Investment Banking

Investment Banking

Selby Jennings: Recruitment Partner for financial sciences & services in Singapore

Our financial sciences & services team provides permanent, contract, and multi-hire recruitment from our office in Singapore.

For nearly 20 years, our clients and candidates have had peace of mind that their specialist Corporate & Investment Banking recruitment process is in safe hands.

From streamlining processes and upskilling workforces, to staying cutting edge by employing flexible work models, we advise enterprise leaders on when to strike and how. We also provide expert insights to Investment Banking professionals on benchmarking benefits packages and salaries and assist them through their career moves.

Whether you’re interested in securing the very best Corporate Banking talent in Singapore or you’re an investment banker looking for Investment Banking Associate jobs in Singapore, Corporate Banking Analyst jobs, or Corporate Banking entry-level jobs, the Selby Jennings Corporate & Investment Banking team connects exceptional talent to industry-leading clients.

Benefits of working with Selby Jennings

We are a specialist talent/recruitment partner. Among the many benefits of working with Selby Jennings Corporate & Investment Banking team located in Singapore:

Experience

We have nearly 20 years of experience as a leading recruiter in financial sciences & services.

​Network

A vast, global network of the best, in-demand professionals, working with the world’s largest financial institutions to innovative fintech start-ups and beyond.​

​Knowledge

Our award-winning talent specialists offer bespoke, tailored guidance on the latest hiring trends and industry news to help you achieve your goals.

At Selby Jennings, we believe in fostering long-term partnerships based on trust, integrity, and mutual success. We strive to provide personalized solutions tailored to your specific requirements, offering flexible options to accommodate your Investment Banking hiring preferences. Whether you need to fill critical positions quickly or are seeking strategic talent acquisition solutions, we have the resources and expertise to deliver results. Submit your vacancy to us today.

Take the first step towards overcoming your talent shortage today by completing the form. Our team looks forward to speaking with you to explore how we can partner with your organization to meet your Corporate & Investment Banking recruitment needs in Singapore efficiently and effectively.

Corporate & Investment Banking Jobs

TMT Vice President

This client is an independent merchant bank and advisory firm focused on M&A and Capital Raises in the TMT sector. They are looking to bring on a Sr. Associate/VP that has experience executing. With senior bankers coming from prestigious firms, junior professionals have the chance to work on a high volume of transactions. With a very competitive compensation structure and an extremely healthy work/life balance this opportunity is perfect for someone that wants more execution experience and is ready to add value to a team on day 1. Responsibilities: Lead the execution of transactions from inception to completion, including due diligence, financial modeling, valuation analysis, and deal structuring Conduct industry research and analysis to identify market trends, competitive landscapes, and potential transaction opportunities Develop and maintain client relationships, acting as a trusted advisor and providing strategic insights and recommendations Collaborate with cross-functional teams internally to deliver comprehensive solutions tailored to client's needs Assist in the mentoring and development of junior team members, providing guidance and support as they grow in their roles Qualifications: Bachelor's degree in finance, business, or a related field; MBA or advanced degree preferred 5+ years of experience in investment banking with a focus on TMT transactions Strong financial modeling and valuation skills, with proficiency in Excel and financial analysis tools Proven track record of executing M&A transactions and capital raises within the TMT sector Excellent communication and interpersonal skills, with the ability to interact effectively with clients and internal stakeholders Detail-oriented, organized, and able to manage multiple priorities in a fast-paced environment

Negotiable
New York
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Investment Banking Associate - Charlotte

Title: Investment Banking Associate - Generalist Company Summary: We are currently partnered with a Leading MM Investment Bank looking to add an Investment Banking Associate to their growing team. This Associate will have the opportunity to join a team with some of the best and most influential bankers, gaining sell-side M&A reps and experience. The Investment Banking Associate will be responsible for: Preparing and delivering presentations throughout the deal execution period. Assisting in the execution of M&A transactions, such as financial modeling, valuation, comparable and relative value analyses. Conducting extensive industry, market and company-specific research. Building and maintaining client relations with established and prospective clients. Mentoring, training and supervising analyst level bankers. The Investment Banking Associate should have the following qualifications: 2-5 years of Investment Banking sell-side M&A experience. Bachelors in Finance, Economics, Business or related fields. MBA preferred not required Perks: Extremely close-knit, welcoming, entrepreneurial and laid back culture Pay top of market for compensation They provide an extremely stable environment Did not go through layoffs - they will not and do not do mass hiring initiatives Did not do massive bonus cuts If you are interested in this Investment Banking Associate role, then please don't wait to apply.

