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

Investment Banking Associate

Responsibilities: Assisting in the execution of transactions through financial modeling, valuation, comparable and relative value analysis. Reviewing and analyzing financial statements and reports. Overseeing due diligence processes and materials. Working closely with Managing Directors on a lean deal team to execute on M&A deals. Qualifications: 2-3+ years of Investment Banking experience Strong, closed M&A deal experience. Bachelors in Finance, Economics, Business or related fields. If you are interested in this role, then please don't wait to apply.

US$120000 - US$125001 per year
Washington
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Investment Banking Analyst

Responsibilities: Assisting in the execution of transactions through financial modeling, valuation, comparable and relative value analysis. Reviewing and analyzing financial statements and reports. Overseeing due diligence processes and materials. Working closely with Managing Directors on a lean deal team to execute on M&A deals. Qualifications: 1+ years of Investment Banking, Corporate Development or Valuations experience Strong, closed M&A or Capital Markets deal experience. FINRA SIE, Series 7 and Series 79 licenses. Bachelors in Finance, Economics, Business or related fields. If you are interested in this role, then please don't wait to apply.

US$80000 - US$80001 per year
Washington
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VP/Director Senior Originator, Corporate and Leveraged Finance

Director, Leveraged Finance Originator - Frankfurt In this pivotal position you'll be working within the corporate structured finance realm where precision meets innovation: Apply your specialised knowledge in corporate structured finance, managing complex structures designed for corporations. Prepare and review financial models, with a focus on cash flow analysis and financial projections You will be drafting CLF requests (risk analysis, sector analysis) The Ideal Candidate: Minimum 8 years experience in debt advisory, corporate structured finance, acquisition finance or leveraged finance origination Significant experience: loan origination process, cash flow models. preparation of credit files, structuring and negotiations and understanding of corporate finance products Professional proficiency in both English & German, additional languages are a plus! Ability to work as a team player, while also having excellent self motivation and integrity If you're ready to join a high-performing team with global recognition and join like-minded individuals, apply today!

Negotiable
Frankfurt (Oder)
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Financial Director | Trillion Dollar International Bank

Financial Director at International Trillion Dollar Bank Responsibilities: Provide financial and non-financial data to regulators and tax authorities. Manage daily accounting operations, tax reporting, and FA projects. Ensure accurate and timely group reporting and SOX audit. Maintain internal control systems for financial accounting and regulatory reporting. Develop internal accounting policies and controls. Communicate with local regulators. Assist in reviewing new banking products. Duties: Develop business strategies and action plans. Support Section Head in organizational transformation. Build internal and external networks for strategy design. Manage job allocation and monitor staff workload. Solve challenging issues with expertise. Encourage and guide staff development. Qualifications and Skills: Degree in Accounting, Finance, or related field. 10+ years of experience. Experience with HKMA/regulatory returns. Strong leadership and team management skills. Knowledge of products and local regulatory requirements. Proactive, energetic, and team-oriented. Excellent interpersonal and problem-solving skills. Proficiency in English & Chinese.

Negotiable
Hong Kong
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Senior Associate

Company Overview: Join our esteemed investment firm renowned for its expertise in navigating intricate financial landscapes and fostering strategic growth opportunities. We specialize in identifying and capitalizing on emerging trends across diverse industries, delivering exceptional results for our investors. Position: Senior Associate Location: Nashville, Tennessee Key Responsibilities: Conduct thorough market research and analysis to identify potential investment opportunities and industry trends within our focus areas. Lead financial modeling, valuation, and due diligence efforts to assess investment opportunities and support decision-making processes. Prepare detailed investment memoranda, presentations, and financial models for review by senior management and investment committees. Assist in negotiating transaction terms, structuring deals, and coordinating with legal and financial advisors throughout the deal execution process. Monitor and evaluate portfolio company performance, working closely with management teams to identify growth opportunities and operational efficiencies. Cultivate and maintain relationships with industry professionals, advisors, and stakeholders to stay informed of market developments and opportunities. Qualifications: Bachelor's degree in finance, Economics, Business Administration, or related field; MBA or advanced degree preferred. 4-6 years of experience in investment banking, private equity, venture capital, or corporate finance, demonstrating a strong track record in executing transactions and conducting thorough financial analysis. Proficiency in financial modeling and valuation techniques, with advanced skills in Excel and familiarity with financial databases and analysis tools. Strong analytical skills with the ability to interpret complex financial information and present informed recommendations. Excellent communication and presentation skills, capable of articulating investment theses and findings effectively to senior management and external stakeholders.

