UK
Hot but boring jobs you may not have thought of
26 May 2009
Things are picking up a bit, but unless you’re a senior M&A banker times are still hard. If you’re at the stage where you’re toying with becoming a security guard, you may want to consider one of the options below.
1. Asset servicing/ corporate actions
It is not very exciting, but there are lots of jobs the corporate actions area of asset servicing according to Mike Hartwell, managing director of operations search firm Hartwell Buck. “Virtually every organization is recruiting into this space, either to work on their existing processes or to change the processes they’ve already got,” says Buck.
For those who don’t know, corporate actions professionals are responsible for collecting dividend and coupon payments for securities owners. Unfortunately, Buck says most jobs go to people who’ve spent years doing this.
2. Investment marketing/RFP and sales support process
Filling out RFP (request for proposal) forms for fund managers soliciting new investments is not the most interesting job in financial services, but it is solid and there is hiring. “Funds are trying to generate more revenue so they are interested in adding to RFP teams,” says Clare O’Brien of recruitment firm FSS City. Again, experience of such things is preferable.
3. Compliance/KYC
Know your client (KYC) jobs are interesting if you unearth Osama Bin Laden, but mostly involve administrative work. They are hot, according to Andrew Hanson, head of risk management and compliance at Robert Walters. “KYC professionals go through a number of relevant checks on the background of a client to confirm that they are who they say they are,” he explains.
If you once worked in the front office and want to do these (less exciting) jobs, you will still need to work very hard at getting one. “So many people have been made redundant from operations jobs that there are a lot of people out there with exactly the right kind of experience,” says Hartwell.
bit depressing, isn't it?
Aren'tIgladI'mnotlookingforajobrightnow 26 May 2009
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