Negotiable
Charlotte
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Corporate Development Senior Associate

Corporate Development Senior Associate - Dallas, TX We are looking for an experienced Corporate Development Associate to join a leading financial services firm in Dallas, TX. The successful candidate will be responsible for supporting the corporate development team in executing mergers and acquisitions, strategic partnerships, and other corporate development initiatives. Responsibilities: - Attend conferences and industry events to build relationships and generate pipeline opportunities - Conduct research on target companies, industries, and markets - Analyze financial statements and prepare financial models - Prepare presentations and other materials for senior management - Collaborate with cross-functional teams across the organization Skills and Experience: - Bachelor's degree in finance, accounting, or a related field - 2+ years of experience in Consulting or Transaction Advisory - Strong financial due diligence and financial modeling skills - Excellent communication and presentation skills - Ability to handle multiple complex and competing priorities

Negotiable
Dallas
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Investment Banking Associate, Consumer

Our firm is working with a boutique investment bank looking to bring on an Associate to join their high-performing Consumer focused team in the Los Angeles area. The platform is well-known for having an impecable track record and a strong culture comprised of amicable, sharp, & diverse individuals. They've worked with and represented a number of name brand companies, truly making a name for themselves in the lower middle market / middle market consumer space. The ideal candidates for this position will be current Associates or Senior Analysts with strong sell side M&A experience, with previous Consumer & Retail experience highly preferred but not required. This is an in office role so candidates must be based in Los Angeles or being able to relocate. Qualifications: 2-4+ years Investment Banking experience Consumer and Retail coverage preferred Experience building financial models, valuations, pitchbooks, CIMs, etc. Excellent communication skills, both verbal and written Experience mentoring & directing juniors Ability to work in a fast-paced environment with high-level clients If interested in this role, apply in directly & we'll be in touch to share more info!

US$150000 - US$200000 per year + bonus
Los Angeles
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Corporate Development Analyst

Corporate Development Analyst will be responsible for: Strategy Development and Implementation Support our annual strategy planning process: develop strategy materials (PowerPoints) summarizing market developments, financial performance, product comparison, and key strategic questions Help frame issues and strategic initiatives through financial modeling (eg, identifying highest ROE areas for investment, financial effects of key strategic initiatives, etc); work with business intelligence and finance to develop and vet data and analysis underpinning strategic issues and decisions Track and analyze market trends including technology developments, market-leading research, and peer strategic activities The Corporate Development Analyst should have the following qualifications: 2-3 years experience in investment banking/mergers & acquisitions, family office, private equity, or management consulting at the analyst or associate level Strong analytical and financial modeling skills; proficiency in Excel Strong presentation development skills; high proficiency in PowerPoint and Word Familiarity in reading financial statements and understanding basic accounting principles Complex problem-solving skills; innovative with the ability to create differentiated analysis based on the situation Undergraduate degree in finance, economics, computer science, or other business fields If you are in interested in the Corporate Development Analyst role, then please don't wait to apply!

Negotiable
Denver
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Investment Banking Analyst

Investment Banking Analyst will be responsible for: Preparing and delivering presentations throughout the deal execution period. Assisting in the execution of M&A transactions, mostly on sell-side M&A, some buy-side M&A. Conducting extensive industry, market, and company-specific research. Building and maintaining client relations with established and prospective clients. Investment Banking Analyst should have the following qualifications: 2+ years of Investment Banking experience. MBA or Bachelors in Finance, Economics, Business or related fields. Strong M&A deal experience. Experience building DCF and LBO models from scratch. If you are interested in the Investment Banking Analyst role, then please don't wait to apply. Email me copy of your resume and we can schedule a time to chat!

