firm Link
    eFinancialCareers Fri 18 Sep 2020 12:44

    Veteran technologist Tim Hooley, a former Goldman Sachs managing director, has joined e-trading firm MarketAxess in London as head of technology for EMEA and APAC, according to his LinkedIn profile.

  • When quants struggle to work from home Link
    eFinancialCareers Fri 18 Sep 2020 11:44

    If you work in financial services, you’ve likely been working from home for months. Even after things are back to normal, many banks look likely to make work from home at least a partial option. So, if you’re a quant or developer what are the tips to work from home?

    Keeping track of what’s going on

  • JPMorgan and the "electronification of everything" Link
    eFinancialCareers Fri 18 Sep 2020 10:04

    Banks are big spenders on technology. JPMorgan alone spent nearly $10bn on communications, equipment and technology last year and Daniel Pinto, JPMorgan's co-president and CEO of the investment bank says thois spending has been more than vindicated by the pandemic: “This bank has spent an awful lot of money on technology. It now turns out that every penny was well spent," Pinto told Euromoney this month. “We have always thought it was vital to invest in technology infrastructure – and that will be even more of a priority in future.”

    If technology jobs were important in banking before COVID-19, therefore, they stand to be even more important in future. Speaking at this week's Barclays' Global Financial Services Conference, JPMorgan CFO Jen Piepszak said that post-COVID 19, success in banking is about digitization and scale. The story is now about the "electronification of everything," said Piepszak. In consumer banking,...

  • Bizarre conspiracy theories at Citi Link
    eFinancialCareers Fri 18 Sep 2020 07:49

    It’s probably unsustainably old-fashioned in the modern market to follow the traditional advice to keep politics and religion out of the office, as if it were some kind of country club. But the maxim existed for a reason; subjects which touch on people’s most heartfelt beliefs can often lead to arguments and harsh words undermine professional teamwork. So even today, bankers would be well advised to keep controversial subjects to a minimum, a piece of advice which applies even more strongly to those whose views are…a little bit out of the mainstream. For example, if you’re a devotee of the Qanon conspiracy, a sprawling and all-encompassing theory that the US government has been taken over by a Satanic cult, it’s probably best to keep that to yourself during working hours, as far as possible.

    Jason Gelinas, a director in Citi’s IT operations, seems to have tried his best. He even lists “Citi” as his only interest as well as his employer on his...

  • One of Goldman's top IBD strats quit to do this Link
    eFinancialCareers Thu 17 Sep 2020 14:58

    Frederic de Sibert knows a thing or two about the "digitalization" of banking jobs. In a 12-year career at Goldman Sachs, he spent four years working in the strats unit attached to the investment banking division (IBD), and founded IBD strats in Europe the Middle East and Africa (EMEA). Now, de Sibert has quit to do his own thing.

    “I restarted the London IBD strats group, and we embedded the strats – who are effectively data scientists – into the front office," says de Sibert. "Change is coming, and both our leadership and engineering organisations are investing heavily in it, but I suspect it will be a multi-year process. “

  • Deutsche Bank and UBS have got a new way of making traders want to work for them. Link
    eFinancialCareers Thu 17 Sep 2020 13:58

    If you work for Deutsche Bank in New York City, you don't need to go back into the office for a while yet: in a town hall yesterday, Matthias Krause, chief of staff for the Americas, informed DB U.S. staff they won't need to return until 2021. Similar things seem to be afoot at UBS, which only has 10% of its London staff in the office and is pursuing a 'people-led approach' to getting the rest back in, with no firm dates for return.

    By comparison, JPMorgan wants executive directors and managing directors in its sales and trading business to return next Monday. And Goldman Sachs 'invited' its senior staff back to the office at the end of August. 

  • "Male traders keep hitting on me after job interviews" Link
    eFinancialCareers Thu 17 Sep 2020 12:13

    This is obviously a difficult time to look for a job. However, like many people in the market I am looking for a new role. My experiences have been so startling, and so contrary to what you'd expect in 2020, that they need to be shared. 

    I'm a Caucasian fixed income saleswoman. I was raised in Europe and am looking for a new role in Asia - specifically, in Hong Kong. It is proving a nightmare. 

  • Barclays tipped to start hiring technologists again in Singapore Link
    eFinancialCareers Thu 17 Sep 2020 11:28

    Barclays’ announcement that it will build and deploy its latest FX trading and pricing engine in Singapore will bolster an already hot job market for developers with FX experience, say recruiters.