Up to US$1 per annum
Nashville
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Senior Associate, Debt Advisory

Senior Associate, Debt Advisory - Mid-Market Investment Banking Our esteemed client is actively seeking a seasoned Senior Associate for their busy Debt Advisory team based in Amsterdam. In this crucial position, you will: Leverage your expertise in managing complex transactions that drive financial growth Collaborate with industry leaders on sophisticated refinancing operations Provide unparalleled advice on high-stakes debt structures and strategies Key Skills Required: Debt Advisory Acumen: With keen insight into market trends and capital management, advise stakeholders effectively about potential risks and opportunities concerning various forms of borrowing. Dutch Fluency: You must be fluent in Dutch or at minimum professionally proficient as the main geographical coverage is the Benelux. Conceptual: You must be able to conceptualise and have prior experience in an advisory capacity, working and producing pitches, marketing materials alongside financial models. If this role is of interest to you, apply today!!

Negotiable
Amsterdam
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Investment Banking M&A | Senior Associate/VP | Paris

Position: Senior Associate/VP Location: Paris, France Are you a dynamic and driven professional with a passion for investment banking? Our client, a prestigious mid-market Investment Banking boutique, is seeking an experienced Senior Associate or Vice President to join their esteemed team in the heart of Paris. About Our Client: Renowned for their exceptional client service and innovative financial solutions, our client specializes in mergers and acquisitions, capital raising, and strategic advisory services. With a focus on mid-market transactions, they offer a collaborative and entrepreneurial work environment where your contributions will directly impact their success. Key Responsibilities: Lead and manage deal execution, including M&A, capital raising, and financial advisory projects. Develop and maintain strong client relationships, serving as a trusted advisor. Conduct detailed financial analysis, modeling, and valuation to support transaction structuring. Oversee due diligence processes and coordinate with legal, tax, and other advisors. Mentor and guide junior team members, fostering a culture of excellence and collaboration. Qualifications: 5-8 years of experience in investment banking, preferably within the mid-market sector. Proven track record in executing M&A transactions and capital raising activities. Strong analytical skills with proficiency in financial modeling and valuation. Exceptional communication and interpersonal skills, with the ability to build and maintain client relationships. Fluent in French and English; additional languages are a plus. MBA or CFA qualification is preferred but not mandatory. If you are a motivated and ambitious investment banking professional looking to take your career to the next level, we want to hear from you. Join a team where your expertise and insights will be valued, and your career aspirations supported.

Negotiable
Paris
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Corporate Development Analyst

Corporate Development Analyst will be responsible for: Preparing and delivering presentations throughout the deal execution period. Assist in the coordination of internal and external resources in the due diligence process for M&A transactions. Conducting extensive industry, market, and company-specific research. Building and maintaining client relations with established and prospective clients. Partner with corporate development leadership to evaluate and integrate the acquired company into the Firm and ensure successful integration to achieve strategic rationale, value drivers, and synergies. Corporate Development Analyst should have the following qualifications: 2+ years of Corporate Development, Consulting, Integration or Project Management experience. MBA or Bachelors in Finance, Economics, Business or related fields. Strong closed M&A deal experience. If you are interested in the Corporate Development Analyst role, then please don't wait to apply. Email me over a copy of your resume and we can schedule a time to chat.

US$115000 - US$115001 per year
Washington
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Investment Banking Associate

Title: Investment Banking Associate Company Summary: We are currently partnered with a Boutique Middle Market Investment Bank that provides financial strategy, consulting, and M&A services to mid-market private shareholders. They are looking to add an Associate to their ADG team here in Washington, DC. This opportunity provides extensive resources to assist in your success and gain extensive M&A experience within a growing industry. Investment Banking Associate should have the following qualifications: 2+ years of Investment Banking experience. ADG experience preferred but not required. MBA or Bachelor's in Finance, Economics, Business or related fields. If you are interested in the Investment Banking Associate role, then please don't wait to apply.