Negotiable
Washington
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Corporate Development Manager

Title: Manager Corporate Development Company Summary: We are currently partnered with a leading private equity backed IT Services & Consulting company that is doubling in size annually, looking to be highly acquisitive moving forward and looking to add a Corporate Development Manager to their team in Denver, CO. This opportunity would provide a leaner team structure, global exposure, and high visibility to senior level executives and the private equity partner. In addition, you would have the opportunity to work across capital raising, acquisitions, principal investing, and strategy. Responsibilities: Strategy Development and Implementation Support our annual strategy planning process: develop strategy materials (PowerPoint's) summarizing market developments, financial performance, product comparison, and key strategic questions Help frame issues and strategic initiatives through financial modeling (eg, identifying highest ROE areas for investment, financial effects of key strategic initiatives etc); work with business intelligence and finance to develop and vet data and analysis underpinning strategic issues and decisions Track and analyze market trends including technology developments, market-leading research, and peer strategic activities Corporate Development Manager Qualifications: 2-4 years experience in investment banking / mergers & acquisitions, private equity or management consulting at the analyst or associate level Strong presentation development skills; high proficiency in PowerPoint and Word Strong analytical and financial modeling skills; proficiency in Excel Familiarity in reading financial statements and understanding basic accounting principles Complex problem-solving skills; innovative with ability to create differentiated analysis based on the situation Undergraduate degree in engineering, economics, computer science or other science fields If you are in interested in the Corporate Development Manager role, then please don't wait to apply!

US$140000 - US$140001 per year
Denver
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Mergers and Acquisitions Analyst

Title: Mergers and Acquisitions Analyst Company Summary: We are currently partnered with a leading M&A Advisory firm that is looking to add a Mergers and Acquisitions Analyst to their team. This Mergers and Acquisitions Analyst will have the opportunity to join a very active team and gain extensive M&A experience across a variety of industries. This position will sit in Austin, TX. Mergers and Acquisitions Analyst will be responsible for: Conduct financial and strategic analysis across companies, including financial modeling and valuation analysis Develop and maintain relationships with clients and other key stakeholders Work closely with senior bankers to manage transaction processes and timelines Prepare marketing materials and presentations for clients and investors Participate in due diligence and negotiation processes Stay up-to-date on industry trends and developments Mergers and Acquisitions Analyst should have the following qualifications: 1-3 years of experience in Investment Banking. Technology or Healthcare experience preferred. Bachelor's in Finance, Economics, Business or related fields. If you are interested in the Mergers and Acquisitions Analyst role, then please don't wait to apply.

Negotiable
Austin
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Investment Banking Vice President

Title: Investment Banking Vice President Company Summary: We are currently partnered with a Boutique Investment Bank looking to add on talent at the VP level to their team in Washington D.C.. This candidate will have an Investment Banking background within the FIG sector with strong M&A deal experience. This candidate will have the opportunity to be a deal executioner, run projects and manage supporting staff. Responsibilities: Leading a specific practice or product area, as applicable, and developing thought leadership in target sectors Managing deal execution, run projects and help manage a lean deal team Overseeing due diligence processes and materials Working closely with Managing Directors to execute on M&A deals Qualifications: 5+ years of Investment Banking experience A background in the FIG sector Strong M&A deal experience MBA or Bachelors in Finance, Economics, Business or related fields If you are interested in this role, then please don't wait to apply.

Negotiable
Washington
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Investment Banking - Senior Associate, Digital Infrastructure

My client, a leading Technology Investment Banking Boutique is looking to hire a Senior Associate to join their Digital Infrastructure team based in London. You would be joining an established team with over 20 years of experience, as well as a strong track record of advising private equity, infrastructure funds, corporates and founders covering buy-side, sell-side and financings with enterprise values ranging from ~$100m to over $2bn, and with the vast majority of deals being cross border. Requirements: Assist in the targeting and closing of new deal opportunities Prepare and deliver pitches and other presentations for prospective clients Assist and lead M&A deals end-to-end, including sell- and buy-sides, growth equity and financial sponsor transactions Review junior team member outputs Train and coach junior team members Maintaining client and key stakeholder relationships Building own network and relationships with relevant industry participants Knowledge & Experience: Minimum 5-7 years' of experience in M&A Investment Banking, Corporate Development, Private Equity or Venture Capital Prior transaction experience across digital infrastructure or TMT transactions Entrepreneurial mindset with Passion for technology, either demonstrated through past work experiences, academic background and / or other extracurricular activities Skills, Abilities & Personal Qualities: Strong analytical and quantitative skills, particularly valuation (including LBOs, sensitivities and returns analysis) and financial modelling Ability to work independently in an international team, supporting senior members and coaching and mentoring juniors Self-starter, with a proactive approach in taking the initiative on deal-related and other business matters Ability to speak a foreign European language would be highly beneficial, but not a must Excellent communication skills, both written and oral, shown by prior experience working with high-calibre clients If you are a Senior Associate with prior experience in TMT/DI, looking to join an elite platform with a strong deal flow and an outstanding organizational culture, then this is the opportunity for you! Apply today!

