Around the World: Want a high paying fin-tech job? Move to Edinburgh

There are some high paying fin-tech jobs in Edinburgh

Any technologist considering a move from the City to a role in Edinburgh would have previously been doing so for the opportunity to buy a larger flat and greater proximity to the Fringe Festival, rather than for career reasons. Now, however, salaries are starting to increase. [Scotland]

If you want a new role in Australia, you’d better start looking internally (at least that’s what employers want you to do)

The external job market is tight: employers are cutting recruitment or lengthening the hiring process (or both), while candidates are cautious about changing companies in an uncertain economic environment. So when there are openings, firms are doing all they can to save money by sourcing talent with proven track records from within their own ranks. This renewed emphasis on internal recruitment comes at a time when hiring freezes continue to affect many large financial institutions in Australia. [Australia]

The job-hopping headache for insurance firms in London

Insurance firms are facing a skills shortage, but they’re still incredibly choosy about the people they decide to take on. The latest thing turning off recruiters is the short period of time candidates are spending with their current employer – basically, firms hate a new emerging job-hopping trend. [UK]

Four things you must have to secure a wealth management role in the Middle East

The number of wealth managers looking to tap into the growing pool of investable assets in the Middle East is on an upward trajectory. The likes of Barclays Wealth, Coutts, Jefferies, J.P. Morgan, Lombard Odier, Merrill Lynch and UBS have all been talking up MENA expansion plans currently, and a number of other firms have been hiring over the last 18 months. However, you shouldn’t assume that it’s a cake walk to secure a role in the sector. [Middle East]

There’s big demand for contract workers in Irish financial services. Here’s how much they’re paid

Ireland’s financial services contract workers have reason to feel a little apprehensive. The six-month delay in enacting the Agency Worker’s Directive (AWD) has come to an end. The bill was passed earlier this month. All that remains now is to see its impact. Helen Gallagher, human resources manager at recruitment firm Morgan McKinley, says the act has been amended in three significant ways which contract workers should be aware of. [Ireland]

Why being approved for a banking job is a tedious, tortuous process (and why this may not be a such a bad thing)

The time it takes from first interview to job offer has gotten even longer for candidates this year, but there is a potential upside – for both employers and candidates. The 17 senior financial HR professionals who attended the recent eFinancialCareers roundtable in Hong Kong agreed that the hiring process is as protracted as it has ever been, with head offices overseas often involved in interviewing even relatively junior job seekers. [Hong Kong]

Evidence that Norway and Sweden has some very skilled traders

The emergence of the “Robin Hood” day traders in Norway and Sweden, who managed to profit from the flaws in algorithmic trading programs, reignites the old man versus machine debate. While the trader is obviously not obsolete, it seems that those operating outside of the confines of a large financial institution have a little more freedom to gain advantages over the machines. [Norway]

Japanese firms in China face hiring hurdles

Sumitomo Mitsui Banking Corporation (SMBC) has acquired a 24 percent share in China Post & Capital Fund Management and dispatched a non-executive director to the Chinese company. This is the first time SMBC has invested in a non-Japanese asset management firm, and it was attracted by the growth of this sector in China. There is also a potential hiring challenge. [Japan]