Friday's Headlines: Goldman Is Hiring Risk Professionals

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Goldman Sachs is busy hiring - not traders, but risk specialists. CFO David Viniar told investors that much of its recent recruitment relates to the new regulatory environment, with hundreds of staff hired "on the risk management and control side" of the firm. [WSJ]

Employment in investment banking and securities dealing dropped more than 20 percent in both New York City and New York state in September from a year ago. [Morningstar]

Credit Suisse investors are questioning the bank's bet on investment banking. Since June it has added 600 staff to the division. [WSJ]

KKR announced it will hiring a group of nine traders from Goldman Sachs, who used to trade the firm's money on a prop trading basis. The move is viewed as a sea change in private equity. [WSJ]

KPMG recruiters in the U.S. are increasingly using direct sourcing methods to identify the CVs of potential recruits before vacancies arise in order to save time and money. [FT]

Bank-based financial advisor commissions have dropped, prompting top advice-givers to push traditional products like life insurance and fixed annuities. [American Banker]

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