Negotiable
London
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Investment Banking - Healthcare, MD

Join a distinguished financial institution at the forefront of innovation and impact. We are seeking an accomplished leader to assume the pivotal role of Managing Director, Investment Banking, specializing in the dynamic and rapidly evolving healthcare sector. This is a rare opportunity to lead a high-performing team and drive strategic initiatives that shape the future of healthcare finance. Key Responsibilities: Strategic Leadership: As Managing Director, you will provide visionary leadership, guiding the investment banking team to new heights of excellence within the healthcare domain. Develop and implement innovative strategies that align with market trends and regulatory landscapes. Client Engagement: Foster and strengthen relationships with key clients, stakeholders, and industry influencers. Utilize your extensive network to drive business development, originating and closing high-impact transactions in the healthcare sector. Financial Expertise: Bring your seasoned financial acumen to the table, overseeing complex financial analyses, valuations, and risk assessments. Drive the development and execution of financial strategies that maximize value for clients and the organization. Cross-Functional Collaboration: Collaborate with cross-functional teams, including legal, compliance, and other key departments, ensuring seamless execution of transactions. Foster a culture of collaboration, innovation, and excellence. Market Insight: Maintain a deep understanding of the healthcare landscape, staying ahead of industry trends and emerging opportunities. Provide thought leadership to clients and internal teams, contributing to the development of cutting-edge financial solutions. Experience: Proven track record in senior leadership roles within investment banking, with a focus on healthcare sector transactions. Extensive network within the healthcare industry and a history of successfully originating and closing complex deals. If you are an MD Healthcare specialist looking to join a leading Investment Bank in London, apply today!

Negotiable
London
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Corporate Banking - Team Head

Responsibilities: Develop and maintain business with cross-border clients Structure various banking products to meet clients' needs Products covered in the role are primarily deposits, also including loans and insurance Lead and responsible for a team of RMs Manage relationships with internal and external shareholders Requirements Strong education background attained from relevant major Solid experience in corporate and commercial banking Proficiency in written and spoken English and Mandarin Leadership Experience

Negotiable
Hong Kong
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Corporate & Investment Banking News & Insights

Southeast Asia Salary Guide 2023 Image
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Southeast Asia Salary Guide 2023

​Stay Ahead in Southeast AsiaDiscover the 2023 Salary Guide for Hiring and Job HuntingDetermine what you should be paying your employees, or how much you could be earning.Stay ahead of the competition with valuable insights into salary trends, bonus structures, and compensation benchmarks across various roles and sectors within the Southeast Asia region. Our comprehensive 2023 Salary Guide is specifically tailored to provide you with the information you need for successful hiring and job hunting in Southeast Asia.Whether you're a professional seeking to understand your remuneration better or an employer looking to attract and retain top talent, our salary guide is your essential resource. With in-depth analysis and up-to-date data, you can make informed decisions that maximize your financial success.Our latest salary guide covers the following sectors:​Investment BankingInvestment ManagementWealth ManagementQuantitative Analytics, Research & TradingRisk ManagementFinancial TechnologySales & Trading

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Investment Management Singapore Salary Guide

​​As a hiring manager, knowing the market rate for the positions you are looking to fill is critical to sourcing, retaining, and rewarding top talent. By downloading our Selby Jennings Singapore Salary Guide, you can quickly and easily access up-to-date salary and bonus information in private equity, private credit, investor relations, public markets/hedge funds and real estate.Our salary and bonus guide provides detailed salary information for both public and private sectors covering the following job titles:​Hedge Fund Portfolio ManagerAsset Managers, Equity/Fixed Income Research - Director ResearchAsset Managers, Portfolio Manager (Equity/Fixed Income) - Senior Portfolio ManagerPrivate Equity Real Estate Vice President/PrincipalDownload our Selby Jennings' 2023 Singapore Investment Management Salary Guide today to ensure you are offering competitive salaries.​

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Investment Management Hiring Insights

​As the Investment Management market experiences serious change - undergoing profound transformation and grappling with a mixed economic picture worldwide - it’s never been more important to take stock of the hiring landscape, both as a business in the market for the very best talent, and for professionals considering their career options. The latest Selby Jennings Investment Management report on hiring will guide you through: Download the Investment Management Hiring Insights report here.​​​​

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Tech in Singapore - Large Investments Call For Scarce Talent