US$175000 - US$175001 per year
Washington
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Investment Banking Associate - Renewable Energy

Title: Investment Banking Associate Company Summary: We are currently partnered with a Boutique Middle Market Investment Bank that provides financial strategy, consulting, and M&A services to mid-market private shareholders. They are looking to add an Associate to their renewable energy team here in Houston, TX. This opportunity provides extensive resources to assist in your success and gain extensive M&A experience within a growing industry. Investment Banking Associate should have the following qualifications: 2+ years of Investment Banking experience. Renewal energy experience preferred but not required. MBA or Bachelor's in Finance, Economics, Business or related fields. If you are interested in the Investment Banking Associate role, then please don't wait to apply.

US$175000 - US$175001 per year
Houston
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Transaction Advisory Manager

Title: Transaction Advisory Manager Company Summary: We are working with a top tier Consulting firm looking to add a Transaction Advisory Manager to their growing Healthcare team based in either Dallas, TX or Nashville, TN! This opportunity will allow you to work directly with c-suite level executives, gain client facing experience as well as work with some of the best Healthcare companies in the space. Role Responsibilities: Conduct financial due diligence for buy-side and sell-side M&A transactions Create financial models to analyze future and historical data trends, quality of earnings, potential liabilities and underlying risks for target healthcare companies Effectively communicate with target companies their quality of earnings, net assets, and cash flows The Transaction Advisory Manager should have the following qualifications: 2+ years of experience working within Big 4 Consulting within Audit, Assurance, Deal Advisory, FDD or Transaction Advisory. Healthcare experience preferred but not required. Sitting in either Dallas, TX or Nashville, TN or open to relocation to either cities. If you are interested in the Transaction Advisory Manager role, then please don't wait to apply.

US$115000 - US$150000 per year
Dallas
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Investment Banking MD

Investment Banking Managing Director should have the following qualifications: 10+ years of experience in Investment Banking. Book of Business within Environmental Services, Transportation and Logistics, Manufacturing, or a similar subsector of Industrials. MBA or Bachelor's in Finance, Economics, Business or related fields. If you are interested in the Investment Banking Managing Director role, then please don't wait to apply.

Negotiable
United States of America
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Corporate & Investment Banking News & Insights

Singapore Investment Banking Salary Guide - 2024 Image
industry insights

Singapore Investment Banking Salary Guide - 2024

​The investment banking market in Singapore is experiencing remarkable growth, driven by its status as a global financial hub and its strategic location in Asia. The market is projected to contribute significantly to the global investment banking sector, which is estimated to reach USD $213.6 billion by 2032, growing at a CAGR of 10.8%. This growth underscores the sector's complexity, fast-paced nature, and the extensive range of services it provides.Given these dynamics, keeping up with the latest salary and bonus movements can be challenging. The latest Global Investment Banking Salary Guide - 2024 is designed to help you navigate the current compensation landscape, offering valuable insights for employers aiming to attract their next key hire, and professionals looking to benchmark their current compensation against their peers in Singapore.Key Highlights of the Guide:Comprehensive Salary and Bonus Benchmarks: The guide includes detailed salary and bonus benchmarks for a variety of key roles across boutique, middle market, elite, and bulge bracket firms in Singapore.Firm-Specific Insights: In-depth compensation benchmarks are provided for different categories of investment banks operating in Singapore, broken down by job title:Boutique Investment BanksMiddle Market Investment BanksGlobal Investment Banks with significant presence in SingaporeElite Boutique Investment BanksBulge Bracket Investment BanksTailored for the Singapore Market: The guide reflects the unique aspects of Singapore's investment banking industry, such as local regulations, market trends, and the impact of Singapore's economic policies on the financial sector.​Optimize Your Hiring StrategyWhether you are an employer looking to attract top talent or a professional aiming to negotiate your next salary package, this Global Investment Banking Salary Guide - 2024 provides the essential data you need to succeed.Stay Competitive in Singapore’s Financial Services HubSingapore's strategic location and robust financial ecosystem make it a prime destination for investment banking. Stay ahead of the curve with Selby Jennings' comprehensive guide, tailored specifically for the Singapore market. ​

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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

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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