eFinancialCareers

With international banks expanding their business in China and the local regulators placing more emphasis on compliance issues, demand for compliance professionals is on the rise. However, due to a limited pool of experienced talents, the turnover rate for these position is high and banks are having to lure them with financial incentives. Since the China Banking Regulatory Commission (CBRC) issued the Guidance on Compliance Risk Management in Commercial Banks... Read more

Singapore has come in fourth in a global ranking of 75 financial centres. According to the Global Financial Centres Index, Singapore is placed behind London and New York, which tied for first place, as well as Hong Kong, which was ranked third. . (938 Live) AIG will deliver about US$46m in bonuses today to former employees of the bailed-out insurer’s derivatives trading unit, said a person briefed on the company’s plans.... Read more

ANZ and Commonwealth Bank of Australia (CBA) are aggressively taking on talent in a bid to catch up with more established foreign banks in China. The first ANZ rural branch opened in Chongqing last year, and the firm is aiming to boost its current network of two branches and a representative office by opening more than 20 new branches by 2012. Last year, bank officials said headcount in its retail banking... Read more

Banks made a lot of their layoffs way back in Q4 2008 and Q1 2009, but the job market only really picked up late last year. This means there are people, quite a few people, who have now been looking for work for a whole year (or more). In many cases, the stigma of a year’s unemployment could be stifling their job searches, and leaving them with much explaining to do... Read more

Recruitment is on the rise in Asia, but the GFC has taught employers to come down harder than ever on serial job hoppers. If you think you might fall into this unfortunate category, the following article will no doubt make fairly depressing reading. Are you a job hopper? Candidates with less than two years’ experience in their current role should ideally stay put, gain more experience and try to progress internally,... Read more

1) What was that job again? Banks are back in hiring mode and some of them have hundreds of roles open across several departments. Give HR and recruiters a break and include the position you are applying for in the introductory paragraph of your cover letter, says Jason Hemens, manager, Michael Page International. 2) Know the managers name… To make sure your cover letter stands out, do not start it with a generic... Read more

The stereotype of the private banker in Asia is not the grey-headed Swiss-style industry veteran, but the attractive young charmer. Although banks have very recently been scrambling for senior relationship managers, their former hiring polices have created a largely youthful wealth-management workforce. Just ask headhunters, many of whom say that in Singapore they have dealt with fully fledged private bankers in their late 20s or early 30s. These people... Read more

The Philippines is not just a call-center haven and an outsourcing hub. The country is now attracting niche financial jobs and looks set to reap further rewards from Wall Street's continued cost cutting. Foreign banks are hiring more accountants, audit managers, chief financial officers, controllers, and financial planning managers to work in the country. Meanwhile, Filipino finance professionals are upgrading their skills and equipping themselves with sought-after qualifications, such as CFAs,... Read more

Last week we asked you to submit your resumes to be reviewed by the kind, intelligent readers of eFinancialCareers in Asia. Today we present our first CV for your critique. Just use the comments box below to offer your insights into why this guy can’t get a job. “I recently moved from the UK to Hong Kong. Prior to shifting over here, I was working on a European Government bond... Read more

The pressure to ramp up revenue and keep clients is mounting on private bankers in Asia. Take the unfortunate case of six former UBS bankers in Singapore. The team, which serviced Turkish clients, was poached from Credit Suisse just two years ago, but it has now been given the boot. UBS believes it can look after the Turks without paying six expensive salaries. Credit Suisse refused the bankers' request to take them... Read more