​The InvestmentA pivotal moment in distributed ledger technology (DLT) development has just taken place in Singapore, with the government investing S$50 million to create a global digital trust market in the city-state. Over the next five years, this multi-million investment will develop digital trust capabilities that can enhance data privacy, create more secure transactions, greater accountability, transparency, and improved governance. Currently, DLT, a part of blockchain, is almost exclusively used in the cryptocurrency sector except for a few industry applications. While the DLT and blockchain players can expect invigorating activities in this new digital trust push, a major concern arises on whether there is enough talent to drive this initiative forward. The Talent“The talent needed for this will typically be software developers and engineers with skills in DevSecOps, which is about application and infrastructure security. Additionally, open-source software including programming languages like C++, Python and Java will also be essential,” says our Assistant Vice President of technology practice – Jin Han Tan, in a recent interview with TechGoondu. Tan states “Another group of desirable talent are the low latency/ultra-low latency developers and those with working experience in ultra-low latency environments.”These professionals have the technical know-how to optimize a very high volume of data messages with minimal delay or latency which is often a requirement for DLT. The highest demand lands on mid-level executives with about 8-12 years of experience in DLT who can apply their skills to the business. “They would be earning about $180,000 a year, but often a price war will take place because each candidate will have 4-5 offers on hand” Tan explains.The Gap In-BetweenTech talent is already in short supply, even more so in these new emerging technologies. Last year, Minister Vivian Balakrishnan, who was overseeing Singapore’s Smart Nation program highlighted that about 60,000 tech professionals are needed as the country pushes industries to digitalise.Currently, the tech job market is divided into two pools. One is made up of younger tech professionals with strong foundational training and degrees in computer science and related disciplines, but not enough working experience. The other pool comprises of industry veterans with about 20 years who have to pick up distributed ledger technology to stay ahead. Tan says that many struggles to transit to the new technology. The acute shortage is not going to let up anytime soon, Tan says. “There just is not enough academic courses available in the blockchain. There are training courses but nothing close to a full degree.”Looking Outside to Fill WithinWith the gap between Singapore’s ambitious investments and their current talent pool stretched so wide, this shortage could very well entice many tech professionals of ranging seniority to the city-state. Although 60,000 tech professionals required is a tall order to fill, our Global Job Confidence Index 2021 showed that APAC financial services professionals expressed the highest willingness to relocate worldwide – specifically to Singapore.In our recent Mid-Year Market Review, the Technology team lead describes that global companies are working to move talent internally or remotely onboard new talent until travel restriction eases. At Selby Jennings, we foresee the ever-demanded need for Technology professionals to continue across all sectors of the tech function. Read the original interview with TechGooDu here.Looking to fill your hiring needs? Contact Us​

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Is Your Boss Invested in Your Career Development?

​The banking and financial services sector is the third largest employer in Singapore. The city is the Asian hub for both large banks, and small, innovative fintech companies, which are quickly growing and transforming the sector.  This evolving landscape means the traditional career ladder has become more of a zig-zag path, and guidance from higher management levels has become more important than ever. If you are not having regular one-to-ones with your boss about your personal career development plan, your career roadmap may be in trouble.  This article reviews the signs of a disengaged boss and outlines how to introduce a career development talk which is actionable and productive. ​

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Why Your Business Should Invest in Work Life Balance

