Wednesday, April 9, 2014

Singapore IB's Hiring 'Washed Out' Traders in Compliance Roles

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In this newsletter we report from the eFinancialCareers roundtables for HR professionals in Hong Kong and Singapore. We explain why banks still love recruiters and why they are paying big money to attract compliance talent. We also tell you about the unusual way that Chinese banks buy out deferred bonuses when they hire.
News News
Big banks in Asia make surprise confession: "We're not cutting back on agency recruiters"
As recruitment starts to pick up in Asia, banks are finding that their in-house hiring teams are too lean to meet the rising demand for new staff.
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Investment banks in Asia hiring 'washed out' traders for compliance roles, doubling pay
Want to work among the nouveau riche of Asian banking? You are advised to consider compliance - a role where pay rises exceed those of the front office and banks are trying to fill Asian talent shortages by retraining "washed out" traders.
Read more
Behold the banks in Asia that buy out deferred bonuses with cash guarantees
Chinese banks typically pay a cash sign-on bonus and give you another guaranteed payment after a year.
Read more
One 21st century interview blunder that you must avoid
Despite all the recent stories we've heard of mind-numbingly bad resumes and cover letters, the biggest recruiting bombs still go off in the interview room.
Read more
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