Discover your dream Career
For Recruiters

CHEERING TALES: Re-employed as a market risk analyst after four months with no income

Here's the next in our series of uplifting posts about real people who really did lose their jobs and then found new (and sometimes better) ones.

Current role

I'm currently working as a market risk analyst with a focus on liquidity risk reporting, modeling and the implementation of stress scenario testing.

Previous role

I was previously employed by a BB European investment bank as a corporate fund and liquidity analyst for the Treasury division. That was my first job after Uni.

When the lights went out

I lost my first job last February, after completing one year with that bank.

When the lights came on

After four months of being unemployed, I managed to get my new position.

How the job was found

I went through all the different routes to get my new job; recruitment agencies, website applications, direct contact with the HR departments of banks, and sending my CV to employed friends around the City. The method that gave me the most interviews was the direct contact with the HRs of the banks.

Life without income

It wasn't very easy to accept that I'd lost my first job and that I had to live for four months without income. I tried to limit my expenses, cancelled my gym membership and started cooking instead of buying ready meals from M&S.

Lessons learned

If I lose my job again, I will be once again proactive and open minded. I will also be more confident! I survived the worst recession since the 1930s, nothing can stop me!

author-card-avatar
AUTHORSarah Butcher Global Editor
  • TG
    TG
    11 September 2009

    @realauthor
    Thanks for your answer. I would like to know some more detail of your previous liquidity job and the current liquidity risk reporting function. How it is related and different from each other?
    Hope you enjoy your new career!

  • an
    anon
    11 September 2009

    congratulation realauthor
    enjoy the new challenge!

  • an
    anon
    11 September 2009

    crappy job but at least u can go back to that fancy gym in canary wharf

  • Mi
    Michael
    11 September 2009

    @ Global HR-
    'it is sad you joined back office again at a lower tier bank'

    You are an idiot! I think most people these days would be pretty happy with that job. Certainly beats HR too!

  • re
    realauthor
    11 September 2009

    @TG re your questions, what new skills need to be learnt to make the transition from corporate funding and liquidity risk analyst to market risk.

    First of all you have to learn risk concepts like Greeks, VaR, stress testing, back testing etc, assuming that you have already a good understanding of plain vanilla derivatives and FI securities.

    Keep yourself up-2-date with new FSA regulations it s something useful too.

    @Global HR, "technically speaking" am glad I'm employed and not folding cheeseburgers and big macs like other colleagues or friends..

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.