  • Morgan Stanley’s Hong Kong salaries and bonuses: the reality Link
    eFinancialCareers Thu 17 Sep 2020 09:13

    But while getting a front-office investment banking role at Morgan Stanley in Hong Kong is likely to be a good career move, how much might the bank pay you once you come on board?

    To give you an approximation of Morgan Stanley’s Hong Kong salaries in IB, we reviewed self-reported Glassdoor base salary and bonus numbers for Morgan Stanley across the four seniority levels that the website has sufficient data for: analyst, associate, vice president, and executive director.

    IB pay at Morgan Stanley in Hong Kong obviously varies from banker to banker and according to individual performance, so the figures in the table below should be seen as approximate and general guidance. Moreover, we only reviewed Glassdoor’s high-range annual salaries (i.e. for top performers) at Morgan Stanley, because they better reflect the earnings of front-office investment bankers, who are typically paid more than their peers in other functions. The figures do not apply to...

  • Bank of America is hiring students globally for its Paris office Link
    eFinancialCareers Thu 17 Sep 2020 08:58

    In the early 2000s it came as something as a shock to graduates in the UK when they found themselves competing for banking jobs with the top students from across Europe. Now, something similar could be happening in Paris.

    Bank of America (BofA), which has around 400 people working at its office at La Poste in the eighth arrondissement, is hiring students to all its business lines in France for 2021.

  • Bank of America is hiring students globally for its Paris officehttps://news.efinancialcareers.com/uk-en/3004459/bank-of-america-graduate-jobs-paris?utm_source=GLOBAL_ENG&utm_medium=SM_TW&utm_campaign=FANS
    eFinancialCareers Thu 17 Sep 2020 08:58
  • UBS's new tactic for encouraging bankers into meetings. Top female trader explains why women quit Link
    eFinancialCareers Thu 17 Sep 2020 08:28

    UBS really likes its investment bankers to have meetings. Two years ago, it issued an edict saying that its managing directors needed to attend roughly 250 face-to-face client meetings every year, rising to 300 for country-focused bankers (who presumably had less far to travel). At we noted at the time, this amounted to at least one client meeting every working day. 

    If you like your bankers to have face to face meetings, the pandemic has obviously been a bit of an issue. While some bankers boast of increased productivity working 15 hour days on Zoom alongside a menagerie of pets and children, there have also been complaints that it's difficult to win new business when you're at the remove of a screen.

  • RT @FdpInstitute: "Now that (senior) staff have woken up to the fact that #WorkingAtHome can offer a higher quality of life, banks offering…
    eFinancialCareers Wed 16 Sep 2020 14:56
  • People are calling finance recruiters and asking for jobs like this Link
    eFinancialCareers Wed 16 Sep 2020 13:51

    Summer vacations are over and some people are thinking of applying for new jobs. Not just any jobs though. The finance jobs that people want to move into now typically have one thing in common: they're remote, and will remain that way.

    "I am constantly am getting candidates who are saying, even for trading roles, "Can we work remotely? - We want to work remotely," says one headhunter who works with traders and developers in banks and hedge funds. "Through lockdown people have seen that they prefer working from home, but financial institutions have begun asking people in front office roles to go back. Generally, people prefer home - they're asking if I have remote working positions as an alternative."

  • RT @DonnaSvei: How to get an internship at a top technology firm | @eFinancialCareers https://t.co/ggkdDKb2UB https://t.co/4yBfpb3bQz
    eFinancialCareers Wed 16 Sep 2020 13:51
  • Should you postpone your December CFA exam to 2021? Link
    eFinancialCareers Wed 16 Sep 2020 12:26

    As the December 2020 CFA® exams approach, I'm getting lots of candidates asking me many variations of the same question - is it a good idea to postpone the CFA exam from December 2020 to a 2021 date?

  • “It hasn’t caused an issue”: UOB staff take pay freeze on the chin Link
    eFinancialCareers Wed 16 Sep 2020 12:01

    Back in April, DBS, OCBC and UOB all pledged not to cut jobs during the pandemic. Although global banks made similar early commitments, some of them – notably HSBC and Deutsche Bank – resumed their restructuring plans by the summer. “We’ve had plenty of people ask us whether we’re still committed to not making layoffs – we are,” says a senior source at one of the three local banks.

    But while current roles are being retained, the firms have been forced to tighten their belts in other ways after suffering large falls in first-half profits. UOB is a case in point. Following an internal memo seen by Bloomberg, the bank has confirmed that it has frozen salaries. It will revise its stance as the “external environment improves”, Dean Tong, head of group human resources, said in a statement sent to eFinancialCareers.

    A UOB insider told us that the bank’s pay decision was “expected and reasonable in the circumstances”. “It hasn’t caused an issue here, at...

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