eFinancialCareers

A dearth of mid-level professionals amid a general candidate crunch has made Australia even more attractive for northern hemisphere finance professionals seeking more sun, surf and sports. But recruiters say there are some critical factors to consider before you move Down Under. A global candidate shortage has driven the growth of cross-border traffic, with Australia’s talent pool being drained by opportunities offshore in Asia, London and New York. This, combined with... Read more

With a historically low unemployment rate of about 5% in Australia, the financial services sector continues to boom ahead at a great speed. That’s good news for candidates but a tougher market for employers out recruiting as the talent pool is thinner on the ground. According to Angus Price, a partner from search firm Derwent Executive, it’s not just investment banks and fund managers that are actively hiring but also corporates growing... Read more

When it comes to having a few ‘mistruths’ on your resume, or ‘inflating’ your salary to a prospective employer, don’t even let it cross your mind. These days, it is common practice for a company to run a detailed background check on an applicant. In fact, gone are the days when all a company does is contact the referees that the candidate has nominated. Angus Price, a partner from search firm... Read more

While there may not be a shortage of suitable foreign exchange sales candidates in Australia at the moment, if you can't tick all the boxes or you want to make a career move into FX, there are still ways in. Lorraine Ryan from Chandler Heath Recruitment says that if a candidate is able to bring over existing client contacts, they are monetarily compensated for this. For offshore applicants without an Australian... Read more

Last week South Australian-based Funds SA appointed Hong Kong-based Lloyd George Management to manage an Asia ex-Japan equities mandate worth A$66 million. Launched last December, the Myer Family Office is also a seed investor in Lloyd George’s Asia-ex Japan fund. Moving with the times Not only are mandates leaving our shores - international banks are looking overseas to hire high-quality candidates. “In the past, the UK and the US have been... Read more

A new survey suggests that finance and human resources staff in the UK, Australia and Ireland move overseas for the pure joy of travelling. By comparison, their counterparts in France and Germany tend to move abroad for career reasons. The survey, of 1,800 international finance and HR professionals by Robert Half International, found that 68% and 63% respectively of those surveyed in France and Germany cited a career move as the... Read more

Risk management practices have been thrown into the limelight over the past few years thanks to incidents such as Barings Bank nearly being destroyed by Nick Leeson or, closer to home, the unauthorized foreign exchange losses that plagued NAB. The need for stricter risk management procedures has led to more and more banks employing econometric modelers for risk management roles. Emma Cassidy, an account director at Bluefin Resources, says that over... Read more

Solicitors say UK government plans to introduce a new points-based immigration system will make it easier for non-EU financial services employees to work in the country. Julia Onslow Cole, a partner at law firm CMS Cameron McKenna, says in future most banking employees will be able to enter the UK without lining up a job in advance. Under the new system, migrants who amass more than 75 points after meeting a... Read more

Bankers are sitting on a profit of more than $25bn (€21bn) on their share options on the back of the meteoric rise in financial stock prices on both sides of the Atlantic over the past 12 months. The recovery in banking stocks has left staff at the biggest US and European banks with share options worth a total of almost $100bn at the start of this year. Figures compiled by Financial... Read more

Summer is coming to the City of London and Wall Street, but that won't do much for investment bankers cosseted in air conditioned offices far from a decent beach. By contrast, Sydney bankers are spending the coming down-under winter reminiscing about surfing and lolling about on the city's 37 beaches. It's a distinction worth noting. Not only is Sydney a good place to live (with stretches of world class sand and... Read more