DBS’s head of sustainability reporting, Tan Chee Wee, has left to become the senior environmental and social specialist (private sector) for the Asian Infrastructure Investment Bank (AIIB). Tan has relocated from Singapore to Beijing to take on his new job at AIIB, a multilateral development bank that aims to improve economic and social outcomes in Asia and is based in the Chinese capital.  

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.

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!

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!

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.

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!

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.

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

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,...

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...

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. “

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. 

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’ 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.

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...

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.

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.

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."

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?