​​For many employers and HR professionals in financial services, developing work-life balance strategies that bring tangible benefits to the business and their employees can be challenging. In a candidate-led market, employees have more choice than ever, and after salary and job security they state that work-life balance is the most important factor for job satisfaction. To attract and retain fantastic employees, employers must adopt strategies that appeal to a workforce that demands greater work-life balance.What is work-life balance and how do we measure it?While the term 'work-life balance' has yet to lose its buzz in recent years, an agreed upon definition remains elusive. The general consensus, as the name suggests, is that work-life balance is the division of a person's time between work, and family or leisure activities. As researchers atGriffith Universityacknowledge, the 'carry over' from an individual's multiple life roles is bidirectional; the demands from family or other personal matters can negatively influence performance at work and vice versa. The ‘right’ balance of the two is subjective, but recent studies suggest that employees feel work has a disproportionate share; affecting their personal commitments and causing severe stress. For most people, a healthy balance between the two can be incredibly hard to achieve. It's no secret that the work hours in financial services are incredibly demanding.1 in 3 financial analystsregularly spend between 50 and 70 hours a week at work; while those in corporate finance exceed 90 hours. Long hours in a high pressure environment can have a dramatic physiological effect. In 2013, Moritz Erhadt, an intern at Bank of America's London officedied after working three straight days. The failure to find a healthy work-life balance as a finance professional means that the industry has a divorce rate of 33.9% according to aggregated data from theUS Census Bureau's 5-Year American Community Survey.Technological advances have enabled new career opportunities. In a survey of 18,000 professionals across 89 international companies, IWG found that70% of people now workremotelyat least once a week, though BNY Mellon recently scrapped the practice for their UK 3,000 employees to enable"better collaboration and quicker decision making". While such technologies have allowed greater freedom ofwhereto work, they've also removed any obstacle for whento work. Work can filter into every moment of our personal lives. Employees are increasingly struggling to switch off from thinking about work when they continue to receive push notifications once they've left the office. Globalisation anddigitalisation have contributed to a 24 hour work culture, where working from your phone is the norm and every moment in whatever space holds business potential. An increasingly integrated 'work-life' suggests that a dichotomy between the two is unsustainable. Is it worth the organisational effort to keep work and non-work separated, and what are the benefits of doing so?  Work-life balance makes employees happier, healthier and more likely to stayA good work-life balance is imperative for a healthy working environment and happy, motivated employees. Yet according to a survey by the Mental Health Foundation, work is overtaking life for more than 40% of employees. As a greater number of professionals continue to work longer than their contracted hours, we are witnessing a dramatic increase in associated mental health issues, including stress and depression, which are costly to employees and employers alike. In the financial services industry, the picture is even worse. A recent survey conducted by Mental Health England identified that financial services jobs are 44 percent more likely to cause a stress-related illness than the average role in the UK. Poor work-life balance has a profoundly negative impact on retention. For the tenth anniversary of the collapse of Lehman Brothers, we conducted aglobal surveyof financial services professionals to ask how they felt about working in the industry and how confident they were in its future. Only 20% said they were happy in finance and had never considered moving to another industry. Almost half were actively searching for a different role and almost half (47%) said they had lost someone in their team to another industry or further education in the last six months. Around the world, women are usually still the primary caregivers for their children. Poor maternity leave or childcare initiatives can make it even more difficult for women to find a healthy work-life balance. No wonder that the Mental Health Foundation has found that42% of female UK employeessaid they were unhappy at work, compared to 29% of men. Arecent study by PwCfound that financial services was falling behind in the upwards mobility of women due to poor work-life balance. Sixty percent of working mothers in financial services believe they were overlooked for advancement upon returning to work from parental leave, and more than half said that their companies' flexible work options weren't readily accessible or would negatively impact their careers. With this in mind, employers may look to primarily engage their female staff to collaboratively explore work-life solutions that benefit all. For employers that continue to shy away from the necessity of work-life policy, the financial ramifications could be significant. Poor work-life balance is not worth the costPoor work-life balance costs the global economy billions each year. Research from the Centre for Mental Health revealed that absence from work for employees suffering from mental health issues is costing the UK economy £26 billion each year. Across the pond, the Harvard Business Review also found that problems associated with a poor work-life balance are costing between $125 and $190 billion in healthcare spending each year in the US.This, of course, means that for organisations that operate internationally the financial penalty for not proactively managing the need for work-life balance fast becomes costly and counter-intuitive.The financial services industry must reimagine the ways in which it can deliver an effective work-life balance to its employees. Responsibility for identifying work-life initiatives that suit the industry and the professionals working within it must fall to both employer and employee.For an employee, it is important to voice suggestions and contribute to policy development. Employees should also take steps to manage their own work-life balance by setting boundaries and placing greater focus on ‘clocking off’ when the workday ends. Management should make efforts to become more aware of the pressures experienced by their staff and aim to facilitate the transition towards greater flexibility and work-life innovation. Unlike the baby boomers before them, the vast majority of millennials (81%) feel they should set their own working patterns and have the option to work from home on occasion. It may be worth taking note, that 80% of baby boomers (born between 1945 and 1960) are now, later in their careers, reporting moderate to high-stress levels.Collaboration is the key to successAny initiatives to improve work-life balance will only be sustainable if approached in a consultative manner. Employers and employers must come together to rethink how they work and how they can define new ways of working. A better work-life balance will inevitably lead to better retention, greater longevity within the industry and, most importantly, better well-being for everyone working within it.From speaking daily to hundreds of clients and candidates, we understand what good work-life balance looks like in different cultures. For personal advice on how to make meaningful changes to attract and retain employees, contact us today.--------------------About UsSelby Jennings is a leading specialist recruitment agency for banking and financial services. For more than 15 years, we have given clients and candidates peace of mind that the recruitment process is in expert hands. Our continual investment in best-in-class technologies and consultant training enables us to recruit with speed, precision and accuracy. Today, Selby Jennings provides contingency and retained search recruitment across 11 offices in 6 countries. Contact us to find out how Selby Jennings can help you.

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The Growth of Quants in Investment Banks

​​Picture an investment bank drawn in a ‘Where’s Waldo?’ style. You’ve got traders, finance, the legal team and management; human resources and an IT team hammering away at their keyboards. Where would you expect to find quantitative analysts (quants)?Ten years ago, quants would have been tucked away on trading desks, inputting data into Excel spreadsheets and working through it manually to uncover patterns and statistics. Their findings would help traders to confirm the right price and most promising investment options.Skip forwards a decade and the role of the quant has changed substantially. For the most part, they are now incorporated into risk management teams, instead of being on a trading desk. There are more of them, they are a more diverse group and they use new tools to carry out different tasks. They are in considerable demand and much valued by financial organizations. What brought about this change?Why are there more quants?The last decade has seen a breath-taking speed of technological development. Analytic software combined with increased opportunities to gather data have led to Big Data: more information, collected more quickly. There are sophisticated tools to integrate, sort and process this data into state-of-the-art models.Electronic modeling now means that trading can be carried out by computers, based on an algorithm calculation of the most favorable moment to buy and sell. If algorithms are often the brawn behind hedge funds, investment banks, asset management services and private equity firms, quants are the brains: they program the algorithms that make the system work.Quants are also used more and more in the business of risk, helping to calculate probabilities and statistics using advanced modeling. This enables risk management teams to keep on the right side of an increasing volume of laws and procedures needed to manage risks appropriately.There are now many more quants employed in this reformulated role, shifting from revenue generation to risk management. Banks require quants for a range of functions including the valuation aspects of derivatives and pricing.A more diverse quant workforceAnother notable change in the last decade is the increasing diversity of the quant workforce. Although this STEM-related field used to be dominated by men from a similar background, intake is now much broader and includes many women. Female quants talent is much in demand by banks seeking to improve the diversity of their teams.As with other STEM areas, fewer women studying related subjects such as Math and Physics means this female talent is hard to find. When female quants are recruited to firms, employers have an additional incentive to keep them motivated and committed to the role, in an effort to retain this highly sought after talent.The use of models and tools: a systematic or discretionary approach?The development of algorithms, machine learning and related tools has transformed the nature of quantitative analysis. Quants need to ensure that data is interpreted and presented in the best possible way, but there is very little inputting and processing done through human labor any more.This has led to a divergence of opinion in the best way to approach investment decisions. As Leda Braga, a high-flying quant known as the ‘Queen of Quants’ has said, trading is now dominated by two approaches to decision-making: systematic and discretionary.A discretionary approach to trading is based on the trader’s own thought processes and decision-making skills. Systematic trading uses technology to indicate the best investment strategies, using algorithms to process reams of data. Quants are essential to the systematic approach, which is gaining in popularity.However, the discretionary approach is still very common, particularly because people tend to respond more vehemently to an error made by an algorithm than an error made by a human. As Braga observes: “We scrutinize the algos with a lot less tolerance than we scrutinize human action.”What does it take to be a good quant?To be successful as a quant, strong analytical skills are a must. Most professionals have advanced computer programming abilities, typically using SQL for database management and perhaps an object-oriented language such as Python or R to clean, sort and process data.Quants usually have advanced degrees in a STEM subject, such as computer science, mathematics or physics. A PhD in one of these subjects is common.  There is also increasing popularity of financial engineering master’s degrees such as financial engineering or quantitative/mathematical finance.----------About UsSelby Jennings is a leading specialist recruitment agency for banking and financial services. For more than 15 years, we have given clients and candidates peace of mind that the recruitment process is in expert hands. Our continual investment in best-in-class technologies and consultant training enables us to recruit with speed, precision and accuracy. Today, Selby Jennings provides contingency and retained search recruitment across 11 offices in 6 countries. Contact us to find out how Selby Jennings can help you.

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